AMREP CORP. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by AMREP CORP. on September 20, 2012, covering events that occurred on September 19, 2012. The report details corporate governance actions taken at the Company's 2012 Annual Meeting of Shareholders.
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 results rather than financial performance.
Material Changes and Corporate Actions
- By-Law Amendment: The Board of Directors amended Section 7 of Article III of the Company's By-Laws. The amendment establishes that a majority of the entire Board of Directors is required to constitute a quorum at Board meetings.
- Shareholder Meeting: The 2012 Annual Meeting was held on September 19, 2012. Shareholders representing 4,515,277 shares (out of 5,996,212 outstanding) were present in person or by proxy.
- Director Elections: Two directors were reelected to Class I, serving until the 2015 Annual Meeting:
| Director Name | Votes For | Votes Withheld |
|---|---|---|
| Edward B. Cloues, II | 4,476,583 | 38,694 |
| Jonathan B. Weller | 4,476,833 | 38,444 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the amendment of by-laws and the results of the shareholder vote.
Key Facts for Investor Verification
- Verify the effective date of the By-Law amendment regarding Board quorum requirements.
- Confirm the total number of shares outstanding (5,996,212) and the percentage of shares represented at the meeting (approximately 75.3%).
- Review the full text of the amended By-Laws (Exhibit 3(a)) to understand the implications of the new quorum standard.
- Note that no financial data or operational updates were included in this specific filing.