0001144204-17-014786.txt : 20170315 0001144204-17-014786.hdr.sgml : 20170315 20170315165616 ACCESSION NUMBER: 0001144204-17-014786 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170315 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170315 DATE AS OF CHANGE: 20170315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMREP CORP. CENTRAL INDEX KEY: 0000006207 STANDARD INDUSTRIAL CLASSIFICATION: PERIODICALS: PUBLISHING OR PUBLISHING AND PRINTING [2721] 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: 17691883 BUSINESS ADDRESS: STREET 1: 620 WEST GERMANTOWN PIKE STREET 2: SUITE 175 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462 BUSINESS PHONE: 610-487-0905 MAIL ADDRESS: STREET 1: 620 WEST GERMANTOWN PIKE STREET 2: SUITE 175 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462 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 v461711_8k.htm FORM 8-K

 

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):            March 15, 2017             

 

 

AMREP CORPORATION
(Exact name of Registrant as specified in its charter)

 

Oklahoma 1-4702 59-0936128
(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)

 

620 West Germantown Pike, Suite 175

Plymouth Meeting, PA

 19462
(Address of principal executive offices) (Zip Code)

 

Registrant's telephone number, including area code:  (610) 487-0905

 

300 Alexander Park, Suite 204, Princeton, New Jersey 08540
(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 2.02 Results of Operations and Financial Condition

 

On March 15, 2017, AMREP Corporation issued a press release that reported its results of operations for the three and nine month periods ended January 31, 2017.  The press release is being furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number Description
   
99.1 Press Release, dated March 15, 2017, issued by AMREP Corporation.

 

 

 

 

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
       
Date: March 15, 2017       By:  

/s/ Robert E. Wisniewski

            Robert E. Wisniewski
            Vice President and Chief Financial Officer

 

 

 

 

 

EXHIBIT INDEX 

 

Exhibit Number Description
   
99.1 Press Release, dated March 15, 2017, issued by AMREP Corporation.

 

 

 

 

 

 EX-99.1 2 v461711_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

FOR:AMREP Corporation

620 West Germantown Pike, Suite 175

Plymouth Meeting, Pennsylvania 19462

 

CONTACT:Robert E. Wisniewski

Executive Vice President and Chief Financial Officer

(610) 487-0902

 

AMREP REPORTS THIRD QUARTER FISCAL 2017 RESULTS

 

Plymouth Meeting, Pennsylvania, March 15, 2017 – AMREP Corporation (NYSE: AXR) today reported net income of $174,000, or $0.02 per share, for its 2017 third fiscal quarter ended January 31, 2017 compared to a net loss of $569,000, or $0.07 per share, for its third fiscal quarter of 2016. For the first nine months of 2017, the Company had net income of $916,000, or $0.11 per share, compared to a net loss of $2,424,000, or $0.30 per share, for the same period of 2016. Revenues were $9,777,000 and $33,450,000 for the third quarter and first nine months of 2017 compared to $12,198,000 and $32,994,000 for the same periods in the prior year.

 

AMREP Corporation, through its subsidiaries, is primarily engaged in two business segments: its Real Estate business operated by AMREP Southwest Inc. and its subsidiaries is a major holder of real estate in the Rio Rancho, New Mexico area and its Fulfillment Services business operated by Palm Coast Data LLC performs fulfillment and contact center services for publications, membership organizations, government agencies and other direct marketers.

 

FINANCIAL HIGHLIGHTS

  

   Three Months Ended January 31, 
  

 

2017

  

 

2016

 
         
Revenues  $9,777,000   $12,198,000 
           
Net income (loss)  $174,000   $(569,000)
           
Earnings (loss) per share – Basic and Diluted  $0.02   $(0.07)
           
Weighted average number of common shares outstanding - basic   8,053,000    8,038,000 
Weighted average number of common shares outstanding - diluted   8,080,000    8,059,000 

 

 

   Nine Months Ended January 31, 
  

 

2017

  

 

2016

 
         
Revenues  $33,450,000   $32,994,000 
           
Net income (loss)  $916,000   $(2,424,000)
           
Earnings (loss) per share – Basic and Diluted  $0.11   $(0.30)
           
Weighted average number of common shares outstanding - basic   8,048,000    8,035,000 
Weighted average number of common shares outstanding - diluted   8,074,000    8,059,000 

 

AMREP Corporation’s financial statements on Form 10-Q are expected to be filed with the Securities and Exchange Commission concurrently with this release and will be available on the Company’s website (www.amrepcorp.com/SECfiles).