{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-133042","form_type":"8-K","ticker":"AXR","cik":"0000006207","company_name":"AMREP CORP.","filed_at":"2021-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:15.254444+00:00","generated_at":"2026-06-28T15:24:04.661750+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"AMREP enters CEO employment agreement with Vitale; grants 50,000 stock options","bullets":["Base salary set at not less than $335,000/year; no change in role as President and CEO.","Severance: 200% of highest base salary plus full equity vesting for termination without Cause or for Good Reason.","Stock option for 50,000 shares at $14.24/share; vests 100% on Nov 1, 2026, or earlier on death/disability/termination without Cause/change in control.","Non-compete covers Albuquerque/Rio Rancho/Santa Fe metro areas and any other areas where AMREP conducted business in last 2 years.","Agreement includes confidentiality, invention assignment, non-solicitation of customers/employees, and indemnification provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-133042","json":"https://secwatch.observer/filing/0001104659-21-133042.json","markdown":"https://secwatch.observer/filing/0001104659-21-133042.md","text":"https://secwatch.observer/filing/0001104659-21-133042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/6207/000110465921133042/0001104659-21-133042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6207/000110465921133042/tm2131733d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T15:24:04.661750+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}