AMREP CORP. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2025 Annual Meeting of Shareholders held on September 11, 2025. AMREP Corporation (NYSE: AXR) is incorporated in Oklahoma with 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. This report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
Shareholders holding 4,590,015 shares (out of 5,305,949 outstanding) were present in person or 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 2028 Annual Meeting. He received 2,990,325 votes for, 283,517 votes withheld, and 1,316,173 broker non-votes.
- Executive Compensation (Say-on-Pay): Shareholders approved, on an advisory basis, the compensation of named executive officers. Votes: 3,118,485 For, 153,688 Against, 1,669 Abstentions.
- Auditor Ratification: Shareholders ratified the appointment of Rosenberg Rich Baker Berman, P.A. as the independent registered public accounting firm for the year ended April 30, 2026. Votes: 4,522,408 For, 50,991 Against, 16,616 Abstentions.
- Compensation Vote Frequency: Shareholders voted to hold advisory votes on executive compensation annually. Votes: 2,956,094 For (One Year), 494 Against, 315,380 Abstentions. The Board has adopted this one-year frequency.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the final composition of the Board of Directors following the election of Robert E. Robotti.
- Confirm the engagement of Rosenberg Rich Baker Berman, P.A. for the fiscal year ending April 30, 2026.
- Note the Board's decision to conduct annual say-on-pay votes based on the shareholder advisory result.
- Review the full proxy statement for detailed executive compensation data referenced in the advisory vote.