Form 8-K - Current report
25 Julio 2024 - 3:30PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 24, 2024
AMREP CORPORATION |
(Exact name of registrant as specified in its charter) |
Oklahoma |
1-4702 |
59-0936128 |
(State or other jurisdiction of |
(Commission File |
(IRS Employer |
incorporation) |
Number) |
Identification No.) |
850 West Chester Pike,
Suite
205, Havertown, PA |
19083 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including
area code: (610) 487-0905
|
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨ |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communication pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading
Symbol(s) |
Name of each exchange on which
registered |
Common Stock $.10 par value |
AXR |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) Previous independent registered public accounting
firm.
On July 24, 2024, AMREP Corporation (the “Company”)
dismissed Baker Tilly US, LLP (“Baker”) as the Company’s independent registered public accounting firm. The Audit Committee
of the Company’s Board of Directors approved the dismissal of Baker. The audit reports of Baker on the consolidated financial statements
of the Company for each of the two most recent fiscal years ended April 30, 2024 and April 30, 2023 did not contain an adverse opinion
or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the Company’s
two most recent fiscal years ended April 30, 2024 and April 30, 2023 and during the subsequent interim period from May 1, 2024 through
July 24, 2024, (i) there were no disagreements with Baker on any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedures that, if not resolved to Baker’s satisfaction, would have caused Baker to make reference to the
subject matter of the disagreement in connection with its reports and (ii) there were no “reportable events” (as defined in
Item 304(a)(1)(v) of Regulation S-K). The Company provided Baker with a copy of the disclosures in this report prior to filing with the
Securities and Exchange Commission. A copy of Baker’s letter dated July 25, 2024 to the Securities and Exchange Commission, stating
whether it agrees with the statements made in this report, is filed as Exhibit 16.1 to this report.
(b) Appointment of new independent registered
public accounting firm.
On July 24, 2024, the Audit Committee of the Company’s
Board of Directors engaged Rosenberg Rich Baker Berman, P.A. (“RRBB”) as the Company’s independent registered public
accounting firm for the fiscal year ending April 30, 2025. During the Company’s two most recent fiscal years ended April 30, 2024
and April 30, 2023 and during the subsequent interim period from May 1, 2024 through July 24, 2024, neither the Company nor anyone on
the Company’s behalf consulted RRBB regarding either (i) the application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a
written report nor oral advice was provided to the Company that Baker concluded was an important factor considered by the Company in reaching
a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement”
(as defined in Item 304(a)(1)(iv) of Regulation S-K) or a “reportable event” (as defined in Item 304(a)(1)(v) of Regulation
S-K).
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
AMREP Corporation |
|
|
|
Date: July 25, 2024 |
By: |
/s/ Christopher V. Vitale |
|
|
Name: Christopher V. Vitale |
|
|
Title: President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit 16.1
July 25, 2024
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Dear Ladies and Gentlemen:
We are the former independent registered public accounting
firm for AMREP Corporation (the “Company”). We have read the Company’s disclosure set forth in the Company’s Current
Report on Form 8-K dated July 25, 2024 (the “Current Report”) and are in agreement with the disclosure in the Current Report,
insofar as it pertains to our firm.
Sincerely,
/s/ Baker Tilly US LLP
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