secwatch.observer — SEC 8-K summary
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Issuer:     AMREP CORP. (AXR)
CIK:        0000006207
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001104659-22-038800
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6207/000110465922038800/0001104659-22-038800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6207/000110465922038800/tm2210540d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-038800

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