8-K

CRH PUBLIC LTD CO 8-K Report (Mar 6, 2018)

Filed March 6, 2018For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company provides an update on the name change and consolidation of its employee retirement savings plans. Specifically, the Oldcastle Materials, Inc. Retirement Savings Plan has been renamed the Oldcastle 401(k) Plan. Furthermore, several other employee profit sharing and retirement plans have been merged into this single Oldcastle 401(k) Plan, with the Oldcastle Precast, Inc. Profit Sharing Retirement Plan and Trust being a notable example of a plan merged in 2012. For investors, this filing signifies an administrative action by CRH to streamline its employee benefit programs. While not directly impacting financial performance, these consolidations can lead to administrative efficiencies and potentially more unified management of retirement assets for its U.S.-based employees. The filing is incorporated by reference into an existing Form S-8 registration statement related to the offer and sale of CRH ordinary shares.

Key Highlights

  • 1CRH Public Limited Company has updated the name of one of its employee retirement savings plans.
  • 2The Oldcastle Materials, Inc. Retirement Savings Plan is now known as the Oldcastle 401(k) Plan.
  • 3Several other legacy employee retirement and profit sharing plans have been merged into the Oldcastle 401(k) Plan.
  • 4The Oldcastle Precast, Inc. Profit Sharing Retirement Plan and Trust was merged into the Oldcastle 401(k) Plan on April 2, 2012.
  • 5This filing is a Form 6-K, reporting information for foreign private issuers.
  • 6The information is incorporated by reference into CRH's Form S-8 registration statement (File No. 333-165870).
  • 7The filing indicates administrative actions related to employee benefits in the U.S.

Frequently Asked Questions

The main purpose of this filing is to inform the SEC about a name change and the subsequent consolidation of several employee retirement savings plans under CRH's U.S. subsidiary, Oldcastle. The Oldcastle Materials, Inc. Retirement Savings Plan has been renamed the Oldcastle 401(k) Plan, and various other plans have been merged into it.

This filing primarily concerns administrative changes to employee benefit plans. While it can lead to administrative efficiencies and better management of retirement assets, it is not expected to have a direct or immediate impact on CRH's overall financial performance or revenue.

The filing lists numerous plans that have been merged or are successors by merger into the Oldcastle 401(k) Plan. These include the Oldcastle Precast, Inc. Profit Sharing Retirement Plan and Trust, along with various profit sharing, savings, and 401(k) plans from former Oldcastle subsidiaries like Oldcastle Materials Group, Allied Building Products Corp., Betco Block & Products, Inc., Oldcastle Glass, Inc., Oldcastle Architectural Products Group, Pike Industries, Inc., Hallett Construction Company, and Pennsy Supply, Inc.

CRH is a foreign private issuer, and a Form 6-K is used by foreign private issuers to report certain information which the issuer has made or is required to make public pursuant to the laws of its home country, or which it has filed or may be required to file with any stock exchange or which it has made or may be required to make public to shareholders. CRH files its annual reports on Form 20-F, which is standard for foreign private issuers.