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.