---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-130864"
form_type: "8-K"
ticker: "EXP"
cik: "0000918646"
company_name: "EAGLE MATERIALS INC"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:39:34.116264+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eagle Materials grants reciprocal put options to buy 50% JV stake at $1.1B

## Summary
- Put options exercisable for 15 months if either partner signs a $1B+ cement/slag asset purchase outside JV.
- Purchase price for 50% interest is $1.1 billion, subject to working capital and debt adjustments.
- JV Texas Lehigh manufactures grey cement in Buda, Texas; current partners are Eagle (50%) and Heidelberg Materials (50%).
- No party is currently negotiating an Outside Purchase Agreement; options provide an additional exit mechanism.
- If triggered, sale closes concurrently with the outside acquisition under a pre-agreed Interest Purchase Agreement.

## SEC filing metadata
- accession: 0001193125-24-130864
- form_type: 8-K
- ticker: EXP
- cik: 0000918646
- company_name: EAGLE MATERIALS INC
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918646/000119312524130864/0001193125-24-130864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918646/000119312524130864/d803494d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-130864
- JSON: https://secwatch.observer/filing/0001193125-24-130864.json
- Plain text: https://secwatch.observer/filing/0001193125-24-130864.txt

## Key facts
- Material Agreements
  EAGLE MATERIALS INC entered into Put Option Agreement with HM Southeast Cement LLC and Heidelberg Materials US, Inc. valued at $1,100,000,000.00 (effective 2024-05-01).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: HM Southeast Cement LLC and Heidelberg Materials US, Inc.
  - Value: $1,100,000,000.00
  - Effective: 2024-05-01
  source text: On May 1, 2024, the Company and the TLCC Partners, on the one hand, and HM and HMSC, on the other hand, entered into a Put Option Agreement (the “ Put Option Agreement ”) that provides for the grant of reciprocal put options by the parties with respect to their 50% partnership interests in the Joint Venture.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918646/000119312524130864/0001193125-24-130864-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.