On July 5, 2023, pursuant to the authority granted to the Board of Directors by the Amended and Restated Bylaws of Carriage Services, Inc. the Board increased the size of the Board from six to seven directors, and upon the recommendation of the Corporate Governance Committee, elected Somer Webb to serve as a Class I Director until the Company’s 2024 annual meeting of shareholders. The Board has determined that Ms. Webb qualifies as an “independent” director of the Company under the applicable New York Stock Exchange listing standards. Ms. Webb was appointed to serve each of the Audit and Corporate Governance Committees, along with being appointed Chair of the Compensation Committee in connection with the current Compensation Committee Chairman, Barry K. Fingerhut, stepping down as Chair of the Committee, effective July 5, 2023.

There are no family relationships between Ms. Webb and any directors or officers of the Company, and there have been no transactions, nor are there any proposed transactions, between the Company and Ms. Webb that would require disclosure pursuant to Item 404(a) of Regulation S-K. Ms. Webb has over 15 years of financial leadership experience, along with extensive experience in financial planning and analysis, M&A, and driving organic growth through business intelligence insights. Ms. Webb currently serves as Chief Financial Officer (“CFO”) of Solo Brands, Inc., a publicly traded, direct-to-consumer platform company for rapidly growing outdoor and lifestyle brands. Prior to her CFO appointment in May 2022, Ms. Webb was previously CFO for Kent Outdoors, a sporting goods manufacturer, from January 2022 to May 2022.

Prior to Kent Outdoors, Ms. Webb spent six years with Worldwide Express, a global logistics provider, where she held a variety of roles of increasing responsibility beginning in 2016 and ultimately served as CFO from February 2019 to January 2022. Before joining Worldwide Express, Ms. Webb held leadership positions at Southwest Airlines, DaVita Healthcare Partners, Match Group, Amazon, and Yum Brands. Ms. Webb holds a B.B.A. in Management Information Systems from Baylor University and an M.B.A. from The University of Texas at Arlington.

Concurrently with the election, the Board granted Ms. Webb 769 shares of the Company’s common stock under the Company’s Director Compensation Policy applicable to non-employee directors as described in Exhibit 10.2 of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2023, which was valued at approximately $25,000 based on the closing price on July 5, 2023.