SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
CARRIAGE SERVICES, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
143905107
--------------
(CUSIP Number)
Applewood Associates, L.P. Copy to: Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, NY 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
February 20, 1998
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(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following space __.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Applewood Associates, L.P.
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization New York
|
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| | 4,222,220 shares 7.5%
Number of | | (Represents 422,222 shares of the Issuer's Class B
Shares | | Common Stock which are entitled to 10 votes per share)
Beneficially |-------------------------------------------------------------
Owned By | 8 | Shared Voting Power
Each | | 0 shares 0%
Reporting |-------------------------------------------------------------
Person | 9 | Sole Dispositive Power
With | | 422,222 shares 4.0%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 0 shares 0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 422,222 shares
|
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12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.0%
|
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14 | Type of Reporting Person* PN
|
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Barry Rubenstein
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization United States
|
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| | 0 shares 0%
Number of |-------------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 4,592,550 shares 8.2%
Owned By | | (Includes 455,555 shares of the Issuer's Class B
Each | | Common Stock which are entitled to 10 votes per share)
Reporting |-------------------------------------------------------------
Person | 9 | Sole Dispositive Power
With | | 0 shares 0%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 492,555 shares 4.7%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 492,555 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.7%
|
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14 | Type of Reporting Person* IN
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Irwin Lieber
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* WC, PF
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization United States
|
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| | 391,480 shares 0.7%
Number of | | (Includes 33,333 shares of the Issuer's Class B
Shares | | Common Stock which are entitled to 10 votes per share)
Beneficially |-------------------------------------------------------------
Owned By | 8 | Shared Voting Power
Each | | 4,222,220 shares 7.5%
Reporting | | (Represents 422,222 shares of the Issuer's Class B
Person | | Common Stock which are entitled to 10 votes per share)
With |-------------------------------------------------------------
| 9 | Sole Dispositive Power
| | 91,483 shares 0.9%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 422,222 shares 4.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 513,705 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.8%
|
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14 | Type of Reporting Person* IN
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Barry Fingerhut
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* WC, PF
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization United States
|
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| | 1,031,713 shares 1.8%
Number of | | (Includes 84,258 shares of the Issuer's Class B
Shares | | Common Stock which are entitled to 10 votes per share)
Beneficially |-------------------------------------------------------------
Owned By | 8 | Shared Voting Power
Each | | 4,366,660 shares 7.8%
Reporting | | (Represents 436,666 shares of the Issuer's Class B
Person | | Common Stock which are entitled to 10 votes per share)
With |-------------------------------------------------------------
| 9 | Sole Dispositive Power
| | 273,391 shares 2.6%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 436,666 shares 4.1%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 710,057 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 6.7%
|
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14 | Type of Reporting Person* IN
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Applewood Capital Corp.
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC
|
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5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization New York
|
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| | 0 shares 0%
Number of |-------------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 4,222,220 shares 7.5%
Owned By | | (Includes 422,222 shares of the Issuer's Class B
Each | | Common Stock which are entitled to 10 votes per share)
Reporting |-------------------------------------------------------------
Person | 9 | Sole Dispositive Power
With | | 0 shares 0%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 422,222 shares 4.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 422,222 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.0%
|
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14 | Type of Reporting Person* CO
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Seth Lieber
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 27,770 shares 0.1%
Number of | | (Represents 2,777 shares of the Issuer's Class B
Shares | | Common Stock which are entitled to 10 votes per share)
Beneficially |-------------------------------------------------------------
Owned By | 8 | Shared Voting Power
Each | | 4,222,220 shares 7.5%
Reporting | | (Represents 422,222 shares of the Issuer's Class B
Person | | Common Stock which are entitled to 10 votes per share)
With |-------------------------------------------------------------
| 9 | Sole Dispositive Power
| | 2,777 shares 0.1%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 422,222 shares 4.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 424,999 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.0%
|
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14 | Type of Reporting Person* IN
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-7 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Jonathan Lieber
|
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2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 34,330 shares 0.1%
Number of | | (Represents 3,333 shares of the Issuer's Class B
Shares | | Common Stock which are entitled to 10 votes per share)
Beneficially |-------------------------------------------------------------
Owned By | 8 | Shared Voting Power
Each | | 4,222,220 shares 7.5%
Reporting | | (Represents 422,222 shares of the Issuer's Class B
Person | | Common Stock which are entitled to 10 votes per share)
With |-------------------------------------------------------------
| 9 | Sole Dispositive Power
| | 4,333 shares 0.1%
|-------------------------------------------------------------
| 10 | Shared Dispositive Power
| | 422,222 shares 4.0%
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 426,555 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.0%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person* IN
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-8 of 16-
<PAGE>
CUSIP
No. 143905107 13D
================================================================================
1 | Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| Dana Lieber
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) | |
| (b) |_|
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3 | SEC Use Only
|
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4 | Source of Funds* WC, PF
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required |_|
| Pursuant to Item 2(d) or 2(e)
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6 | Citizenship or Place of Organization United States
|
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| 7 | Sole Voting Power
| | 1,000 shares 0.01%
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 0 shares 0%
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 1,000 shares 0.01%
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 0 shares 0%
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11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,000 shares
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
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13 | Percent of Class Represented by Amount in Row (11)
| 0.01%
|
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14 | Type of Reporting Person* IN
|
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-9 of 16-
<PAGE>
This statement, dated February 20, 1998, constitutes Amendment No. 3 to
the Schedule 13D, dated August 8, 1996, regarding the reporting persons'
ownership of certain securities of Carriage Services, Inc. (the "Issuer").
The Schedule 13D is hereinafter referred to as the "Schedule". All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed thereto in the Schedule.
This Amendment No. 3 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 2. IDENTITY AND BACKGROUND
8. (a) Dana Lieber
(b) Address:
8 Applegreen Drive
Old Westbury, New York 11568
(c) Principal Business: Student.
(d) No.
(e) No.
(f) Citizenship: United States.
Dana Lieber is the daughter of Irwin Lieber.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The amount of funds used in making the purchases of additional
shares of Class A Common Stock is set forth below:
NAME AMOUNT OF CONSIDERATION
---- -----------------------
Barry Fingerhut $1,230,306
Irwin Lieber 534,152
Woodland Partners 233,711
Jonathan Lieber 17,875
Dana Lieber 19,575
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) The following list sets forth the aggregate number and
percentage (based on 5,541,780 shares of Class A Common Stock and 5,050,485
shares of Class B Common Stock
-10 of 16-
<PAGE>
outstanding as reported by the Issuer in its Form 10-Q for its quarter ended
September 30, 1997 of outstanding shares of Class A Common Stock owned
beneficially by each person named in Item 2, as of February 27, 1998:
Percentage of
Shares of Shares of
Class A Class A
Common Stock Percentage Common Stock
Beneficially of Voting Beneficially
Name Owned(1) Control(1) Owned
- ----------------------------- ------------ ----------- --------------
Applewood Associates, L.P.(2) 422,222 7.5% 4.0%
Barry Rubenstein(2) 496,555(3,4) 8.2% 4.7%
Irwin Lieber(2) 513,705(3) 8.2% 4.8%
Barry Fingerhut(2) 710,057(3,5) 9.6% 6.7%
Applewood Capital Corp.(2) 422,222(3) 7.5% 4.0%
Seth Lieber(2) 424,999(6) 7.6% 4.0%
Jonathan Lieber(2) 426,555(6) 7.6% 4.0%
Dana Lieber(2) 1,000 0.01% 0.01%
- ---------------------------
(1) Includes shares of Class B Common Stock convertible into shares of Class A
Common Stock. Holders of Class B Common Stock are entitled to ten votes
for each share held on all matters submitted to a vote of common
stockholders.
(2) The reporting person disclaims beneficial ownership of these securities
except to the extent of its equity ownership therein.
(3) The reporting person is a general partner of Applewood and accordingly has
shared dispositive and voting power with respect to the 422,222 shares of
Class B Common Stock owned by Applewood.
(4) Includes 33,333 shares of Class B Common Stock owned by Woodland Partners.
Includes 37,000 shares of Class A Common Stock owned by Woodland Partners.
As a general partner of Woodland Partners, Mr. Rubenstein has shared
dispositive and voting power with respect to all shares owned by Woodland
Partners.
(5) Includes 154,550 shares of Class A Common Stock owned by Mr. Fingerhut,
26,500 shares of Class A Common Stock held in the Barry Fingerhut IRA
account, 6,000 shares of Class A Common Stock to be acquired upon the
exercise of a non-qualified stock option and 2,083 shares of Class A
Common Stock to be acquired upon the exercise of a non-qualified stock
option. Includes 84,258 shares of Class B Common Stock. Mr. Fingerhut has
shared dispositive and voting power with respect to 6,111 shares of Class
B Common Stock owned by Longboat Key Associates. Mr. Fingerhut has shared
dispositive or voting power with respect to 8,333 shares of Class B Common
Stock jointly owned by Mr. Fingerhut and a third party.
(6) The reporting person is an officer of Applewood Capital and accordingly
has shared voting and dispositive power with respect to the 422,222 shares
of Class B Common Stock owned by Applewood.
-11 of 16-
<PAGE>
(b) Applewood has sole power to vote and dispose of 422,222 shares
of Class B Common Stock, which represents approximately 7.5% of the combined
voting power of the Class A and Class B Common Stock and which, if fully
converted into Class A Common Stock, would represent approximately 4.0% of the
outstanding Class A Common Stock.
By virtue of being a general partner of Applewood and of Woodland
Partners and an officer and director of Applewood Capital, Barry Rubenstein may
be deemed to have shared power to vote and dispose of 37,000 shares of Class A
Common Stock and 455,555 shares of Class B Common Stock which represents
approximately 8.2% of the combined voting power of the Class A and Class B
Common Stock and which, if the shares of Class B Common Stock were fully
converted into Class A Common Stock, would represent approximately 4.7% of the
outstanding Class A Common Stock.
Irwin Lieber has sole power to vote and dispose of 33,333 shares of
Class B Common Stock and 58,150 shares of Class A Common Stock which represents
approximately 0.7% of the combined voting power of the Class A and Class B
Common Stock and which if fully converted into Class A Common Stock, would
represent approximately 0.9% of the outstanding Class A Common Stock. By virtue
of being a general partner of Applewood and an officer and director of Applewood
Capital, Mr. Lieber may be deemed to have shared power to vote and dispose of
422,222 shares of Class B Common Stock which represents approximately 7.5% of
the combined voting power of the Class A and Class B Common Stock and which, if
fully converted into shares of Class A Common Stock, would represent
approximately 4.0% of the outstanding Class A Common Stock.
Barry Fingerhut has sole power to vote and dispose of 189,133 shares
of Class A Common Stock (including 8,083 shares of Common Stock to be acquired
upon the exercise of non-qualified stock options) and 84,258 shares of Class B
Common Stock. Such shares represent approximately 1.8% of the combined voting
power of the Class A and Class B Common Stock and, if the shares of Class B
Common Stock were fully converted into Class A Common Stock, would represent
approximately 2.6% of the outstanding Class A Common Stock. By virtue of being a
general partner of Applewood and an officer and director of Applewood Capital, a
general partner of Longboat Key Associates and through joint ownership with a
third party, Mr. Fingerhut may be deemed to have shared power to vote and
dispose of 436,666 shares of Class B Common Stock which represents approximately
7.8% of the combined voting power of the Class A and Class B Common Stock and
which, if fully converted into Class A Common Stock, would represent
approximately 4.1% of the outstanding Class A Common Stock.
Applewood Capital may be deemed to have shared power to vote and
dispose of 422,222 shares of Class B Common Stock which represents approximately
7.5% of the combined voting power of the Class A and Class B Common Stock and
which, if fully converted into Class A Common Stock, would represent 4.0% of the
outstanding Class A Common Stock.
Seth Lieber has sole power to vote and dispose of 2,777 shares of
Class B Common Stock and, by virtue of being an officer of Applewood Capital,
may be deemed to have shared power to vote and dispose of 422,222 shares of
Class B Common Stock which represents approximately 7.5% of the combined voting
power of the Class A and Class B Common Stock and which, if fully
-12 of 16-
<PAGE>
converted into Class A Common Stock, would represent approximately 4.0% of the
outstanding shares of Class A Common Stock.
Jonathan Lieber has sole power to vote and dispose of 3,333 shares
of Class B Common Stock and 1,000 shares of Class A Common Stock and, by virtue
of being an officer of Applewood Capital, may be deemed to have shared power to
vote and dispose of 422,222 shares of Class B Common Stock which represents
approximately 7.5% of the combined voting power of the Class A and Class B
Common Stock and which, if fully converted into Class A Common Stock, would
represent approximately 4.0% of the outstanding shares of Class A Common Stock.
(c) The following is a description of all transaction in shares of
Class A Common Stock of the Issuer by the persons identified in Item 2 of this
Schedule 13D effected from December 20, 1997 through February 27, 1998
inclusive.
Name of Purchase of Number of Shares Purchase or
Shareholder Sale Date Purchased or Sale Price
- --------------- ----------- (Sold) -----------
-----
Barry Fingerhut 2/13/98 4,000 $19.625
2/18/98 2,500 19.1958
2/19/98 2,000 19.2813
2/20/98 3,000 19.5729
2/27/98 4,250 20.011
Barry Fingerhut 2/17/98 4,500 19.575
IRA
Irwin Lieber 2/13/98 4,000 19.625
2/17/98 3,000 19.575
2/18/98 2,500 19.1958
2/19/98 1,500 19.2813
2/20/98 3,000 19.5729
2/27/98 4,250 20.011
-13 of 16-
<PAGE>
Name of Purchase of Number of Shares Purchase or
Shareholder Sale Date Purchased or Sale Price
- --------------- ----------- (Sold) -----------
-----
Woodland
Partners 2/13/98 4,000 $19.625
2/17/98 4,000 19.575
2/18/98 2,500 19.1958
2/19/98 1,500 19.2813
Dana Lieber 2/17/98 1,000 19.575
The shares of Class A Common Stock were acquired in the
over-the-counter market.
(d) No other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of such
securities.
(e) Not Applicable.
-14 of 16-
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, correct and
complete.
Date: March 10, 1998
APPLEWOOD ASSOCIATES, L.P.
By: s/ Irwin Lieber
----------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By: s/ Barry Rubenstein
----------------------------------
Barry Rubenstein, President
s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein
s/ Irwin Lieber
--------------------------------------
Irwin Lieber
s/ Barry Fingerhut
--------------------------------------
Barry Fingerhut
s/ Seth Lieber
--------------------------------------
Seth Lieber
s/ Jonathan Lieber
--------------------------------------
Jonathan Lieber
s/ Dana Lieber
--------------------------------------
Dana Lieber
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
-15 of 16-
<PAGE>
JOINT FILING AGREEMENT
----------------------
In accordance with Rule 13d-1(f) under the Securities Exchange Act, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them on a statement on Schedule 13D (including amendments thereto) with respect
to the Common Stock, par value $.01 per share, of Carriage Services, Inc. and
that this Agreement be included as an Exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this
10th day of March, 1998.
APPLEWOOD ASSOCIATES, L.P.
By: s/Irwin Lieber
----------------------------------
Irwin Lieber, General Partner
APPLEWOOD CAPITAL CORP.
By: s/ Barry Rubenstein
----------------------------------
Barry Rubenstein, President
s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein
s/ Irwin Lieber
-------------------------------------
Irwin Lieber
s/ Barry Fingerhut
-------------------------------------
Barry Fingerhut
s/ Seth Lieber
-------------------------------------
Seth Lieber
s/ Jonathan Lieber
-------------------------------------
Jonathan Lieber
s/ Dana Lieber
-------------------------------------
Dana Lieber
-16 of 16-
