---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-012880"
form_type: "8-K"
ticker: "AGX"
cik: "0000100591"
company_name: "ARGAN INC"
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T03:50:18.978449+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Argan boosts quarterly dividend 25% to $0.375; appoints new CFO

## Summary
- Dividend raised to $0.375/share from $0.30 (25% increase); payable Oct 31, record Oct 23.
- Joshua S. Baugher promoted to SVP, CFO, and Treasurer effective Sept 16, succeeding retiring Richard Deily.
- Baugher, previously VP & Corporate Controller (since 2022), receives $250K base salary and 75% target bonus.
- CEO David Watson and Gemma Power Systems president Charles Collins entered new employment agreements through Sept 2027.

## SEC filing metadata
- accession: 0001558370-24-012880
- form_type: 8-K
- ticker: AGX
- cik: 0000100591
- company_name: ARGAN INC
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100591/000155837024012880/0001558370-24-012880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100591/000155837024012880/agx-20240916x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-012880
- JSON: https://secwatch.observer/filing/0001558370-24-012880.json
- Plain text: https://secwatch.observer/filing/0001558370-24-012880.txt

## Key facts
- Executive change
  Joshua S. Baugher was appointed as Senior Vice President, Chief Financial Officer and Treasurer at ARGAN INC.
  - Action: promoted
  - Role: Senior Vice President, Chief Financial Officer and Treasurer
  source text: The Board of Directors (the “Board”) of Argan, Inc. (“Argan” or the “Company”) has promoted Joshua S. Baugher, age 44, to be the Company’s Senior Vice President, Chief Financial Officer and Treasurer effective September 16, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837024012880/0001558370-24-012880-index.htm
- Executive change
  Richard H. Deily retired as Chief Financial Officer at ARGAN INC.
  - Action: retired
  - Role: Chief Financial Officer
  source text: Richard H. Deily who retired as Chief Financial Officer on September 15, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/100591/000155837024012880/0001558370-24-012880-index.htm

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