---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-015900"
form_type: "8-K"
ticker: "CSV"
cik: "0001016281"
company_name: "CARRIAGE SERVICES INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:05:28.736151+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carriage Services Q4 revenue up 5.2%; founder Payne steps down; strategic review ends with no sale

## Summary
- Q4 revenue $98.8M (+5.2% YoY); adj. EBITDA $32.4M (+13.2% YoY); adj. diluted EPS $0.77 vs $0.64.
- Full-year 2023 revenue $382.5M (+3.3%); adj. EBITDA $113.2M (+3.5%); GAAP net income $33.4M, down from $41.4M due to higher interest.
- Founder & Executive Chairman Mel Payne ceases role effective Feb 22, becomes special advisor; remains director until May 2024 meeting.
- Board concludes strategic review; unanimously decides to remain independent after receiving but rejecting multiple proposals.
- 2024 outlook: revenue $380-390M, adj. EBITDA $112-118M, adj. diluted EPS $2.20-2.30; includes two non-core divestitures.

## SEC filing metadata
- accession: 0001213900-24-015900
- form_type: 8-K
- ticker: CSV
- cik: 0001016281
- company_name: CARRIAGE SERVICES INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 1.02, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1016281/000121390024015900/0001213900-24-015900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1016281/000121390024015900/ea0200435-8k_carriage.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-015900
- JSON: https://secwatch.observer/filing/0001213900-24-015900.json
- Plain text: https://secwatch.observer/filing/0001213900-24-015900.txt

## Key facts
- Earnings Releases
  CARRIAGE SERVICES INC reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: Carriage Services, Inc. (NYSE: CSV) today announced results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016281/000121390024015900/0001213900-24-015900-index.htm
- Executive change
  Melvin C. Payne changed role as Executive Chairman of the Board at CARRIAGE SERVICES INC.
  - Action: cease to serve
  - Role: Executive Chairman of the Board
  source text: on February 22, 2024 (the “Transition Date”), Melvin C. Payne, the Company’s founder and former Chief Executive Officer, will cease to serve as Executive Chairman of the Board of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016281/000121390024015900/0001213900-24-015900-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.