On February 4, 2023, while recovering from knee surgery, the Carriage Services, Inc.'s CEO and Chairman, Melvin C. Payne, suffered a stroke. Mr. Payne's current rehabilitation program is focused on improving his mobility and he is expected to make a full recovery as he continues to lead the Company as CEO. Carlos Quezada, Vice Chairman of the Board, President and Chief Operating Officer, and Steve Metzger, Executive Vice President, Chief Administrative Officer, General Counsel and Secretary, will continue to manage the Company's business in collaboration with Mr. Payne during his recovery period.
Carriage Services, Inc. is a provider of funeral and cemetery services and merchandise in the United States. Its Funeral home and cemetery businesses provide products and services to families in three areas: ceremony and tribute, generally in the form of a funeral or memorial service; disposition of remains, either through burial or cremation, and memorialization, generally through monuments, markers or inscriptions. Its funeral homes offer a complete range of services to meet a family's funeral needs, consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and memorial services and transportation services. Its Cemeteries provides interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers and monuments) and services (interments, inurnments and installation of cemetery merchandise).
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