Director Snapshot

2019 Director Nominees and Continuing Directors

The Nominating and Corporate Governance Committee of the Board of Directors requires that certain general qualifications are met in order to serve on the Board. The Board believes that each of the nominees presented as well as the continuing Directors possess these general qualifications. In addition to the general qualifications, there are other unique qualifications important to serve on our Board which are outlined in the table below. The mix of general and unique qualifications combined with each nominee's background, experience, and expertise allows us to have an effectively functioning Board that is well-equipped in its oversight capacity as stewards of the Company.

The following table describes the specific qualifications of our Board and desired skills and experience:

CEO Experience/Senior Leadership 

Directors who have held significant leadership positions over an extended period, especially CEO positions, generally possess extraordinary leadership qualities and demonstrate a practical understanding of organizations, processes, strategy, and risk management, and know how to drive change and growth.

Marketing/Brand Management

We employ a multi-brand strategy and also rely heavily on marketing our products and services on a preneed basis. Directors with marketing experience and/or brand management experience provide expertise and guidance as we seek to expand brand awareness, enhance our reputation, and increase preneed sales.

Financial

SCI uses a broad set of financial metrics to measure its performance. Accurate financial reporting and robust auditing are critical to our success. We expect all of our Directors to have an understanding of finance, financial reporting processes, and internal controls.

Industry

The funeral and cemetery industry is unique. Directors with prior industry experience can help shape and develop all aspects of the Company’s strategy.

Investments/Financial Services

Knowledge of financial markets, investment activities, and trust and insurance operations assists our Directors in understanding, advising on, and overseeing our investment strategies. Our current trust investments include $6.5 billion in preneed funeral and cemetery trusts and related receivables that is part of our $12.0 billion backlog of future revenue.

Real Estate/Business Development/Mergers and Acquisitions (M&A) 

We own a significant amount of real estate. Directors with experience in real estate provide insight into our tiered product/pricing strategy for our cemeteries as well as advice on best uses of our real estate. We seek to grow through acquisitions and development of new business operations. Directors with backgrounds in business development and M&A provide insight into developing and implementing strategies for growing our business.

Technology or e-Commerce

Directors with education or experience in relevant technology are useful for understanding our efforts of enhancing the customer experience as well as improve our internal processes and operations.

Government/Legal

We operate in a heavily regulated industry. Directors with backgrounds in law or in government positions provide experience and insights that assist us in legal and regulatory compliance matters and in working constructively with governmental and regulatory organizations.

 

Proposal 1: Election of Directors

At the 2018 Annual Meeting, shareholders voted to declassify the Board of Directors. Directors with expiring terms began to be elected to one-year terms of office starting at the 2019 Annual Meeting of Shareholders. Set forth below are profiles for each of the seven candidates nominated by the Nominating and Corporate Governance Committee of the Board of Directors for election by shareholders at this year’s Annual Meeting each with one-year terms expiring in 2021. Directors are elected by a majority of votes cast.

The Board of Directors recommends that Shareholders vote "FOR" the following seven nominees.

Director Nominees

Alan R. Buckwalter
Former Chairman and CEO, Chase Bank of Texas

Chair of: Compensation Committee

Member of: Executive Committee, Investment Committee

Independent: YES

Age: 73

Director Since: 2003

Other Public Boards*: None

Qualifications **: CEO Experience/Senior Leadership, Industry, Financial, Investments/Financial Services

Director Summary: Alan Buckwalter's extensive corporate finance and banking experience provides the Board with valuable financial and investment management insights. He is an insightful resource for relevant strategy and risk management gained from his many years in senior executive roles. His tenure with the Board allowed him to develop a robust understanding of our unique industry. Furthermore, he possesses significant corporate governance knowledge developed by current and past service on the boards of other publicly traded companies.

Jakki L. Haussler
Founder and Chairwoman of the Board and Former CEO, Opus Capital Management

Member of: Audit Committee, Investment Committee

Independent: YES

Age: 62

Director Since: 2018

Other Public Boards*: 2

Qualifications**: CEO Experience/Senior Leadership, Financial, Investments/Financial Services, Real Estate/Business Development/M&A

Director Summary: Jakki Haussler has expertise in finance, portfolio management, and senior leadership experience as founder and Chairwoman of Opus Capital Management. Her expertise and experience provides background in investments and equity funds. Her experience as Partner in Adena Ventures provides insight into business development and M&A activity. Her other board positions have given her exposure to different industries and approaches to governance and issue resolution.

Victor L. Lund
Interim President and CEO and former Executive Chairman of the Board, Teradata Corporation

Chair of: Audit Committee

Member of: Executive Committee, Nominating & Corporate Governance Committee

Independent: YES

Age: 72

Director Since: 2000

Other Public Boards*: 1

Qualifications**: CEO Experience/ Senior Leadership, Financial, Investments/Financial Services, Technology or e-Commerce

Director Summary: Victor Lund's years of senior executive experience and leadership such as his current position as Interim President and CEO of Teradata provide the Board with invaluable experience in technology and technological processes. As a former auditor who also worked in various corporate finance positions, he demonstrates an extensive understanding of financial reporting and auditing practices. Furthermore, his service on other boards provide SCI with valuable corporate governance expertise, which is of particular benefit to SCI in his role as Audit Committee Chair.

Clifton H. Morris, Jr.
Chairman and CEO of JBC Funding, a corporate lending and investment firm

Member of: Audit Committee, Nominating & Corporate Governance Committee

Independent: YES

Age: 84

Director Since: 1990

Other Public Boards*: None

Qualifications**: CEO Experience/ Senior Leadership, Financial, Investments/Financial Services, Real Estate/Business Development/M&A

Director Summary: Cliff Morris' background in finance and senior leadership experience is evidenced through his position as founder and Chairman of AmeriCredit Corp. As a CPA with 58 years of experience, he possesses extensive insight into finance, accounting, and auditing standards and practice. Further, he possesses significant corporate governance knowledge developed by past service on other boards of other publicly traded companies.

Ellen Ochoa
Former Director of NASA and Independent Director and Speaker

Member of: Compensation Committee, Investment Committee

Independent: YES

Age: 61

Director Since: 2015

Other Public Boards*: None

Qualifications**: CEO Experience/ Senior Leadership, Investments/Financial Services, Technology or e-Commerce, Government/Legal

Director Summary: Ellen Ochoa's background with NASA and other governmental entities provides the Board with extensive technology and government/legal experience and insight. The senior leadership experience gained through her role as Director of NASA’s Johnson Space Center provide the Board with strategic planning, management of large projects, personnel development, and capital allocation expertise. Her many other positions include oversight capacities such as financial stewardship and organizational governance.

Thomas L. Ryan
President, Chairman, and CEO, Service Corporation International

Chair of: Executive Committee

Independent: NO

Age: 54

Director Since: 2004

Other Public Boards*: 2

Qualification**: CEO Experience/ Senior Leadership, Industry, Financial, Real Estate/Business Development/M&A

Director Summary: Tom Ryan's current 24-year career with SCI has instilled a deep understanding of our industry and strategic insights as well as strong leadership skills. He has demonstrated operational execution to long-term strategic direction, including leadership in significant acquisition and capital allocation decision-making, as well as risk management. His service on two other publicly traded company boards has given him valuable insight into corporate governance and diverse approaches to key issues.

W. Blair Waltrip
Independent consultant, family and trust investments, and former Senior Executive of the Company

Chair of: Investment Committee

Independent: NO

Age: 65

Director Since: 1986

Other Public Boards*: None

Qualifications**: Industry, Financial, Investments/Financial Services, Real Estate/Business Development/M&A

Director Summary: Blair Waltrip's experience includes various corporate finance roles at SCI, demonstrating a solid understanding of mergers and acquisitions, real estate and investment management. His tenure as EVP/COO at SCI has allowed him to develop a robust understanding of our unique industry. Further, he possesses corporate governance knowledge developed by past service on the board of another publicly traded company.

Continuing Directors

Directors elected at the 2018 Annual Meeting of Shareholders were elected to three-year terms expiring at the annual meeting in 2021 (except for Jakki Haussler, who was nominated to join the class of Directors whose term expires in 2019). Directors currently serving three-year terms will serve the remainder of their respective terms, and thereafter they or their successors will be elected to one-year terms. After the 2021 Annual Meeting of Shareholders, all Directors will stand for election annually. Below are the profiles of the continuing Directors who will be eligible for re-election starting next year.

Anthony L. Coelho, Lead Independent Director
Former Majority Whip of the U. S. House of Representatives
Independent business and political consultant

Member of: Compensation Committee, Executive Committee, Nominating & Corporate Governance Committee

Independent: YES

Age: 77

Director Since: 1991

Other Public Boards*: 2

Qualifications**: CEO Experience/ Senior Leadership, Financial, Government/Legal, Investments/Financial Services

Director Summary: Tony Coelho's successful role as President and CEO of a multi-billion financial services company provides the Board with financial, investing, and senior leadership expertise. His political experience and expertise provide unique insights into government, public policy matters and legal issues. Additionally, he has significant corporate governance knowledge developed by current and past service on the boards of other publicly traded companies which is invaluable to SCI in his role as Lead Independent Director.

Sara Martinez Tucker
Former Chief Executive Officer, National Math + Science Initiative, a non-profit organization to improve student performance in STEM subjects

Member of: Audit Committee, Nominating & Corporate Governance Committee

Independent: YES

Age: 64

Director Since: 2018

Other Public Boards*: 2

Qualifications**: CEO Experience/ Senior Leadership, Technology or e-Commerce, Government/Legal, Real Estate/Business Development/M&A

Director Summary: Sara Martinez Tucker has extensive knowledge and experience gained through her various executive leadership roles. Her most recent executive experience provides the Board with invaluable experience and expertise in technology. She also provides strong leadership and executive experience through her previous role as Vice President with AT&T. Her background serving as the Department of Education’s undersecretary has given her specific insight into governmental processes and human capital management as well as exposure to a variety of legal issues. Further, she possesses significant corporate governance knowledge developed by current and past service on the boards of other publicly traded companies.

Marcus A. Watts
President, The Friedkin Group, an umbrella company overseeing various business interests that include a variety of branded automotive, hospitality, and entertainment companies

Chair of: Nominating & Corporate Governance Committee

Member of: Compensation Committee, Executive Committee

Independent: YES

Age: 61

Director Since: 2012

Other Public Boards*: 1

Qualification**: CEO Experience/ Senior Leadership, Marketing/Brand Management, Government/Legal, Real Estate/Business Development/M&A

Director Summary: Marcus Watts’ executive role as President of The Friedkin Group provides the Board with senior leadership expertise and experience from oversight of various branded business interests. His previous role as Vice Chairman and Managing Partner-Houston of Locke Lord LLP, provides the Board with extensive legal and government experience. Additionally, he possesses significant marketing, brand management, and corporate governance knowledge developed by current and past service on the boards of other private and publicly traded companies.

*See Director Bios beginning on page 21 in this Proxy Statement, which includes other Public Boards for each Director.

**Although the members of our Board each embody a broad range of backgrounds, experience and expertise, we have highlighted only the top four qualifications for each member.

Director Snapshot

We have added four new Directors since 2012, our average age and tenure has declined three and eight years, respectively, and the number of women represented has increased to 30% of the current Board:

Proxy 2020: Director Age chart
Proxy 2020: Director Tenure chart
Proxy 2020: Gender chart
Proxy 2020: Ethnicity chart

Director Independence

  • 8 out of 10 Directors are independent
  • 9 out of 10 Directors are non-management
  • Audit, Compensation, and Nominating and Corporate Governance Committees of SCI are composed entirely of Independent Directors
  • Strong Lead Independent Director role (see page 28 in this Proxy Statement, for list of key duties and responsibilities of Lead Independent Director) 
  • Director Nominees and Continuing Directors Exhibit:

  • Personal qualities such as self awareness, respect, integrity, independence, and capacity to function effectively in challenging environments
  • Experience in various leadership roles and proven record of success
  • Corporate governance knowledge and practices
  • Appreciation for diversity of people and perspectives
  • Objectivity and sound judgment
  • Highly Engaged and Active Board:

  • Actively involved with overseeing Company's execution of its strategy
  • 97% combined meeting attendance record for Board and Board committee meetings
  • 5 Board meetings
  • 22 committee meetings