<SEC-DOCUMENT>0001104659-19-071872.txt : 20191211
<SEC-HEADER>0001104659-19-071872.hdr.sgml : 20191211
<ACCEPTANCE-DATETIME>20191211164628
ACCESSION NUMBER:		0001104659-19-071872
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20191211
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191211
DATE AS OF CHANGE:		20191211

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:		191280198

	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>tm1925026-1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest event reported):
December 11, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><U>ARGAN,
INC.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 34%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Delaware</FONT></TD>
    <TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 31%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">001-31756</FONT></TD>
    <TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 31%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">13-1947195</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of Incorporation)</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">File Number)</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">One Church Street, Suite 201, Rockville, MD</FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 48%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">20850</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Address of Principal Executive Offices) </FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Registrant's telephone number, including area code: (301) 315-0027</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Not Applicable</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the Registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Emerging growth company</FONT></TD>
    <TD STYLE="width: 80%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">Title of Each Class:</TD><TD STYLE="width: 2%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">Trading Symbol(s):</TD><TD STYLE="width: 2%; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; font: bold 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">Name of Each Exchange on<BR> Which Registered:</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt">Common Stock, $0.15 Par Value</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt">AGX</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-left: 5.4pt">New York Stock Exchange</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>Item 8.01. Other Events.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Argan, Inc. (the &ldquo;Company&rdquo;)
announced that on December 11, 2019 the Company&rsquo;s Board declared a regular quarterly cash dividend in the amount of $0.25
per share of common stock, payable on January 31, 2020 to stockholders of record at the close of business on January 23, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A copy of Argan&rsquo;s press release announcing
the dividend is attached to this report as Exhibit 99.1 and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><B>Item 9.01. Financial
Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 98%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
<TD STYLE="white-space: nowrap; width: 12%; text-align: center; padding-bottom: 1pt; border-bottom: Black 1pt solid">Exhibit&nbsp;No. </TD>
<TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
<TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center">Description &nbsp;</TD></TR>
<TR STYLE="background-color: white">
<TD STYLE="white-space: nowrap; vertical-align: top; text-align: center"><A HREF="tm1925026d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.1</FONT></A></TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="vertical-align: top"><A HREF="tm1925026d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Press Release issued by Argan on December 11, 2019</FONT></A></TD></TR>
</TABLE><BR STYLE="clear: both">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
<TD STYLE="vertical-align: top">&nbsp;</TD>
<TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>ARGAN, INC.</B></FONT></TD></TR>
<TR STYLE="background-color: white">
<TD STYLE="width: 50%">&nbsp;</TD>
<TD STYLE="width: 3%">&nbsp;</TD>
<TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
<TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date: December 11, 2019</FONT></TD>
<TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
<TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">/s/ David H. Watson&nbsp;</TD></TR>
<TR STYLE="background-color: white">
<TD STYLE="vertical-align: top">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">David H. Watson&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: white">
<TD STYLE="vertical-align: top">&nbsp;</TD>
<TD STYLE="vertical-align: bottom">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-left: 11.75pt; font-size: 10pt; text-indent: -11.75pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Senior Vice President, Chief Financial Officer, Treasurer and Secretary</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm1925026d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="tm1925026-1_img01.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARGAN, INC. DECLARES REGULAR QUARTERLY
DIVIDEND OF $0.25 PER SHARE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">December 11, 2019&ndash; ROCKVILLE, MD &ndash; <B>Argan, Inc.</B>
(NYSE: AGX) (&ldquo;Argan&rdquo;) announced that today its Board of Directors declared a regular quarterly cash dividend in the
amount of $0.25 per share of common stock, payable January 31, 2020 to stockholders of record at the close of business on January
23, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.9pt 0pt 0; background-color: white"><B>About Argan, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.9pt 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.9pt 0pt 0; background-color: white; text-align: justify">Argan&rsquo;s primary business
is providing a full range of services to the power industry including the renewable energy sector. Argan&rsquo;s service offerings
focus primarily on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning,
operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects
Company operations. Argan also owns SMC Infrastructure Solutions, which provides telecommunications infrastructure services, and
The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.3pt 0pt 0; background-color: white"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font-size: 10pt; text-indent: -12pt; width: 40%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Company Contact:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; width: 60%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Investor Relations Contact:</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font-size: 10pt; text-indent: -12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Rainer Bosselmann</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">David Watson</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; padding-left: 12pt; font-size: 10pt; text-indent: -12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">301.315.0027</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">301.315.0027</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.3pt 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.3pt 0pt 0; background-color: white"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.3pt 0pt 0; background-color: white">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm1925026-1_img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm1925026-1_img01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !G +(# 2(  A$! Q$!_\0
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>BLKW.BHHHJAB8I:**  C-%%% !1110 4444 ?__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
