On July 24, 2023, Barry K. Fingerhut, a member of the Carriage Services, Inc.'s Board of Directors, provided notice of his resignation from the Board of the Company, effective on July 25, 2023. The Company is grateful for Mr. Fingerhut?s service on the Board since 2012, including his service as Chair of the Compensation Committee and as a member of the Audit Committee and the Corporate Governance Committee. On July 25, 2023, pursuant to the authority granted to the Board by the Company?s Amended and Restated Bylaws, and upon the recommendation of the Corporate Governance Committee, the Board elected Julie Sanders to serve as a Class II Director until the Company?s 2025 annual meeting of shareholders.

The Board has determined that Ms. Sanders qualifies as an ?independent? director of the Company under the applicable New York Stock Exchange listing standards. Ms. Sanders, 55, will serve on each of the Audit, Compensation and Corporate Governance Committees.

As a result of Mr. Fingerhut?s resignation from the Board and Ms. Sander?s subsequent election to the Board, the Board size remains at seven directors. Ms. Sanders has over 30 years of financial and audit leadership experience, along with extensive experience in transformative initiatives as it relate to financial systems, including the development and implementation of large-scale enhancements and capabilities. Ms. Sanders currently serves as Senior Vice President and Chief Audit Executive at Dell Technologies.

Ms. Sanders joined Dell in 2002, and has held a variety of finance, accounting and management roles. Prior to her Chief Audit Executive appointment in 2021, Ms. Sanders was previously Senior Vice President, Global Auditing & Consulting, from 2018 to 2021, and Senior Vice President, Global Revenue, from 2014 to 2018, for Dell. In these leadership roles, Ms. Sanders was responsible for global revenue recognition, revenue operations and global accounting, along with overseeing financial planning and analysis for Dell?s commercial business.

Before joining Dell, Ms. Sanders served as Chief Financial Officer for Jardine Foods and Merinta, and also held accounting and finance management positions at Bear Stearns and J. Crew. Ms. Sanders holds a B.B.A. in Accounting from Baylor University and is a Certified Public Accountant.