Park Shaper
SERVICE CORP INTERNATIONALAbout Park Shaper
C. Park Shaper (age 56) has served as an independent director of Service Corporation International since 2022. He is CEO of Seis Holdings LLC (2013–present) and previously held senior roles at Kinder Morgan, including CFO (2000), Executive Vice President (2004), and President (2005–2013). He holds an MBA from Stanford University and studied at Northwestern University’s J.L. Kellogg Graduate School of Management, bringing leadership, financial, strategy, and management expertise to SCI’s board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Kinder Morgan, Inc. | President | 2005–2013 | Senior leadership and operational oversight |
| Kinder Morgan, Inc. | Executive Vice President | 2004 | Strategy and management |
| Kinder Morgan, Inc. | CFO; Member, Office of the Chairman | 2000–2003 | Financial leadership; governance exposure |
| Altair Corporation | President & Director | 1999 | Executive management |
| First Data Analytics | Vice President & CFO | 1997–1999 | Financial management |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Sunnova Energy International, Inc. | Director | Current | Public company board service |
| Kinder Morgan, Inc. | Director | Current | Public company board service |
| Weingarten Realty | Director | Past | Public company board service |
| Star Peak Energy Transition Corp. | Director | Past | SPAC board service |
| Star Peak Corp. II | Director | Past | SPAC board service |
| Texas Children’s Board of Trustees | Chair | Current | Non-profit leadership |
| Hoover Institution (Stanford) | Board of Overseers | Current | Academic oversight |
| Baker Institute (Rice University) | Board of Advisors | Current | Policy advisory |
Board Governance
- Independence: The Board affirmed Shaper is independent under NYSE and SCI guidelines; 9 of 10 current directors are independent .
- Committee memberships (2024): Audit Committee member (Chair: Sara Martinez Tucker); Compensation Committee member (Chair: Ellen Ochoa). Both committees are fully independent .
- Attendance: Board meetings had 97% attendance in 2024; committee meetings had at least 94% attendance. Audit Committee attendance was 94%, Compensation Committee attendance was 100%. All directors attended the 2024 Annual Meeting .
- Executive sessions: Non-management directors meet in executive session after each regularly scheduled Board meeting, chaired by the Lead Independent Director .
- Governance practices: Anti-hedging and anti-pledging policies apply to all directors and officers; limits on service on public company boards/audit committees were added to Corporate Governance Guidelines .
- Nominations history: The NCGC presented Shaper as a nominee in 2021; he was elected in 2022 .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual Board cash retainer | $92,500 | Increased to $100,000 effective Nov 15, 2024; 2024 paid total reflects $2,500 Q4 increase |
| Committee chair fees (schedule) | $25,000 (Audit), $20,000 (Comp), $15,000 (Investment), $15,000 (NCGC), $30,000 (Lead Director) | Applicable to chairs; Shaper was not a chair in 2024 |
| Annual stock grant target | $180,000 (increased to $190,000 effective Nov 15, 2024) | Target value per non-employee director |
| Director | Fees Earned or Paid in Cash (2024) | Stock Awards (2024) | Total (2024) |
|---|---|---|---|
| C. Park Shaper | $92,500 | $180,052 | $272,552 |
Performance Compensation
| Equity Component | Target/Value | Metrics/Structure | Vesting/Terms |
|---|---|---|---|
| Annual stock grant (non-employee directors) | $180,000 target; increased to $190,000 effective Nov 15, 2024 | Market-based director compensation; periodically benchmarked by NCGC with Meridian and NACD data | Specific vesting schedule not disclosed in proxy excerpts |
No director bonuses, options, or performance-based metrics are disclosed for non-employee directors in the cited materials; director equity is time-based and market-aligned .
Other Directorships & Interlocks
| Type | Entity | Potential Interlock/Conflict | Disclosure Status |
|---|---|---|---|
| Current public board | Sunnova Energy International, Inc. | Energy/utility sector; no SCI-related transactions disclosed | No relationships requiring disclosure for 2024 Compensation Committee members (includes Shaper) |
| Current public board | Kinder Morgan, Inc. | Energy infrastructure; no SCI-related transactions disclosed | No relationships requiring disclosure for 2024 Compensation Committee members |
| Prior public boards | Weingarten Realty; Star Peak Energy Transition Corp.; Star Peak Corp. II | Historical service; no SCI-related transactions disclosed | Not indicated in proxy excerpts |
Expertise & Qualifications
- Leadership and finance: CEO of Seis Holdings; former Kinder Morgan CFO, EVP, President .
- Strategy and risk: Broad strategy and management expertise; service on audit, compensation, and nominating/governance committees at public companies .
- Education: MBA, Stanford; studies at Northwestern Kellogg .
- Cybersecurity oversight experience is noted broadly among directors; board skills matrix highlights multiple competencies, with directors experienced in cybersecurity oversight marked with “+” (matrix shows skills by director, including Shaper) .
Equity Ownership
| Holder | Shares Owned | Options Exercisable (60 days) | Total Beneficial Ownership | % of Class |
|---|---|---|---|---|
| C. Park Shaper | 12,939 (includes 5,000 held by Seis Holdings LLC; disclaims beneficial ownership except to extent of pecuniary interest) | — | 12,939 | * (<1%) |
| Ownership Guideline | Basis | Minimum Shares (2025) | Compliance |
|---|---|---|---|
| $500,000 within 5 years of election | Closing price $79.82 at Dec 31, 2024 | 6,265 shares | 100% of directors exceeded guideline as of Mar 11, 2025 |
- Anti-hedging/anti-pledging: Policies applicable to all directors and officers; no pledging or hedging by Shaper is disclosed .
Governance Assessment
- Committee effectiveness: Shaper serves on the Audit and Compensation Committees, both fully independent, with robust oversight mandates (financial integrity, cybersecurity risk, executive/director pay). Committee attendance was strong (Audit 94%; Compensation 100%), supporting engagement and board effectiveness .
- Alignment: Shaper’s director pay mix combines cash retainer and annual equity grants; 2024 program increased cash retainer and equity target modestly, remaining market-referenced and benchmarked with Meridian/NACD data .
- Ownership: Beneficial ownership of 12,939 shares, including 5,000 via Seis Holdings LLC, with a disclaimer; he exceeds the board’s stock ownership guideline, reinforcing alignment with shareholders .
- Conflicts and related-party exposure: Compensation Committee expressly reports no relationships requiring disclosure for 2024 members, including Shaper; anti-hedging/pledging policies and limits on external board service mitigate conflict and overboarding risks. No SCI-related party transactions involving Shaper are indicated in the cited materials .
- RED FLAGS: None observed in cited disclosures. No hedging/pledging, no comp committee interlocks requiring disclosure, and strong committee attendance support investor confidence .