Amrep Corp 8-K, filed Jul 14, 2023
Amrep Corp. (AXR)
About this 8-K
Amrep Corp filed this 8-K on July 14, 2023, reporting on events of July 12, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 12, 2023, AMREP Corporation (the “Company”) awarded (a) Christopher V. Vitale, President and Chief Executive Officer of the Company, a $165,000 cash bonus and 8,000 restricted shares of common stock of the Company under the AMREP Corporation 2016 Equity Compensation Plan that vest as follows: 2,666 shares on July 12, 2024, 2,667 shares on July 12, 2025 and 2,667 shares on July 12, 2026, subject to the continued employment of Mr. Vitale on each vesting date and (b) Adrienne M. Uleau, Vice President, Finance and Accounting of the Company, a $60,000 cash bonus and 2,100 restricted shares of common stock of the Company under the AMREP Corporation 2016 Equity Compensation Plan that vest as follows: 700 shares on July 12, 2024, 700 shares on July 12, 2025 and 700 shares on July 12, 2026, subject to the continued employment of Ms. Uleau on each vesting date. On July 12, 2023, the Company approved a change in salary to $360,000 for Mr. Vitale and to $175,000 for Ms. Uleau effective as of July 17, 2023.
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 | ||
| Date: July 14, 2023 | By: |
/s/ Christopher V. Vitale |
| Name: Christopher V. Vitale | ||
| Title: President and Chief Executive Officer | ||