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): January 23, 2012
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, including 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 (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | 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 January 23, 2012, the Company announced that its wholly-owned affiliate, Gemma Renewable Power, LLC, a Delaware limited liability company, was awarded a contract by Patton Wind Farm LLC, a wholly-owned subsidiary of EverPower Wind Holdings, Inc., for the design and construction of a 30 megawatt wind energy project located near Ebensburg, Pennsylvania. The project includes the installation of fifteen (15) wind turbines and has an anticipated completion date of late 2012.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
Description | |
99.1 | Argan, Inc., Press Release, issued January 23, 2012. |
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: January 23, 2012 |
By: | /s/ Arthur F. Trudel | ||||
Arthur F. Trudel, Senior Vice President and Chief Financial Officer |
2
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Argan, Inc., Press Release, issued January 23, 2012. |
3
Exhibit 99.1
NEWSFOR IMMEDIATE RELEASE
Gemma Renewable Power LLC Signs EPC Contract and Receives Notice to Proceed for
$18 million Wind Farm Project
January 23, 2012 Rockville, MD Argan, Inc. (NYSE AMEX: AGX) announced that its wholly-owned affiliate Gemma Renewable Power LLC has signed an approximately $18 million EPC contract with Patton Wind Farm LLC, a wholly-owned subsidiary of EverPower Wind Holdings, Inc. to design and build a 30 MW wind farm. The Patton Wind Farm located near Ebensburg, Pennsylvania will consist of 15 Gamesa wind turbines. In addition to erecting towers and wind turbines, Gemma Renewable Power will provide design and construction of access roads, foundations, electrical collection systems and an interconnecting substation. Gemma Renewable Power has received a Notice to Proceed on this contract with an anticipated completion in December 2012.
Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, stated, We are very pleased to sign the EPC contract with Patton Wind and welcome the opportunity to work with the EverPower team on this wind farm project.
About Argan, Inc.
Argans primary business is designing and building energy plants through its Gemma Power Systems subsidiary. These energy plants include traditional gas as well as alternative energy including biodiesel, ethanol, and renewable energy sources such as wind power and solar. Argan also owns 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 Companys ability to achieve its business strategy while effectively managing costs and expenses; (2) the Companys ability to successfully and profitably integrate acquisitions; and (3) the continued strong performance of the energy sector. 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 Securities and Exchange Commission. 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 |
Arthur Trudel | |
301.315.0027 |
301-315-8072 |
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