Edition:
United States

REX American Resources Corp (REX)

REX on New York Consolidated

97.71USD
25 Jul 2017
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Summary

Name Age Since Current Position

Stuart Rose

62 2015 Executive Chairman of the Board & Head of Corporate Development

Zafar Rizvi

67 2015 President, Chief Executive Officer, Director

Douglas Bruggeman

56 2003 Chief Financial Officer, Vice President - Finance, Treasurer

Edward Kress

67 1985 Secretary, Director

David Harris

57 2015 Lead Independent Director

Mervyn Alphonso

76 2007 Independent Director

Charles Elcan

53 2003 Independent Director

Lee Fisher

65 2011 Independent Director

Lawrence Tomchin

89 2004 Independent Director

Biographies

Name Description

Stuart Rose

Sir Stuart Alan Rose is a Executive Chairman of the Board & Head of Corporate Development of the Company. Mr. Rose was elected our Executive Chairman of the Board in 2015. Mr. Rose had served as our Chairman of the Board and Chief Executive Officer since our incorporation in 1984 as a holding company. Prior to 1984, Mr. Rose was Chairman of the Board and Chief Executive Officer of Rex Radio and Television, Inc., which he founded in 1980 to acquire the stock of a corporation which operated four retail stores.

Zafar Rizvi

Mr. Zafar A. Rizvi is a President, Chief Executive Officer, Director of the Company. Mr. Rizvi, 65, has served as President and Chief Operating Officer of the Company since 2010. Previously, he had been Vice President, and has been President of Farmers Energy Incorporated, our alternative energy investment subsidiary, since 2006. From 1991 to 2006, Mr. Rizvi was Vice President – Loss Prevention.

Douglas Bruggeman

Mr. Douglas L. Bruggeman is a Chief Financial Officer, Vice President - Finance, Treasurer of Rex American Resources Corporation. He was elected as Chief Financial Officer in 2003. From 1987 to 1989, Mr. Bruggeman was our Manager of Corporate Accounting. Mr. Bruggeman was employed with the accounting firm of Ernst & Young prior to joining us in 1986.

Edward Kress

Mr. Edward M. Kress is a Secretary, Director of Rex American Resources Corporation. Mr. Kress has been our Secretary since 1984 and a director since 1985. Mr. Kress has been a partner of the law firm of Dinsmore & Shohl LLP (formerly Chernesky, Heyman & Kress P.L.L.), our legal counsel, since 1988. Mr. Kress has practiced law in Dayton, Ohio since 1974. Mr. Kress, a lawyer and our legal counsel, provides the Board with critical legal advice and perspective.

David Harris

Mr. David S. Harris is a Lead Independent Director of the Company. He has been a director since 2004 and Lead Director since 2015. Mr. Harris has served as President of Grant Capital, Inc., a private investment company, since 2002. During 2001, Mr. Harris served as a Managing Director in the investment banking division of ABN Amro Securities LLC (ABN). From 1997 to 2001, Mr. Harris served as a Managing Director and Sector Head of the Retail, Consumer and Leisure Group of ING Barings LLC (ING). The investment banking operations of ING were acquired by ABN in 2001. From 1986 to 1997 Mr. Harris served in various capacities as a member of the investment banking group of Furman Selz LLC. Furman Selz was acquired by ING in 1997. Mr. Harris is also a director of Carrols Restaurant Group, Inc. where he is Chairman of the Audit Committee and serves on the Compensation Committee. Prior to its sale in 2015, Mr. Harris was a director of Steiner Leisure Limited, a worldwide provider in the fields of beauty, wellness and education. Mr. Harris served on the Audit Committee of Steiner Leisure Limited and was Chairman of its Compensation Committee. Mr. Harris’ experience in investment banking, corporate finance and capital markets is valuable to the Board in developing strategy and evaluating senior management.

Mervyn Alphonso

Mr. Mervyn L. Alphonso is an Independent Director of the Company. He has been a director since 2007. Mr. Alphonso retired as Vice President for Administration and Chief Financial Officer of Central State University in 2007, a position he held since 2004. Mr. Alphonso has over 30 years of experience in the banking industry. He was President, Dayton District, KeyBank National Association from 1994 to 2000 and held various management positions with KeyBank of New York, N.A., Crocker National Bank and Bankers Trust Company. Mr. Alphonso served as a Peace Corps volunteer from 2001 to 2003. Mr. Alphonso’s experience in the banking industry and as a chief financial officer provides the Board with financial management expertise.

Charles Elcan

Mr. Charles A. Elcan is an Independent Director of Rex American Resources Corporation. Mr. Elcan has been a director since 2003. Mr. Elcan is a founder and President of China Healthcare Corporation, organized in 2008 to build and operate hospitals in China. Mr. Elcan was Executive Vice President—Medical Office Properties of Health Care Property Investors, Inc. (HCP), a real estate investment trust specializing in health care related real estate, from 2003 to 2008, and served as the Chief Executive Officer and President of MedCap Properties, LLC, a real estate company located in Nashville, Tennessee that owned, operated and developed real estate in the healthcare field, from 1998 to 2003. (HCP acquired MedCap Properties in 2003.) From 1992 to 1997, Mr. Elcan was a founder and investor in Behavioral Healthcare Corporation (now Ardent Health Services LLC), a healthcare company that owns and operates acute care hospitals. Mr. Elcan, a founder of health care real estate companies, brings to the Board entrepreneurial experience and real estate expertise.

Lee Fisher

Mr. Lee Fisher is an Independent Director of Rex American Resources Corporation. Mr. Fisher has been a director since 2011. Mr. Fisher was appointed Interim Dean of Cleveland State University’s Cleveland-Marshall College of Law for the 2016-2017 academic year. Prior to his appointment, he was President and Chief Executive Officer of CEOs for Cities, a non-profit national organization of urban leaders focused on revitalizing American cities, and currently serves as a senior advisor. Mr. Fisher is also a Senior Fellow with the Levin College of Urban Affairs at Cleveland State University and an Urban Scholar with the College of Urban Planning and Public Affairs at the University of Illinois-Chicago. Mr. Fisher served as Lieutenant Governor of Ohio from 2007 to 2011, including as Director of the Ohio Department of Development. Mr. Fisher was a director of REX from 1996 to 2006. He served as President and Chief Executive Officer of the Center for Families and Children, a private non-profit human services organization, from 1999 to 2006. Mr. Fisher was a partner in the law firm of Hahn Loeser & Parks LLP from 1995 to 1999, served as Ohio Attorney General from 1991 to 1995, State Senator and State Representative, Ohio General Assembly, from 1981 to 1990, and practiced law with Hahn Loeser & Parks from 1978 to 1990. Mr. Fisher was formerly a director of OfficeMax Incorporated. Mr. Fisher brings to the Board experience and understanding of law, government, public affairs, economic development, and regulatory and public policy.

Lawrence Tomchin

Mr. Lawrence Tomchin is an Independent Director of the Company. He retired as our President and Chief Operating Officer in 2004, a position he held since 1990, and remained a part-time employee and consultant until 2006. From 1984 to 1990, he was our Executive Vice President and Chief Operating Officer. Mr. Tomchin has been a director since 1984. Mr. Tomchin was Vice President and General Manager of the corporation which was acquired by Rex Radio and Television, Inc. in 1980 and served as Executive Vice President of Rex Radio and Television, Inc. after the acquisition. Mr. Tomchin’s service as our retired Chief Operating Officer provides the Board with additional perspective of the Company’s operations.

Basic Compensation

Name Fiscal Year Total

Stuart Rose

1,332,360

Zafar Rizvi

1,831,370

Douglas Bruggeman

1,078,990

Edward Kress

--

David Harris

50,000

Mervyn Alphonso

45,000

Charles Elcan

45,000

Lee Fisher

45,000

Lawrence Tomchin

45,000
As Of  30 Jan 2016

Options Compensation

Name Options Value

Stuart Rose

3,478,075 27,692,150

Zafar Rizvi

400,000 4,023,873

Douglas Bruggeman

311,800 2,486,066

Edward Kress

0 0

David Harris

0 0

Mervyn Alphonso

0 0

Charles Elcan

0 0

Lee Fisher

0 0

Lawrence Tomchin

1,155,625 7,914,208