---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-003484"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:10:55.326753+00:00"
event_type: "cyber"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Argan reports phishing scheme causing ~$3M fraudulent wire transfers; expects one-time charge

## Summary
- Fraudulent wire transfers occurred on March 6-7, 2023 due to a complex criminal phishing scheme.
- Expects a one-time pre-tax charge of approximately $3.0 million in Q1 fiscal 2024 for unrecovered funds.
- Up to $0.2 million may be recovered through insurance net of deductible; company contacted law enforcement.
- No evidence of unauthorized access to other data; implementing redundant controls and retaining forensic experts.
- Company does not expect material impact on business or ability to service customers.

## SEC filing metadata
- accession: 0001558370-23-003484
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: cyber
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837023003484/0001558370-23-003484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837023003484/agx-20230307x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003484
- JSON: https://secwatch.observer/filing/0001558370-23-003484.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003484.txt

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