REX American Resources Appoints J. Dennis Hastert to Board of Directors
DAYTON, Ohio -- June 26, 2014
REX American Resources Corporation (NYSE: REX) (“REX” or the “Company”)
announced today that the Company’s Board of Directors, acting pursuant to the
Company’s Bylaws, increased the number of directors from eight to nine and
appointed J. Dennis Hastert to fill the newly created directorship. Mr.
Hastert satisfies the standards for director independence under the applicable
rules of the SEC and the NYSE as well as the Company’s Corporate Governance
Guidelines and reflecting his appointment, the Company’s Board will be
composed of six members who satisfy the standards for director independence
under NYSE listing rules.
Mr. Hastert, 72, has been a member of the Public Policy & Law Practice of
Dickstein Shapiro LLP since 2008 where he concentrates in the areas of
government law and strategy and public policy. Mr. Hastert served as Speaker
of the U.S. House of Representatives from January 1999 until January 2007 and
was the longest-serving Republican Speaker in history. He was elected to the
U.S. House of Representatives in 1987 and served Illinois’ 14th Congressional
District from 1987 to 2007. He was a senior member of the Energy and Commerce
Committee and prior to his time in Congress, served in the Illinois House of
Representatives from 1980 to 1986.
About REX American Resources Corporation
REX American Resources has interests in seven ethanol production facilities,
which in aggregate shipped approximately 750 million gallons of ethanol over
the twelve month period ended April 30, 2014. REX’s effective ownership of the
trailing twelve month gallons shipped (for the twelve months ended April 30,
2014) by the ethanol production facilities in which it has ownership interests
was approximately 263 million gallons. Further information about REX is
available at www.rexamerican.com.
REX American Resources Corporation
Chief Financial Officer
Joseph Jaffoni, Norberto Aja
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