Argan Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: AGX · Form: DEF 14A · Filed: Apr 30, 2024 · CIK: 100591

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Argan Inc., Executive Compensation, Corporate Governance

TL;DR

<b>Argan Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 10, 2024.</b>

AI Summary

ARGAN INC (AGX) filed a Proxy Statement (DEF 14A) with the SEC on April 30, 2024. Argan Inc. filed a Definitive Proxy Statement (DEF 14A) on April 30, 2024. The filing covers the period ending May 10, 2024. The company's fiscal year ends on January 31. Argan Inc. was formerly known as Puroflow Inc. and Ultra Dynamics Corp. The filing includes compensation data for PEO and Non-PEO members for fiscal years 2023 and 2022.

Why It Matters

For investors and stakeholders tracking ARGAN INC, this filing contains several important signals. This filing is a routine requirement for publicly traded companies, providing shareholders with information regarding corporate governance, executive compensation, and matters to be voted on at shareholder meetings. Shareholders can review executive compensation details, including equity awards and adjustments, which may influence their voting decisions and perception of the company's management.

Risk Assessment

Risk Level: low — ARGAN INC shows low risk based on this filing. The filing is a standard DEF 14A, indicating routine corporate disclosures rather than immediate financial distress or significant operational changes.

Analyst Insight

Review the executive compensation details and any proposed shareholder actions within the DEF 14A to inform investment decisions.

Executive Compensation

NameTitleTotal Compensation
WatsonPEO Member
BosselmannPEO Member
Non-PEO NeoNon-PEO Neo Member

Key Numbers

Key Players & Entities

FAQ

When did ARGAN INC file this DEF 14A?

ARGAN INC filed this Proxy Statement (DEF 14A) with the SEC on April 30, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by ARGAN INC (AGX).

Where can I read the original DEF 14A filing from ARGAN INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ARGAN INC.

What are the key takeaways from ARGAN INC's DEF 14A?

ARGAN INC filed this DEF 14A on April 30, 2024. Key takeaways: Argan Inc. filed a Definitive Proxy Statement (DEF 14A) on April 30, 2024.. The filing covers the period ending May 10, 2024.. The company's fiscal year ends on January 31..

Is ARGAN INC a risky investment based on this filing?

Based on this DEF 14A, ARGAN INC presents a relatively low-risk profile. The filing is a standard DEF 14A, indicating routine corporate disclosures rather than immediate financial distress or significant operational changes.

What should investors do after reading ARGAN INC's DEF 14A?

Review the executive compensation details and any proposed shareholder actions within the DEF 14A to inform investment decisions. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,574 words · 18 min read · ~15 pages · Grade level 11.9 · Accepted 2024-04-29 18:00:29

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS

EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS 22 Introduction 22 Summary of Our Executive Compensation Principles and Objectives 23 Role of the Compensation Committee 24 Role of the Chief Executive Officer 24 Fiscal 2024 Business Highlights 29 Fiscal 2024 Compensation Deliberations 35 Competitive Market Positioning 36 Say-on-Pay Vote and Stockholder Outreach 37 Our Executive Compensation Program 40 Changes Implemented by the Compensation Committee 41 Major Elements of Executive Compensation and Analysis of Compensation Decisions 42 Severance and Change in Control Benefits 42 Other Benefits 42 Tax Deductibility of Compensation 43 COMPENSATION COMMITTEE REPORT 44 COMPENSATION TABLES 44 Summary Compensation Table 44 Executive Officers Who Are Not Directors 45 Summary of Employment Agreements 46 Code of Ethics 46 Potential Payments upon Termination 47 Grants of Plan-Based Awards Tables 48 Stock Options Exercised and Stock Vested 48 Outstanding Equity Awards Tables 50 Non-Qualified Deferred Compensation Plan 51 PAY RATIO DISCLOSURE 51 PAY VERSUS PERFORMANCE 55 FAMILY RELATIONSHIPS 55 INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS 55 RELATED PERSONS TRANSACTIONS 56 COMPLIANCE UNDER SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934 56 STOCKHOLDER NOMINATIONS AND PROPOSALS; DEADLINE FOR SUBMISSION OF STOCKHOLDER PROPOSALS FOR THE 2025 ANNUAL STOCKHOLDERS MEETING 57 COMMUNICATIONS WITH THE BOARD OF DIRECTORS 57 OTHER BUSINESS 58 INFORMATION CONCERNING VOTING AND PROXY SOLICITATION Table of Contents Argan, Inc. Proxy Statement May 9, 2024 The accompanying proxy is solicited on behalf of the Board of Directors (or the "Board") of Argan, Inc., a Delaware corporation (referred to herein as "Argan" or the "Company"), for use at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on June 20, 2024, at 11:00 a.m., local time, One Church Stre

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