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Argan Inc.
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Argan Inc.

Argan, Inc. Appoints Lisa Larroque Alexander to Board of Directors

| 8-K |Industrials

Summary

Argan, Inc. announced the appointment of Lisa Larroque Alexander, Senior Vice President at Sempra, to its Board of Directors effective April 9, 2025. Ms. Alexander, with extensive experience in the energy sector, will serve on the Executive Committee and the Responsible Business Committee. As a non-employee director, she will receive a prorated portion of the annual retainer, options to purchase shares of common stock, and an initial grant of restricted stock units valued at approximately $100,000. The appointment is expected to leverage her expertise in corporate affairs and human resources for strategic decision-making.

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Board Member Appointed Executive Compensation Detail Exhibits Furnished

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About Argan Inc.

Argan Inc. is a holding company primarily engaged in overseeing operations within the engineering and construction services arena. The company operates through its subsidiaries, with a strong focus on designing and constructing energy-related facilities. Argan Inc. is prominently known for its work in developing natural gas-fired power plants, which contribute significantly to the energy infrastructure sector. In addition, Argan Inc. provides services in renewable energy projects, expanding its impact within the sustainable energy domain. The firm is essential in meeting the increasing demand for efficient and reliable power generation solutions, both domestically and internationally. Through its subsidiaries, Argan Inc. engages in project designing, engineering, procurement, construction, and commissioning tasks, serving a wide range of clients. Argan Inc. plays a crucial role in the infrastructure and utilities sectors by supporting energy transition trends and ensuring the delivery of strategic construction projects. As a market participant, the company significantly contributes to shaping the future of energy production through its commitment to innovation and excellence in engineering practices.

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