Argan Management

Management criteria checks 4/4

Argan's CEO is David Watson, appointed in Aug 2022, has a tenure of 1.67 years. total yearly compensation is $1.40M, comprised of 21.8% salary and 78.2% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth €2.53M. The average tenure of the management team and the board of directors is 2 years and 13.5 years respectively.

Key information

David Watson

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	21.8%
CEO tenure	1.7yrs
CEO ownership	0.3%
Management average tenure	2yrs
Board average tenure	13.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Watson's remuneration changed compared to Argan's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	US$32m
Oct 31 2023	n/a	n/a	US$34m
Jul 31 2023	n/a	n/a	US$36m
Apr 30 2023	n/a	n/a	US$28m
Jan 31 2023	US$1m	US$305k	US$33m
Oct 31 2022	n/a	n/a	US$22m
Jul 31 2022	n/a	n/a	US$26m
Apr 30 2022	n/a	n/a	US$35m
Jan 31 2022	US$2m	US$223k	US$38m
Oct 31 2021	n/a	n/a	US$46m
Jul 31 2021	n/a	n/a	US$43m
Apr 30 2021	n/a	n/a	US$35m
Jan 31 2021	US$863k	US$200k	US$24m
Oct 31 2020	n/a	n/a	US$7m
Jul 31 2020	n/a	n/a	-US$9m
Apr 30 2020	n/a	n/a	-US$14m
Jan 31 2020	US$1m	US$200k	-US$43m
Oct 31 2019	n/a	n/a	-US$38m
Jul 31 2019	n/a	n/a	US$2m
Apr 30 2019	n/a	n/a	US$17m
Jan 31 2019	US$948k	US$200k	US$52m
Oct 31 2018	n/a	n/a	US$61m
Jul 31 2018	n/a	n/a	US$46m
Apr 30 2018	n/a	n/a	US$56m
Jan 31 2018	US$1m	US$200k	US$72m

Compensation vs Market: David's total compensation ($USD1.40M) is about average for companies of similar size in the German market ($USD1.30M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Watson (48 yo)

1.7yrs

Tenure

US$1,398,444

Compensation

Mr. David Hibbert Watson, CPA, is Chief Executive Officer, President and Director at Argan, Inc. since August 16, 2022. He had been the Chief Financial Officer at Argan, Inc. since October 15, 2015 until A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Watson	CEO, President & Director	1.7yrs	US$1.40m	0.33% $ 2.5m
Richard Deily	CFO, Senior VP	1.7yrs	US$1.51m	0.062% $ 466.8k
Charles Collins	Chief Executive Officer of Gemma Power Systems	2.4yrs	US$2.68m	0.093% $ 702.9k
Terrence Trebilcock	President of Gemma Power Systems	2.4yrs	US$1.63m	no data

2.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 1AW's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Watson	CEO, President & Director	1.7yrs	US$1.40m	0.33% $ 2.5m
Rainer Bosselmann	Director	21.3yrs	US$2.02m	2.31% $ 17.5m
William Leimkuhler	Independent Chairman	16.8yrs	US$169.06k	0.32% $ 2.4m
James Quinn	Lead Independent Director	20.9yrs	US$143.76k	0.56% $ 4.3m
W. G. Mitchell	Independent Director	20.5yrs	US$136.26k	0.076% $ 570.4k
Peter Getsinger	Independent Director	9.4yrs	US$141.56k	0.094% $ 707.2k
William Griffin	Director	12yrs	US$3.03m	1.45% $ 10.9m
Cynthia Flanders	Independent Director	15yrs	US$141.26k	0.12% $ 941.1k
John Jeffrey	Independent Director	6.8yrs	US$151.26k	0.060% $ 456.3k
Mano Koilpillai	Independent Director	4.6yrs	US$136.56k	0.078% $ 587.9k

13.5yrs

Average Tenure

69yo

Average Age

Experienced Board: 1AW's board of directors are seasoned and experienced ( 13.5 years average tenure).

Argan Management

Management criteria checks 4/4

Key information

Recent management updates

Director recently sold €846k worth of stock

Director recently sold €1.1m worth of stock

Insufficient new directors

Insufficient new directors

Insufficient new directors

Argan, Inc. Names Richard H. Deily as Chief Financial Officer

Recent updates

Director recently sold €846k worth of stock

Investor sentiment improves as stock rises 26%

Fourth quarter dividend of US$0.30 announced

Full year 2024 earnings released: EPS: US$2.42 (vs US$2.35 in FY 2023)

Argan, Inc. to Report Q4, 2024 Results on Apr 11, 2024

Director recently sold €1.1m worth of stock

Upcoming dividend of US$0.30 per share at 2.6% yield

Argan, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 31, 2024

Third quarter 2024 earnings released: EPS: US$0.41 (vs US$0.56 in 3Q 2023)

Argan, Inc. to Report Q3, 2024 Results on Dec 06, 2023

Upcoming dividend of US$0.30 per share at 2.6% yield

Argan, Inc. Increases Quarterly Cash Dividend, Payable on October 31, 2023

Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.30 in 2Q 2023)

Argan, Inc. to Report Q2, 2024 Results on Sep 06, 2023

Upcoming dividend of US$0.25 per share at 2.5% yield

Argan, Inc. Declares Regular Quarterly Cash Dividend, Payable on July 31, 2023

First quarter 2024 earnings released: EPS: US$0.16 (vs US$0.50 in 1Q 2023)

Argan, Inc. to Report Q1, 2024 Results on Jun 08, 2023

Full year 2023 earnings released: EPS: US$2.35 (vs US$2.43 in FY 2022)

Upcoming dividend of US$0.25 per share

Argan, Inc. Declares Regularly Quarterly Cash Dividend, Payable on January 31, 2023

Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.79 in 3Q 2022)

Insufficient new directors

Insufficient new directors

Upcoming dividend of US$0.25 per share

Insufficient new directors

Second quarter 2023 earnings released: EPS: US$0.30 (vs US$0.82 in 2Q 2022)

Argan, Inc. Declares Quarterly Cash Dividend, Payable on October 31, 2022

Argan, Inc. Names Richard H. Deily as Chief Financial Officer

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.25 per share

Argan, Inc. Declares Regular Quarterly Dividend, Payable July 29, 2022

Now 20% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.50 (vs US$0.69 in 1Q 2022)

Argan, Inc., Annual General Meeting, Jun 21, 2022

Insufficient new directors

Now 24% undervalued

Full year 2022 earnings released: EPS: US$2.43 (vs US$1.52 in FY 2021)

Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share, Payable April 29, 2022

Upcoming dividend of US$0.25 per share

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Insufficient new directors

Director recently sold €381k worth of stock

Upcoming dividend of US$0.25 per share

Director recently sold €191k worth of stock

Second quarter 2022 earnings released: EPS US$0.82 (vs US$0.36 in 2Q 2021)

Upcoming dividend of US$0.25 per share

First quarter 2022 earnings released: EPS US$0.69 (vs US$0.049 loss in 1Q 2021)

CFO, Senior VP recently sold €578k worth of stock

Full year 2021 earnings released: EPS US$1.52 (vs US$2.73 loss in FY 2020)

New 90-day high: €44.60

New 90-day low: €35.00

Third quarter 2021 earnings released: EPS US$0.60

Revenue beats expectations

New 90-day high: €41.40

New 90-day high: €40.40

Director recently sold €2.0m worth of stock

Director recently sold €806k worth of stock

First half earnings released

New 90-day low - €34.80

Argan, Inc.(NYSE:AGX) dropped from Russell 2000 Growth-Defensive Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members