AMREP CORP. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2022 Annual Meeting of Shareholders held on September 8, 2022. AMREP Corporation (NYSE: AXR) is incorporated in Oklahoma and maintains its principal executive offices in Havertown, PA.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance events.
Material Changes and Voting Results
Shareholders holding 3,290,224 shares (out of 5,254,909 outstanding) were present or represented by proxy. The following actions were taken:
- Director Election: Robert E. Robotti was elected to Class II of the Board of Directors to serve until the 2025 Annual Meeting.
- Executive Compensation: The advisory vote on executive compensation was approved.
Voting Details
| Proposal | Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Election of Robert E. Robotti | 2,955,942 | 334,282 (Withheld) | N/A | 0 |
| Advisory Vote on Executive Compensation | 3,131,898 | 154,280 | 4,046 | 0 |
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
- Robert E. Robotti's tenure on the Board extends through the 2025 Annual Meeting.
- Shareholder approval for executive compensation was secured with approximately 95.4% of votes cast in favor.
- Approximately 62.6% of outstanding shares were represented at the meeting.
- There were no broker non-votes recorded for either proposal.