Company: REX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000930413-25-001442
Chunk: 35

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 35
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 the Company or the Board of Directors, we value the opinion of shareholders and will consider the outcome of the vote when making future executive compensation decisions.

The affirmative vote of a majority of the shares present at the Annual Meeting in person or by proxy is required for approval of this proposal. Abstentions will have the effect of a vote against the proposal. Broker non-votes will not be counted.

The Board of Directors recommends a vote FOR approval of the compensation of our named executive officers.

<div align='center'>23

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT</div>

The following table sets forth, as of April 15, 2025 (the record date for the Annual Meeting), certain information with respect to the beneficial ownership of REX Common Stock by each director and nominee for director, each named executive officer, all directors and executive officers as a group and those persons or groups known by us to own more than 5% of our Common Stock.

For purposes of this table, a person is considered to “beneficially own” any shares if the person, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, has (or has the right to acquire within 60 days after April 15, 2025) sole or shared power: (i) to vote or to direct the voting of the shares or (ii) to dispose or to direct the disposition of the shares. Unless otherwise indicated, voting power and investment power are exercised solely by the named person or shared with members of his household. Unvested restricted stock held by certain officers and directors may be voted by the holder but may not be disposed of prior to vesting.

| Name and Address                                               |        | Common Stock       
 Beneficially Owned |     |           |     |          |     |       |   |
|                                                                | Number |                    |     |           |     | Percent1 |     |       |   |
| Stuart A. Rose2                                                |        |                    |     | 1,614,872 |     |          |     |  9.72 | % |
| 7720 Paragon Road,                                             
 Dayton, OH 4549                                                |        |                    |     |           |     |          |     |       |   |
| Zafar A. Rizvi3                                                |        |                    |     |   359,547 |     |          |     |  2.16 | % |
| Douglas L.