Current Report Filing (8-k)
September 22 2015 - 1:08PM
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): September 18, 2015
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 of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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 obligations 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))
Item 8.01 Other Events.
On September 18, 2015, Argan, Inc. (Argan) announced that its Board of Directors declared a regular cash dividend of $0.70 per share of common stock, payable on November 5, 2015 to stockholders of record at the close of business on October 15, 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. |
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Description |
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99.1 |
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Argan, Inc., Press Release, issued September 18, 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.
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ARGAN, INC. |
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Date: September 22, 2015 |
By: |
/s/ Cynthia A. Flanders |
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Cynthia A. Flanders |
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Senior Vice President and |
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Chief Financial Officer |
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EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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Argan, Inc., Press Release, issued September 18, 2015. |
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Exhibit 99.1
![GRAPHIC](g199931mmi001.jpg)
ARGAN, INC. ANNOUNCES 2015 REGULAR CASH DIVIDEND
September 18, 2015 ROCKVILLE, MD Argan, Inc. (NYSE: AGX) today announced that its Board of Directors declared a regular cash dividend in the amount of $0.70 per share of common stock, payable November 5, 2015 to shareholders of record at the close of business on October 15, 2015. Rainer Bosselmann, Chairman and Chief Executive Officer, commented, Argan is pleased to announce the payment of a regular cash dividend of $0.70 per share of common stock for the fiscal year ending 2016. Gemma Power Systems continues to successfully execute the Panda projects in Pennsylvania.
The Argan, Inc. Board of Directors, by moving from a special cash dividend to a regular cash dividend reaffirms its strong support of our successful operations and its desire to share Argans economic success with its shareholders. The Board will continue to evaluate Argan, Inc.s ongoing financial and operational performance in determining the amount and timing of future dividends to ensure they are strategically aligned to enhance shareholder value.
About Argan, Inc.
Argans primary business is providing services to the power industry with a full range of engineering, procurement, construction, commissioning, operations management, maintenance and development and consulting through its subsidiaries Gemma Power Systems and Atlantic Projects Company. Argan also owns Southern Maryland Cable, Inc., which provides telecommunications infrastructure services.
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 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 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 |
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