UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number 1-4702 CUSIP Number 032159105
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(Check One): |X| Form 10-K | | Form 20-F | | Form 11-K | | Form 10-Q
| | Form N-SAR
For Period Ended: April 30, 2001
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notifications relates:
Items 6; 7; 7(A); 8; Schedule II; Exhibit Index item 23.
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PART I -- REGISTRATION INFORMATION
AMREP CORPORATION
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Full Name of Registrant
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Former Name if Applicable
641 Lexington Avenue, 6th Floor
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Address of Principal Executive Office (Street and Number)
New York, New York 10022
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City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report portion thereof, could not be filed within the
prescribed time period.
The Registrant is attempting to finalize certain significant transactions which
have an material impact on disclosures included in both the Management's
Discussion and Analysis and footnotes to the consolidated financial statements,
as well as in the reporting of certain significant balance sheet amounts. These
transactions are near completion, and the Registrant expects that they will be
completed within 15 days so that the missing sections of the Form 10-K can be
provided.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Peter M. Pizza 212 705-4705
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s). |X|Yes | |No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statement to be included in the subject report or portion thereof?
|X|Yes | |No
Explanation
The Registrant had revenues of $73,209,000 and a pre-tax loss of $1,470,000
($.14 per share) for the year ended April 30, 2001. However, those results were
favorably impacted by a tax benefit of $3,500,000 ($.52 per share) from the
reversal of an income tax accrual as a result of the completion of an Internal
Revenue Service audit for the years 1993 and 1994. After giving effect to that
benefit, the Company had net income of $2,557,000, ($.38 per share), for fiscal
2001. No tax adjustment was recorded in fiscal 2000, when the Company reported
revenues of $119,833,000 and net income of $1,169,000 ($.16 per share).
AMREP CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date July 31, 2001 By /s/Peter M. Pizza
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Peter M. Pizza, Vice President
INSTRUCTION: The form may be signed by an executive officer of the registrant of
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.