Service Corp International Files Definitive Proxy Statement

Ticker: SCI · Form: DEF 14A · Filed: Mar 27, 2024 · CIK: 89089

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Service Corp International, Executive Compensation, Shareholder Meeting

TL;DR

<b>Service Corp International has filed its Definitive Proxy Statement for the upcoming shareholder meeting.</b>

AI Summary

SERVICE CORP INTERNATIONAL (SCI) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for Service Corp International. The report covers the fiscal year ending December 31, 2023. The filing date is March 27, 2024, with a report period ending May 7, 2024. Company's principal executive offices are located in Houston, TX. The filing includes data related to pension and equity values for PEO and Non-PEO members from 2020-2023.

Why It Matters

For investors and stakeholders tracking SERVICE CORP INTERNATIONAL, this filing contains several important signals. This filing provides crucial details on executive compensation, shareholder voting matters, and corporate governance, which are essential for investors to make informed decisions. The DEF 14A outlines proposals to be voted on by shareholders, including the election of directors and advisory votes on executive compensation, impacting the company's leadership and financial strategies.

Risk Assessment

Risk Level: — SERVICE CORP INTERNATIONAL shows moderate risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate material financial events.

Analyst Insight

Review the executive compensation details and director nominations to understand potential impacts on company strategy and shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did SERVICE CORP INTERNATIONAL file this DEF 14A?

SERVICE CORP INTERNATIONAL filed this Proxy Statement (DEF 14A) with the SEC on March 27, 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 SERVICE CORP INTERNATIONAL (SCI).

Where can I read the original DEF 14A filing from SERVICE CORP INTERNATIONAL?

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 SERVICE CORP INTERNATIONAL.

What are the key takeaways from SERVICE CORP INTERNATIONAL's DEF 14A?

SERVICE CORP INTERNATIONAL filed this DEF 14A on March 27, 2024. Key takeaways: Filing is a Definitive Proxy Statement (DEF 14A) for Service Corp International.. The report covers the fiscal year ending December 31, 2023.. The filing date is March 27, 2024, with a report period ending May 7, 2024..

Is SERVICE CORP INTERNATIONAL a risky investment based on this filing?

Based on this DEF 14A, SERVICE CORP INTERNATIONAL presents a moderate-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate material financial events.

What should investors do after reading SERVICE CORP INTERNATIONAL's DEF 14A?

Review the executive compensation details and director nominations to understand potential impacts on company strategy and shareholder value. The overall sentiment from this filing is neutral.

How does SERVICE CORP INTERNATIONAL compare to its industry peers?

Service Corporation International operates in the personal services sector, specifically funeral homes and cemeteries.

Are there regulatory concerns for SERVICE CORP INTERNATIONAL?

The filing is a DEF 14A, a standard SEC filing required for public companies soliciting proxies from shareholders.

Industry Context

Service Corporation International operates in the personal services sector, specifically funeral homes and cemeteries.

Regulatory Implications

The filing is a DEF 14A, a standard SEC filing required for public companies soliciting proxies from shareholders.

What Investors Should Do

  1. Analyze the proposals related to director elections and executive compensation.
  2. Review the detailed breakdown of equity compensation plans.
  3. Note any shareholder proposals or dissenting opinions presented in the filing.

Key Dates

Year-Over-Year Comparison

This is the initial DEF 14A filing for the 2024 proxy season, providing updated information compared to previous filings.

Filing Stats: 4,389 words · 18 min read · ~15 pages · Grade level 17.8 · Accepted 2024-03-27 16:57:30

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 40 Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation 40 Compensation Discussion and Analysis 41 Introduction 41 Executive Summary 41 Pay for Performance and Corporate Strategy 41 Performance Summary 42 Key Features of Our Compensation Programs 44 Consideration of 2023 "Say-on-Pay" Vote 44 Compensation Philosophy and Process 44 CEO Pay and Performance Alignment 45 Total Direct Compensation Pay Components 45 Compensation Elements Link to S hareholder Value 46 Annual Base Salary 47 Annual Performance-Based Incentives Paid in Cash 47 Long-Term Incentive Compensation 49 Other Compensation 51 Further Executive Compensation Practices and Policies 52 How We Make Compensation Decisions 53 Compensation Committee Report 54

Executive Compensation Tables

Executive Compensation Tables 55 Summary Compensation Table 55 Grants of Plan-Based Awards 57 Outstanding Equity Awards at Fiscal Year End 58 Option Exercises and Stock Vested 59 Executive Deferred Compensation Plan 59 Executive Employment Agreements 61 Potential Payments Upon Termination 63 CEO Pay Ratio 64 Pay Versus Performance 64 Certain Transactions 67 Voting Securities and Principal Holders 68 Other Information 70 Information About the Meeting and Voting 70 Proxy Solicitation 72 Submission of Shareholder Proposals 72 Other Business 72 Section 16(a) Beneficial Ownership Reporting Compliance 72 Annexes 73 Annex A: Non-GAAP Financial Measures 73 Annex B: Peer Comparator Group 74 Annex C: Performance Unit Plan Peer Group 75 2024 Proxy Statement 5 Proxy Statement Summary This summary highlights information contained in this Proxy Statement. This summary does not contain all of the information you should consider. Please read this entire Proxy Statement carefully before voting. PROPOSAL 1 The Board of Directors recommends that Shareholders vote "FOR" each of the following nominees: Director Nominees Name Occupation Independent Director Since Age Other Public Boards (1) Board Committee Composition Alan R. Buckwalter Former Chairman and CEO, Chase Bank of Texas YES 2003 77 None Anthony L. Coelho Former Majority Whip of the U. S. House of Representatives Independent business and political consultant YES 1991 81 3 Jakki L. Haussler Founder and Chairwoman of the Board and former CEO, Opus Capital Management YES 2018 66 3 Victor L. Lund Former CEO and Executive Chairman of the Board, Teradata Corporation YES 2000 76 None Ellen Ochoa Former Director, NASA Johnson Space Center Independent Director and Speaker YES 2015 65 None Thomas L. Ryan Chairman and CEO, Service Corporation International NO 2004 58 None C. Park Shaper CEO of Seis Holdings LLC, a private inv

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