-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BsYi1FPq1QzJpBzTEGdGFYyCghMqs9Op93cnclp1EKaTX+pZA+Sp8ooSSFwjYkhh JfmsNIhqmIsVaXgUw8FnJg== 0000006207-07-000021.txt : 20071009 0000006207-07-000021.hdr.sgml : 20071008 20071009145953 ACCESSION NUMBER: 0000006207-07-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071005 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071009 DATE AS OF CHANGE: 20071009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMREP CORP. CENTRAL INDEX KEY: 0000006207 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 590936128 STATE OF INCORPORATION: OK FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04702 FILM NUMBER: 071162356 BUSINESS ADDRESS: STREET 1: 300 ALEXANDER PARK STREET 2: SUITE 204 CITY: PRINCETON STATE: NJ ZIP: 08540 BUSINESS PHONE: (609) 716-8200 MAIL ADDRESS: STREET 1: 300 ALEXANDER PARK STREET 2: SUITE 204 CITY: PRINCETON STATE: NJ ZIP: 08540 FORMER COMPANY: FORMER CONFORMED NAME: AMREP CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN REALTY & PETROLEUM CORP DATE OF NAME CHANGE: 19671019 8-K 1 axr8k100507.txt 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): October 5, 2007 ------------------------------ AMREP CORPORATION - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Oklahoma 1-4702 59-0936128 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission File (IRS Employer of Incorporation) Number) Identification Number) 300 Alexander Park, Suite 204, Princeton, New Jersey 08540 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (609) 716-8200 --------------------------- Not Applicable - -------------------------------------------------------------------------------- (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 8.01 Other Events. In a press release dated October 8, 2007, the Registrant announced completion of its 500,000 share common stock repurchase program announced on July 16, 2007. The Registrant also announced that, on October 5, 2007, its Board of Directors authorized an additional 500,000 share common stock repurchase program. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description - ----------- ----------- 99.1 Press release of the Registrant dated October 8, 2007, announcing completion of a previously authorized common stock repurchase program and authorization of an additional repurchase program. 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 ----------------- (Registrant) By: /s/ Peter M Pizza ------------------ Peter M. Pizza Vice President and Chief Financial Officer Date: October 9, 2007 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Press release of the Registrant dated October 8, 2007, announcing completion of a previously authorized common stock repurchase program and authorization of an additional repurchase program. EX-99 2 axr8k100507exh99.txt EXHIBIT 99.1 FOR: AMREP Corporation 300 Alexander Park, Suite 204 Princeton, New Jersey 08540 CONTACT: Peter M. Pizza Vice President and Chief Financial Officer (609) 716-8210 AMREP CORPORATION REPORTS COMPLETION OF SHARE REPURCHASE PROGRAM AND ANNOUNCES ADDITIONAL SHARE REPURCHASE PROGRAM Princeton, New Jersey, October 8, 2007 - AMREP Corporation (NYSE: AXR) today reported that it has completed its 500,000 share Common Stock repurchase program announced on July 16, 2007, reducing its number of outstanding shares to 6,153,612. The 500,000 shares were purchased in open market transactions for a total purchase price, including commissions, of $15,933,000, or an average of $31.87 per share. The Company also announced that its Board of Directors has authorized the repurchase of up to an additional 500,000 shares of its outstanding common stock. The purchases may be made from time-to-time either in the open market or through negotiated private transactions with non-affiliates of the Company. The timing and actual number of shares repurchased will depend on a variety of factors including price, alternative investment opportunities and other market conditions, and no assurance can be given as to whether there will be any further repurchases or the extent or the time period over which they may occur. The Company expects to fund these share purchases from internally generated cash or from borrowings. The 500,000 additional shares authorized for repurchase represent approximately 8.1 % of the 6,153,612 shares of the Company's common stock that are currently outstanding. AMREP Corporation's AMREP Southwest Inc. subsidiary is a major landholder and leading developer of real estate in Rio Rancho, New Mexico, and its Kable Media Services, Inc. subsidiary distributes magazines to wholesalers and provides subscription fulfillment and related services to publishers and others. -----END PRIVACY-ENHANCED MESSAGE-----