Carriage Services ends $100M stock offering program

Carriage Services had not sold any shares through the program before termination and was not subject to termination penalties.

Rhea-AI Filing Summary

Carriage Services, Inc. (CSV) terminated its Equity Distribution Agreement with Oppenheimer & Co. Inc. and Raymond James & Associates, Inc. on October 4, 2026. Under the agreement, the company could sell common stock in at-the-market offerings with an aggregate offering price of up to $100 million.

Before termination, Carriage Services had not sold any shares under the program and was not subject to termination penalties.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

Maximum ATM offering price: Up to $100 million Shares sold under ATM program: No shares Agreement date: May 6, 2026 +1 more

4 metrics

Maximum ATM offering price Up to $100 million Aggregate offering price permitted under the agreement

Shares sold under ATM program No shares Before termination

Agreement date May 6, 2026 Equity Distribution Agreement

Termination date October 4, 2026 Equity Distribution Agreement

Key Terms

at-the-market, Equity Distribution Agreement, aggregate offering price

3 terms

at-the-market financial

"in “at-the-market” offerings"

"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.

Equity Distribution Agreement financial

"terminated its Equity Distribution Agreement dated May 6, 2026"

An equity distribution agreement is a formal plan between a company and financial institutions to sell newly issued shares of the company's stock to investors over a period of time. It helps the company raise money gradually, similar to filling a container with water in stages, rather than all at once. For investors, it provides an organized way to buy shares and can influence the stock's supply and price.

aggregate offering price financial

"having an aggregate offering price of up to $100 million"

The aggregate offering price is the total dollar amount that will be raised if all the securities in an offering are sold at the stated offering price, before fees or expenses are taken out. Investors use it to gauge the size of the fundraising and its potential effects—such as how much cash the company will get and how much existing ownership might be reduced—similar to totaling every item’s price in a shopping cart to see the full bill.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the maximum amount CSV could sell through its ATM program?

Carriage Services could sell common stock with an aggregate offering price of up to $100 million in at-the-market offerings through or to Oppenheimer & Co. Inc. and Raymond James & Associates, Inc.

Did CSV sell shares under the ATM program before termination?

No. Carriage Services had not sold any shares of common stock under the program before terminating the agreement on October 4, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 04:33 PM Accepted by SEC EDGAR 10/05/2026 - 04:33 PM Learn about SEC filing dates

0001016281False00010162812026-10-042026-10-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 4, 2026

Carriage Services, Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-11961

76-0423828

(State or other jurisdiction    of incorporation)

(Commission    File Number)

(IRS Employer    Identification No.)

3040 Post Oak Boulevard, Suite 300

Houston, Texas 77056

(Address, including zip code, of principal executive offices)

Registrant's telephone number, including area code:

     (713) 332-8400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, par value $.01 per share			CSV			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

                                         Emerging growth company ☐

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 accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

On October 4, 2026, the Company terminated its Equity Distribution Agreement dated May 6, 2026 (the “Equity Distribution Agreement”), by and between the Company, Oppenheimer & Co. Inc. (“Oppenheimer & Co.”) and Raymond James & Associates, Inc. (“Raymond James” and together with Oppenheimer & Co., the “Sales Agents”). As previously reported, pursuant to the terms of the Equity Distrbution Agreement, the Company could sell shares of its common stock, par value $0.01 per share (“Common Stock”), having an aggregate offering price of up to $100 million in “at-the-market” offerings through or to the Sales Agents (the “ATM Program”). The Company is not subject to any termination penalties related to the termination of the Equity Distribution Agreement. Prior to the termination, the Company has not sold any shares of Common Stock under the ATM Program.

     The foregoing description of the Equity Distribution Agreement is not complete and is qualified in its entirety by reference to the full text of the the Equity Distribution Agreement, a copy of which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 6, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 5, 2026

			CARRIAGE SERVICES, INC.
			By:			/s/ John Enwright
						John Enwright
						Senior Vice President, Chief Financial Officer and Treasurer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 23.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 13.9 KB