AMREP CORP. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2021 Annual Meeting of Shareholders held on September 9, 2021. The Company, AMREP Corporation, is incorporated in Oklahoma and trades on the New York Stock Exchange under the symbol AXR.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting outcomes.
Material Changes and Voting Results
Shareholders holding 6,538,829 shares (out of 7,336,370 outstanding) were present in person or by proxy. The following matters were approved:
- Director Elections (Class I): Edward B. Cloues, II and Christopher V. Vitale were elected to serve until the 2024 Annual Meeting.
- Executive Compensation: The advisory vote on executive compensation was approved.
- Auditor Ratification: The appointment of Marcum LLP as the independent registered public accounting firm for fiscal year 2022 was ratified.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Edward B. Cloues, II received 4,475,883 votes for, while Christopher V. Vitale received 5,134,092 votes for.
- The advisory vote on executive compensation passed with 4,190,820 votes for versus 374,140 votes against.
- Marcum LLP was ratified as the auditor with 6,511,106 votes for versus 3,154 votes against.
- Broker non-votes totaled 1,390,953 for the director elections and the executive compensation vote.