Service Corporation International's Board of Directors unanimously rejected the conditional resignation of Lead Independent Director Mr. Watts, who received less than a majority vote at the 2026 annual meeting. The Nominating and Corporate Governance Committee engaged with eleven institutional shareholders representing over 41% of outstanding shares, receiving feedback that supported his qualifications but highlighted concerns regarding specific governance changes. Consequently, the Board determined that accepting the resignation would be detrimental to shareholder interests and Mr. Watts will continue serving until the 2027 annual meeting or his successor is elected. Service Corporation International operates in the funeral services industry, providing pre-need funeral planning, cemetery plots, and related merchandise.
