0001104659-15-057518.txt : 20150807 0001104659-15-057518.hdr.sgml : 20150807 20150807101511 ACCESSION NUMBER: 0001104659-15-057518 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150805 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150807 DATE AS OF CHANGE: 20150807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARGAN INC CENTRAL INDEX KEY: 0000100591 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] IRS NUMBER: 131947195 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31756 FILM NUMBER: 151035458 BUSINESS ADDRESS: STREET 1: ONE CHURCH STREET SUITE 201 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 301 315-0027 MAIL ADDRESS: STREET 1: ONE CHURCH STREET SUITE 201 CITY: ROCKVILLE STATE: MD ZIP: 20850 FORMER COMPANY: FORMER CONFORMED NAME: PUROFLOW INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ULTRA DYNAMICS CORP DATE OF NAME CHANGE: 19830522 8-K 1 a15-17170_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): August 5, 2015

 

ARGAN, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

001-31756

 

13-1947195

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

One Church Street, Suite 201, Rockville, MD

 

20850

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (301) 315-0027

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01.  Other Events.

 

On August 5, 2015, Argan, Inc. (“Argan”) issued a press release announcing that its wholly-owned subsidiary, Gemma Power Systems (“GPS”), has entered into a turnkey engineering, procurement and construction (EPC) contract with Exelon West Medway II, LLC (“West Medway”) for the design and construction of a dual-fuel 200 megawatt simple cycle gas-fired peaking power plant in Massachusetts (the “Project”). GPS has received limited notice to proceed with early activities for the Project which has a corresponding contract value of approximately $100 million with an expected completion date in mid-2018.

 

West Medway is owned by Exelon Generation Company, LLC and Exelon Corporation (NYSE: EXC).

 

A copy of Argan’s press release is attached to this report as Exhibit 99.1 and incorporated herein by reference.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release issued by Argan on August 5, 2015.

 

2



 

SIGNATURES

 

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 hereunto duly authorized.

 

 

 

ARGAN, INC.

 

 

 

Date: August 7, 2015

 

By:

/s/ Cynthia A. Flanders

 

 

 

Cynthia A. Flanders

 

 

 

Senior Vice President, Chief Financial Officer and Secretary

 

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release issued by Argan on August 5, 2015.

 

3


EX-99.1 2 a15-17170_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

August 5, 2015

 

Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems

Enters into an EPC Agreement with Exelon

 

Rockville, Md.  —  Argan, Inc. (NYSE: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems, LLC (GPS) has entered into a Turnkey Engineering, Procurement and Construction Contract with Exelon West Medway II, LLC, a wholly owned subsidiary of Exelon Generation Company, LLC and Exelon Corporation (NYSE: EXC) and received a limited notice to proceed to commence early activities for the engineering, procurement and construction of a dual-fuel 200 MW simple cycle peaking power plant to be located adjacent to Exelon’s existing West Medway Generating Station in Medway, Massachusetts. The full notice-to-proceed is contingent upon Exelon receiving all Massachusetts regulatory approvals for the project.  The contract value is approximately $100 million and has an expected completion date of mid-2018.

 

Rainer Bosselmann, Chairman and CEO of Argan, Inc., stated, “We’re delighted that GPS was selected to perform this contract. We look forward to working with Exelon and assisting them in delivering clean, reliable energy to the New England region.”

 

About Argan, Inc.

 

Argan’s primary business is designing and building energy plants through its Gemma Power Systems subsidiary. These energy plants include simple and combined cycle natural gas-fired power plants as well as alternative energy facilities including biodiesel, ethanol, and those powered by renewable energy sources such as wind and solar. Argan also owns Atlantic Projects Company Limited and Southern Maryland Cable, Inc.

 

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to: (1) the Company’s ability to achieve its business strategy while effectively managing costs and expenses; (2) the Company’s ability to successfully and profitably integrate acquisitions; and (3) the continued strong performance of our power industry services business. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in Argan’s filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements with respect to risk factors set forth in the Company’s most recent reports on Form 10-K and 10-Q, and other SEC filings.

 

Company Contact:

Investor Relations Contact:

Rainer Bosselmann

Cynthia Flanders

(301) 315-0027

(301) 315-0027

 


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