<SEC-DOCUMENT>0001193125-15-187994.txt : 20150514
<SEC-HEADER>0001193125-15-187994.hdr.sgml : 20150514
<ACCEPTANCE-DATETIME>20150514160658
ACCESSION NUMBER:		0001193125-15-187994
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150512
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150514
DATE AS OF CHANGE:		20150514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARGAN INC
		CENTRAL INDEX KEY:			0000100591
		STANDARD INDUSTRIAL CLASSIFICATION:	CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
		IRS NUMBER:				131947195
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31756
		FILM NUMBER:		15862871

	BUSINESS ADDRESS:	
		STREET 1:		ONE CHURCH STREET SUITE 201
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
		BUSINESS PHONE:		301 315-0027

	MAIL ADDRESS:	
		STREET 1:		ONE CHURCH STREET SUITE 201
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUROFLOW INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ULTRA DYNAMICS CORP
		DATE OF NAME CHANGE:	19830522
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d925983d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): May&nbsp;12, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>ARGAN, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name
of Registrant as Specified in its Charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-31756</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>13-1947195</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>One Church Street, Suite 201, Rockville, MD</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>20850</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of Principal Executive Offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (301)&nbsp;315-0027 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
Name or Former Address, if Changed Since Last Report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;8.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Other Events. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;12, 2015, Argan, Inc. (&#147;Argan&#148;) issued a press
release announcing that it has entered into a share purchase agreement to acquire Atlantic Projects Company Limited (&#147;APC&#148;) in exchange for a combination of cash and common stock of Argan. APC is a leading provider of&nbsp;construction
and&nbsp;technical services for power generation, oil&nbsp;&amp; gas, industrial and process industry customers worldwide. The transaction is expected to close by May&nbsp;31, 2015. A copy of Argan&#146;s press release is attached to this report as
Exhibit 99.1 and incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit<BR>No.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman">Description</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Argan, Inc., Press Release, issued May 12, 2015.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" COLSPAN="3">ARGAN, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: May 14, 2015</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><U>/s/ Cynthia
Flanders&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Cynthia Flanders</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Senior Vice President and</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Chief Financial Officer</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit<BR>No.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman">Description</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Argan, Inc., Press Release, issued May 12, 2015.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d925983dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Exhibit 99.1 </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g925983g09v83.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Argan, Inc. Acquires Atlantic Projects Company Limited </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">May&nbsp;12, 2015 &#150; ROCKVILLE, MD &#150; Argan, Inc. (NYSE: AGX) announced today that it has entered into a share purchase agreement to acquire Atlantic
Projects Company Limited (&#147;APC&#148;) in exchange for a combination of cash and common stock of Argan, Inc. APC is a leading provider of&nbsp;construction and&nbsp;technical services for power generation, oil&nbsp;&amp; gas, industrial and
process industry customers worldwide. The transaction is expected to close by May&nbsp;31, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Formed in Dublin, Ireland, over forty years ago, APC
provides turbine, boiler and large rotating equipment installation, commissioning and outage services to original equipment manufacturers, EPC contractors and plant owners worldwide. The company has successfully completed projects in more than
thirty countries on six continents. With APC offices in Hong Kong, Singapore and New York, this acquisition will expand Argan&#146;s operations internationally. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">APC will continue to operate under its own name and with its own management team as part of the Argan group of companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I></I>Argan&#146;s CEO, Rainer Bosselmann said, &#147;<I>We are very excited about our investment in APC, whose industry expertise and geographic reach
provide immediate value to our operations. This addition will allow us to expand in markets that offer tremendous opportunities.&#148; </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>&#147;We
are delighted to have found in Argan a partner who shares our commitment to customer service, quality and innovation. By combining the technical and operational strengths of APC with the financial and management capabilities of Argan we will be able
to expand and enhance the range of services and benefits that we provide to our clients,&#148; </I>said Philip Healy, Managing Director of APC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About
Argan, Inc.</B> Argan&#146;s primary business is designing and building energy plants through its Gemma Power Systems subsidiary. These energy plants include traditional gas as well as alternative energy including biodiesel, ethanol, and renewable
energy sources such as biomass, wind and solar. Argan also owns Southern Maryland Cable, Inc. Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject
to risks and uncertainties including, but not limited to: (1)&nbsp;the Company&#146;s ability to achieve its business strategy while effectively managing costs and expenses; (2)&nbsp;the Company&#146;s ability to successfully and profitably
integrate acquisitions; and (3)&nbsp;the continued strong performance of the energy sector. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a
number of factors detailed from time to time in Argan&#146;s filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements with respect to risk factors set forth in the Company&#146;s most recent
reports on Form 10-K and 10-Q, and other SEC filings. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Company Contact:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Investor Relations Contact:</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Rainer Bosselmann</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Cynthia Flanders</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">301.315.0027</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">301.315.0027</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g925983g09v83.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g925983g09v83.jpg
M_]C_X``02D9)1@`!`0$$L`2P``#_X@Q824-#7U!23T9)3$4``0$```Q(3&EN
M;P(0``!M;G1R4D="(%A96B`'S@`"``D`!@`Q``!A8W-P35-&5`````!)14,@
M<U)'0@``````````````````]M8``0````#3+4A0("``````````````````
M`````````````````````````````````````````````!%C<')T```!4```
M`#-D97-C```!A````&QW='!T```!\````!1B:W!T```"!````!1R6%E:```"
M&````!1G6%E:```"+````!1B6%E:```"0````!1D;6YD```"5````'!D;61D
M```"Q````(AV=65D```#3````(9V:65W```#U````"1L=6UI```#^````!1M
M96%S```$#````"1T96-H```$,`````QR5%)#```$/```"`QG5%)#```$/```
M"`QB5%)#```$/```"`QT97AT`````$-O<'ER:6=H="`H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0``9&5S8P`````````2<U)'0B!)14,V,3DV
M-BTR+C$``````````````!)S4D="($E%0S8Q.38V+3(N,0``````````````
M````````````````````````````````````````````````````6%E:(```
M`````/-1``$````!%LQ865H@`````````````````````%A96B````````!O
MH@``./4```.06%E:(````````&*9``"WA0``&-I865H@````````)*````^$
M``"VSV1E<V,`````````%DE%0R!H='1P.B\O=W=W+FEE8RYC:```````````
M````%DE%0R!H='1P.B\O=W=W+FEE8RYC:```````````````````````````
M``````````````````````````````````!D97-C`````````"Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92`M('-21T(`````````
M`````"Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92`M
M('-21T(`````````````````````````````9&5S8P`````````L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0``````````
M````+%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$``````````````````````````````````'9I97<``````!.D_@`47RX`
M$,\4``/MS``$$PL``UR>`````5A96B```````$P)5@!0````5Q_G;65A<P``
M```````!`````````````````````````H\````"<VEG(`````!#4E0@8W5R
M=@````````0`````!0`*``\`%``9`!X`(P`H`"T`,@`W`#L`0`!%`$H`3P!4
M`%D`7@!C`&@`;0!R`'<`?`"!`(8`BP"0`)4`F@"?`*0`J0"N`+(`MP"\`,$`
MQ@#+`-``U0#;`.``Y0#K`/``]@#[`0$!!P$-`1,!&0$?`24!*P$R`3@!/@%%
M`4P!4@%9`6`!9P%N`74!?`&#`8L!D@&:`:$!J0&Q`;D!P0')`=$!V0'A`>D!
M\@'Z`@,"#`(4`AT")@(O`C@"00)+`E0"70)G`G$">@*$`HX"F`*B`JP"M@+!
M`LL"U0+@`NL"]0,``PL#%@,A`RT#.`-#`T\#6@-F`W(#?@.*`Y8#H@.N`[H#
MQP/3`^`#[`/Y!`8$$P0@!"T$.P1(!%4$8P1Q!'X$C`2:!*@$M@3$!-,$X03P
M!/X%#04<!2L%.@5)!5@%9P5W!88%E@6F!;4%Q075!>4%]@8&!A8&)P8W!D@&
M609J!GL&C`:=!J\&P`;1!N,&]0<'!QD'*P<]!T\'80=T!X8'F0>L![\'T@?E
M!_@("P@?"#((1@A:"&X(@@B6"*H(O@C2".<(^PD0"24).@E/"60)>0F/":0)
MN@G/">4)^PH1"B<*/0I4"FH*@0J8"JX*Q0K<"O,+"PLB"SD+40MI"X`+F`NP
M"\@+X0OY#!(,*@Q##%P,=0R.#*<,P`S9#/,-#0TF#4`-6@UT#8X-J0W##=X-
M^`X3#BX.20YD#G\.FPZV#M(.[@\)#R4/00]>#WH/E@^S#\\/[!`)$"800Q!A
M$'X0FQ"Y$-<0]1$3$3$13Q%M$8P1JA')$>@2!Q(F$D429!*$$J,2PQ+C$P,3
M(Q-#$V,3@Q.D$\43Y10&%"<4211J%(L4K13.%/`5$A4T%585>!6;%;T5X!8#
M%B86219L%H\6LA;6%OH7'1=!%V47B1>N%](7]Q@;&$`891B*&*\8U1CZ&2`9
M11EK&9$9MQG=&@0:*AI1&G<:GAK%&NP;%!L[&V,;BANR&]H<`APJ'%(<>QRC
M',P<]1T>'4<=<!V9'<,=[!X6'D`>:AZ4'KX>Z1\3'SX?:1^4'[\?ZB`5($$@
M;""8(,0@\"$<(4@A=2&A(<XA^R(G(E4B@B*O(MTC"B,X(V8CE"/"(_`D'R1-
M)'PDJR3:)0DE."5H)9<EQR7W)B<F5R:')K<FZ"<8)TDG>B>K)]PH#2@_*'$H
MHBC4*08I."EK*9TIT"H"*C4J:"J;*L\K`BLV*VDKG2O1+`4L.2QN+*(LURT,
M+4$M=BVK+>$N%BY,+H(NMR[N+R0O6B^1+\<O_C`U,&PPI##;,1(Q2C&",;HQ
M\C(J,F,RFS+4,PTS1C-_,[@S\30K-&4TGC38-1,U336'-<(U_38W-G(VKC;I
M-R0W8#><-]<X%#A0.(PXR#D%.4(Y?SF\.?DZ-CIT.K(Z[SLM.VL[JCOH/"<\
M93RD/.,](CUA/:$]X#X@/F`^H#[@/R$_83^B/^)`(T!D0*9`YT$I06I!K$'N
M0C!"<D*U0O=#.D-]0\!$`T1'1(I$SD42155%FD7>1B)&9T:K1O!'-4=[1\!(
M!4A+2)%(UTD=26-)J4GP2C=*?4K$2PQ+4TN:2^),*DQR3+I-`DU*39--W$XE
M3FY.MT\`3TE/DT_=4"=0<5"[40914%&;4>92,5)\4L=3$U-?4ZI3]E1"5(]4
MVU4H5755PE8/5EQ6J5;W5T17DE?@6"]8?5C+61I9:5FX6@=:5EJF6O5;15N5
M6^5<-5R&7-9=)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB
M\&-#8Y=CZV1`9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(
M:I]J]VM/:Z=K_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R
M2W*F<P%S77.X=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&
M>J5[!'MC>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$>`J($*@6N!S8(P@I*"
M](-7@[J$'82`A..%1X6KA@Z&<H;7ASN'GX@$B&F(SHDSB9F)_HIDBLJ+,(N6
MB_R,8XS*C3&-F(W_CF:.SH\VCYZ0!I!ND-:1/Y&HDA&2>I+CDTV3MI0@E(J4
M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY`
MGJZ?'9^+G_J@::#8H4>AMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=NI^"H
M4JC$J3>IJ:H<JH^K`JMUJ^FL7*S0K42MN*XMKJ&O%J^+L`"P=;#JL6"QUK)+
MLL*S.+.NM"6TG+43M8JV`;9YMO"W:+?@N%FXT;E*N<*Z.[JUNRZ[I[PAO)N]
M%;V/O@J^A+[_OWJ_]<!PP.S!9\'CPE_"V\-8P]3$4<3.Q4O%R,9&QL/'0<>_
MR#W(O,DZR;G*.,JWRS;+MLPUS+7--<VUSC;.ML\WS[C0.="ZT3S1OM(_TL'3
M1-/&U$G4R]5.U='65=;8UUS7X-ADV.C9;-GQVG;:^]N`W`7<BMT0W9;>'-ZB
MWRG?K^`VX+WA1.',XE/BV^-CX^OD<^3\Y83F#>:6YQ_GJ>@RZ+SI1NG0ZEOJ
MY>MPZ_OLANT1[9SN*.ZT[T#OS/!8\.7Q<O'_\HSS&?.G]#3TPO50]=[V;?;[
M]XKX&?BH^3CYQ_I7^N?[=_P'_)C]*?VZ_DO^W/]M____VP!#``<%!08%!`<&
M!08(!P<("A$+"@D)"A4/$`P1&!4:&1@5&!<;'B<A&QTE'1<8(BXB)2@I*RPK
M&B`O,R\J,B<J*RK_VP!#`0<("`H)"A0+"Q0J'!@<*BHJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P``1"`!R`,`#
M`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`
MM1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*Q
MP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA9
M6F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S
MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ
M_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#
M!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1
M"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZ
MPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1
M`Q$`/P#Z1HHHH`****`"BBB@`HHHH`*0L%!)(`'4GM3)IHX(GEF=4C12S,QP
M%`ZDUXUXU\77?BS1;U=%D>.P,3BW5<AKG_;/L><#\343J1@DY=78SJ5%35V=
MUJ/Q'T>WFEM]+8ZI/$VV3R&'EH?0OTS[#-<Q??%+65N1!9V%DLA&[#L[!1ZD
M\?D*\:\+ZS+I*F)$\RV<Y:+H5/3(/K[5UTE[8WQ2>.<VTZC`+KM./0@\$4JT
M:M#$+G5Z?=?J<KJS;\CU#2/&6N7:K]H@T^1CU";T_GFMR/QA9Q7`@U:-K!R<
M!W.Z(_\``QT_'%>5:5XJ3377[9;B5`?]9;.#_P".G_&K&N>,]#OLE+EX]PY6
M:)E_^M79%4ZK]W8W533<]M5U90RL&4C((.012UX#X6^*,'AC44M9[Q;G2)&P
M\88EH/\`:3V]5_*O>;:YBN[:*XMI%EAE4.CJ<AE(R"*SJ4I4WJ:1FI;$M%%%
M9EA1110`4444`%%%%`!1110`4444`%%%%`!0>E%!Z4`>7_&S6I$\)W6CV3D2
M36S33[3SY8.`/Q.?P4UYAX'\16NH:/;V#RK'>6R"/RV.-ZCH5_"NJ\0:K'JG
MQ0\2V4Q#_9EAA"'N@3D?FQ_.O*M>\%7FC7QN;"-[BQSN5D&6B]B/ZUA*-+$2
MEA:SY7HXOY'EUI.4SN=3\,6MS.US;'[+.3EL#*L?<?U%06L,]@V)X/,4?Q1,
M#^AP:YC2]:U)5"+?S%1V9MW\ZZ:R-S>D">YE(/\`=51_2NJCA\=07+SJ2\[E
MPYEL=%IVI^'%(&I6J`9Y\RT)_D*AU[5_!8+&SAMAZ;+0C^8K1TCPSID[J;Z.
M68=_-F('Z8IOB.;PQHKM%:BPA<#[D"AW_3)KJCS<WO;F]G;6QYOJ-_;S9^PV
M<Q0]"L(0?G7J7P'\6/=07?AJ^8A[4>?:!CD^63\R_@3G\:\JU35GOW<6%NQ4
M'F23@#\JG^&=_)I?Q8T20REC/,UN_H0ZD8Q]<5U5(J=-HA2M),^LLT4@Z4M>
M0=H4444`%%%%`!1110`4444`%%%%`!1110`4444`?,WQ4L;[0?'M]XBTK[Z7
M&+E<9!5E4@D>G.#^%)H_CO2-3C47$HL;C^*.8_+^#=*]*^)EDMEK5KJ$J*;3
M4$%M(6'RB49V@_[RY'U4>M>0ZS\.8FN&N=$E6$DY-M+]W/\`LGM]#7)4>'JR
M]EB='TEY=GZ'E58N-1G0W,.CWA,A%E(3_&K*"?Q!JBT=A"V(9<'LL<K$_D#7
M-0Z)?V+@75A(,'[RKO'YBNBTR>.WQO61,?\`3)O\*[*6#C!>[6;7]>9I%(NV
MGA[4M9D5+:"14/\`RTN9"J_D<D_E6G<^`+72U/VZ<W<F.4C&R,?AU-3VOC&V
MTU<Q6EQ.X_O8C7]>?TKG?$GB_5=<E*$K:QN<+!;9RWL6ZG\,5TPY8O1W-M$C
M&\07MM:EH(`I9>-B<!?KCI5/X?V<UY\4_#X89<WBR$?W54%C_*G2Z6ULGFW0
M`?JL8_A]S[UWOP*\./>^++OQ!,G[BQC,,3$=9'ZX^B_^A5VRGRTVR.5RDD>_
M"EHQ17D'<%%%%`!1110`4444`%%%-=Q&C.QPJ@DGT%`#J*QO"^OKXCT@WBH$
M*RO&5!ST/!_$8-;-).XD[ZA1113&%%%%`&;K^A6?B30[G2=3CWVURFUL=5/4
M,#V(."#[5\YZO>Z]\/-;.B^*;=KZVY^RWZ<&9.QST)]1U%?3U9FO>'=+\2Z6
M]AK=HEU;MR`W5#ZJ>H/N*'&G-<M6-U_6QC5I*:\SY\C\5:5=)N2:1"?X7B.1
M^5*;V.X.VW$LI/\`=C/]:W]9^!FHZ=.TOAJ[2^M\Y$%PP25?;=T;]*S[7PWK
MFGR!+W1[Z,CJ1"7'YKD54,OPJUA)_><ZIM;BZ;X5O=7F42R)91$\D_._X`<?
MK6[>>&=.T!&6RC+R[<-/*<NW^`]A6IH<5W&R?\2^^8^@MF'ZD`5MW'A;4=<N
M-UQC3K8]2Q#RL/8#A?Q)^E="4*3T-E%6T/(X]`O_`!-K2Z9ID>Z1SEW/W85[
MLWM_.O?_``UX?L_#&@V^E:>O[N$?,Y'S2,?O,?<FI-%T#3M!LOLVFP"-6.YW
M)R\A]6/<UI5G5JNIIT-8QMJPHHHK$L****`"BBB@`HHHH`*P/&FH?V;X3O95
M;#NGE)]6X_EFM^N(\?Q3:J]OI-L?F6*2[<`9X1>!^)K.H[1(F[1,/X0ZD%O-
M2TQF^\JSH/IPW]*]3KY]\%ZG_97CS3IF;;',Y@?Z/P/UQ7T"[%8RP!8@9P.]
M.&D4*F_=%HKE)OB!8VVH+93V=TDQD$94A?E)..>:S['XK:3J'CM/#<%O-^\9
MHXKLD;'=021CKC@X-.$E4^'4?/%]3NZ*Y[5?%]M87ZV%I;RW]XS;?*A(&#Z$
MFL.]^+.F:/<26NO:;?V5U$<-$J"3Z$$&B,XR=HL?/$[VBN=T'QMI/B'PVVN6
MKRP622-&3<)L;*]>*J:EXWN+#3CJ*>'[R6P`SYY=4X]<=<42DHRY7N',CK:*
MP?"WB_3?%MC)/IS,KPMMF@D&'0]OP/K56X\=V=I?M9W%G=)*L@C(PN`2?K2G
M.-/XG8'.*5VSJ**\_P#$/Q;TS0[TP0V4]\J'#RQL%7(ZA<_>Q78Z)K-IK^CV
MVIZ=)OMKE-R$C!'J#[@\5?2XTT]$7Z1AE2#W]*6B@9Y#X_O=2T/5I(-/U2]2
M,QAP//;(SVS78_#NQE3PQ::G=ZA>WMU>PAY&N;AG5>3@*IX%<7\5_P#D/-_U
MP7^M=IX7U`:7\,M+NWA>5([52PCQD#UYKGI/E4F]KF$7:3N=;17*P?$#298K
MB659H$@0.2X!+Y.`J@'DUD:1\7M+U/Q%#I4]E/9FX?RX9I&!#-V!';-;4Y*H
MKPU-%.+V9Z#1534=3MM*LGNKZ01Q)^9/H!ZUQVH_%&+2!;SZEH=]!8W'^JN2
M5.X>NWK[T[J]NI3DEN=Y15?3[^UU33H+ZPF6>VG0/'(O1@:L4Q@3Q7-Z0!J'
MB?6+]QNCC*VD>?11EOU-;>H72V6G7%RYPL4;/^0KD=*\-ZQ)I44\&OS67V@>
M<T21`X+<GFN>;?.DE?J9R?O)'CWBJU?1O$-Y!'\KVMP3&?3!ROZ8KZ*T744U
M;0[*_C.5N8%D_$CD?G7AOQ/T&\T;5(I;Z^>_:[CW>>Z!3E>,''MBN]^"VKC4
M/`HLW;,FGSM$1GHI^9?YG\JZ8KW+DPTE8YKQ7'YWC&>($KYEVJ9';)`KJHOA
M9HND^*?^$DL&G22UC9H;3.8U?:1NSU]>/6N9\1?\CXW_`%_)_,5[&0""#TKB
MPK:4K=V122=[]SRKP:QF\8VTDI+.PD8DGJ<5R_QK=K;QFLT!*2K;QN".S`G!
M_2NZETB;2/&B2Z!&+XQDR26P8*8E/4$GCOQ5.^\!:GXQ\:#5_$4*6.GH4Q;>
M8'DD5>BG'`!/6G@5[-<LNXH1?)RFOXCL]1U?PMI,MM;L[-&LL\48P=S(.<?7
M-&L73V/PMGM]<ECANY+9HHXW8!F_NC'KC%;7B?71H&FH;=5-Q*=D2GHN.I^@
MKDVTI;GP)JNOZDYNK^>WDV22<^4H.,*.U*\5B'RO6VI6BF[;V.;^"#L/%FKH
M#\IM$)'N&/\`C6CXI19/&%U&_P!UKA5/T(%9OP0)/C#5L_\`/FG_`*'6IXF_
MY'2Y_P"OE/Z4LQ^&/JC.?P+U)/C59V]KX5TM+>%(UBG*(%&,+L/'Z"M/X'.S
M?#=`QR%O)@/89!_K5/XY?\BSI_\`U\G_`-`-3_!&5(/AD99G5(TO)BS,<`#B
MO17\,W_Y>'I5%4-.UG3M6\S^S;V&Y,1PXC;)7ZBK_:L]S4\>^*__`"'F_P"N
M"_UKK-'_`.2.VW_8/KD_BM_R'F_ZX+_6NLT?_DCEM_V#ZY8_!4^9S+>1B_#Z
MS@N?$,TD\2R-!#NCW?PDG&?K7F_CY1:_%:8P`)MU")QCL=RG^=>G_#?_`)#E
MY_U[C_T*O,?B/Q\4Y_\`K^B_FM5EO\.)$?X:/3?'U\UUK<-@6/E0A21_M,>3
M^6*TOB5X2O/$WA.&UTA4:YMI`\<;MM#+C!&?7I6!XZC>'Q/.YX#HCJ?P_P#K
M5Z+H>HIJNBVMY$P(DC&[V8<$?G6.&F_;5+]RZ;YI2BS%^&OAZ_\`"_@>UTS5
MF0W*.[LB-N$89B0H-=74$MY!!%))+-&B1?ZQBPPGU]*@TS6=.UF)Y-,O(KI8
MSM?RVSM/H1VKO<KN[-U9:&7XKMM5U"Q^PZ9;(\<F#)(T@'`/W<5K::UPUB@N
M[46TB#;L#AA@#KD5<Q1BLE"TW+N"C9W/./B7X<U[Q7]GMM,TN,QVKLPG>X4;
M\@<`=JPOASX5\;^"]?F:XTF"?3KT*LX6\7,9!X<#OU(Q7LE&*V4FDT)P5^8\
MPU;PGXAO==;4H;&/_CX$PC:=1T(./TKTBVEFFM4DN(#;RL/FB+!MI^HXJ?%1
M7'F"VE\C'F[#LSZXXK"G35-.P1@HGDTNNZMX9U>^D0*)I9#YBSKD-R<&J%S\
M:M:L'S+86-P@/*C<I(^N374Z!/I?VJZ3Q=L^W[_E:^'&WT&>!S4'C=_`TOA^
MZM8;6RO-1FC*6L-A&'F,A'RXV].<=:PP4;;O3L8034;IEBXN!\1O"&GZ[H<;
M;E+J]NY&Y3G#+GU!'XU7L?!?B"^TBYLK^^DLK-D8QVJO]]^V['1<]1WK:^%W
MAFZ\*^`K2PU$;;MV:>9`?N,YSM_`8KL,<5M*A!5G41HJ=WS/<\5\!>"_&>C>
M+I93%'IUDX"74SE7+HK;L1CU.,9/0$UT>L>%]=OM<GOX;.,!I@ZJ9AR!C'\J
M]'Q1@4ZU-5K<W0;I1:LSS[XF^'M=\5:38VFE6"%HV\V5GG5=K8QM]^O6J/@_
MPGXATOX<W^@:E9);W`G,T+).KB8$@E>.G3O7J&*ANIEMK9YF1W"#.V-=S'V`
MK26L'![,IP3/&?".GZMH7QBL;:\B:`7EG,\D>X'*#H3CI\PKVMB0A(&3C@5S
M>B:).WB"[\2:N@2]N(Q!!"#G[/"#G!/]XGDUTM"MRI+H@A'E5CS#QCX4\1>(
M]1DN8+"-`4"*K3KG`]:U-$L?$</@9M"U#1TBFAA$,<RW*LLH)/..H(%=WBDP
M*A4THN/<7(M?,X?PAX?U?1=:DFO+5?(FBV%UE!*D'/2N$\7?#OQ?K7BZXUBR
MTR#8URLR(UTH)"D8_/'ZU[G@48IT(*A%1B)4TH\IR_B3P[-XCTF"<1BVU"./
M/ENV1R.4)'OWKA].T'XA:;<26FB$6,4K?/),RM&GJP'//TKV'%)@5*I14^=;
MC=-7N<?/X.DL_!$FEV4[W5Z[^?<3S-\UU*3EB3[]O3`K(^&/A#5M"UC5=2U5
M/LT=TB11P%@2VTDECCIUP/QKTC%&*OEM-SZL?(KW"BBBJ+"BBB@`I&Z444`5
MKNTMKJ,BYMXIA_TT0-_.HM/TVQM`7M+*W@8G[T<2J?T%%%9Q^-F3^(O]Z***
AM;&H4444P"BBB@`HHHH`****`"BBB@`HHHH`****`/_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
