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AI brief of an SEC Form 8-K · Argan (AGX)

Argan raises quarterly dividend 25% to $0.375 and names new CFO Joshua Baugher

Positive Impact 4 of 5 shareholder Written later

Argan's Board declared a 25% increase in the quarterly cash dividend, from $0.30 to $0.375 per common share, payable October 31, 2024 to holders of record on October 23, 2024. The company also promoted Joshua S. Baugher to Senior Vice President, Chief Financial Officer and Treasurer effective September 16, 2024, succeeding Richard H. Deily, who retired as CFO on September 15, 2024. The higher dividend raises the cash return to shareholders, and the CFO change is a leadership transition at the company's finance function.

Key points

  • Quarterly dividend raised from $0.30 to $0.375 per share, or $1.50 annually, declared September 17, 2024
  • Dividend payable October 31, 2024 to stockholders of record at close of business October 23, 2024
  • Joshua S. Baugher, age 44, becomes CFO effective September 16, 2024, with a $250,000 base salary
  • Employment agreements also filed for CEO David H. Watson ($500,000 base salary) and Charles Collins IV

The filing

CompanyArgan (AGX)
Form8-K, current report
Filed with the SECSep 18, 2024, 5:12 PM ET
Accession number0001558370-24-012880

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.