Carriage Services, Inc. (NYSE:CSV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Carriage Services, Inc. (NYSE:CSV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On November 29, 2018, Melvin C. Payne, the Chairman of the Board and Chief Executive Officer of Carriage Services, Inc. (the “Company”), Viki K. Blinderman, the Senior Vice President, Principal Financial Officer, Chief Accounting Officer and Secretary of the Company, Carl B. Brink, the Senior Vice President, Chief Financial Officer and Treasurer of the Company, Paul D. Elliott, a Senior Vice President and Regional Partner of the Company, and Shawn R. Phillips, the Senior Vice President and Head of Strategic and Corporate Development of the Company, each agreed to the cancellation of three separate Performance Award Agreements previously awarded by the Company to each of the above named individuals in 2016, 2017 and 2018 (collectively the “Agreements”). Prior to such cancellation, each of the Agreements provided for contingent compensation, which was payable to such individuals in shares of the Company’s common stock, based on the performance of the Company over a five-year period from the date of grant.

The table below sets forth the number of Performance Awards previously granted to each of the above named individuals to the Agreements in 2016, 2017 and 2018, and the number of Performance Awards cancelled on November 29, 2018.

2016:

Named Executive Officer

Performance Awards Granted

Performance Awards Cancelled

Melvin C. Payne

17,900

17,900

Viki K. Blinderman

3,800

3,800

Carl C. Brink

3,100

3,100

Paul D. Elliott

5,400

5,400

Shawn R. Phillips

5,200

5,200

2017:

Named Executive Officer

Performance Awards Granted

Performance Awards Cancelled

Melvin C. Payne

26,380

26,380

Viki K. Blinderman

7,920

7,920

Carl C. Brink

7,920

7,920

Paul D. Elliott

8,770

8,770

Shawn R. Phillips

8,770

8,770

2018:

Named Executive Officer

Performance Awards Granted

Performance Awards Cancelled

Melvin C. Payne

26,600

26,600

Viki K. Blinderman

7,980

7,980

Carl C. Brink

7,980

7,980

Paul D. Elliott

8,840

8,840

Shawn R. Phillips

8,840

8,840


About Carriage Services, Inc. (NYSE:CSV)

Carriage Services, Inc. is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns. Its cemetery products and services include interment services, the rights to interment in cemetery sites (primarily grave sites, mausoleum crypts and niches) and related cemetery merchandise, such as memorials and vaults. It serves suburban and rural markets. It provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. It also maintains trusts in connection with funeral home and cemetery operations, including preneed funeral trusts, preneed cemetery merchandise and service trusts and cemetery perpetual care trusts. It operates approximately 167 funeral homes and 32 cemeteries.

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