Carriage Services Inc 2024年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended,December31, 2024 orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number:1-11961________________________________________________ 3040 Post Oak Boulevard,Suite 300Houston,Texas,77056(Address of principal executive offices)(713)332-8400 (Registrant’s telephone number, including area code) Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934.Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and postedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post suchfiles).Yes☒No☐ Largeacceleratedfiler☐Accelerated filer☒Non-accelerated filer☐Smallerreportingcompany☐Emerging growthcompany☐ 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 accountingstandards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reportingunder Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ The number of shares of the registrant’s Common Stock, $.01 par value per share, outstanding as of February24, 2025 was15,649,702. DOCUMENTS INCORPORATED BY REFERENCE_____________________________________ Table of Contents PartI Item1.BusinessItem1A.Risk FactorsItem1B.Unresolved Staff CommentsItem1C.CybersecurityItem2.PropertiesItem3.Legal ProceedingsItem4.Mine Safety Disclosures Part II Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities23Item 6.[Reserved]25Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item7A.Quantitative and Qualitative Disclosures About Market Risk39Item 8.Financial Statements and Supplementary Data41Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure92Item 9A.Controls and Procedures92Item 9B.Other Information94Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspection94 Item 10.Directors, Executive Officers and Corporate Governance94Item 11.Executive Compensation95Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters95Item 13.Certain Relationships and Related Transactions and Director Independence95Item 14.Principal Accountant Fees and Services95 Part IV Item 15.Exhibits and Financial Statement SchedulesItem 16.Form 10-K Summary Signatures101 CAUTIONARY NOTE Certain statements and information in this Annual Report on Form 10-K (this “Form 10-K”) may constitute “forward-lookingstatements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historicalinformation, should be deemed to be forward-looking statements. Words such as “may”, “will”, “estimate”, “intend”, “believe”, “expect”,“seek”, “project”, “forecast”, “foresee”, “should”, “would”, “could”, “plan”, “anticipate” and other similar words or expressions may beused to identify forward-looking statements; however, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding any projections of earnings, revenue, cashflow, investment returns, capital allocation, debt levels, equity performance, death rates, market share growth, cost inflation, overhead,including talent recruitment, field and corporate incentive compensation, preneed sales or other financial items; any statements of the plans,strategies, objectives and timing of management for future operations or financing activities, including, but not limited to, capital allocation,organizational performance, execution on our strategic objectives and growth