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<ACCESSION-NUMBER>0000912057-02-028365
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20020723
<ITEMS>5
<ITEMS>7
<FILING-DATE>20020724
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CARRIAGE SERVICES INC
<CIK>0001016281
<ASSIGNED-SIC>7200
<IRS-NUMBER>760423828
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-11961
<FILM-NUMBER>02709907
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1300 POST OAK BLVD STE 1500
<CITY>HOUSTON
<STATE>TX
<ZIP>77056
<PHONE>2815567400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1300 POST OAK BLVD
<CITY>HOUSTON
<STATE>TX
<ZIP>77056
</MAIL-ADDRESS>
</FILER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2085144z8-k.htm
<DESCRIPTION>8-K
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<FONT SIZE=3 ><A HREF="#02HOU1559_1">QuickLinks</A></FONT>
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<P ALIGN="CENTER"><FONT SIZE=4><B>SECURITIES AND EXCHANGE COMMISSION  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Washington, D.C. 20549 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>FORM 8-K  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B> CURRENT REPORT  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of
1934</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Date of Report (Date of earliest event reported): July&nbsp;23, 2002 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>Carriage Services,&nbsp;Inc.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in is charter) </FONT></P>

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<TD WIDTH="35%" ALIGN="CENTER"><FONT SIZE=2><B>Delaware<BR> </B></FONT><FONT SIZE=2>(State or other jurisdiction<BR>
of incorporation)</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="CENTER"><FONT SIZE=2><B>1-11961<BR> </B></FONT><FONT SIZE=2>(Commission<BR>
File Number)</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="CENTER"><FONT SIZE=2><B>76-0423828<BR> </B></FONT><FONT SIZE=2>(I.R.S.&nbsp;Employer<BR>
Identification&nbsp;No.)</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>1900
St. James Place, 4<SUP>th</SUP> Floor<BR>
Houston, Texas 77056<BR>
(Address, including zip code, of principal executive offices) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Registrant's
telephone number, including area code:<BR>
(713)&nbsp;332-8400 </FONT></P>

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<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item 5. </FONT><FONT SIZE=2><B>Other Events</B></FONT></P>

<P><FONT SIZE=2>On
July&nbsp;23, 2002, Carriage Services,&nbsp;Inc. ("Carriage") announced the resignation of Thomas C. Livengood, Executive Vice President and Chief Financial Officer, effective July&nbsp;31,
2002, and announced certain other matters, as more fully described in the press release filed as Exhibit&nbsp;99.1 to this Current Report on Form&nbsp;8-K. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item
7. </FONT><FONT SIZE=2><B>Financial Statements and Exhibits.</B></FONT></P>

<P><FONT SIZE=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits
</FONT></P>

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<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="89%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
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<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>99.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2>Press release dated July 23, 2002.</FONT></TD>
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NAME="jc1559_signature"> </A>
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<BR></FONT><FONT SIZE=2><B>SIGNATURE    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, Carriage Services,&nbsp;Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </FONT></P>

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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>CARRIAGE SERVICES,&nbsp;INC.</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
Date: July&nbsp;24, 2002</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TERRY E. SANFORD</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Terry E. Sanford<BR></FONT> <FONT SIZE=2><I>Vice President and Corporate Controller</I></FONT></TD>
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<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>99.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2>Press release dated July 23, 2002.</FONT></TD>
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<FONT SIZE=2><A HREF="#toc_jc1559_1">SIGNATURE</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_je1559_1">INDEX TO EXHIBITS</A></FONT><BR>
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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 99.1  </B></FONT></P>

<P><FONT SIZE=3><B>[CARRIAGE SERVICES LOGO]  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=5><B>PRESS RELEASE  </B></FONT></P>

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<TD WIDTH="19%"><FONT SIZE=2>Contacts:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Mel Payne, Chairman&nbsp;&amp; CEO<BR>
Carriage Services,&nbsp;Inc.<BR>
713-332-8400</FONT></TD>
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<TD WIDTH="42%"><FONT SIZE=2><B>FOR IMMEDIATE RELEASE</B></FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="42%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
Ken Dennard / kdennard@easterly.com<BR>
Lisa Elliott / lisae@easterly.com<BR>
Easterly Investor Relations<BR>
713-529-6600</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=3><B>CARRIAGE SERVICES ANNOUNCES MANAGEMENT CHANGE<BR>
AND AFFIRMS GUIDANCE  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><I>Company Also Announces Second Quarter Conference Call Schedule</I></FONT></P>

<P><FONT SIZE=2>JULY
23, 2002&#151;HOUSTON&#151;Carriage Services,&nbsp;Inc. (NYSE: CSV) today announced that its chief financial officer, Thomas Livengood, plans to leave the company on
July&nbsp;31, 2002 to pursue other career interests. He will remain available on a consulting basis through December&nbsp;2003. On an interim basis, the position will be filled by W. Clark Harlow,
Treasurer and principal financial officer, and Terry Sanford, Controller and chief accounting officer, together acting as co-chief financial officer until a search for a replacement is
completed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mel
Payne, chairman and chief executive officer, said, "Tom and I have been through a lot together, including the rapid acquisition period after going public in 1996 and the turnaround
period beginning in 2000. His contributions toward the success of our Fresh Start restructuring program have helped put the company on firm financial ground so that he can leave the company knowing
that his hard work has made a difference. We wish Tom the best in his future endeavors. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Clark
and Terry have each been with Carriage for five years and are highly capable of handling our financial and accounting affairs while we search for a proven financial and business
leader to complete our Fresh Start program and position the company for future growth." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally,
Carriage reaffirmed today its previous guidance for the second quarter of 2002. Revenues are expected to range between $36&nbsp;million to $38&nbsp;million, EBITDA to
range between $9&nbsp;million and $10&nbsp;million, and earnings to range between $0.07 to $0.09 per share. For the full year 2002, Carriage continues to expect revenues to range between
$150&nbsp;million to $155&nbsp;million, EBITDA to range between $41&nbsp;million and $43&nbsp;million, earnings to range between $0.42 to $0.45 per share excluding the special tax benefit
reported in the first quarter of $12.8&nbsp;million, or $0.73 per share, and free cash flow from operations to range between $0.79 to $0.82 per share. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Payne
added, "We intend to be a leader in transparency of our accounting so that the reasons for our financial and operating results are clear, which will involve greater
disclosure than companies in our industry have traditionally provided. Our new independent public accounting firm is KPMG, a firm that brings strong industry knowledge to our company. We will also
work on rolling out and improving over time a forward-looking enhanced outlook with more data, both financial and non-financial, that will enable our shareholders to better understand the
drivers that produce our financial results, especially our cash flows and balance sheets. Our first enhanced outlook will be issued later this year or early next year and will cover 2003 and 2004. </FONT></P>

<P><FONT SIZE=2><B><I>Second Quarter Conference Call Information  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carriage
Services will release second quarter results on Friday, July&nbsp;26, 2002 at 6:00&nbsp;a.m. eastern time. Management has scheduled a conference call for Friday,
July&nbsp;26, 2002 at 10:30&nbsp;a.m. eastern time. </FONT></P>

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<P><FONT SIZE=2>
To participate in the call, dial 303-262-2193 at least ten minutes before the conference call begins and ask for the Carriage Services conference call. A replay of the call
will be available approximately two hours after the live broadcast ends and will be accessible until August&nbsp;2, 2002. To access the replay, dial 303-590-3000 and enter
the pass code 485674. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investors,
analysts and the general public will also have the opportunity to listen to the conference call free over the Internet by visiting http://www.easterlyir.com. To listen to the
live call on the web, please visit the website at least fifteen minutes early to register, download and install any necessary audio software. For those who cannot listen to the live webcast, an
archive will be available shortly after the call. For more information, please contact Lisa Elliott at Easterly Investor Relations at (713)&nbsp;529-6600 or email lisae@easterly.com.
Carriage Services is the fourth largest publicly traded death care company. As of July&nbsp;23, 2002, Carriage operates 149 funeral homes and 30 cemeteries in 29 states. </FONT></P>

<P><FONT SIZE=2>Certain statements made herein or elsewhere by, or on behalf of, the Company that are not historical facts are intended to be forward-looking statements within
the meaning of Section&nbsp;27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions that
the Company believes are reasonable; however, many important factors, as discussed under "Forward-Looking Statements and Cautionary Statements" in the Company's Annual Report and
Form&nbsp;10-K for the year ended December&nbsp;31, 2001, could cause the Company's results in the future to differ materially from the forward-looking statements made herein and in
any other documents or oral presentations made by, or on behalf of, the Company. The Company assumes no obligation to update or publicly release any revisions to forward-looking statements made herein
or any other forward-looking statements made by, or on behalf of, the Company. A copy of the Company's Form&nbsp;10-K, and other Carriage Services information and news releases, are
available at www.carriageservices.com. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2># # # </FONT></P>

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