AMREP Corp. Reports Quarterly Results; Adopts 2026 Equity Compensation Plan

What Happened
AMREP Corporation filed an 8‑K on September 11, 2026 furnishing a press release reporting its results for the three‑month period ended July 31, 2026. At the Company’s September 10, 2026 annual meeting, shareholders elected two directors, ratified the independent auditor, and approved the AMREP Corporation 2026 Equity Compensation Plan, which becomes effective September 20, 2026.

Key Details

• Press release reporting quarterly results for the period ended July 31, 2026 was furnished as Exhibit 99.1 to the 8‑K. (See the Company’s release for the actual revenue/profit figures.)
• Shareholder meeting attendance and votes: 4,549,271 shares were present or represented out of 5,324,849 outstanding shares.
• Director elections (to serve until the 2029 annual meeting): Timothy S. McNaney — For 3,248,190; Withheld 36,720; Broker non‑votes 1,264,361. Albert V. Russo — For 2,979,068; Withheld 305,842; Broker non‑votes 1,264,361.
• Auditor ratified: Rosenberg Rich Baker Berman, P.A. — For 4,461,877; Against 76,385; Abstentions 11,009.
• 2026 Equity Compensation Plan approved: 500,000 shares reserved (subject to adjustment for corporate events); effective Sept 20, 2026 and terminates Sept 19, 2036 unless earlier terminated by the Board. Option exercise prices must be at least 100% of fair market value on grant date.
• Annual per‑participant caps under the Plan: options — up to 50,000 shares for non‑directors; other awards — up to 30,000 shares for non‑directors; director caps are lower (25,000 options / 15,000 other awards). Non‑employee directors receive deferred stock units annually equal to $30,000 divided by the NYSE closing price on the last trading day of each calendar year. Named executive officers Christopher V. Vitale and Adrienne M. Uleau are eligible to receive awards under the Plan.

Why It Matters

• The press release provides the actual quarterly earnings and financial condition information investors will want to review; the 8‑K confirms those results were publicly disclosed on Sept 11, 2026.
• Approval of the 2026 Equity Compensation Plan authorizes up to 500,000 shares for equity awards (about 9.4% of the current outstanding shares), which could lead to dilution over time as awards vest or options are exercised. The plan’s grant limits and minimum exercise price constrain how awards can be issued.
• Re‑election of directors and ratification of the auditor maintain management and governance continuity. Retail investors should read the furnished press release (Exhibit 99.1) for the detailed financial metrics and monitor future filings for any grants under the new equity plan.