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): January 7, 2007
REX STORES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 001-09097 31-1095548
(State or other jurisdiction (Commission File No.) (IRS Employer Identification No.)
of incorporation)
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))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of
Certain Officers.
On January 7, 2007, Lee Fisher resigned from the Board of Directors of
REX Stores Corporation (the "Company"). Mr. Fisher resigned due to his election
as Ohio Lieutenant Governor and not because of any disagreement with the
Company. Mr. Fisher has entered into a Rule 10b5-1 trading plan to liquidate all
of his vested stock options in the Company.
On January 11, 2007, the Board of Directors of the Company, pursuant to
the Company's Bylaws, appointed Mervyn L. Alphonso to fill the vacancy created
by Mr. Fisher's resignation. Mr. Alphonso, 65, has been Vice President for
Administration and Chief Financial Officer of Central State University since
2004. Mr. Alphonso has over 30 years of experience in the banking industry. He
was President, Dayton District, KeyBank National Association from 1994 to 2000
and held various management positions with KeyBank of New York, N.A., Crocker
National Bank and Bankers Trust Company. Mr. Alphonso served as a Peace Corps
volunteer from 2001 to 2003.
Mr. Alphonso has not been named to any committees of the Board of
Directors. Mr. Alphonso will receive the standard compensation received by other
directors who are not officers or employees of the Company.
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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: January 11, 2007 By: /S/ DOUGLAS L. BRUGGEMAN
------------------------
Name: Douglas L. Bruggeman
Title: Vice President-Finance,
Chief Financial Officer and
Treasurer
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