On February 22, 2023, the Board of Directors of Carriage Services, Inc. elected Carlos R. Quezada, President and Chief Operating Officer of the Company, to serve as a Class II director, effective immediately, until the Company's 2025 annual meeting of stockholders. The Board also appointed Mr. Quezada to serve as Vice Chairman of the Board. Mr. Quezada joined the Company in June 2020 as Vice President of Cemetery Sales and Marketing and was subsequently promoted to Senior Vice President of Sales and Marketing.

On June 1, 2021, Mr. Quezada was subsequently appointed Executive Vice President and Chief Operating Officer and, on February 23, 2022, the Company's Board appointed Mr. Quezada to serve in his current role as the Company's President and Chief Operating Officer. Prior to joining the Company, Mr. Quezada served as a Managing Director for Service Corporation International from 2009 to 2020, where he held leadership roles for both sales and operations. Mr. Quezada joined the deathcare industry after serving in the hospitality industry for more than 20 years where he held a variety of leadership roles, including Chief Operating Officer, President and Chief Executive Officer for privately held multiunit companies.

Mr. Quezada has a Masters in Management from Tulane University and an MBA with an emphasis in Finance from Universidad Francisco Marroquin. There are no family relationships between Mr. Quezada and any officer or other director of the Company, and there have been no transactions, nor are there any proposed transactions, between Mr. Quezada and the Company or any of its subsidiaries that would require disclosure pursuant to Item 404(a) of Regulation S-K. There is no arrangement or understanding between Mr. Quezada and any other person pursuant to which he was appointed as a director. Mr. Quezada will not receive any additional compensation as a result of his appointment to the Board.

Mr. Quezada will serve as a non-independent member of the Board, and the Board does not expect to appoint Mr. Quezada to any of its standing committees. Following the appointment of Mr. Quezada, the Board is now comprised of six directors, including four independent directors.