8-K
filed August 18, 2022, 7:59 PM ET
ticker AGX
CIK 0000100591
leadership
confidence high
sentiment positive
materiality 0.60
Argan founder/CEO Bosselmann retires; Watson promoted to CEO, Deily named CFO
ARGAN INC
- Founder and CEO Rainer Bosselmann retired effective August 16, 2022; remains on board.
- David H. Watson promoted from SVP/CFO to President and CEO; joins the Board.
- Richard H. Deily promoted to SVP, CFO, Treasurer and Corporate Secretary.
- William F. Leimkuhler appointed Chairman of the Board.
- Bosselmann receives $225,000 per annum for three years under retirement agreement.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
David H. Watson was appointed as Director at ARGAN INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
has appointed him to the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Rainer H. Bosselmann retired as Chairman of the Board at ARGAN INC.
- Action
- retired
- Role
- Chairman of the Board
Exact text from the filing
Mr. Watson will replace Rainer H. Bosselmann, who is retiring from the CEO and Chairman of the Board positions
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Rainer H. Bosselmann retired as Chief Executive Officer at ARGAN INC.
- Action
- retired
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Watson will replace Rainer H. Bosselmann, who is retiring from the CEO and Chairman of the Board positions
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Richard H. Deily changed role as Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary at ARGAN INC.
- Action
- promoted
- Role
- Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary
Exact text from the filing
The Board has also promoted Richard H. Deily, age 68, to the position of Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary effective August 16, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
David H. Watson changed role as President and Chief Executive Officer at ARGAN INC.
- Action
- promoted
- Role
- President and Chief Executive Officer
Exact text from the filing
The Board of Directors (the “Board”) of Argan, Inc. (the “Company”) has promoted David H. Watson, age 46, to be the Company’s President and Chief Executive Officer (“CEO”) and has appointed him to the Board of Directors, effective August 16, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
William F. Leimkuhler was appointed as Chairman of the Board at ARGAN INC.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
the Board has also appointed current Board member William F. Leimkuhler as Chairman of the Board, effective August 16, 2022.
View on SEC.gov
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