Filing Analysis
AMREP Corporation filed an 8-K to furnish its press release regarding results of operations for the fiscal year ended April 30, 2026. This is a routine earnings announcement filing.
📋 Key Facts
- Reported results of operations for the fiscal year ended April 30, 2026.
- Filing date: July 24, 2026.
- The press release (Exhibit 99.1) is furnished but not 'filed' for purposes of Section 18 of the Exchange Act.
Amrep Corporation announced significant compensation adjustments for its top executives, including cash bonuses and restricted stock awards. The changes involve the CEO and CFO and include both immediate cash payouts and multi-year vesting schedules.
🚩 Red Flags
- Significant cash outflows for executive bonuses in a micro-cap context.
📋 Key Facts
- CEO Christopher V. Vitale awarded a $178,000 cash bonus and 8,700 restricted shares (vesting July 2027, 2028, and 2029).
- CFO Adrienne M. Uleau awarded a $64,000 cash bonus and 2,250 restricted shares (vesting July 2027, 2028, and 2029).
- CEO salary increased to $395,000 effective July 27, 2026.
- CFO salary increased to $205,000 effective July 27, 2026.
AMREP Corporation reported its financial results for the three and nine-month periods ended January 31, 2026. The results were disclosed via a press release furnished as an exhibit to the filing.
📋 Key Facts
- Reporting period: Three and nine months ended January 31, 2026.
- Filing date: March 12, 2026.
- The company furnished the earnings information under Item 2.02 (Results of Operations and Financial Condition).
- Exhibit 99.1 contains the full press release with detailed financial performance.
Amrep Corporation announced the appointment of Timothy S. McNaney to its Board of Directors and a simultaneous expansion of the Board size from four to five members. Additionally, the company terminated its policy requiring non-employee directors to maintain ownership of at least 30,000 shares.
🚩 Red Flags
- Termination of director share ownership requirements (may signal a shift in governance or alignment with management interests).
📋 Key Facts
- Timothy S. McNaney appointed to the Board effective January 27, 2026.
- Board size increased from four members to five members.
- Class III directors increased from one member to two members.
- The policy requiring non-employee directors to maintain ownership of at least 30,000 shares was terminated on January 26, 2026.
- Mr. McNaney is a Class III director and will not serve on any committees.
AMREP Corporation filed an 8-K to furnish a press release regarding its results of operations for the three and six month periods ended October 31, 2025.
📋 Key Facts
- Reported results of operations for the three and six month periods ended October 31, 2025.
- Filing date: December 12, 2025.
- The information in Item 2.02 is furnished but not 'filed' for purposes of Section 18.
Amrep Corporation held its 2025 Annual Meeting of Shareholders on September 11, 2025. The meeting resulted in the election of a new director and the ratification of the company's independent auditor.
📋 Key Facts
- Robert E. Robotti was elected as a Class II director to serve until the 2028 Annual Meeting.
- Shareholders ratified the appointment of Rosenberg Rich Baker Berman, P.A. as the independent registered public accounting firm for the fiscal year ending April 30, 2026.
- The advisory vote on executive compensation (Say-on-Pay) was approved.
- Shareholders approved a proposal to hold advisory votes on executive compensation every one year.
- Quorum was met with 4,590,015 shares represented out of 5,305,949 total outstanding shares.
AMREP Corporation filed an 8-K to furnish its quarterly results of operations for the three-month period ended July 31, 2025. The filing serves as a formal mechanism to release the press release containing these financial results.
📋 Key Facts
- Reporting period: Three months ended July 31, 2025.
- Filing date: September 9, 2025.
- The filing includes Exhibit 99.1, which contains the actual financial results via press release.
AMREP Corporation's subsidiary, AMREP Southwest Inc., entered into a Seventh Modification Agreement and a Second Amended and Restated Revolving Line of Credit Promissory Note with BOKF, NA. The amendment extends the loan maturity date to August 15, 2028, and increases the total borrowing capacity by $750,000.
🚩 Red Flags
- None identified in this specific filing.
📋 Key Facts
- The modification involves a revolving line of credit for subsidiary AMREP Southwest Inc. (ASW).
- The maximum borrowing amount increased from $5,750,000 to $6,500,000.
- The scheduled maturity date was extended to August 15, 2028.
- The amendment required the payment of customary costs and fees to BOKF, NA.
AMREP Corporation has filed an 8-K to furnish a press release containing its results of operations for the fiscal year ended April 30, 2025.
📋 Key Facts
- The filing reports results of operations for the fiscal year ended April 30, 2025.
- The report was filed on July 25, 2025.
- Results are provided via a press release attached as Exhibit 99.1.
Amrep Corporation announced the appointment of Adrienne M. Uleau as Chief Financial Officer and Vice President, effective July 17, 2025. The filing also details new compensation packages and salary adjustments for both the CEO and the newly appointed CFO.
🚩 Red Flags
- None identified in this specific filing.
📋 Key Facts
- Adrienne M. Uleau appointed as CFO and VP effective July 17, 2025.
- CEO Christopher V. Vitale awarded a $168,000 cash bonus and 8,000 restricted shares vesting between 2026-2028.
- CFO Adrienne M. Uleau awarded a $61,000 cash bonus and 2,100 restricted shares vesting between 2026-2028.
- CEO salary increase to $381,000 effective July 28, 2025.
- CFO salary set at $200,000 effective July 28, 2025.
AMREP Corporation filed an 8-K to furnish a press release containing its results of operations for the three and nine month periods ended January 31, 2025.
📋 Key Facts
- Reporting period: Three and nine months ended January 31, 2025.
- Filing date: March 7, 2025.
- The filing is primarily to furnish Exhibit 99.1 (Press Release) regarding financial results.
AMREP Corporation filed an 8-K to furnish a press release containing its results of operations for the three and six month periods ended October 31, 2024.
📋 Key Facts
- Report covers financial results for the three and six month periods ending October 31, 2024.
- The filing is made pursuant to Item 2.02 (Results of Operations and Financial Condition).
- The primary content is contained in Exhibit 99.1 (Press Release) dated December 13, 2024.
AMREP Corporation reported its quarterly results for the period ending July 31, 2024 and announced the outcomes of its 2024 Annual Meeting of Shareholders held on September 12, 2024.
📋 Key Facts
- The company released financial results for the three-month period ended July 31, 2024 via press release (Exhibit 99.1).
- Edward B. Cloues, II and Christopher V. Vitale were elected as directors in Class I to serve until the 2027 Annual Meeting.
- Shareholders approved an advisory vote on executive compensation with 3,297,122 votes in favor.
- Quorum was established with 3,435,039 shares present out of 5,287,449 total shares outstanding.
AMREP Corporation has dismissed its independent registered public accounting firm, Baker Tilly US, LLP, and appointed Rosenberg Rich Baker Berman, P.A. (RRBB) as its new auditor for the fiscal year ending April 30, 2025.
🚩 Red Flags
- Auditor change (dismissal of existing firm) is a high-priority signal in micro-cap analysis as it can sometimes precede restatements or disagreements, despite the company's explicit denial of such issues.
📋 Key Facts
- Dismissal of Baker Tilly US, LLP effective July 24, 2024.
- Appointment of Rosenberg Rich Baker Berman, P.A. (RRBB) as the new independent auditor.
- The company stated there were no disagreements with Baker Tilly regarding accounting principles, financial statement disclosure, or auditing scope/procedures.
- Audit reports for fiscal years ended April 30, 2024, and April 30, 2023, did not contain adverse opinions, disclaimers, or qualifications.
AMREP Corporation has filed an 8-K to furnish its press release regarding results of operations for the fiscal year ended April 30, 2024.
📋 Key Facts
- Report date: July 23, 2024
- Reporting period: Fiscal year ended April 30, 2024
- The filing is for the purpose of furnishing results via Exhibit 99.1
- The information in Item 2.02 is being furnished and not 'filed' under Section 18 of the Exchange Act.
Amrep Corporation announced compensatory arrangements for its CEO and VP of Finance, including cash bonuses, restricted stock awards with three-year vesting schedules, and salary adjustments effective July 29, 2024. The company also filed amendments to its Bylaws for technical/administrative purposes.
🚩 Red Flags
- None identified in this specific filing.
📋 Key Facts
- Christopher V. Vitale (CEO) awarded a $150,000 cash bonus and 7,200 restricted shares vesting in three equal annual installments starting July 18, 2025.
- Christopher V. Vitale's salary increased to $375,000 effective July 29, 2024.
- Adrienne M. Uleau (VP, Finance and Accounting) awarded a $55,000 cash bonus and 1,890 restricted shares vesting in three equal annual installments starting July 18, 2025.
- Adrienne M. Uleau's salary increased to $180,000 effective July 29, 2024.
- The Board amended the Company Bylaws for technical and administrative changes effective July 19, 2024.
Amrep Corporation filed an 8-K to furnish its quarterly earnings press release for the periods ended January 31, 2024. The filing serves as a formal notification that results of operations and financial condition have been released.
📋 Key Facts
- Reported results of operations for the three and nine month periods ended January 31, 2024.
- Press release issued on March 8, 2024, is attached as Exhibit 99.1.
- The filing was signed by Adrienne M. Uleau, Vice President, Finance and Accounting.