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

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):

On May15, 2017, the Compensation Committee approved the Eagle
Materials Inc. Salaried Incentive Compensation Program for Fiscal
Year 2018 (Eagle Plan), a copy of which is attached to this
Report as Exhibit 10.1 and incorporated herein by reference.
Under the terms of the Eagle Plan, a pool of 1.4% of the Companys
operating earnings for fiscal 2018 will be available to pay
annual bonuses to participating officers, subject to reduction
based on individual performance in fiscal 2018. The Compensation
Committee also determined the applicable percentage of the bonus
pool available for payment of the annual incentive bonus to the
named executive officers participating in the Eagle Plan (David
B. Powers, President and Chief Executive Officer, 24.0%; Michael
Haack, Executive Vice President and Chief Operating Officer,
17.0%; and D. Craig Kesler, Executive Vice President Finance and
Administration and Chief Financial Officer, 15.8%).

Gerald J. Essl, Executive Vice President Cement, participates in
a divisional incentive compensation program to which a percentage
of the operating earnings of the applicable subsidiary (or group
of subsidiaries) is available for payment of bonuses to the
participating employees. Mr.Essl participates in the Eagle
Materials Inc. Cement Companies Salaried Incentive Compensation
Program for Fiscal Year 2018 (a copy which is attached to this
Report as Exhibit 10.2 and incorporated herein by reference). In
the program in which Mr.Essl participates, the Compensation
Committee approved the percentage of EBITDA of each of the
Companys cement subsidiaries for fiscal 2018 which is available
for payment of bonuses to participating employees (1.7% for each
cement plant) and the percentage of such bonus pool available for
payment to Mr.Essl at the end of fiscal 2018 (18% of each cement
plants pool), subject to reduction based on individual
performance. With respect to our cement joint venture, Mr.Essl is
eligible to receive an amount equal to 18% of 1.7% of our half of
the joint ventures fiscal 2018 EBITDA, subject to reduction based
on individual performance.

The Compensation Committee also approved the Eagle Materials Inc.
Special Situation Program for Fiscal Year 2018 (the SSP), a copy
of which is attached to this Report as Exhibit 10.3 and
incorporated herein by reference. Under the terms of the SSP, a
pool of 0.2% of the Companys EBITDA for fiscal 2018, plus any
portions of bonus pools under the Eagle Plan, the divisional
plans and subsidiary long-term compensation plans not paid out or
earned, are available to pay annual bonuses to participating
employees from the SSP.

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 -1.40 at 99.48 with 1,368,885 shares trading hands.