AMREP CORP. 8-K filed 2026-09-11

AMREP CORP., listed on the NYSE under the ticker AXR and classified as Land Subdividers & Developers (No Cemeteries), filed this 8-K on 2026-09-11. It covers three items: a quarterly earnings release, the adoption of a new equity compensation plan, and the results of the company's 2026 Annual Meeting of Shareholders, held on September 10, 2026. Under Item 2.02, the company says that on September 11, 2026 it issued a press release reporting results of operations for the three-month period ended July 31, 2026. That release is furnished as Exhibit 99.1 and is not deemed "filed" for Section 18 purposes. The revenue, earnings and other financial figures are not in the filing excerpt, so a reader needs to open Exhibit 99.1 at the source for them. Under Item 5.02, shareholders approved the AMREP Corporation 2026 Equity Compensation Plan. It takes effect on September 20, 2026 and no awards may be granted on or after September 19, 2036, although the Board may end it earlier. The plan allows up to 500,000 shares of common stock to be granted, subject to adjustment for events such as a merger or stock split. Awards can take the form of options, restricted stock, restricted stock units, deferred stock units, stock appreciation rights, dividend equivalent rights and other equity-based awards. Option exercise prices must be at least 100% of fair market value on the grant date. Named executive officers Christopher V. Vitale and Adrienne M. Uleau are eligible. Annual per-person caps are 50,000 option shares and 30,000 other award shares for non-director participants, and 25,000 and 15,000 for directors. Beginning on the last trading day of calendar year 2026, each non-employee director will receive deferred stock units equal to $30,000 divided by the NYSE closing price that day, pro-rated for changes in board membership. Under Item 5.07, shareholders elected Timothy S. McNaney and Albert V. Russo as Class III directors and approved the equity plan. The filing text gives the full vote tallies for each. It also lists an advisory vote on named executive officer compensation, but the excerpt cuts off before that result, so the outcome of that vote is not in the filing excerpt.