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): September 12, 2018
ARGAN, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware |
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001-31756 |
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13-1947195 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
One Church Street, Suite 201, Rockville, MD |
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20850 |
(Address of Principal Executive Offices) |
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(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o
Item 8.01 Other Events.
On September 12, 2018, Argan announced that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable on October 31, 2018 to stockholders of record at the close of business on October 24, 2018.
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. |
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Description |
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99.1 |
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Press Release issued by Argan on September 12, 2018 |
EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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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 hereunto duly authorized.
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ARGAN, INC. | |
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Date: September 12, 2018 |
By: |
/s/ David H. Watson |
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David H. Watson |
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Senior Vice President, Chief Financial Officer, Treasurer and Secretary |
ARGAN, INC. DECLARES REGULAR QUARTERLY DIVIDEND OF $0.25 PER SHARE
September 12, 2018 ROCKVILLE, MD Argan, Inc. (NYSE: AGX) announced its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable October 31, 2018 to stockholders of record at the close of business on October 24, 2018.
Rainer Bosselmann, Chairman and Chief Executive Officer, commented, Argan is pleased to announce this cash dividend which represents a continuation of the quarterly cash dividend program commenced earlier this year. We do appreciate the support of our stockholders and welcome this opportunity to share a portion of our recent profitable financial results with them.
About Argan, Inc.
Argans primary business is providing a full range of services to the power industry including the engineering, procurement and construction of natural gas-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 SMC Infrastructure Solutions, which provides telecommunications infrastructure services, and The Roberts Company, which is a fully integrated fabrication, construction and industrial 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 operational performance of our power industry services business; (2) the Companys successful addition of new contracts to backlog and the Companys receipt of notices to proceed with the corresponding contract activities; and (3) the Companys ability to execute on 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 described from time to time in Argans filings with the SEC. In addition, reference is hereby made to the cautionary statements made by us 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: |
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Investor Relations Contact: |
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Rainer Bosselmann |
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David Watson |
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301.315.0027 |
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301.315.0027 |