Form 8-K Filing: Director Resignation Offer Rejection

Service Corporation International (SCI) reported on July 29, 2026, that its Board of Directors unanimously rejected the conditional resignation of Lead Independent Director Mr. Watts. Mr. Watts had offered his resignation following a failure to receive a majority of votes cast at the annual meeting, as per the company's Majority Voting Policy. The Nominating and Corporate Governance Committee engaged with major shareholders, who indicated that their vote against Mr. Watts was not due to concerns about his qualifications but rather about certain governance changes adopted by the Board. Proxy advisors ISS and Glass Lewis also recommended against Mr. Watts in his capacity as Chair of the Committee due to these governance changes. The Committee and Board, after considering shareholder feedback, Mr. Watts' qualifications, and his past and expected contributions, concluded that his continued service is in the best interests of the company and its shareholders. Mr. Watts will continue to serve until the 2027 annual meeting.