UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 4, 2024 (December 3, 2024)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address, including zip code, of principal executive offices)
Registrant's telephone number, including area code:
(713 ) 332-8400
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On December 4, 2024, Carriage Services, Inc. (the “Company”), announced that effective January 2, 2025, John Enwright has been appointed to serve as the Company’s Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer).
Mr. Enwright, age 52, brings over twenty-five years of omnichannel retail experience leading financial, investor relations and strategic forecast and planning analysis teams at publicly traded companies. He most recently served as the Chief Financial Officer for Edible Brands, LLC. in 2024. Prior to that, Mr. Enwright served as Chief Financial Officer for Vera Bradley, Inc., a publicly traded retail company and leading designer of women’s handbags, luggage, and other accessories (“Vera Bradley”), from 2017 to 2023, leading its financial reporting, financial planning, M&A, treasury, real estate, investor relations and supply chain activities. Prior to 2017, Mr. Enwright served as Vera Bradley’s Vice President of Financial Planning and Analysis from 2015 to 2017, where he was responsible for financial planning and analysis and forecasting. Prior to joining Vera Bradley, he was Director of Finance – Americas for Tiffany and Company, where he held various roles of increasing responsibility from 1999 to 2014, which included leading, executing and advising on financial planning and analysis, treasury and continual business improvement activities. Mr. Enwright has an M.B.A. in Finance from Seton Hall University and a B.S. in Accounting from Montclair State University.
On December 3, 2024, the Company entered into an employment agreement with Mr. Enwright, effective January 2, 2025 (the “Employment Agreement”), pursuant to which he will be entitled to receive an annual base salary of not less than $425,000. Mr. Enwright will also be eligible for an annual performance bonus, depending upon the achievement of specific performance criteria. Mr. Enwright’s target cash bonus will be a minimum of 75% of his annual base salary. In addition, Mr. Enwright will be eligible to receive discretionary annual and long-term equity incentive awards. The Employment Agreement further provides Mr. Enwright with certain payments and benefits if his employment with the Company terminates as a result of death, disability, involuntary termination without cause (as defined in the Employment Agreement), or involuntary termination without cause, or termination for good reason, within a corporate change period (as defined in the Employment Agreement). Pursuant to the Employment Agreement, Mr. Enwright agreed to certain non-competition provisions during the term of his employment and for a period of twelve months thereafter.
The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
In connection with the appointment of Mr. Enwright as the Company’s Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer), effective January 2, 2025, Kathryn Shanley will cease serving, at that time, as the Company’s Interim Principal Financial Officer. Thereafter, Ms. Shanley will continue to serve as the Company’s Chief Accounting Officer (Principal Accounting Officer).
A copy of the press release announcing the matters described herein is attached as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit | Description | |||||||
| 10.1 | ||||||||
| 99.1 | ||||||||
| 101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | |||||||
104 | The cover page from this Current Report on Form 8-K, formatted as Inline XBRL | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Carriage Services, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CARRIAGE SERVICES, INC. | |||||||||||
| Dated: December 4, 2024 | By: | /s/ Steven D. Metzger | |||||||||
| Steven D. Metzger | |||||||||||
| President and Secretary | |||||||||||
Exhibit 99.1
 | |||||
Carriage Services Welcomes John Enwright as Senior Vice President, Chief Financial Officer and Treasurer
HOUSTON - December 4, 2024 - (GLOBE NEWSWIRE) Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) is excited to announce the appointment of John Enwright as Senior Vice President, Chief Financial Officer and Treasurer, effective January 2, 2025.
With more than 25 years of extensive financial leadership experience in omnichannel retail, Mr. Enwright brings a proven track record of driving results and fostering innovation at prominent publicly traded companies. Most recently, he served as Chief Financial Officer for Edible Brands, LLC, following a successful eight-year tenure at Vera Bradley, Inc., where he spent five years as Chief Financial Officer, following several years as Vice President of Financial Planning and Analysis. His earlier career at Tiffany & Company, where he spent 15 years, equipped him with invaluable expertise in financial planning, treasury, and business transformation.
Mr. Enwright’s strategic insights and extensive leadership experience will play a critical role as Carriage continues to focus on its three strategic objectives: disciplined capital allocation, purposeful growth, and relentless improvement. His appointment signals the Company’s commitment to building a best-in-class leadership team to drive its ambitious goals and continue its transformative growth story.
“We are excited to welcome John to Carriage,” said Carlos R. Quezada, Chief Executive Officer and Vice Chairman of the Board of Directors. “John’s dynamic leadership and deep financial expertise will be instrumental as we elevate Carriage to the next level of financial sophistication. His vision and strategic acumen will help us accelerate our growth, enhance operational excellence, and deliver premier experiences for our clients and communities. We are confident John’s contributions will strengthen our foundation and propel us toward achieving our long-term vision of success.
Carriage is poised for an exciting future, and John's addition underscores the Company’s relentless pursuit of excellence, innovation, and growth,” concluded Mr. Quezada.
About Carriage Services, Inc.
Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States and operates 162 funeral homes in 26 states and 31 cemeteries in 11 states. It is dedicated to delivering premier experiences through innovation, partnership, and elevated service. For more information, visit www.carriageservices.com.
Cautionary Statement on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which the Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These certain forward-looking statements include, but are not limited to, any projections or expectations related to Mr. Enwright’s appointment; any statements of the plans, strategies and objectives of management for future operations or financial activities, including, but not limited to, capital allocation, organizational performance, and execution of our strategic objectives and growth plan; any statements of belief; and any statements of assumptions underlying any of the foregoing, and are based on our current expectations and beliefs concerning future developments and their potential effect on the Company. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents of the Company on file with the SEC. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of the applicable communication and we undertake no obligation to publicly update or revise any forward-looking statements except to the extent
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Exhibit 99.1
required by applicable law. A copy of the Company’s most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other information about the Company and news releases, are available at http://www.carriageservices.com.
For more information, please contact InvestorRelations@carriageservices.
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