Company: REX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000930413-25-001442
Chunk: 9

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 9
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 after he or she does not receive more than $120,000 of such compensation during any 12-month period. (Compensation received by an immediate family member for service as a non-executive employee need not be considered in determining independence 
 under this test.)                                                                                                                                                                                                                                                                                             |
| • |     | A director who is employed, or whose immediate family member is employed, as an executive officer of another company where any of the Company’s present executives at the same time serve on that company’s compensation committee is not independent until three years after the end of such service or the  
 employment relationship.                                                                                                                                                                                                                                                                                      |
| • |     | A director who is an employee, or whose immediate family member is an executive officer, of a company that makes payments to, or receives payments from, the Company for property or services                                                                                                                 |

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| in an amount which, in any single fiscal year, exceeds the greater of $1 million, or 2% of such other company’s consolidated gross revenues, is not independent until three years after falling below such threshold. |

Messrs. Harris, Alphonso, Elcan and Fisher and Ms. MacMillan currently have no relationships with the Company other than being a director. In August, 2024, the Company entered into a consulting services agreement with Highstake 35 LLC doing business as Mercury Public Affairs under which the Company paid the firm $15,000 per month to provide certain consulting services to the Company for the period commencing August 1, 2024 through December 31, 2024. The Company subsequently extended the agreement through June 30, 2025. Ms. Bustos is a partner and officer of Mercury Public Affairs. At the time the consulting services agreement was approved, the Board also concluded that Ms. Bustos would no longer be independent after the agreement went into effect, and she resigned at that time as a member of the Audit and Nominating/Corporate Governance Committees.

Our Board of Directors held six meetings during the fiscal year ended January 31, 2025. Directors are invited and encouraged to attend our Annual Meeting of Shareholders and all of our serving directors attended last year’s Annual Meeting of Shareholders. During our fiscal year ended January 31, 2025, each of our directors also attended 100% of the Board meetings and the meetings of each Committee on which such director served other than one director, who attended more than 80% of the meetings of the Board and each Committee