Exhibit 99.1
ARGAN, INC.
RESULTS OF VOTING
2013 ANNUAL MEETING OF THE STOCKHOLDERS OF ARGAN, INC.
(1) The election of eight (8) directors to the Board of Directors of Argan, Inc., each to serve until the 2014 Annual Meeting of Stockholders and until his/her successor has been elected and qualified or until his/her earlier resignation, death or removal.
The results of the voting were as follows:
| | | | | | | | | | | | |
NAME OF DIRECTOR | | VOTES
FOR | | | VOTES
WITHHELD | | | BROKER
NON-VOTES | |
Rainer H. Bosselmann | | | 11,626,724 | | | | 103,478 | | | | 1,105,950 | |
Henry A. Crumpton | | | 9,084,820 | | | | 2,645,382 | | | | 1,105,950 | |
Cynthia A. Flanders | | | 11,595,031 | | | | 135,171 | | | | 1,105,950 | |
William F. Griffin, Jr. | | | 11,607,812 | | | | 122,390 | | | | 1,105,950 | |
William F. Leimkuhler | | | 11,614,240 | | | | 115,962 | | | | 1,105,950 | |
W.G. Champion Mitchell | | | 10,446,296 | | | | 1,283,906 | | | | 1,105,950 | |
James W. Quinn | | | 11,594,913 | | | | 135,289 | | | | 1,105,950 | |
Brian R. Sherras | | | 11,599,678 | | | | 130,524 | | | | 1,105,950 | |
(2) The approval of the amendment of the Argan, Inc. 2011 Stock Plan (the “Stock Plan”) in order to increase the total number of shares of common stock reserved for issuance under the Stock Plan from 500,000 to 1,250,000 shares.
The results of the voting were as follows:
| | | | |
VOTES FOR | | | 11,377,324 | |
VOTES AGAINST | | | 340,291 | |
ABSTAINED | | | 12,587 | |
BROKER NON-VOTES | | | 1,105,950 | |
(3) The ratification of the appointment of Grant Thornton LLP as independent registered public accountants for Argan, Inc. for the fiscal year ending January 31, 2014.
The results of the voting were as follows:
| | | | |
VOTES FOR | | | 12,746,711 | |
VOTES AGAINST | | | 53,270 | |
ABSTAINED | | | 36,171 | |
(4) The non-binding advisory approval of the executive compensation of Argan, Inc. (the “say-on-pay” vote).
The results of the voting were as follows:
| | | | |
VOTES FOR | | | 11,443,683 | |
VOTES AGAINST | | | 280,010 | |
ABSTAINED | | | 6,509 | |
BROKER NON-VOTES | | | 1,105,950 | |
(5) The non-binding advisory approval of the frequency of a stockholder vote on executive compensation (the “say-on-frequency” vote).
The results of the voting were as follows:
| | | | |
ONE YEAR | | | 7,285,623 | |
TWO YEARS | | | 2,928 | |
THREE YEARS | | | 4,437,105 | |
ABSTAINED | | | 4,546 | |
BROKER NON-VOTES | | | 1,105,950 | |
