{"schema_version":"secwatch.filing_event.v1","accession":"0001016281-22-000123","form_type":"8-K","ticker":"CSV","cik":"0001016281","company_name":"CARRIAGE SERVICES INC","filed_at":"2022-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.241303+00:00","generated_at":"2026-06-21T05:54:47.233839+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Carriage Services launches HPCPRP plan, targets 2024 revenue $390-400M, acquires Greenlawn","bullets":["Definitive agreement to acquire Greenlawn Funeral Homes and Cemeteries (Bakersfield, CA); expected close early 2023; proforma 2023 revenue ~$23-24M, EBITDA ~$8-9M.","2024 goals: Total Revenue $390-400M, Consolidated EBITDA $120-126M, GAAP diluted EPS $2.95-$3.05, leverage target 4.0-4.3x Debt/EBITDA.","Amended $250M credit facility raises leverage covenant to 6.0x through June 2023; higher interest rate spreads; $194.3M outstanding post-amendment.","No share repurchases or dividend increases until leverage below 4.25x; plan to cut borrowings by $90-100M from Q1 2023 peak to end-2024.","CEO assumes responsibility for prior aggressive share buybacks; stock fell below $25 before the plan's announcement."],"urls":{"canonical":"https://secwatch.observer/filing/0001016281-22-000123","json":"https://secwatch.observer/filing/0001016281-22-000123.json","markdown":"https://secwatch.observer/filing/0001016281-22-000123.md","text":"https://secwatch.observer/filing/0001016281-22-000123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1016281/000101628122000123/0001016281-22-000123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1016281/000101628122000123/csv-20221212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T05:54:47.233839+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ec218e368c30443671d739cd40c5ad29eb878cb4","claim":"CARRIAGE SERVICES INC amended Credit Agreement Amendment with the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent (effective 2022-12-09).","evidence_excerpt":"On December 9, 2022, Carriage Services, Inc. (the “ Company ”) entered into a third amendment (the “ Credit Agreement Amendment ”) to its first amended and restated credit agreement dated May 13, 2021 (as amended, the “ Amended Credit Agreement ”), with the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1016281/000101628122000123/0001016281-22-000123-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent"},{"label":"Effective","value":"2022-12-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}