---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-013789"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2022-08-18T23:59:59+00:00"
generated_at: "2026-06-23T22:41:29.886174+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Argan founder/CEO Bosselmann retires; Watson promoted to CEO, Deily named CFO

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-013789
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2022-08-18T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/agx-20220816x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-013789
- JSON: https://secwatch.observer/filing/0001558370-22-013789.json
- Plain text: https://secwatch.observer/filing/0001558370-22-013789.txt

## Key facts
- Executive change
  David H. Watson was appointed as Director at ARGAN INC.
  - Action: appointed
  - Role: Director
  source text: has appointed him to the Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm
- Executive change
  Rainer H. Bosselmann retired as Chairman of the Board at ARGAN INC.
  - Action: retired
  - Role: Chairman of the Board
  source text: Mr. Watson will replace Rainer H. Bosselmann, who is retiring from the CEO and Chairman of the Board positions
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm
- Executive change
  Rainer H. Bosselmann retired as Chief Executive Officer at ARGAN INC.
  - Action: retired
  - Role: Chief Executive Officer
  source text: Mr. Watson will replace Rainer H. Bosselmann, who is retiring from the CEO and Chairman of the Board positions
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm
- Executive change
  David H. Watson changed role as President and Chief Executive Officer at ARGAN INC.
  - Action: promoted
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm
- Executive change
  William F. Leimkuhler was appointed as Chairman of the Board at ARGAN INC.
  - Action: appointed
  - Role: Chairman of the Board
  source text: the Board has also appointed current Board member William F. Leimkuhler as Chairman of the Board, effective August 16, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837022013789/0001558370-22-013789-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.