UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 3, 2007
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AMREP CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Oklahoma 1-4702 59-0936128
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
300 Alexander Park, Suite 204, Princeton, New Jersey 08540
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (609) 716-8200
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 3, 2007, the Compensation and Human Resources Committee of the Board
of Directors of AMREP Corporation (the "Company") approved the awarding of
bonuses to certain executive officers with respect to the fiscal year ended
April 30, 2007. Pursuant to Item 402 of Regulation S-K, bonus information for
these executives was not included in the Summary Compensation Table filed as
part of the Company's annual proxy statement on August 23, 2007 because the
amounts of the bonuses could not be calculated at the time the proxy statement
was filed.
The following table updates portions of the Summary Compensation Table to
reflect the bonus awards and should be read in conjunction with the other
information included in the Company's annual proxy statement filed August 23,
2007:
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Bonus Total
Name and Principal Position ($) ($)
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James Wall 128,000 519,315
Senior Vice President;
Chairman of the Board,
President and Chief Executive
Officer of the Company's AMREP
Southwest Inc. subsidiary
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Peter M. Pizza 20,000 219,459
Vice President, Chief Financial Officer and
Treasurer
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Irving Needleman 20,000 111,670
Vice President, General Counsel and Secretary
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Michael P. Duloc 25,000 397,587
President and Chief Executive Officer of the
Company's Kable Media Services, Inc.
subsidiary
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMREP CORPORATION
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(Registrant)
By: /s/ Peter M Pizza
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Peter M. Pizza
Vice President and
Chief Financial Officer
Date: December 7, 2007