Eagle Materials Inc. (NYSE:EXP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Eagle Materials Inc. (NYSE:EXP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Item5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers

Information responsive to Item 5.02(e):

Effective May18, 2017, the Compensation Committee of the Board of
Directors of Eagle Materials Inc. (Eagle), as part of its annual
compensation review, approved long-term incentive equity awards
under the Eagle Materials Inc. Amended and Restated Incentive
Plan (Incentive Plan) to a group of the Companys officers,
including its named executive officers. The awards are comprised
of performance vesting stock options, performance vesting
restricted stock, time vesting stock options and time vesting
restricted stock. Each of the Companys current named executive
officers was granted stock options and/or restricted stock as a
part of this award.

In order for the performance vesting stock options and restricted
stock to be earned, the Company must achieve a performance
vesting criterion based on the Companys average return on equity
measured at the end of fiscal 2018. One-fourth of any earned
stock options and restricted stock will vest immediately and
one-fourth on each of the next three fiscal year-ends (assuming
continued service by the relevant officer). Any stock options or
restricted stock that are not earned at the end of fiscal 2018
upon the determination of the achievement of the performance
vesting criterion will be forfeited. The terms and conditions of
the performance vesting stock options and restricted stock will
be substantially the same as awards made in fiscal 2017. As in
the case of prior equity awards, the stock options and restricted
stock will also vest upon a change in control of the Company.

The time vesting stock options and restricted stock will vest
ratably over the four fiscal year-ends following the date of
grant (assuming continued service by the relevant officer). The
terms and conditions of the stock options and restricted stock
will be substantially the same as previous time vesting equity
awards. As in the case of prior equity awards, the time vesting
stock options and restricted stock will also vest upon a change
in control of the Company.

In accordance with the terms of the Companys Incentive Plan, the
exercise price of the stock options (whether time vesting or
performance vesting) is the closing price of the Companys Common
Stock on the date of grant, May18, 2017 ($100.88). The following
table shows the stock options and restricted stock granted to
each of the Companys named executive officers effective May18,
2017:

Name

Numberof Performance Vesting StockOptions Sharesof Performance Vesting
RestrictedStock
Numberof TimeVesting StockOptions Sharesof TimeVesting RestrictedStock

David B. Powers

19,330 16,109

D. Craig Kesler

7,145 2,380 5,954 1,983

Michael Haack

8,484 2,826 7,070 2,355

Gerald J. Essl

4,461 3,718


About Eagle Materials Inc. (NYSE:EXP)

Eagle Materials Inc. is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates. Its building materials include gypsum wallboard. Its basic material used for oil and natural gas extraction include frac sand and oil well cement. It sells cement in over six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. It sells slag in the greater Chicago, Illinois area and the greater Midwest area. It has approximately three concrete and aggregates businesses. It also operates a recycled paperboard business.

Eagle Materials Inc. (NYSE:EXP) Recent Trading Information

Eagle Materials Inc. (NYSE:EXP) closed its last trading session down -2.32 at 96.54 with 621,537 shares trading hands.

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