ARGAN INC — Capital/Financing Update 2008

Apr 2, 2008

8-K 1 v109466_8k.htm Unassociated Document Licensed to: VF Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): March 28, 2008

ARGAN, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-31756	13-1947195
(State
or Other Jurisdiction	(Commission	(IRS
Employer
of
Incorporation)	File
Number)	Identification
No.)

| One
Church Street, Suite 401, Rockville, MD | 20850 |
| --- | --- |
| (Address
of Principal Executive Offices) | (Zip
Code) |

Registrant's telephone number, including area code: (301) 315-0027

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

On March 28, 2008, Argan, Inc. (the “Company”), Southern Maryland Cable, Inc., Vitarich Laboratories, Inc., Gemma Power, Inc., Gemma Power Systems California, Inc., Gemma Power Systems, LLC, and Gemma Power Hartford, LLC (each together with the Company, the “Borrowers”) entered into a First Amendment to Second Amended and Restated Financing and Security Agreement (the “Amendment”) with Bank of America, N.A. (the “Lender”). The Amendment extends the term of the Borrowers’ revolving credit facility with the Lender to May 31, 2010 and the Borrowers paid the Lender a renewal fee of $15,000 for this extension.

SIGNATURES

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.

| /s/ Arthur
F.
Trudel |
| --- |
| Arthur
F. Trudel, Jr. |
| Senior
Vice President, Chief Financial Officer and Corporate
Secretary |