secwatch.observer — SEC 8-K summary
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Issuer:     REX AMERICAN RESOURCES Corp (REX)
CIK:        0000744187
Form:       8-K
Filed at:   2026-07-01T13:08:36+00:00
Accession:  0000930413-26-002006
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744187/000093041326002006/0000930413-26-002006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744187/000093041326002006/c116858_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-26-002006

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