REX American Resources approved new employment agreements effective Feb 1, 2026, raising bonus limits and setting salary terms for Stuart A. Rose, Zafar A. Rizvi and Douglas L. Bruggeman.
| IndividualStuart A. RoseZafar A. RizviDouglas L. Bruggeman | RoleExecutive Chairman of the BoardChief Executive OfficerVice President‑Finance, Chief Financial Officer and Treasurer | Type of ChangeEmployment agreement approved / replaced prior agreementEmployment agreement approved / replaced prior agreementEmployment agreement approved / replaced prior agreement | Effective DateFebruary 1, 2026 (executed June 29, 2026)February 1, 2026 (executed June 29, 2026)February 1, 2026 (executed June 29, 2026) | ReasonCompensation committee recommended market-based adjustments following Pearl Meyer reviewCompensation committee recommended market-based adjustments following Pearl Meyer reviewCompensation committee recommended market-based adjustments following Pearl Meyer review | Replacement InfoNot disclosedNot disclosedNot disclosed | Background DetailsAnnual base salary $225,000; annual cash/incentive bonus computed based on company earningsAnnual base salary $275,000; annual cash/incentive bonus computed based on company earnings; Rizvi annual bonus limit increased to $12,000,000Annual base salary $300,000; annual cash/incentive bonus computed based on company earnings | Board/Committee Role ChangesNot disclosedNot disclosedNot disclosed |
Original SEC Filing:
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