SCI Board rejects director Watts' resignation after shareholder engagement

SERVICE CORP INTERNATIONAL

Mr. Watts received less than a majority of votes at 2026 annual meeting; tendered conditional resignation.
Board unanimously rejected resignation after Committee considered feedback from 11 shareholders representing >41% of shares.
Shareholders expressed no concerns about Watts' fitness; voted against him due to governance changes.
ISS and Glass Lewis recommended against Watts as Chair of Nominating and Corporate Governance Committee.
Watts will continue as director until 2027 annual meeting or earlier succession.

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