secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0000930413-22-001116
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

REX American Resources boosts executive salaries, bonuses, and director compensation
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- CEO Zafar Rizvi base salary raised to $275K (from $225K); bonus percentage increased to 4.5% (from 3%) with cap raised to $5M.
- CFO Douglas Bruggeman base salary raised to $300K (from $275.7K); bonus percentage increased to 2.25% (from 1.5%) with cap raised to $2.5M.
- Executive Chairman Stuart Rose base salary raised to $225K (from $154.5K); bonus percentage increased to 2.5% (from 2.2%) with cap raised to $2.5M.
- Performance-based RSUs granted: 15,000 to Rizvi and 7,500 to Bruggeman, vesting based on TSR vs Russell 2000 over 3 years.
- Non-employee director annual retainer increased to $70K (from $45K); annual RSU grant raised to $50K (from $25K).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041322001116/0000930413-22-001116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041322001116/c103822_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-22-001116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer