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<SEC-DOCUMENT>0000930413-10-003814.txt : 20100706
<SEC-HEADER>0000930413-10-003814.hdr.sgml : 20100705
<ACCEPTANCE-DATETIME>20100706121753
ACCESSION NUMBER:		0000930413-10-003814
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100630
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20100706
DATE AS OF CHANGE:		20100706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REX AMERICAN RESOURCES 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:		10938100

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

	MAIL ADDRESS:	
		STREET 1:		2875 NEEDMORE RD
		CITY:			DAYTON
		STATE:			OH
		ZIP:			45414

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REX STORES CORP
		DATE OF NAME CHANGE:	19930915

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDIO VIDEO AFFILIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c62069_8-k.htm
<TEXT>

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<P align="center">
<FONT size=2 face="serif">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549</FONT></P>

<P align="center">
<FONT size=2 face="serif">FORM 8-K </FONT><BR>
<BR>
<FONT size=2 face="serif">CURRENT REPORT</FONT></P>

<P align="center">
<FONT size=2 face="serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>

<P align="center">
<FONT size=2 face="serif">Date of Report (Date of earliest event reported): June 30, 2010 </FONT></P>

<P align="center">
<FONT size=2 face="serif">REX AMERICAN RESOURCES CORPORATION<br>
(Exact name of registrant as specified in its charter)</FONT></P>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=center><p><FONT size=2 face="serif">Delaware</FONT></p></TD>
	<TD align=center width=33%><p><FONT size=2 face="serif">001-09097</FONT></p></TD>
	<TD align=center width=33%><p><FONT size=2 face="serif">31-1095548</FONT></p></TD>
</TR>
<TR valign="bottom">
	<TD align=center><p><FONT size=2 face="serif">(State or other jurisdiction</FONT></p></TD>
	<TD align=center width=33%><p><FONT size=2 face="serif">(Commission File No.)</FONT></p></TD>
	<TD align=center width=33%><p><FONT size=2 face="serif">(IRS Employer Identification No.)</FONT></p></TD>
</TR>
<TR valign="bottom">
	<TD align=center><FONT size=2 face="serif">of incorporation)</FONT></TD>
	<TD align=left width=33%>&nbsp;</TD>
	<TD align=left width=33%>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2><FONT size=2 face="serif">2875 Needmore Road, Dayton, Ohio</FONT></TD>
	<TD align=center width=33%><FONT size=2 face="serif">45414</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2><FONT size=2 face="serif">(Address of principal executive offices)</FONT></TD>
	<TD align=center width=33%><FONT size=2 face="serif">(Zip Code)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=2>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=center colspan=3><font size=2 face="serif">Registrant&#146;s telephone number, including area code: (937) 276-3931</font></TD>
  </TR>
</TABLE>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> 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): </FONT></P>

<P align="left">
  <font face=WINGDINGS>o</font><FONT size=2 face="serif"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P align="left">
  <font face=WINGDINGS>o</font><FONT size=2 face="serif">  Soliciting material pursuant to Rule 14a-12  under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P align="left">
<font face=WINGDINGS>o</font><FONT size=2 face="serif">  Pre-commencement  communications pursuant to Rule 14d-2(b)  under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P align="left">
<font face=WINGDINGS>o</font><FONT size=2 face="serif"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P align="left">
<FONT size=2 face="serif">Item 1.01 Entry into a Material Definitive Agreement </FONT></P>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> On June 30, 2010, REX
NuGen, LLC, a wholly owned subsidiary of REX American Resources Corporation (&#147;REX&#148;) entered into a Unit Purchase and Option Agreement (the &#147;Agreement&#148;) with Central
Farmers Cooperative (&#147;CFC&#148;) pursuant to which REX agreed to purchase from CFC Class A membership interest units of NuGen Energy, LLC (&#147;NuGen&#148;) constituting a 48.9% voting interest and a 47.77% equity interest in NuGen on a fully
diluted basis (the &#147;Purchased Units&#148;) after issuance of the Issued Units (as defined below). NuGen owns and operates a 100 MGY anhydrous ethanol refinery and production facility located in Turner County, South Dakota. </FONT></P>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The purchase price for the Purchased Units is &#36;8,861,611, payable &#36;2,410,361 at closing and the balance from cash distributions from NuGen that REX is entitled to until the aggregate
REX distributions paid to CFC equals the unpaid balance. REX also agreed to contribute an additional &#36;6,805,055 to NuGen at closing in exchange for 100 Class A Units to be issued by NuGen to REX (the &#147;Issued Units&#148;). NuGen will use the
capital contribution to eliminate Class C Unit warrants held by participating financial institutions pursuant to a revolving credit and security agreement between NuGen and the lender. </FONT></P>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Agreement contains customary representations, warranties, covenants and conditions by the parties. The closing of the transactions under the Agreement is expected to occur by July 30, 2010.
</FONT></P>

<P align="center">
<FONT size=2 face="serif">2</FONT></P>

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<P align="center">
<FONT size=2 face="serif">SIGNATURES</FONT></P>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">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.
</FONT></P>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan=3 align=left><font size=2 face="serif">REX AMERICAN RESOURCES<br>CORPORATION</font></TD>
  </TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan=2 align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan=2 align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan=2 align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17%><FONT size=2 face="serif">Date: July 6, 2010</FONT></TD>
	<TD  width=50%>&nbsp;</TD>
	<TD width=5% align=left><FONT size=2 face="serif">By:</FONT></TD>
    <TD colspan=2 align=left><u><font size=2 face="serif">/s/ DOUGLAS L. BRUGGEMAN</font></u></TD>
  </TR>
<TR valign="bottom">
	<TD align=left width=17%>&nbsp;</TD>
	<TD  width=50%>&nbsp;</TD>
	<TD width=5% align=left>&nbsp;</TD>
    <TD align=left><font size=2 face="serif">Name:</font></TD>
    <TD align=left><font size=2 face="serif"> Douglas L. Bruggeman</font></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17%>&nbsp;</TD>
	<TD  width=50%>&nbsp;</TD>
	<TD align=left width=5%>&nbsp;</TD>
	<TD  width=5%><font size=2 face="serif">Title:</font></TD>
	<TD align=left>
<FONT size=2 face="serif">Vice President-Finance,</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17%>&nbsp;</TD>
	<TD  width=50%>&nbsp;</TD>
	<TD align=left width=5%>&nbsp;</TD>
	<TD  width=5%>&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="serif">Chief Financial Officer and</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17%>&nbsp;</TD>
	<TD  width=50%>&nbsp;</TD>
	<TD align=left width=5%>&nbsp;</TD>
	<TD  width=5%>&nbsp;</TD>
	<TD align=left>
<FONT size=2 face="serif">Treasurer</FONT></TD>
</TR>
</TABLE>

<BR>

<P align="center">
<FONT size=2 face="serif">3</FONT></P>

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