On May 17, 2022, Carriage Services, Inc. held its 2022 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, a greater number of votes were withheld than were voted for Bryan D. Leibman's election to the Board of Directors (the “Board”). In accordance with the Company's Second Amended and Restated By-laws, effective May 17, 2022, Mr. Leibman promptly tendered, and the Board accepted, his resignation.

Mr. Leibman's resignation was not a result of any disagreement with the Company on any matter related to its operations, policies or practices. Effective with Mr. Leibman's resignation, the Board appointed Donald D. Patteson, Jr. as Lead Independent Director.