REX AMERICAN RESOURCES CORPORATION (NYSE:REX) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
| Submission of Matters to a Vote of Security Holders |
The annual meeting of shareholders of REX American Resources
Corporation was held on June 13, 2017, at which the following
matters were submitted to a vote of shareholders. Final voting
results are shown below.
1. Election of eight directors. The shareholders elected each of
the eight nominees to the Board of Directors for a one year term
by a majority of votes cast.
| Nominee | For | Against | Abstain | Broker Non-Votes |
| Stuart A. Rose | 4,997,534 | 487,837 | 2,909 | |
| Lawrence Tomchin | 5,355,709 | 129,372 | 3,199 | |
| Edward M. Kress | 4,573,312 | 911,769 | 3,199 | |
| Charles A. Elcan | 4,930,428 | 554,767 | 3,085 | |
| David S. Harris | 4,939,528 | 545,667 | 3,085 | |
| Mervyn L. Alphonso | 5,065,138 | 419,943 | 3,199 | |
| Lee Fisher | 5,281,083 | 203,988 | 3,209 | |
| Zafar Rizvi | 5,208,380 | 276,732 | 3,168 |
2. Advisory vote on executive compensation.
| For | Against | Abstain | Broker Non-Votes |
| 5,369,548 | 107,688 | 11,044 |
3. Advisory vote on the frequency of the advisory vote on
executive compensation.
| 3 Years | 2 Years | 1 Year | Abstain | Broker Non-Votes |
| 923,885 | 3,728 | 4,554,816 | 5,851 |
In light of the voting results as to the frequency of the
advisory vote on executive compensation, REX has decided that it
will include a shareholder advisory vote on executive
compensation in its proxy materials every year. REX is required
to hold an advisory vote on frequency at least once every six
years.
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About REX AMERICAN RESOURCES CORPORATION (NYSE:REX)
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River). One Earth has its ethanol production facility in Gibson City, Illinois. NuGen operates an ethanol producing facility in Marion, South Dakota. Big River is a holding company for various entities, including Big River Resources West Burlington, LLC, which operates an ethanol plant in West Burlington, Iowa. Big River has interest in Big River United Energy, LLC, which operates an ethanol production facility located in Dyersville, Iowa. Big River has interest in an ethanol production facility, which is located in Boyceville, Wisconsin.