---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-038800"
form_type: "8-K"
ticker: "AXR"
cik: "0000006207"
company_name: "AMREP CORP."
filed_at: "2022-03-28T23:59:59+00:00"
generated_at: "2026-06-26T16:44:45.503686+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AMREP repurchases 28.6% of outstanding shares at $10.45 each from Karabots estate

## Summary
- Acquired 2,096,061 shares (28.6% of outstanding) in a privately negotiated transaction.
- Purchase price $10.45/share, total $21.9M; shares retired to authorized but unissued.
- Closing price on March 25 was $11.47 per share, a ~9% discount to market.
- Transaction closed on March 28, 2022, reducing outstanding shares significantly.

## SEC filing metadata
- accession: 0001104659-22-038800
- form_type: 8-K
- ticker: AXR
- cik: 0000006207
- company_name: AMREP CORP.
- filed_at: 2022-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6207/000110465922038800/0001104659-22-038800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6207/000110465922038800/tm2210540d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-038800
- JSON: https://secwatch.observer/filing/0001104659-22-038800.json
- Plain text: https://secwatch.observer/filing/0001104659-22-038800.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.