Carriage Services, Inc. announced on March 7, 2024, upon the recommendation of the Corporate Governance Committee of the Company, the Board of Directors realigned the Company?s classes of directors to provide for equal apportionment among the three classes as a result of the previous announcement of Melvin C. Payne, the Company?s former Chief Executive Officer and current Class I director, that he will remain on the Board until the Company?s 2024 annual meeting of stockholders, at which time his term will expire. To facilitate the class realignment, on March 7, 2024, Julie Sanders resigned from the Board as a Class II director (term expiring in 2025), and, effective as of March 7, 2024, was re-elected by the Board to serve as a Class I director until the Company?s 2024 annual meeting of shareholders. Ms. Sanders will continue to serve on the Audit, Compensation Committee and Corporate Governance Committees of the Board.

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 began her career at KPMG, LLP. Ms. Sanders holds a B.B.A. in Accounting from Baylor University and is a Certified Public Accountant. Ms. Sanders, 55, has served as a member of the Board since 2023, when she was elected as a Class II director.

On March 7, 2024, upon the recommendation of the Corporate Governance Committee of the Company, the Board elected Chad Fargason to serve as the Company?s first Non-Executive Chairman of the Board, effective on that date. The election of Mr. Fargason as the Board?s Non-Executive Chairman was as a result of the previous announcement of Mr. Payne, the Company?s former Chief Executive Officer, ceasing to serve as Executive Chairman of the Board of the Company, effective February 22, 2024. Mr. Fargason joined the Company?s Board in 2023 and has served as the Chairman of the Corporate Governance Committee since 2023.