CARRIAGE SERVICES INC 8-K

What Happened

• Carriage Services, Inc. filed a Form 8‑K on May 6, 2026 announcing two items: (1) it entered into an Equity Distribution Agreement with Oppenheimer & Co. Inc. and Raymond James & Associates, Inc. to sell, from time to time, up to $100,000,000 of its common stock in “at‑the‑market” (ATM) or privately negotiated transactions; and (2) it issued a press release reporting its financial results for the quarter ended March 31, 2026 (attached as Exhibit 99.1).
• Under the Equity Distribution Agreement the Sales Agents will use commercially reasonable efforts to sell shares at prevailing market prices (or other agreed prices); they are not required to sell any specified amount and the Company may suspend or terminate the program at any time.

Key Details

• Offering capacity: up to $100,000,000 of common stock, to be sold ATM or in privately negotiated transactions.
• Sales agents: Oppenheimer & Co. Inc. and Raymond James & Associates, Inc.; commission up to 3.0% of gross proceeds.
• Registration: Shares will be issued under the Company’s Form S‑3ASR shelf registration (Registration No. 333‑295355); prospectus supplement filed May 6, 2026.
• Press release (May 6, 2026) discloses quarterly results and includes non‑GAAP measures with reconciliations under Regulation G.

Why It Matters

• The ATM agreement gives Carriage Services flexible, on‑demand access to capital markets, allowing the company to raise cash opportunistically without a fixed offering size or schedule. That can support growth, acquisitions, or balance‑sheet needs but could dilute existing shareholders if shares are sold.
• Fees (up to 3% commission) and reimbursable expenses will reduce net proceeds.
• The attached press release provides the company’s latest quarterly financial results (quarter ended March 31, 2026) and includes reconciliations for non‑GAAP metrics, which investors should review alongside the company’s GAAP disclosures.