REX boosts executive bonus caps: Rose to $4M, Rizvi to $12M, Bruggeman to $4M

REX AMERICAN RESOURCES Corp

New employment agreements executed June 29, 2026, effective Feb 1, 2026, for Rose (Exec Chairman), Rizvi (CEO), Bruggeman (CFO).
Rose annual max bonus increased from $2.5M to $4M; termination bonus cap up from $3M to $5M; base salary $225K.
Rizvi annual max bonus increased from $5M to $12M; termination bonus cap up from $6M to $12M; base salary $275K.
Bruggeman annual max bonus increased from $2.5M to $4M; termination bonus cap up from $3M to $5M; base salary $300K.
Bonuses tied to 2.5% of adjusted net income; 75% cash, 25% restricted stock; non-compete for 1 year post-termination.

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