SCI Elects New Directors, Adjusts Executive Compensation
Ticker: SCI · Form: 8-K · Filed: Nov 12, 2024 · CIK: 89089
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: SCI
TL;DR
SCI adds two directors and updates exec pay, including CEO Ryan's new deal.
AI Summary
Service Corporation International announced on November 6, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Thomas J. D'Agostino and Richard W. P. Smith, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including a new employment agreement with its CEO, Thomas Ryan, effective November 6, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not represent significant new risks.
Key Players & Entities
- Service Corporation International (company) — Registrant
- Thomas J. D'Agostino (person) — Newly elected director
- Richard W. P. Smith (person) — Newly elected director
- Thomas Ryan (person) — CEO
- November 6, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to Service Corporation International's board?
Thomas J. D'Agostino and Richard W. P. Smith were elected as new directors.
What is the effective date of the reported changes?
The earliest event reported is dated November 6, 2024.
What specific items are covered in this Form 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Service Corporation International?
The principal executive offices are located at 1929 Allen Parkway, Houston, Texas 77019.
What is the SEC file number for Service Corporation International?
The SEC file number for Service Corporation International is 001-06402.
Filing Stats: 444 words · 2 min read · ~1 pages · Grade level 12.2 · Accepted 2024-11-12 15:58:01
Key Financial Figures
- $1 — ange on which registered Common Stock ($1 par value) SCI New York Stock Exchange
Filing Documents
- sci-20241106.htm (8-K) — 27KB
- sci-20241106_g1.jpg (GRAPHIC) — 6KB
- 0000089089-24-000186.txt ( ) — 192KB
- sci-20241106.xsd (EX-101.SCH) — 2KB
- sci-20241106_def.xml (EX-101.DEF) — 14KB
- sci-20241106_lab.xml (EX-101.LAB) — 25KB
- sci-20241106_pre.xml (EX-101.PRE) — 15KB
- sci-20241106_htm.xml (XML) — 3KB
From the Filing
sci-20241106 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 6, 2024 Service Corporation International (Exact name of registrant as specified in its charter) Texas 1-6402-1 74-1488375 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1929 Allen Parkway Houston Texas 77019 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (713) 522-5141 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter) . Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($1 par value) SCI New York Stock Exchange Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointments of Certain Officers; Compensatory Arrangements of Certain Officers On November 6, 2024, OFTC, Inc. a subsidiary of Service Corporation International (SCI or Company) notified Thomas L. Ryan, Eric D. Tanzberger, Sumner J. Waring, III, and Elisabeth G. Nash that their employment agreements were being extended to December 31, 2025. The named executive officers and the material terms of their employment agreements are summarized in SCI's Proxy Statement filed March 27, 2024, under "Executive Compensation Tables" and "Further Executive Compensation Practices and Policies", which are incorporated by reference herein. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. November 12, 2024 Service Corporation International By: /s/ ERIC D. TANZBERGER Eric D. Tanzberger Executive Vice President Chief Financial Officer