8-KThe WireRoutine
Company Update
Filed Dec 14, 2022 · 3y ago · Accession 0001558370-22-018642
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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): December 14, 2022
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))
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Title of Each Class:
Trading Symbol(s):
Name of Each Exchange on
Which Registered:
Common Stock, $0.15 Par Value
AGX
New York Stock Exchange
Item 8.01. Other Events.
On December 14, 2022, Argan Inc. (“Argan” or the “Company”) issued a press release (the “Press Release”) announcing that the Company’s Board of Directors (the “Board”) declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable January 31, 2023 to stockholders of record at the close of business on January 20, 2023.
The Press Release also announced that the Board approved an increase in the Company’s existing share repurchase program, from $100 million to $125 million, to acquire shares of the Company’s common stock. The Company has repurchased shares at a cost of approximately $84 million under the authorization to-date.
A copy of Argan’s Press Release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press Release issued by Argan on December 1 4 , 2022
104
Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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: December 14, 2022
By:
/s/ Richard H. Deily
Richard H. Deily
Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary
Filing details
- Company
- ARGAN INC
- Ticker
- AGX
- CIK
- 100591
- Form type
- 8-K
- Filing date
- Dec 14, 2022
- Report date
- Dec 14, 2022
- Document
- agx-20221214x8k.htm
- Size
- 185 KB