Current Report Filing (8-k)
May 14 2015 - 4:08PM
Edgar (US Regulatory)
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): May 12, 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) |
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)) |
On May 12, 2015, Argan, Inc. (Argan) issued a press
release announcing that it has entered into a share purchase agreement to acquire Atlantic Projects Company Limited (APC) in exchange for a combination of cash and common stock of Argan. APC is a leading provider of construction
and technical services for power generation, oil & gas, industrial and process industry customers worldwide. The transaction is expected to close by May 31, 2015. 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 May 12, 2015. |
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: May 14, 2015 |
|
By: |
|
/s/ Cynthia
Flanders |
|
|
|
|
Cynthia Flanders |
|
|
|
|
Senior Vice President and |
|
|
|
|
Chief Financial Officer |
EXHIBIT INDEX
|
|
|
Exhibit No. |
|
Description |
|
|
99.1 |
|
Argan, Inc., Press Release, issued May 12, 2015. |
Exhibit 99.1
Argan, Inc. Acquires Atlantic Projects Company Limited
May 12, 2015 ROCKVILLE, MD Argan, Inc. (NYSE: AGX) announced today that it has entered into a share purchase agreement to acquire Atlantic
Projects Company Limited (APC) in exchange for a combination of cash and common stock of Argan, Inc. APC is a leading provider of construction and technical services for power generation, oil & gas, industrial and
process industry customers worldwide. The transaction is expected to close by May 31, 2015.
Formed in Dublin, Ireland, over forty years ago, APC
provides turbine, boiler and large rotating equipment installation, commissioning and outage services to original equipment manufacturers, EPC contractors and plant owners worldwide. The company has successfully completed projects in more than
thirty countries on six continents. With APC offices in Hong Kong, Singapore and New York, this acquisition will expand Argans operations internationally.
APC will continue to operate under its own name and with its own management team as part of the Argan group of companies.
Argans CEO, Rainer Bosselmann said, We are very excited about our investment in APC, whose industry expertise and geographic reach
provide immediate value to our operations. This addition will allow us to expand in markets that offer tremendous opportunities.
We
are delighted to have found in Argan a partner who shares our commitment to customer service, quality and innovation. By combining the technical and operational strengths of APC with the financial and management capabilities of Argan we will be able
to expand and enhance the range of services and benefits that we provide to our clients, said Philip Healy, Managing Director of APC.
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 |
|
|
|
Cynthia Flanders |
301.315.0027 |
|
|
|
301.315.0027 |
Argan (NYSE:AGX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Argan (NYSE:AGX)
Historical Stock Chart
From Jul 2023 to Jul 2024