Carriage Services Inc. Files Definitive Proxy Statement
Ticker: CSV · Form: DEF 14A · Filed: Mar 29, 2024 · CIK: 1016281
| Field | Detail |
|---|---|
| Company | Carriage Services Inc (CSV) |
| Form Type | DEF 14A |
| Filed Date | Mar 29, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, Carriage Services, Shareholder Meeting, Executive Compensation
TL;DR
<b>Carriage Services Inc. has filed its Definitive Proxy Statement (DEF 14A) on March 29, 2024, for the reporting period ending May 14, 2024.</b>
AI Summary
CARRIAGE SERVICES INC (CSV) filed a Proxy Statement (DEF 14A) with the SEC on March 29, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Filing date: 2024-03-29. Period of report: 2024-05-14. Company: Carriage Services Inc. SIC Code: 7200 (Personal Services).
Why It Matters
For investors and stakeholders tracking CARRIAGE SERVICES INC, this filing contains several important signals. This filing is a routine proxy statement, indicating the company is preparing for its annual shareholder meeting and related corporate actions. The DEF 14A form provides detailed information on executive compensation, director nominations, and other matters to be voted on by shareholders.
Risk Assessment
Risk Level: low — CARRIAGE SERVICES INC shows low risk based on this filing. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new financial or operational information that would inherently increase risk.
Analyst Insight
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and potential shareholder concerns.
Key Numbers
- 2024-03-29 — Filing Date (DEF 14A)
- 2024-05-14 — Period of Report (DEF 14A)
- 7200 — SIC Code (Carriage Services Inc.)
Key Players & Entities
- CARRIAGE SERVICES INC (company) — Filer
- 713-332-8400 (dollar_amount) — Business Phone
FAQ
When did CARRIAGE SERVICES INC file this DEF 14A?
CARRIAGE SERVICES INC filed this Proxy Statement (DEF 14A) with the SEC on March 29, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CARRIAGE SERVICES INC (CSV).
Where can I read the original DEF 14A filing from CARRIAGE SERVICES INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CARRIAGE SERVICES INC.
What are the key takeaways from CARRIAGE SERVICES INC's DEF 14A?
CARRIAGE SERVICES INC filed this DEF 14A on March 29, 2024. Key takeaways: Filing type: DEF 14A (Definitive Proxy Statement). Filing date: 2024-03-29. Period of report: 2024-05-14.
Is CARRIAGE SERVICES INC a risky investment based on this filing?
Based on this DEF 14A, CARRIAGE SERVICES INC presents a relatively low-risk profile. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new financial or operational information that would inherently increase risk.
What should investors do after reading CARRIAGE SERVICES INC's DEF 14A?
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and potential shareholder concerns. The overall sentiment from this filing is neutral.
How does CARRIAGE SERVICES INC compare to its industry peers?
Carriage Services Inc. operates in the personal services industry, specifically funeral homes and cemeteries.
Are there regulatory concerns for CARRIAGE SERVICES INC?
As a publicly traded company, Carriage Services Inc. is subject to SEC regulations for proxy statements, ensuring transparency in corporate governance and shareholder voting.
Industry Context
Carriage Services Inc. operates in the personal services industry, specifically funeral homes and cemeteries.
Regulatory Implications
As a publicly traded company, Carriage Services Inc. is subject to SEC regulations for proxy statements, ensuring transparency in corporate governance and shareholder voting.
What Investors Should Do
- Analyze executive compensation packages detailed in the proxy statement.
- Review director nominations and qualifications presented for shareholder approval.
- Identify and evaluate any shareholder proposals and management's recommendations.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard disclosure document and does not represent a change from previous filings in terms of new financial data or operational updates.
Filing Stats: 4,754 words · 19 min read · ~16 pages · Grade level 13.9 · Accepted 2024-03-29 15:52:24
Filing Documents
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SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND CERTAIN BENEFICIAL OWNERS
SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND CERTAIN BENEFICIAL OWNERS 27 Stock Ownership of Management 27 Stock Ownership of Certain Beneficial Owners 28 Delinquent Section 16(a) Reports 28 COMPENSATION COMMITTEE REPORT 29 EXECUTIVE MANAGEMENT 30 COMPENSATION DISCUSSION AND ANALYSIS 32 Compensation Philosophy and Practices 33 Consideration of Previous Shareholder Advisory Vote 35 Page No. Elements of Compensation 35 Employment Agreements 36 Compensation Evaluation Process 37 CEO Compensation 37 Base Salaries 38 Annual Cash Incentive Bonuses 39 Long-Term Equity-Based Incentives 40
Executive Compensation Policies and Practices as they Relate to Our Risk Management
Executive Compensation Policies and Practices as they Relate to Our Risk Management 41 Tax and Accounting Considerations 41
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 42 Summary Compensation Table 42 Grants of Plan-Based Awards 43 Outstanding Equity Awards at Fiscal Year-End 44 Option Exercises and Stock Vestings 45 Potential Payments Upon Termination 46 Pension Benefits 48 Nonqualified Defined Contribution and Other Nonqualified Deferred Compensation Plans 48 CEO Pay Ratio 48 Pay Versus Performance 50 PROPOSAL NO. 2: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION 57 AUDIT COMMITTEE REPORT 58 PROPOSAL NO. 3: RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP 59 Pre-Approval Policy for Services of Independent Registered Public Accounting Firm 59 Audit Fees 59 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 60 Policies and Procedures for Review and Approval of Related Party Transactions 60 Related Party Transactions 60 OTHER BUSINESS 61 SHAREHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING 62 ADDITIONAL INFORMATION 63 Annual Report 63 PROXY STATEMENT This Proxy Statement is being furnished to you by the Board of Directors (our "Board") of Carriage Services, Inc. ("Carriage Services," "Carriage," the "Company," "we," "us" or "our") for use at our 2024 Annual Meeting of Shareholders (our "Annual Meeting"). Annual Meeting Date and Location We intend to hold our Annual Meeting in person at our offices at 3040 Post Oak Boulevard, Lobby Conference Room, Houston, Texas 77056, on Tuesday, May 14, 2024, at 9:00 a.m., Central Time. If you plan to attend in person, please use the main lobby entrance where you will see an area to check in prior to entering the room. In the event circumstances change to prevent or limit an in-person meeting, we may implement additional procedures or limitations on meeting attendees or determine that alternate Annual Meeting arrangements are advisable or required (i.e., a virtual-only meeting). If we determine that such alternative arrangements are advisable or required, then we