REX doubles authorized shares to 90M, approves 2026 equity incentive plan

Filed June 3, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Authorized common stock doubled from 45M to 90M shares, effective June 1, 2026, providing flexibility for future equity issuances but creating potential dilution risk.

  Item 5.03 — Amendments to Articles of Incorporation or Bylaws verify on EDGAR →
• medium

  Shareholders approved the 2026 Incentive Plan with 98.5% support, authorizing new stock-based compensation for employees, directors, and service providers.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  All nine directors elected for one-year terms with support ranging from 85.6% (Alphonso) to 98.5% (Rizvi); 29.3M shares represented at annual meeting.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →