Carriage Services Inc. CIO Resigns; Separation Agreement Filed

What Happened
Carriage Services, Inc. (CSV) announced that Rob Franch resigned as Chief Information Officer effective August 13, 2026. The company said the resignation was not due to any disagreement with management or the board. CSV has begun a search for a successor to maintain execution of its long‑term strategic objectives. The company and Mr. Franch entered a Release and Separation Agreement, which is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Resignation effective date: August 13, 2026. Filing under Item 5.02 (executive change).
• Separation Agreement terms include: continuation of certain salary payments for 12 months; payment of Mr. Franch’s 2026 target bonus pro‑rated for days employed in 2026 and based on full‑year company performance; option to elect up to 18 months of COBRA health coverage; and as‑needed consulting/transition assistance through December 31, 2026.
• The agreement terminates his prior employment agreement and contains customary release, confidentiality, non‑competition and non‑disparagement provisions, and is subject to a seven‑day revocation period.

Why It Matters
Executive turnover in the CIO role can affect IT projects and digital initiatives that support operations and growth. For investors, the filing clarifies that the departure was not due to a dispute and that the company expects a managed transition, including short‑term consulting by Mr. Franch. The financial impact is limited to the described separation payments and benefits (salary continuation, pro‑rated bonus, COBRA) and any transitional consulting costs — details are laid out in the filed separation agreement (Exhibit 10.1).