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 5.02
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
entered into a Second Amendment to the Second Amended and
Restated Employment Agreement, dated effective as of March 14,
2012 and amended by the First Amendment (dated effective as of
March 3, 2014) with Melvin C. Payne, its Chairman of the Board of
Directors and Chief Executive Officer.
annual bonus award(s) that may be payable to Mr. Payne under the
Agreement. More specifically, to the Second Amendment, Mr. Payne
may be eligible to receive an annual performance-based incentive
award that is intended to qualify as performance-based
compensation under Section 162(m) of the Internal Revenue Code,
as amended, as well as an annual discretionary bonus award, all
as determined in the discretion of the Compensation Committee of
the Companys Board of Directors.
qualified in its entirety by reference to the full text of the
Second Amendment, a copy of which is attached hereto as Exhibit
10.1 and incorporated herein by reference.
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(d)
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Exhibits. The following are furnished as part of this
current report on Form 8-K: |
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10.1 Second Amendment to the Second Amended and
Restated Employment Agreement by and between Carriage Services, Inc. and Melvin C. Payne, dated effective as of March 21, 2017. |
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. Carriage Services, Inc. (NYSE:CSV) Recent Trading Information
Carriage Services, Inc. (NYSE:CSV) closed its last trading session up +0.46 at 27.06 with 144,807 shares trading hands.