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): June 20, 2016
ARGAN, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware |
|
001-31756 |
|
13-1947195 |
(State or Other Jurisdiction |
|
(Commission |
|
(IRS Employer |
One Church Street, Suite 201, Rockville, MD |
|
20850 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrants 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 June 20, 2016, Argan, Inc. issued a press release announcing its wholly-owned subsidiary, Gemma Power Systems, achieved substantial completion on the Panda Patriot combined cycle power project in Pennsylvania. The press release also discussed the previously reported April 2016 achievement of substantial completion on the Panda Liberty combined cycle power project in Pennsylvania.
A copy of Argans 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 June 20, 2016. |
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: June 21, 2016 |
By: |
/s/ David H. Watson |
|
|
David H. Watson |
|
|
Senior Vice President, Chief Financial Officer and Secretary |
Exhibit 99.1
June 20, 2016
Argan, Inc.s Wholly Owned Subsidiary Gemma Power Systems Completes Two Major Pennsylvania Power Projects
Rockville, Md. Argan, Inc. (NYSE: AGX) announced today that its wholly owned subsidiary, Gemma Power Systems, LLC (GPS), has achieved Substantial Completion for both the Panda Liberty and Panda Patriot combined cycle power projects in Pennsylvania.
The twin 829 MW projects located in Bradford and Lycoming County, Pennsylvania, are state-of-the-art natural gas-fired facilities that will provide clean, reliable electric power to more than two million homes. These facilities were the first projects to be designed and sited specifically to capitalize on the Marcellus Shale natural gas formation in Pennsylvania.
As previously reported with the Companys first quarter earnings, Panda Liberty achieved substantial completion in April 2016. The Company can now report that its twin project, Panda Patriot, achieved substantial completion on June 14, 2016. Substantial Completion means the facility has been turned over to the owner for commercial operation.
GPS, through a joint venture with The Lane Construction Corporation (Lane), was the Engineering-Procurement-Construction contractor for the projects.
I want to recognize and thank all of the dedicated and creative men and women of GPS and Lane who worked tirelessly on these complex projects and delivered two world class projects to Panda Power Funds, said William F. Griffin, Jr., GPS Chief Executive Officer.
We also congratulate Panda Power Funds on adding two clean, highly efficient power projects to their growing portfolio, Griffin said. We appreciate the opportunity Panda gave us to again demonstrate our capabilities as we answer the challenge of building complex energy projects, he said.
About Argan, Inc.
Argans primary business is providing a full range of services to the power industry including the engineering, procurement and construction of gas-fired and biomass-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns Southern Maryland Cable, which provides telecommunications infrastructure services, and The Roberts Company, which is a fully integrated fabrication, construction and plant services company.
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 continued strong performance of our power industry services business; (2) the Companys ability to successfully and profitably integrate acquisitions; and (3) the Companys ability to achieve its business strategy while effectively managing costs and expenses. 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 Argans filings with the SEC. In addition, reference is hereby made to cautionary statements with respect to risk factors set forth in the Companys most recent reports on Form 10-K and 10-Q, and other SEC filings.
|
|
Company Contact: |
Investor Relations Contact: |
Rainer Bosselmann |
David Watson |
301.315.0027 |
301.315.0027 |
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end