REX American Resources CEO Zafar Rizvi's 2018 pay falls 60% to $879K
REX American Resources reports 2018 executive compensation
By ExecPay News
Published: May 8, 2019
REX American Resources reported fiscal year 2018 executive compensation information on May 8, 2019.
In 2018, three executives at REX American Resources received on average a compensation package of $705K, a 58% decrease compared to previous year.
Average pay of disclosed executives at REX American Resources
Zafar Rizvi, Chief Executive Officer, received $879K in total, which decreased by 60% compared to 2017. 50% of Rizvi's compensation, or $436K, was in non-equity incentive plan. Rizvi also received $225K in salary, $218K in stock awards, as well as $200 in other compensation.
For fiscal year 2018, the median employee pay was $48,256 at REX American Resources. Therefore, the ratio of Zafar Rizvi's pay to the median employee pay was 18 to one.
Stuart A. Rose, Chairman, received a compensation package of $634K, which decreased by 60% compared to previous year. 50% of the compensation package, or $320K, was in non-equity incentive plan.
Douglas L. Bruggeman, Chief Financial Officer, earned $603K in 2018, a 52% decrease compared to previous year.
REX American Resources' fiscal year ends on January 31.
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Source: SEC filing on May 8, 2019.