AMREP CORP. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by AMREP Corporation on July 13, 2026. The report discloses executive compensation adjustments and equity awards granted to the company's President and Chief Executive Officer, Christopher V. Vitale, and its Chief Financial Officer and Vice President, Adrienne M. Uleau.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation arrangements.
Material Changes
The following material changes to executive compensation were approved effective July 13, 2026, with salary adjustments taking effect on July 27, 2026:
- Christopher V. Vitale (CEO):
- Received a $178,000 cash bonus.
- Granted 8,700 restricted shares of common stock vesting in three equal tranches of 2,900 shares on July 13, 2027, 2028, and 2029.
- Base salary increased to $395,000.
- Adrienne M. Uleau (CFO):
- Received a $64,000 cash bonus.
- Granted 2,250 restricted shares of common stock vesting in three equal tranches of 750 shares on July 13, 2027, 2028, and 2029.
- Base salary increased to $205,000.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or discussion of risks and contingencies. The equity awards are subject to the continued employment of the respective officers on each vesting date.
Key Facts for Investor Verification
- Verify the total cash bonus payout of $242,000 to the CEO and CFO.
- Confirm the total grant of 10,950 restricted shares and their specific vesting schedule through 2029.
- Review the effective date of the salary increases (July 27, 2026) for future payroll expense impact.
- Check the company's 2016 Equity Compensation Plan for remaining share availability.