UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Eagle Materials Inc.
(formerly Centex Construction Products, Inc.)
Common Stock, par value $.01 per share
Class B Common Stock, par value $.01 per share
26969P 10 8
26969P 20 7
Raymond G. Smerge
2728 North Harwood
Dallas, Texas 75201
(214) 981-6530
January 30, 2004
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons 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).
Page 1
CUSIP No. | 26969P 10 8 26969P 20 7 |
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1. | Name of Reporting Person: Centex Corporation |
I.R.S. Identification Nos. of above persons (entities only): 75-0778259 |
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2. | Check the Appropriate Box if a Member of a Group (See Instructions): | |||||
(a) | o | |||||
(b) | o | |||||
3. | SEC Use Only: | |||||
4. | Source of Funds (See Instructions): Not applicable |
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5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o | |||||
6. | Citizenship or Place of Organization: Nevada |
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Number of Shares Beneficially Owned by Each Reporting Person With | ||||||
7. | Sole Voting Power: Common Stock: None; Class B Common Stock: None | |||||
8. | Shared Voting Power: Common Stock: None; Class B Common Stock: None | |||||
9. | Sole Dispositive Power: Common Stock: None; Class B Common Stock: None | |||||
10. | Shared Dispositive Power: Common Stock: None; Class B Common Stock: None | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person: Common Stock: None; Class B Common Stock: None |
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12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o |
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13. | Percent of Class Represented by Amount in Row (11): Common Stock: 0%; Class B Common Stock: 0% | |||||
14. | Type of Reporting Person (See Instructions): CO |
Amendment No. 4 to Schedule 13D
This Amendment No. 4 amends and supplements the Schedule 13D originally filed by Centex Corporation (Centex) on March 26, 1997, as amended by Amendment No. 1 thereto, dated June 10, 1997, Amendment No. 2 thereto, dated July 21, 2003 (Amendment No. 2), and Amendment No. 3 thereto, dated November 5, 2003 (Amendment No. 3). Such Schedule 13D, as amended, is referred to herein as the Schedule 13D.
Item 1. Security and Issuer
Item 1 of the Schedule 13D is hereby amended to read as follows:
The titles of the classes of equity securities to which this Schedule 13D relates are (i) the Common Stock, par value $.01 per share (Common Stock), of Eagle Materials Inc., a Delaware corporation known as Centex Construction Products, Inc. prior to January 30, 2004 (the Issuer), and (ii) the Class B Common Stock, par value $.01 per share (Class B Common Stock) of the Issuer. The Schedule 13D originally filed by Centex related solely to the Common Stock. However, as a result of the Reclassification (as defined below) completed on January 30, 2004, certain of the shares of Common Stock held by Centex were converted into shares of Class B Common Stock as described below. The principal executive offices of the Issuer are located at 2728 North Harwood, Dallas, Texas 75201. Terms used herein and not otherwise defined have the meanings given such terms in Amendment Nos. 2 and 3 to the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended to include the following information:
As described in Amendment No. 3, on November 4, 2003, (i) Centex and the Issuer entered into an Amended and Restated Distribution Agreement, a copy of which is attached as an exhibit to Amendment No. 3 (the Distribution Agreement), and (ii) Centex, ARG Merger Corporation, a wholly owned subsidiary of Centex (Merger Sub), and the Issuer entered into an Amended and Restated Agreement and Plan of Merger, a copy of which is attached as an exhibit to Amendment No. 3 (the Merger Agreement).
On January 29, 2004, in accordance with the Merger Agreement, Centex contributed 9,220,000 of the shares of Common Stock owned by it (the Contributed Shares) to Merger Sub and Centex retained the remaining 2,742,304 shares of Common Stock owned by it (the Additional Shares). Thereafter, on January 30, 2004, Merger Sub merged with and into the Issuer, with the Issuer as the surviving corporation. As a result of the merger, (i) all the outstanding shares of common stock of Merger Sub (all of which were owned by Centex) were converted into 9,220,000 shares of Class B Common Stock, (ii) all of the outstanding shares of Common Stock held by Merger Sub were cancelled, with no consideration paid in exchange therefor, and (iii) all other outstanding shares of Common Stock, including the Additional Shares, were not affected and continue to be outstanding. As a result of the reclassification described above (the Reclassification), the outstanding common stock of the Issuer currently consists of two separate classes. The rights of holders of each class are substantially the same, except that (a) the holders of the outstanding shares of Class B Common Stock are entitled to elect at least 85% of the directors of the Issuer and (b) the holders of the outstanding shares of Common Stock are entitled to elect up to 15% of the directors of the Issuer. For additional information relating to the capital stock of the Issuer, see Amendment No. 2. In addition, as provided in the Merger Agreement, the Issuer was renamed Eagle Materials Inc. by virtue of the merger of Merger Sub with and into the Issuer.
On January 30, 2004, after giving effect to the Reclassification, Centex distributed on a pro rata basis to the record holders of its common stock, par value $.25 per share (Centex Common Stock), all of the shares of Class B Common Stock that it received in the Reclassification and all of the Additional Shares. This distribution (the Distribution) was made to the holders of record of Centex Common Stock as of January 14, 2004.
As a result of the Distribution, Centex is no longer the beneficial owner of any shares of the Common Stock or the Class B Common Stock of the Issuer.
Item 6. Contracts, Agreements, Understandings or Relationships with Respect to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended to include the following information:
As stated in Amendments No. 2 and 3 to the Schedule 13D, the principal agreements governing the Reclassification and the Distribution are the Merger Agreement and the Distribution Agreement. A description of the terms and effects of these agreements is included in Amendments No. 2 and 3. Copies of the Distribution Agreement and the Merger Agreement are attached to Amendment No. 3, as Exhibits 99.1 and 99.2, respectively.
A copy of the press release announcing the consummation of the Reclassification and the Distribution is attached to this Amendment as Exhibit 99.3. The press release attached hereto as Exhibit 99.3 is incorporated by this reference into this Item 6 and the foregoing is qualified in its entirety by reference to such Exhibit 99.3.
Item 7. Material to Be Filed as Exhibits
Exhibit |
Description |
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99.3 |
Press Release issued by Centex on January 30, 2004. |
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, complete and correct.
CENTEX CORPORATION |
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By: | /s/ Raymond G. Smerge | |||
Name: | Raymond G. Smerge | |||
Title: | Executive Vice President, Chief Legal Officer and Secretary |
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EXHIBIT INDEX
Exhibit |
Description |
|
99.3 |
Press Release issued by Centex on January 30, 2004. |
Exhibit 99.3
FOR IMMEDIATE RELEASE
For additional information, contact at 214-981-6901:
Matthew G. Moyer, Vice President Investor Relations
CENTEX COMPLETES SPIN-OFF OF
CENTEX CONSTRUCTION PRODUCTS, INC.
DALLAS Jan. 30, 2004: Centex Corporation (NYSE: CTX) announced today that it has completed the distribution to its stockholders, on a tax-free basis, of all of the shares of common stock of Centex Construction Products, Inc. (NYSE: CXP) held by Centex.
In connection with the distribution, CXP has changed its name to Eagle Materials Inc. (EXP). As of Feb. 2, 2004, EXPs existing class of common stock will trade on the New York Stock Exchange under the symbol EXP and its new Class B common stock will trade under the symbol EXP.B.
Centex stockholders received approximately 0.044322 shares of EXPs original class of common stock and approximately 0.149019 shares of EXPs new Class B common stock for each share of Centex common stock held on the record date of January 14, 2004. The rights of the holders of the two classes of EXP stock are substantially the same, except that the holders of Class B common stock have the right to elect at least 85% of the members of the EXP Board of Directors.
Centex has effected delivery today of the shares of EXP common stock and Class B common stock to Centex stockholders using book entry transfer. Centex stockholders who wish to receive certificates evidencing their shares should contact Mellon Shareholder Services, L.L.C., which is acting as distribution agent for the spin-off and as transfer agent for EXP. No fractional shares of EXP stock are being distributed, and stockholders who otherwise would receive fractional shares instead will receive a cash payment in lieu of fractional shares, which will be taxable.
On Jan. 29, 2004, Centex Construction Products paid a special dividend in the amount of $6.00 per share to its stockholders, including Centex Corporation. The portion of this dividend paid to Centex Corporation totaled approximately $71.8 million. These funds will be used by Centex for general corporate purposes.
Eagle Materials Inc. is a Dallas-based company that manufactures and distributes cement, gypsum wallboard, recycled paperboard and concrete and aggregates.
Through its subsidiaries, Centex Corporation, a Fortune 250 company, ranks as one of the nations premier companies in the Home Building, Financial Services, Home Services and Construction Services industries.
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Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when Centex is discussing its beliefs, estimates or expectations. These statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements.