Carriage Services concludes review of strategic alternatives

Carriage Services’ Board has concluded the company’s strategic review process, first announced on June 29, 2023. The Board has unanimously determined that continuing to execute on the company’s strategic plan as an independent, public company is in the best interests of the company and its stockholders at this time. In this regard, the Board’s determination took into account positive trends described above in the company’s financial and operating results toward the end of 2023. Following a review and evaluation of the proposals and alternatives available to the company, the Board concluded that none of those proposals would be in the best interests of the company’s stockholders. The Board endorsed the company’s continued execution of its standalone business plans as an independent publicly held company under the leadership of Carlos Quezada as CEO, Steve Metzger as President and Kian Granmayeh as CFO, as well as leadership from the company’s Board, which added three talented new directors during the summer of 2023.