Exhibit 99.1
ARGAN, INC.
RESULTS OF VOTING
2023 ANNUAL MEETING OF THE STOCKHOLDERS OF ARGAN, INC.
June 20, 2023
(1) | The election of the following ten (10) directors to the Board of Directors of the Company, each to serve until the 2024 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 |
| FOR |
|
| WITHHELD |
|
| BROKER NON-VOTES |
| |||
Rainer H. Bosselmann |
|
| 10,901,673 | 246,340 | 1,183,590 | |||||||
Cynthia A. Flanders |
|
| 10,777,541 | 370,472 | 1,183,590 | |||||||
Peter W. Getsinger | | | 11,035,562 | | | | 112,451 | | | | 1,183,590 | |
William F. Griffin, Jr. | | | 10,975,207 | | | | 172,806 | | | | 1,183,590 | |
John R. Jeffrey, Jr. |
|
| 11,035,470 | | | | 112,543 | | | | 1,183,590 | |
Mano S. Koilpillai | | | 11,037,562 | | | | 110,451 | | | | 1,183,590 | |
William F. Leimkuhler | | | 10,781,163 | | | | 366,850 | | | | 1,183,590 | |
W.G. Champion Mitchell | | | 9,883,362 | | | | 1,264,651 | | | | 1,183,590 | |
James W. Quinn | | | 10,745,680 | | | | 402,333 | | | | 1,183,590 | |
David H. Watson | | | 11,057,204 | | | | 90,809 | | | | 1,183,590 | |
(2) | The approval of the allocation of 500,000 shares of the Company’s common stock reserved for issuance under the 2020 Stock Plan. |
The result of the voting was as follows:
For | Against | Abstain | Broker Non-Votes |
| |||||||||||
|
| 10,112,748 | 881,531 | 153,734 | 1,183,590 |
|
(3) | The nonbinding advisory approval of the Company’s executive compensation (the “say-on-pay” vote). |
The result of the voting was as follows:
For | Against | Abstain | Broker Non-Votes |
| |||||||||||
|
| 8,244,475 | 2,544,287 | 359,251 | 1,183,590 |
|
(4) | The ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accountants for the fiscal year ending January 31, 2024. |
The result of the voting was as follows:
|
|
| |||||||||||
For | Against | Abstain | |||||||||||
12,287,839 | 41,535 | 2,229 |