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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950117-06-001736.txt : 20060414
<SEC-HEADER>0000950117-06-001736.hdr.sgml : 20060414
<ACCEPTANCE-DATETIME>20060414113949
ACCESSION NUMBER:		0000950117-06-001736
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060412
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20060414
DATE AS OF CHANGE:		20060414

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REX STORES CORP
		CENTRAL INDEX KEY:			0000744187
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731]
		IRS NUMBER:				311095548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09097
		FILM NUMBER:		06760006

	BUSINESS ADDRESS:	
		STREET 1:		2875 NEEDMORE RD
		CITY:			DAYTON
		STATE:			OH
		ZIP:			45414
		BUSINESS PHONE:		5132763931

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDIO VIDEO AFFILIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a41807.txt
<DESCRIPTION>REX STORES CORPORATION
<TEXT>

<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): April 12, 2006

                             REX STORES CORPORATION
             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                              <C>                      <C>
           Delaware                    001-09097                     31-1095548
(State or other jurisdiction     (Commission File No.)    (IRS Employer Identification No.)
      of incorporation)
</TABLE>

    2875 Needmore Road, Dayton, Ohio                       45414
 (Address of principal executive offices)                (Zip Code)

       Registrant's telephone number, including area code: (937) 276-3931

         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

         [ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)

         [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

         [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

         [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))





<PAGE>


Item 1.01 Entry into a Material Definitive Agreement

         On April 12, 2006, the Compensation Committee of the Board of Directors
of REX Stores Corporation (the "Company") approved the following cash bonuses to
executive officers and a director for fiscal 2005:

<TABLE>
<CAPTION>
         Name                          Title                                           Fiscal 2005 Bonus
         ----                          -----                                           -----------------
         <S>                           <C>                                             <C>
         Stuart Rose                   Chairman and Chief Executive Officer                  $ 1,154,360
         David Bearden                 President                                                  23,750
         Douglas Bruggeman             Vice President-Finance and Treasurer                       60,180
         David Fuchs                   Vice President-Management Information Systems              60,180
         Philip Keller                 Vice President-Store Operations                            91,229
         Keith Magby                   Vice President-Operations                                  90,270
         Zafar Rizvi                   Vice President-Loss Prevention                             90,961
         Lawrence Tomchin              Director                                                  269,832
</TABLE>


         The annual cash bonuses for fiscal 2005 were generally based upon
earnings as a percentage of net sales and revenue. Mr. Rizvi's bonus included
inventory shrinkage goals and is calculated and paid quarterly. Amount shown
does not include payments earned prior to Mr. Rizvi being appointed an executive
officer in May 2005. Mr. Bearden's annual cash bonus was based upon earnings of
the Company's retail business and prorated 25% for time of service under the
terms of his employment agreement. Mr. Bearden joined the Company in October
2005.

                                       2



<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                    REX STORES CORPORATION


Date: April 14, 2006                By:  /s/ DOUGLAS L. BRUGGEMAN
                                         ------------------------
                                         Name:  Douglas L. Bruggeman
                                         Title: Vice President-Finance,
                                                Chief Financial Officer and
                                                Treasurer


                                       3

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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