{"url_path":"/sec/axr/8-k/2026-07-14/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/6207/0001104659-26-083522-index.html","accession_number":"0001104659-26-083522","cik":"0000006207","ticker":"AXR","issuer_name":"AMREP CORP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/6207/0001104659-26-083522-index.html","primary_entity_key":"0000006207","primary_entity_name":"AMREP CORP."},"word_count":247,"has_tables":true,"body_markdown":"**Item 5.02 Departure of Directors or Certain Officers; Election of\nDirectors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn July 13, 2026,\nthe Company awarded (a) Christopher V. Vitale, President and Chief Executive Officer of the Company, a $178,000 cash bonus and 8,700\nrestricted shares of common stock of the Company under the AMREP Corporation 2016 Equity Compensation Plan that vest as follows: 2,900\nshares on July 13, 2027, 2,900 shares on July 13, 2028 and 2,900 shares on July 13, 2029, subject to the continued employment\nof Mr. Vitale on each vesting date and (b) Adrienne M. Uleau, Chief Financial Officer and Vice President of the Company, a\n$64,000 cash bonus and 2,250 restricted shares of common stock of the Company under the AMREP Corporation 2016 Equity Compensation Plan\nthat vest as follows: 750 shares on July 13, 2027, 750 shares on July 13, 2028 and 750 shares on July 13, 2029, subject\nto the continued employment of Ms. Uleau on each vesting date. On July 13, 2026, the Company approved a change in salary to\n$395,000 for Mr. Vitale and to $205,000 for Ms. Uleau effective as of July 27, 2026.\n\n \n\n \n\n \n\n \n\nSIGNATURES\n\n \n\nPursuant to the requirements of the Securities\nExchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\n \n\n \n**AMREP Corporation**\n\n \n \n \n\nDate: July 14, 2026\nBy:\n/s/ Christopher V. Vitale\n\n \n \nName:\nChristopher V. Vitale\n\n \n \nTitle:\nPresident and Chief Executive Officer"}