e11vk
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2005
Commission file number 1-12984
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
(Full title of the plan)
EAGLE MATERIALS INC.
3811 Turtle Creek Blvd, Suite 1100
Dallas, Texas 75219
(Name of issuer and address of principal executive office)
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
AT DECEMBER 31, 2005 AND 2004
AND FOR THE YEAR ENDED DECEMBER 31, 2005
PAGE NO.
Report of Independent Registered Public Accounting Firm
The Administrative Committee
Profit Sharing and Retirement Plan of Eagle Materials Inc.
We have audited the accompanying statements of net assets available for benefits of the Profit
Sharing and Retirement Plan of Eagle Materials Inc. as of December 31, 2005 and 2004, and the
related statement of changes in net assets available for benefits for the year ended December 31,
2005. These financial statements are the responsibility of the Plans management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. We
were not engaged to perform an audit of the Plans internal control over financial reporting. Our
audits included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the Plans internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for benefits of the Plan at December 31, 2005 and 2004, and the
changes in its net assets available for benefits for the year ended December 31, 2005, in
conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken
as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December
31, 2005 is presented for purposes of additional analysis and is not a required part of the
financial statements but is supplementary information required by the Department of Labors Rules
and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. This supplemental schedule is the responsibility of the Plans management. The supplemental
schedule has been subjected to the auditing procedures applied in our audits of the financial
statements and, in our opinion, is fairly stated in all material respects in relation to the
financial statements taken as a whole.
Dallas, Texas
June 26, 2006
1
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
|
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December 31 |
|
|
|
2005 |
|
|
2004 |
|
Assets: |
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|
|
|
|
|
|
Investments in the Eagle Materials Inc. Plans
Master Trust |
|
$ |
38,224,922 |
|
|
$ |
33,545,210 |
|
Participant loans |
|
|
171,591 |
|
|
|
134,765 |
|
Participant contributions receivable |
|
|
|
|
|
|
59,776 |
|
|
|
|
|
|
|
Net Assets Available for Benefits |
|
$ |
38,396,513 |
|
|
$ |
33,739,751 |
|
|
|
|
|
|
See accompanying notes to financial statements.
2
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2005
|
|
|
|
|
Additions: |
|
|
|
|
Participating Employers contributions |
|
$ |
2,044,556 |
|
Participant contributions |
|
|
1,699,449 |
|
Rollovers |
|
|
375,128 |
|
Interest in the Eagle Materials Inc. Plans Master Trust
investment income |
|
|
3,554,311 |
|
Interest income on participant loans |
|
|
7,336 |
|
|
|
|
|
|
|
|
|
|
Total Additions |
|
|
7,680,780 |
|
|
|
|
|
|
Deductions: |
|
|
|
|
Distributions to participants |
|
|
2,999,406 |
|
Administrative expenses |
|
|
24,612 |
|
|
|
|
|
|
|
|
|
|
Total Deductions |
|
|
3,024,018 |
|
|
|
|
|
|
|
|
|
|
Net Increase |
|
|
4,656,762 |
|
|
|
|
|
|
Net Assets Available for Benefits: |
|
|
|
|
Beginning of year |
|
|
33,739,751 |
|
|
|
|
|
End of year |
|
$ |
38,396,513 |
|
|
|
|
|
See accompanying notes to financial statements.
3
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005
NOTE 1. DESCRIPTION OF THE PLAN
The following description of the Profit Sharing and Retirement Plan of Eagle Materials Inc. (the
Plan) provides only general information. Participants should refer to the Plan document for a more
complete description of the Plans provisions.
General
The Plan, adopted April 1, 1994 and amended and restated January 1, 2001, is a defined contribution
retirement plan covering eligible employees of Eagle Materials Inc. (the Company or Eagle
Materials) and eligible employees of certain subsidiaries of the Company, which have adopted the
Plan with the Companys consent. The Company and certain subsidiaries collectively comprise the
Participating Employers. The Plan is administered by an Administrative Committee (the Committee)
appointed by the Board of Directors of the Company. The Plan is subject to the provisions of the
Employee Retirement Income Security Act of 1974, as amended (ERISA).
Participants are eligible to receive a profit sharing contribution after completion of one year of
service. Entry can be at any time after that milestone is reached. All salaried employees of
Participating Employers are eligible to participate in the Plan provided the employee is not a
member of a group or class of employees covered by a collective bargaining agreement, unless such
agreement extends the Plan to such group or class of employees. There are no such employees at
December 31, 2005. One year of service, for purposes of eligibility, is defined as a twelve
consecutive month period during which the employee worked 1,000 hours, ending on the first
anniversary of the employees date of hire.
Contributions
The Plan permits participants to contribute pre-tax up to 70% of their compensation, as defined by
the Plan, (up to a statutory limit) to a 401(k) account upon the date of hire. The Plan also
permits participant voluntary (after-tax) contributions of up to 10% of compensation, as defined by
the Plan. Total contributions to a participants account are limited to a maximum of 100% of
compensation (or $42,000, whichever is less) for participant contributions, Participating
Employers contributions and participant voluntary (after-tax) contributions.
Employer discretionary profit sharing contributions are made by the Participating Employers as
determined by their respective Boards of Directors. They are allocated to participant accounts on a
pro rata basis determined by each participants length of service and salary.
The Participating Employers, at their sole discretion, may also make qualified non-elective
contributions to the Plan. No such qualified non-elective contributions were made for the 2005 Plan
year. Forfeitures may be used to reduce employer profit sharing contributions or administrative
expenses of the Plan. Forfeitures of $41,663 were used to reduce employer discretionary profit
sharing contributions remitted to the Plan during the year ended December 31, 2005.
Participants direct the investment of their accounts into various registered investment company
funds, common/collective trust fund or the Eagle Materials Common Stock Fund (the EXPSF). Another
fund,
4
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005
NOTE 1. DESCRIPTION OF THE PLAN (CONTINUED)
Contributions (continued)
the Centex Common Stock Fund (the CCSF), exists for those employees who chose to retain their
balance in this fund upon transfer of all of their balances from the Profit Sharing and Retirement
Plan of Centex Corporation to the Plan in 1994. No additional contributions to the CCSF are
permitted. Both the EXPSF and CCSF are unitized stock funds.
Participants may allocate up to 15% of employer and participant (before- and after-tax)
contributions to the EXPSF, whereas up to 100% may be allocated to any other investment option
(except the CCSF) offered by the Plan.
Vesting
After two years of service, a participant is vested in 10% of Participating Employers
contributions and related earnings. Participants vest an additional 10% after three years of
service and 20% for each additional year of service, as defined by the Plan, after that. A
participant is fully vested after seven years of service, as defined by the Plan, or upon
retirement, full and permanent disability, or death.
Participants are always fully vested in their participant and voluntary contributions and related
earnings.
Participant Loans
Active participants may borrow up to 50% of the vested portion of their accounts, not to exceed
$50,000, with Committee approval, as defined by the Plan. Loans may only be made for certain
approved events, as defined by the Plan. Loans are collateralized by participant accounts. Such
loans bear interest at a rate that approximates market rates and are repayable to the Plan within
five years.
Administrative Expenses
Certain administrative expenses of the Plan are paid by the Company. The Plan is not required to
reimburse the Company for any administrative expenses paid by the Company. Expenses not paid by the
Company are paid by the Plan.
Distributions
In accordance with the Plan document, distribution of a participants vested account is available
upon the participants retirement, death, disability, termination of employment, or attainment of
age 591/2; or distribution is available to satisfy a financial hardship meeting the requirements of
the Internal Revenue Service (IRS) regulations. Distributions are made in a lump-sum payment, a
direct rollover distribution, or a combination thereof.
Plan Termination
Although there is no intention to do so, the Company has the right to discontinue contributions and
terminate the Plan subject to the provisions of ERISA. The Plan provides that, in the event of plan
termination, participants will become fully vested in their Participating Employers contributions,
and the method of distribution of assets will be in accordance with the provisions of ERISA.
5
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying financial statements have been prepared on the accrual basis of accounting.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles
in the United States requires management to make estimates that affect the amounts reported in the
financial statements and accompanying notes. Actual results could differ from those estimates.
Valuation of Investments
All of the Plans investments, except for participant loans, are commingled with the investments of
the Eagle Materials Inc. Hourly Profit Sharing Plan (the Eagle Hourly Plan) in the Eagle Materials
Inc. Plans Master Trust (the Master Trust). The Master Trust is governed by a trust agreement with
Fidelity Management Trust Company (the Trustee) which is held accountable by and reports to the
Committee.
Investments included in the Master Trust are valued at fair value. The registered investment
company shares are valued based on published market prices, which represent the net asset value of
shares held by the Plan at year-end. Investments in the unitized stock funds are determined by the
value of the underlying common stocks combined with the short-term cash positions. The fair values
of the common stock portion of the funds are based on the closing price of the common stocks on
their primary exchange. The short-term cash positions of the unitized stock funds are recorded at
cost, which approximates fair value. Investments in the common/collective trust fund are stated at
fair value as determined by the issuer based on the fair value of the underlying assets in the
fund.
Purchases and sales of investments are recorded on a trade-date basis. Interest income is recorded
on an accrual basis. Dividends are recorded on the ex-dividend date.
The Master Trust allocates net investment income/(loss) to the Plan based on the ratio of market
values of the Plans investment in each Master Trust account. Net investment income is then
allocated to participants on a pro rata basis. Administrative expenses for the year ended December
31, 2005, include Trustee and recordkeeper fees. Fund management fees are charged directly to the
Master Trust and therefore are included in the net change in fair market value of investments for
the Master Trust. Administrative expenses are allocated pro rata to the Plan and the Eagle Hourly
Plan.
Participant loans are recorded at carrying value, which approximates fair value.
Distributions to Participants
Distributions to participants are recorded when paid.
6
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005
NOTE 3. INTEREST IN THE MASTER TRUST
The fair value of the commingled investments of the participating plans in the Master Trust
accounts at December 31, 2005 and 2004, and the undivided percentage interests the Plan holds in
each of the Master Trust accounts are summarized as follows:
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|
|
|
|
|
|
|
|
|
2005 |
|
|
2004 |
|
|
|
|
|
|
|
Percentage |
|
|
|
|
|
Percentage |
|
|
Fair Value |
|
Interest |
|
Fair Value |
|
Interest |
|
|
|
|
|
|
Registered Investment Companies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dreyfus Founders Discovery Class F Fund |
|
$ |
317,490 |
|
|
|
81.2 |
% |
|
$ |
295,838 |
|
|
|
84.1 |
% |
TCW Select Equities Class N Fund |
|
|
127,606 |
|
|
|
37.2 |
% |
|
|
91,203 |
|
|
|
31.4 |
% |
JPMorgan Diversified Mid Cap Growth
Class A Fund |
|
|
1,731,037 |
|
|
|
68.0 |
% |
|
|
1,487,573 |
|
|
|
68.3 |
% |
American Beacon Funds Small Cap Value
Plan Ahead Class Fund |
|
|
332,016 |
|
|
|
84.7 |
% |
|
|
|
|
|
|
0.0 |
% |
Fidelity Low-Priced Stock Fund |
|
|
4,081,494 |
|
|
|
84.2 |
% |
|
|
3,258,002 |
|
|
|
82.6 |
% |
Fidelity Equity-Income II Fund |
|
|
1,326,296 |
|
|
|
77.2 |
% |
|
|
1,046,982 |
|
|
|
77.7 |
% |
Fidelity Diversified International Fund |
|
|
2,283,825 |
|
|
|
86.1 |
% |
|
|
1,434,069 |
|
|
|
85.3 |
% |
Fidelity Dividend Growth Fund |
|
|
1,773,710 |
|
|
|
72.3 |
% |
|
|
1,507,737 |
|
|
|
74.3 |
% |
Fidelity Freedom Income Fund |
|
|
65,914 |
|
|
|
86.6 |
% |
|
|
2,629 |
|
|
|
100.0 |
% |
Fidelity Freedom 2000 Fund |
|
|
7,337,106 |
|
|
|
50.2 |
% |
|
|
6,712,177 |
|
|
|
49.5 |
% |
Fidelity Freedom 2010 Fund |
|
|
5,807,289 |
|
|
|
83.5 |
% |
|
|
5,225,477 |
|
|
|
83.9 |
% |
Fidelity Freedom 2020 Fund |
|
|
6,032,084 |
|
|
|
87.0 |
% |
|
|
6,333,699 |
|
|
|
87.1 |
% |
Fidelity Freedom 2030 Fund |
|
|
760,874 |
|
|
|
60.4 |
% |
|
|
655,419 |
|
|
|
59.1 |
% |
Fidelity Freedom 2040 Fund |
|
|
417,858 |
|
|
|
54.4 |
% |
|
|
218,990 |
|
|
|
60.7 |
% |
Spartan Extended Market Index Fund |
|
|
1,657,559 |
|
|
|
91.3 |
% |
|
|
1,195,308 |
|
|
|
91.9 |
% |
Spartan U.S. Equity Index Fund |
|
|
4,659,772 |
|
|
|
91.7 |
% |
|
|
4,557,427 |
|
|
|
93.5 |
% |
Fidelity U.S. Bond Index Fund |
|
|
1,736,652 |
|
|
|
76.2 |
% |
|
|
1,606,663 |
|
|
|
80.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,448,582 |
|
|
|
|
|
|
|
35,629,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eagle Materials Common Stock Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eagle Materials Common Stock |
|
|
5,032,134 |
|
|
|
|
|
|
|
3,741,287 |
|
|
|
|
|
Interest-Bearing Cash Equivalent |
|
|
115,873 |
|
|
|
|
|
|
|
98,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,148,007 |
|
|
|
81.9 |
% |
|
|
3,840,171 |
|
|
|
83.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centex Common Stock Fund |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Centex Common Stock |
|
|
1,036,212 |
|
|
|
|
|
|
|
873,264 |
|
|
|
|
|
Interest-Bearing Cash Equivalent |
|
|
10,410 |
|
|
|
|
|
|
|
8,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,046,622 |
|
|
|
97.4 |
% |
|
|
882,086 |
|
|
|
97.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common/Collective Investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fidelity Managed Income Portfolio Fund |
|
|
2,256,318 |
|
|
|
83.6 |
% |
|
|
2,224,862 |
|
|
|
87.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
48,899,529 |
|
|
|
|
|
|
$ |
42,576,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005
NOTE 3. INTEREST IN THE MASTER TRUST (CONTINUED)
Net investment income/(loss) of the Master Trust accounts for the year ended December 31, 2005, and
the Plans share of net investment income/(loss) of each Master Trust account is summarized as
follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
Appreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Depreciation) in |
|
|
|
|
|
|
Net |
|
|
Share in Net |
|
|
|
Fair Value of |
|
|
Interest and |
|
|
Investment |
|
|
Investment |
|
|
|
Investments |
|
|
Dividends |
|
|
Income |
|
|
Income |
|
Dreyfus Founders Discovery
Class F Fund |
|
$ |
1,176 |
|
|
$ |
|
|
|
$ |
1,176 |
|
|
|
69.6 |
% |
TCW Select Equities Class N
Fund |
|
|
1,933 |
|
|
|
|
|
|
|
1,933 |
|
|
|
(60.2 |
)% |
JPMorgan Diversified Mid Cap
Growth Class A Fund |
|
|
39,856 |
|
|
|
130,668 |
|
|
|
170,524 |
|
|
|
68.1 |
% |
American Beacon Funds Small
Cap Value Plan Ahead Class
Fund |
|
|
1,212 |
|
|
|
15,425 |
|
|
|
16,637 |
|
|
|
92.3 |
% |
Fidelity Low-Priced Stock Fund |
|
|
70,250 |
|
|
|
274,742 |
|
|
|
344,992 |
|
|
|
85.0 |
% |
Fidelity Equity-Income II Fund |
|
|
(52,019 |
) |
|
|
115,715 |
|
|
|
63,696 |
|
|
|
78.0 |
% |
Fidelity Diversified
International Fund |
|
|
238,887 |
|
|
|
64,948 |
|
|
|
303,835 |
|
|
|
85.7 |
% |
Fidelity Dividend Growth Fund |
|
|
19,569 |
|
|
|
41,031 |
|
|
|
60,600 |
|
|
|
68.9 |
% |
Fidelity Freedom Income Fund |
|
|
176 |
|
|
|
1,042 |
|
|
|
1,218 |
|
|
|
89.5 |
% |
Fidelity Freedom 2000 Fund |
|
|
92,701 |
|
|
|
208,583 |
|
|
|
301,284 |
|
|
|
49.8 |
% |
Fidelity Freedom 2010 Fund |
|
|
171,540 |
|
|
|
147,157 |
|
|
|
318,697 |
|
|
|
82.7 |
% |
Fidelity Freedom 2020 Fund |
|
|
335,495 |
|
|
|
136,391 |
|
|
|
471,886 |
|
|
|
88.0 |
% |
Fidelity Freedom 2030 Fund |
|
|
40,619 |
|
|
|
14,417 |
|
|
|
55,036 |
|
|
|
64.1 |
% |
Fidelity Freedom 2040 Fund |
|
|
20,906 |
|
|
|
7,855 |
|
|
|
28,761 |
|
|
|
56.2 |
% |
Spartan Extended Market Index
Fund |
|
|
124,758 |
|
|
|
20,312 |
|
|
|
145,070 |
|
|
|
91.9 |
% |
Spartan U.S. Equity Index Fund |
|
|
141,860 |
|
|
|
80,063 |
|
|
|
221,923 |
|
|
|
91.8 |
% |
Fidelity U.S. Bond Index Fund |
|
|
(33,598 |
) |
|
|
73,243 |
|
|
|
39,645 |
|
|
|
78.0 |
% |
Eagle Materials Common Stock
Fund |
|
|
1,571,687 |
|
|
|
|
|
|
|
1,571,687 |
|
|
|
82.0 |
% |
Centex Common Stock Fund |
|
|
177,352 |
|
|
|
|
|
|
|
177,352 |
|
|
|
97.2 |
% |
Fidelity Managed Income
Portfolio Fund |
|
|
|
|
|
|
78,618 |
|
|
|
78,618 |
|
|
|
86.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,964,360 |
|
|
$ |
1,410,210 |
|
|
$ |
4,374,570 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005
NOTE 3. INTEREST IN THE MASTER TRUST (CONTINUED)
The Plan invests in various investment securities. Investment securities are exposed to various
risks, such as interest rate, market and credit risks. Due to the level of risk associated with
certain investment securities, it is at least reasonably possible that changes in the values of
investment securities will occur in the near term and that such changes could materially affect
participants account balances and the amounts reported in the statements of net assets available
for benefits.
NOTE 4. INCOME TAX STATUS
The Plan has received a determination letter from the IRS dated June 4, 2003, stating that the Plan
is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the
related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was
amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain
its qualification. The Plan Administrator has indicated that it will take the necessary steps, if
any, to bring the Plans operations into compliance with the Code.
NOTE 5. RELATED PARTY TRANSACTIONS
Certain plan investments in the registered investment companies, the common/collective trust fund,
and the interest-bearing cash equivalent portion of the Eagle Materials Common Stock Fund are
managed by the Trustee and, therefore, these transactions qualify as party-in-interest
transactions. Additionally, a portion of the Plans assets is invested in the Companys common
stock. Because the Company is the Plan Sponsor, transactions involving the Companys common stock
qualify as party-in-interest transactions. All of these transactions are exempt from the
prohibited transaction rules.
NOTE 6. SUBSEQUENT EVENT
On January 19, 2006, the Board of Directors of the Company approved an employer profit sharing
contribution to the Plan. The total contribution was $2,086,432, net of applied forfeitures of
$150,000, which was remitted to the Master Trust in March, 2006.
9
PROFIT SHARING AND RETIREMENT PLAN OF EAGLE MATERIALS INC.
SCHEDULE
H; LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR)
EIN#: 75-2520779
PLAN #: 002
DECEMBER 31, 2005
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) |
|
|
|
|
|
|
|
|
|
(b) |
|
|
Description of Investment, |
|
|
|
|
|
|
|
|
|
Identity of Issue, |
|
|
Including Maturity Date, |
|
|
|
|
|
|
|
|
|
Borrower, Lessor, |
|
|
Rate of Interest, Collateral, |
|
|
(d) |
|
|
(e) |
|
(a) |
|
or Similar Party |
|
|
Par, or Maturity Value |
|
|
Cost |
|
|
Current Value |
|
|
* |
|
Participant loans |
|
Interest rates from 6% to 9% |
|
$ |
|
|
|
$ |
171,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
$ |
171,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the
Administrative Committee which administers the Profit Sharing and Retirement Plan of Eagle
Materials Inc. has duly caused this Annual Report to be signed on its behalf by the undersigned,
thereunto duly authorized.
PROFIT SHARING AND RETIREMENT
PLAN OF EAGLE MATERIALS INC.
|
|
|
|
|
|
|
|
Date: June 29, 2006 |
By: |
/S/ ARTHUR R. ZUNKER, JR.
|
|
|
|
Arthur R. Zunker, Jr.
Chairman, Administrative Committee |
|
INDEX TO EXHIBIT
Profit Sharing and Retirement Plan of Eagle Materials Inc.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Filed Herewith or |
Exhibit Number |
|
Exhibit |
|
Incorporated by Reference |
|
23 |
|
Consent of Ernst & Young LLP |
|
Filed herewith |
exv23
EXHIBIT 23
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 33-84394)
pertaining to the Profit Sharing and Retirement Plan of Eagle Materials Inc. of our report dated
June 26, 2006, with respect to the financial statements and schedule of the Profit Sharing and
Retirement Plan of Eagle Materials Inc. included in this Annual Report (Form 11-K) for the year
ended December 31, 2005.
Dallas, Texas
June 26, 2006