Argan (NYSE: AGX) sets $0.50 dividend and reports 2026 vote results
Rhea-AI Filing Summary
Argan, Inc. reported the results of its 2026 Annual Meeting and confirmed that three matters were resolved by stockholder vote, including the election of directors and related proposals shown in detailed vote counts.
The Board also declared a regular quarterly cash dividend of $0.50 per share on common stock, payable on July 31, 2026 to stockholders of record at the close of business on July 23, 2026. The company emphasized that continuing this dividend recognizes long-term shareholder support and is positioned against what management describes as strong demand for its power and infrastructure construction services.
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8-K Event Classification
Key Figures
Key Terms
broker non-votes financial
regular quarterly cash dividend financial
record at the close of business financial
Annual Meeting of the Stockholders financial
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Item 5.07. Submission of Matters to a Vote of Security Holders.
At the 2026 Annual Meeting of the Stockholders of Argan, Inc. (“Argan” or the “Company”) held on June 10, 2026, the following three (3) matters were resolved by the stockholders of Argan.
| (1) | The election of the following nine (9) members to the Board of Directors of the Company (the “Board”), each to serve until the 2027 Annual Meeting of Stockholders and until his/her successor has been elected and qualified or until his/her earlier resignation, death or removal: |
| • | Lisa L. Alexander |
| • | Cynthia A. Flanders |
| • | Peter W. Getsinger |
| • | William F. Griffin, Jr. |
| • | John R. Jeffrey, Jr. |
| • | William F. Leimkuhler |
| • | James W. Quinn |
| • | Karen A. Sweeney |
| • | David H. Watson |
| (2) | The non-binding advisory approval of the Company’s executive compensation (the “say-on-pay” vote). |
| (3) | The ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accountants for the fiscal year ending January 31, 2027. |
Item 8.01. Other Events.
On June 10, 2026, Argan issued a press release announcing that its Board declared a regular quarterly cash dividend in the amount of $0.50 per share of common stock, payable on July 31, 2026 to stockholders of record at the close of business on July 23, 2026.
A copy of Argan’s Press Release is attached to this report as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. | | Description |
99.1 | Results of Voting at the 2026 Annual Meeting of the Stockholders of Argan, Inc. | |
99.2 | | Press Release issued by Argan on June 10, 2026 |
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.
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| ARGAN, INC. | ||||
Date: June 10, 2026 |
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| By: |
| /s/ Joshua S. Baugher | |
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| Joshua S. Baugher | |||
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| Senior Vice President, Chief Financial Officer and Treasurer | |||
Exhibit 99.1
ARGAN, INC.
RESULTS OF VOTING
2026 ANNUAL MEETING OF THE STOCKHOLDERS OF ARGAN, INC.
June 10, 2026
| (1) | The election of the following nine (9) directors to the Board of Directors of the Company, each to serve until the 2027 Annual Meeting of Stockholders and until his/her successor has been elected and qualified or until his/her earlier resignation, death or removal. |
The results of the voting were as follows:
NAME OF DIRECTOR | | FOR | | WITHHELD | | BROKER NON-VOTES | |||
Lisa L. Alexander | | | 11,166,926 | | | 179,291 | | | 1,333,946 |
Cynthia A. Flanders | | | 10,362,442 | | | 983,775 | | | 1,333,946 |
Peter W. Getsinger | | | 11,068,282 | | | 277,935 | | | 1,333,946 |
William F. Griffin, Jr. | | | 11,070,172 | | | 276,045 | | | 1,333,946 |
John R. Jeffrey, Jr. | | | 11,188,218 | | | 157,999 | | | 1,333,946 |
William F. Leimkuhler | | | 10,895,837 | | | 450,380 | | | 1,333,946 |
James W. Quinn | | | 10,899,313 | | | 446,904 | | | 1,333,946 |
Karen A. Sweeney | | | 11,148,063 | | | 198,154 | | | 1,333,946 |
David H. Watson | | | 11,149,044 | | | 197,173 | | | 1,333,946 |
| (2) | The non-binding advisory approval of the Company’s executive compensation (the “say-on-pay” vote). |
The result of the voting was as follows:
For | | Against | | Abstain | | Broker Non-Votes |
10,895,425 | | 277,540 | | 173,252 | | 1,333,946 |
| (3) | The ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accountants for the fiscal year ending January 31, 2027. |
The result of the voting was as follows:
For | | Against | | Abstain |
12,562,729 | | 104,115 | | 13,319 |
Exhibit 99.2
ARGAN, INC. DECLARES REGULAR QUARTERLY
CASH DIVIDEND OF $0.50 PER COMMON SHARE
June 10, 2026 – ARLINGTON, VA – Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors (the “Board”) declared a regular quarterly cash dividend in the amount of $0.50 per share of common stock. The dividend will be payable on July 31, 2026, to stockholders of record at the close of business on July 23, 2026.
David Watson, President and Chief Executive Officer of Argan commented, “Our payment of a quarterly dividend is an important and longstanding practice recognizing the commitment our shareholders have shown us through their support of the Argan, and we are pleased to announce our regular quarterly dividend of $0.50 per share. We are seeing a tremendous opportunity set, reflecting significant demand for our expertise and capabilities. We remain disciplined in leveraging this favorable environment while focusing on identifying the right projects, in the right locations, with the right partners, to continue delivering exceptional execution across our business.”
About Argan
Argan’s primary business is providing a full range of construction and related services to the power industry. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides teledata infrastructure services.
Safe Harbor Statement
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company’s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.
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Company Contact: David Watson 301.315.0027 |
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Investor Relations Contacts: |
John Nesbett/Jennifer Belodeau |
IMS Investor Relations |
203.972.9200 |
argan@imsinvestorrelations.com |