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 18, 2014
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) |
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:
¨ | 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 September 18, 2014, Argan, Inc. (Argan, Inc.) announced that its Board of Directors declared a special cash dividend of $0.70 per share of common stock, payable on November 6, 2014 to stockholders of record at the close of business on October 15, 2014.
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 | Argan, Inc., Press Release, issued September 18, 2014. |
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: September 18, 2014 | By: | /s/ Arthur F. Trudel | ||||
Arthur F. Trudel | ||||||
Senior Vice President and | ||||||
Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Argan, Inc., Press Release, issued September 18, 2014. |
Exhibit 99.1
ARGAN, INC. ANNOUNCES 2014 SPECIAL CASH DIVIDEND
September 18, 2014 ROCKVILLE, MD Argan, Inc. (NYSE: AGX) today announced that its Board of Directors declared a special cash dividend of $0.70 per share of common stock, payable November 6, 2014 to shareholders of record at the close of business on October 15, 2014.
Rainer Bosselmann, Chairman and Chief Executive Officer, commented, Argan is pleased to announce the special cash dividend of $0.70 per share of common stock. Gemma Power Systems has successfully commenced the Panda Liberty and Panda Patriot projects. The Argan, Inc. Board of Directors, by virtue of the fourth consecutive annual special cash dividend, reaffirms its strong support for our continued successful power industry services and operations and its desire to share Argans economic success with its shareholders. The Board annually evaluates Argan, Inc.s ongoing financial and operational performance in determining the declaration of dividends strategically aligned to enhancing shareholder value.
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 biomass, wind 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 | 301.315.9467 |
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