AGX ARGAN INC
Price Chart
Executive Summary
Argan held its 2026 Annual Meeting on June 10, 2026, with all nine director nominees elected, advisory say-on-pay approved, and Grant Thornton LLP ratified as auditors. The Board also declared a regular quarterly cash dividend of $0.50 per share, consistent with its prior dividend practice.
Actionable Insight
The 8-K contains only routine annual meeting results and a reaffirmed dividend — no material financial or operational news. Monitor the upcoming Q2 FY2027 10-Q (due mid-September 2026) for project backlog and revenue trends in the power construction segment, which are the primary value drivers.
Key Facts
- All nine director nominees elected with strong support (lowest 'for' vote was 10,362,442 for Cynthia A. Flanders; highest withheld was 983,775 for the same director)
- Say-on-pay advisory vote passed with 10,895,425 for, 277,540 against, 173,252 abstain
- Ratification of Grant Thornton LLP as auditor passed with 12,562,729 for, 104,115 against, 13,319 abstain
- Quarterly dividend of $0.50 per share declared, payable July 31, 2026 to holders of record July 23, 2026
Financial Impact
The quarterly dividend of $0.50 per share represents an approximately $1.9M quarterly cash outflow based on roughly 12.7M outstanding shares (inferred from total votes cast), unchanged from the prior quarter. No financial figures other than the dividend amount were provided in the filing.
Risk Factors
- Dividend represents a recurring cash use that limits flexibility during project downturns
- Withheld votes on director Flanders (8.6% of votes cast excluding broker non-votes) indicate some shareholder dissatisfaction with board composition
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-072358 |
| Document: agx-20260610xex99d1.htm | 0001104659-26-072358 |
| Document: agx-20260610xex99d2.htm | 0001104659-26-072358 |
| Document: 0001104659-26-072358-index-headers.html | 0001104659-26-072358 |
| Document: 0001104659-26-072358-index.html | 0001104659-26-072358 |
| Document: 0001104659-26-072358.txt | 0001104659-26-072358 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 10, 2026
2d ago
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8-K
| $588.47 awaiting T+20 | awaiting T+20 | — | $641.68 (+9.04%) |
|
Jun 4, 2026
8d ago
|
8-K
| $697.68 awaiting T+20 | awaiting T+20 | — | $641.68 (−8.03%) |
|
Apr 21, 2026
7w ago
|
DEFA14A
| $651.68 $639.58 | ▼ −1.86% | ▼ −5.02% | $641.68 (−1.53%) |
|
Apr 21, 2026
7w ago
|
Insider Cluster
| $614.92 $664.76 | ▲ +8.11% | ▲ +3.19% | $641.68 (+4.35%) |
|
Apr 13, 2026
8w ago
|
Insider Cluster
| $597.95 $683.52 | ▼ −14.31% | ▼ −6.58% | $641.68 (−7.31%) |
|
Apr 13, 2026
8w ago
|
Insider Cluster
| $597.95 $683.52 | ▼ −14.31% | ▼ −6.58% | $641.68 (−7.31%) |
|
Apr 8, 2026
9w ago
|
8-K
| $608.79 $727.54 | ▲ +19.50% | ▲ +11.94% | $641.68 (+5.40%) |
US Market Status
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