AGX Argan Inc

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): July 1, 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)

Registrant’s 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))

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Item 8.01.

Other Events.

On July 1, 2015, Argan, Inc. (“Argan”) issued a press release announcing that its wholly-owned subsidiary, Gemma Power Systems (“GPS”), has entered into an engineering, procurement and construction (EPC) contract with Moxie Freedom, LLC for the design and construction of a 1,000 megawatt gas-fired power plant in Pennsylvania (the “Project”) and that GPS has received limited notice to proceed with early activities for the Project which is expected to be completed by mid-2018.

A copy of Argan’s 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 July 1, 2015.

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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: July 1, 2015				By:		/s/ Cynthia A. Flanders
						Cynthia A. Flanders
						Senior Vice President, Chief Financial Officer and Secretary

EXHIBIT INDEX

 

		Exhibit No.		Description
		99.1		Press Release issued by Argan on July 1, 2015.

Exhibit 99.1		July 1, 2015

Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems

Receives Limited Notice to Proceed for Combined Cycle Power Project

From Moxie Freedom LLC

Rockville, Md. - Argan, Inc. (NYSE MKT: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems (GPS) has entered into an EPC Agreement with Moxie Freedom LLC and received a limited notice to proceed to commence early activities for the engineering, procurement and construction of a 1,000 MW combined cycle power plant to be located in Luzerne County, PA. Moxie Freedom is an affiliate of Moxie Energy, LLC. The contract is expected to be completed by mid-2018.

Rainer Bosselmann, Chairman and CEO of Argan, Inc., stated, “We’re excited to continue our relationship with Moxie Energy and we look forward to constructing another large scale, state of the art power facility in Pennsylvania.”

About Argan, Inc.

Argan’s primary business is designing and building energy plants through its Gemma Power Systems subsidiary. These energy plants include simple and combined cycle natural gas-fired power plants as well as alternative energy facilities including biodiesel, ethanol, and those powered by renewable energy sources such as wind and solar. Argan also owns Atlantic Projects Company Limited and 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 Company’s ability to achieve its business strategy while effectively managing costs and expenses; (2) the Company’s ability to successfully and profitably integrate acquisitions; and (3) the continued strong performance of our power industry services business. 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 Argan’s 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 Company’s 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