Somer Webb
CARRIAGE SERVICESAbout Somer Webb
Independent director (Class I) of Carriage Services, Inc. (CSV); age 46; director since 2023. Currently CFO of Authority Brands; prior CFO roles at Solo Brands (May 2022–Dec 2023), Kent Outdoors (Jan–May 2022), and Worldwide Express (CFO Feb 2019–Jan 2022; joined 2016). Education: B.B.A. in Management Information Systems (Baylor University) and MBA (University of Texas at Arlington). Committees: Audit; Corporate Governance; Chair, Compensation Committee. The Board has affirmatively determined Webb is independent under NYSE and SEC rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Authority Brands | Chief Financial Officer | Jan 2024–present | Finance leadership; capital allocation and FP&A (as described by qualifications) |
| Solo Brands, Inc. | Chief Financial Officer | May 2022–Dec 2023 | CFO oversight |
| Kent Outdoors | Chief Financial Officer | Jan 2022–May 2022 | CFO oversight |
| Worldwide Express | CFO; prior roles since joining in 2016 | CFO Feb 2019–Jan 2022; joined 2016 | Led logistics finance; growth and BI insights |
| Southwest Airlines; DaVita Healthcare Partners; Match Group; Amazon; Yum Brands | Leadership positions | Not disclosed | Various finance/operational leadership roles |
External Roles
| Organization | Position | Public Company Board? | Notes |
|---|---|---|---|
| Authority Brands | Chief Financial Officer | No (external executive role) | Operates 15 home service franchise brands across 2,000+ locations |
| Other public company boards | — | None (CSV policy notes only Dr. Robinson serves on another public board) | Reduces interlock risk |
Board Governance
- Committee assignments: Chair, Compensation; Member, Audit; Member, Corporate Governance .
- Independence: Board determined Webb is independent under NYSE and SEC Item 407(a) .
- Attendance and engagement: In 2024, each director attended all Board meetings; each member attended all meetings of Compensation, Audit, and Corporate Governance committees .
- Financial expertise: Board designated Webb as an “audit committee financial expert” under SEC rules .
- Board structure: Non-Executive Chair (Patteson) effective Feb 24, 2025; annual elections of all directors to begin in 2026 (declassification) .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Independent Director annual retainer | $150,000 per year | Payable quarterly ($37,500) in cash and/or unrestricted common stock; director election governs mix |
| Committee Chair fees | Compensation Chair: $15,000; Audit Chair: $20,000; Governance Chair: $10,000 | Payable quarterly |
| Board Chair premium | $20,000 (if independent) | — |
| New director one-time grant | $25,000 (cash or unrestricted stock) at election; immediate vest | Applies upon board election |
| Webb 2024 Director Compensation | Cash Fees | Stock Fees | Stock Awards | Total |
|---|---|---|---|---|
| 2024 summary | $83,112 | $126,888 | $0 | $210,000 |
| Webb 2024 Quarterly Retainer Taken in Stock | Mar 29, 2024 | Jun 28, 2024 | Sep 30, 2024 | Dec 31, 2024 |
|---|---|---|---|---|
| Shares | 1,340 | 1,536 | 753 | 620 |
| Stock price | $27.04 | $26.84 | $32.83 | $39.85 |
Notes:
- Directors can elect quarterly retainer in unrestricted stock; grants vest immediately and are determined using closing price on last business day of each quarter .
- In 2024 directors also received $50,000 each for conclusion of strategic alternatives review (approved Jan 22, 2024) .
Performance Compensation
| Performance-linked component for directors | Status |
|---|---|
| RSUs/PSUs for Webb (2024) | None disclosed |
| Options for Webb (2024) | None disclosed |
| Director-specific performance metrics | None disclosed (director pay structured as retainer and chair fees, cash/stock election) |
Company-wide policies relevant to directors:
- Insider Trading and Anti-Hedging Policy prohibits hedging and derivative transactions by employees and directors .
- Compensation Recovery (clawback) policy applies to incentive payments; described within executive comp framework (director incentives not used) .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Other public company boards | None (only Dr. Robinson serves on ARDT as outside public board) |
| Interlocks/conflicts | Compensation Committee interlocks: none; compensation committee members (including Webb) had no officer roles or substantial business dealings requiring disclosure |
| Related-party transactions | None reportable since Jan 1, 2024 |
Expertise & Qualifications
- Finance leadership across public and private companies; capital allocation, FP&A, M&A valuation and integration, BI-driven growth .
- Audit/finance literacy and SEC-designated “audit committee financial expert” .
- Degrees: B.B.A. (MIS), Baylor; MBA, UT Arlington .
Equity Ownership
| Holder | Shares Beneficially Owned | Ownership % |
|---|---|---|
| Somer Webb | 7,693 | <1% (asterisk denoting less than 1%) |
Director stock ownership guidelines:
- Minimum ownership equal to 1x annual retainer; compliance required within the later of 3 years from Apr 2, 2024 effective date or 3 years after joining the Board .
Governance Assessment
- Strengths: Independent director; chairs Compensation Committee; designated audit committee financial expert; full meeting attendance in 2024 for Board and all committees served; anti-hedging policy applies to directors; share ownership guideline established to align interests .
- Pay structure and alignment: Mix of cash and immediate-vest unrestricted stock; chair fee recognizes leadership role; no performance equity for directors, reducing pay complexity/conflict risk .
- Conflicts/related-party risk: No related-party transactions reported; no compensation committee interlocks; minimal public board exposure reduces interlock risk .
- Signals to investors: Board declassification announced for 2026 increases accountability; strong attendance and committee leadership indicate engagement; ownership guidelines enhance alignment .
RED FLAGS: None disclosed specific to Webb. No pledging/hedging by policy; no related-party transactions; no attendance issues; no director-specific option repricing or performance awards in 2024 .