REX raises executive bonus caps sharply: CEO max jumps 140% to $12M, Chairman and CFO to $4M

Filed July 1, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  CEO Zafar Rizvi's annual bonus cap increased 140% from $5M to $12M; severance bonus cap doubled from $6M to $12M. Base salary remains $275K.

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

  Executive Chairman Stuart Rose and CFO Douglas Bruggeman each received 60% annual bonus cap increases (from $2.5M to $4M) and 67% severance cap increases (from $3M to $5M).

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

  New agreements effective retroactively to February 1, 2026, following December 2025 market review by compensation consultant Pearl Meyer. Approved by Compensation Committee May 28, 2026.

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