UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A - 16 OR 15D - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
01
March 2017
Commission
File No. 001-32846
____________________________
CRH
public limited company
(Translation of registrant's name into English)
____________________________
Belgard Castle, Clondalkin,
Dublin 22, Ireland.
(Address of principal executive offices)
____________________________
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F X Form
40-F___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(7):________
REMUNERATION
ARRANGEMENTS - RETIRED EXECUTIVE DIRECTOR
1 March
2017
As
previously announced, Mr. Mark Towe retired from the Board and
ceased to be a Director of the Company on 31 December 2016. He
remains a Group employee and holds the position of Chairman, CRH
Americas. Information in relation to Mr. Towe's remuneration
arrangements on retirement are set out below. All arrangements are
in line with the Company's stated Remuneration Policy (published in
the 2015 Annual Report), as approved by the shareholders at the
2016 Annual General Meeting (the "Policy").
Salary,
pension and benefits:
All
outstanding salary and pension entitlements related to Mr. Towe's
executive directorship were paid prior to 31 December 2016 and will
be disclosed in the 2016 Directors' Remuneration Report. No payment
for loss of office was made to Mr. Towe.
Annual
Bonus Plan/Deferred Share Awards:
As Mr.
Towe was an executive Director up to 31 December 2016 he will
receive an annual bonus in respect of 2016. 25% of his 2016 bonus
will be deferred for three years, in line with the Policy. His
outstanding deferred bonus share awards will continue in effect and
vest on their normal vesting dates. In the event that Mr. Towe
ceases to be employed by the Group, the vesting for any outstanding
awards will be determined by the Remuneration Committee in
accordance with the Policy. Full details in relation to the annual
bonus will be disclosed in the 2016 Directors' Remuneration
Report.
Long-term Incentive
Awards:
The
Remuneration Committee of CRH plc has determined that Mr. Towe's
outstanding awards under the 2014 Performance Share Plan will
continue in effect and vest on their normal vesting dates, subject
to performance over their respective performance periods as
determined and approved in the normal manner by the Remuneration
Committee at the appropriate time, subject to Mr. Towe remaining in
employment. In the event that Mr. Towe ceases to be employed by the
Group, the vesting for any outstanding awards will be determined by
the Remuneration Committee in accordance with the Policy. Mr.
Towe's outstanding share option granted under the 2010 Share Option
Scheme (the "2010 Scheme"), which vested in 2016, will continue in
effect and may be exercised in accordance with the provisions of
the rules of the 2010 Scheme. Further details in relation to Mr.
Towe's share incentive awards will be disclosed in the 2016
Directors' Remuneration Report.
2017
Remuneration:
For
2017 and onwards, Mr. Towe will be remunerated as an employee, in
line with the Company's normal remuneration framework.
Contact
Neil
Colgan
Company
Secretary
Tel:
+353 1 6344340
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
CRH public limited company
(Registrant)
Date 01
March 2017
By:___/s/Neil
Colgan___
N.Colgan
Company Secretary