Date: 11/18/2021 Form: 8-K - Current report
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Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of report (Date of Earliest Event Reported): November 18, 2021


(Exact Name of Registrant as Specified in its Charter)







(State or Other Jurisdiction

of Incorporation)



File Number)


(IRS Employer

Identification No.)


One Church Street, Suite 201, Rockville, MD



(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


New York Stock Exchange

Item 8.01. Other Events.

On November 18, 2021 Argan, Inc. ("Argan”) issued a press release announcing the promotion of Charles Collins from his current position as Co-President to Chief Executive Officer of its wholly owned subsidiary, Gemma Power Systems.

Item 9.01. Financial Statements and Exhibits


Exhibit No.





Press Release issued by Argan on November 18, 2021


Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)


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.





Date: November 18, 2021





/s/ David H. Watson




David H. Watson




Senior Vice President, Chief Financial Officer, Treasurer and Secretary

Exhibit 99.1


Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Names Charles Collins as Chief Executive Officer

November 18, 2021 – ROCKVILLE, MD – Argan, Inc. (NYSE: AGX) ("Argan” or the "Company”) announces the promotion of Charles Collins from his current position as Co-President to Chief Executive Officer ("CEO”) of its wholly owned subsidiary, Gemma Power Systems ("GPS”).

"Charles has been with GPS for 21 years and served as Co-President at GPS for the last three years, along with Colin Trebilcock. They have successfully guided the organization during the last few years, despite the Covid pandemic and its effect on the markets,” said Rainer Bosselmann, Chairman and CEO of Argan. "We are excited to elevate Charles to the role of CEO and look forward to his continued leadership and vision for the GPS team going forward.”

"I have worked closely with Charles during his entire time at GPS as his excellent personal performance has propelled him upwards through the organization,” said William Griffin, Jr., Non-Executive Chairman of GPS. "Charles has all of our confidence to maintain GPS excellence in the industry and to meet the needs of each of our customers now and in the future.”

"The dedicated people at GPS are what makes this organization successful,” emphasized Charles. "I appreciate the confidence Argan and its Board of Directors have placed in me and I look forward to working with the talented GPS employees, customers and other stakeholders in my new role as we move forward together.”  

Colin Trebilcock will continue to serve as President of GPS.  Mr. Griffin will continue in his current role at GPS and advise, mentor, support and engage in various key activities of Argan, GPS and other subsidiaries as needed.

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry including the renewable energy sector. Argan’s service offerings focus primarily on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns SMC Infrastructure Solutions, which provides telecommunications infrastructure services, and The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company.

Company Contact:


Investor Relations Contact:

Rainer Bosselmann


David Watson