MARTIN MARIETTA MATERIALS INC 8-K

What Happened

• Martin Marietta Materials, Inc. (MLM) announced on February 23, 2026 that it completed an Equity and Asset Exchange Agreement with Quikrete Holdings, Inc. (agreement dated August 3, 2025).
• Under the transaction, Martin Marietta transferred its cement and ready‑mix concrete assets tied to the Midlothian cement plant and North Texas ready‑mix sites (plus certain nonoperating land) to Quikrete.
• In exchange, Martin Marietta received Quikrete’s aggregates operations in Virginia, Missouri, Kansas and Vancouver, British Columbia, plus $450 million in cash.

Key Details

• Transaction completion date: February 23, 2026.
• Exchange Agreement originally dated: August 3, 2025.
• Cash consideration to Martin Marietta: $450 million.
• Filed materials: press release and investor presentation furnished as Exhibits 99.1 and 99.2 to the Form 8‑K.

Why It Matters

• The deal materially shifts Martin Marietta’s asset mix—trading certain cement and ready‑mix operations for aggregates assets in several U.S. states and Canada—along with a substantial cash inflow.
• The $450M cash receipt is a concrete, disclosed financial benefit from the transaction; investors can review the company’s press release and investor presentation (filed with the 8‑K) for management commentary and potential uses of proceeds.