<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
AMREP Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
032159105
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(CUSIP Number)
Nick G. Karabots
P. O. Box 736
Fort Washington, PA 19034
(215) 643-5800
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 25, 1995
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(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 032159105 Page 2 of 8 Pages
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nick G. Karabots ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
AF, PF, OO, BK
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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SOLE VOTING POWER
7
NUMBER OF 2,768,093
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,768,093
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,768,093
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[ ]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
37.4%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 032159105 Page 3 of 8 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glendi Publications, Inc. 59-2235938
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
AF, WC, OO, BK
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 1,471,180
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,471,180
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,471,180
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[ ]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
19.9%
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TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 032159105 Page 4 of 8 pages
This Amendment No. 9 to Schedule 13D ("Amendment No. 9") amends and
supplements the prior statement on Schedule 13D (the "Statement") as filed by
Mr. Karabots on Amendment No. 8 to Schedule 13D dated January 12, 1995,
Amendment No. 7 to Schedule 13D dated January 5, 1995, Amendment No. 6 to
Schedule 13D dated September 15, 1994, Amendment No. 5 to Schedule 13D dated
June 2, 1994, Amendment No. 4 to Schedule 13D dated March 1, 1994 and Amendment
No. 3 to Schedule 13D dated January 31, 1994, which Amendment No. 3 to Schedule
13D amended and restated the entire text of the statement on Schedule 13D dated
August 4, 1993, as amended by Amendment No. 1 dated December 22, 1993 and
Amendment No. 2 dated January 21, 1994, all of which relate to the Common Stock,
$.10 par value, of AMREP Corporation, an Oklahoma corporation. In the event that
any disclosure contained in this Amendment No. 9 is inconsistent with the
disclosures contained in the Statement, the disclosures contained herein shall
supersede such inconsistent disclosures from the date of this Amendment No. 9.
ITEM 1. SECURITY AND ISSUER
Item 1 of the Statement is hereby amended and restated in its entirety as
follows:
This Statement relates to the Common Stock, par value $.10 per share (the
"Common Stock"), of AMREP Corporation, an Oklahoma corporation (the
"Corporation"). The Corporation's principal executive offices are located at
641 Lexington Avenue, New York, NY 10022.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Statement is hereby amended by adding one new paragraph
following the last paragraph of Item 3 as follows:
Mr. Karabots acquired beneficial ownership of an aggregate of 85,500 shares
of Common Stock of the Corporation through open market purchases made by Glendi
on February 13 and 15, March 6, April 19, July 6, and September 25, 1995, for an
aggregate purchase price of $599,625. Glendi made these purchases using general
corporate funds and working capital funds of a corporate affiliate, Periodical
Graphics, Inc. ("PGI"). Mr. Karabots is the sole shareholder of PGI.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Statement is hereby amended by deleting paragraphs (a), (b)
and (c) thereof and substituting therefor the following:
(a) Mr. Karabots beneficially owns all of the 2,768,093 shares of the
Common Stock reported on this Statement, which shares represent approximately
37.4% of the
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CUSIP No. 032159105 Page 5 of 8 pages
outstanding shares of the Common Stock./1/ Mr. Karabots owns 751,913 of such
shares of the Common Stock directly, he owns 1,471,180 of such shares indirectly
through Glendi, and he owns the remaining 545,000 of such shares indirectly
through other corporations of which he is the sole shareholder, sole director
and chief executive officer, none of which other corporations individually owns
five percent or more of the outstanding shares of the Common Stock.
(b) Mr. Karabots has sole voting and sole dispositive power as to all of
the 2,768,093 shares of the Common Stock reported on this Statement. Glendi
also has sole voting and sole dispositive power as to 1,471,180 of such shares.
(c) Glendi has purchased 85,500 shares of the Common Stock on the open
market since January 12, 1995 as set forth on Annex I hereto.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE SECURITIES OF THE ISSUER.
Item 6 of the Statement is hereby amended by adding one new paragraph
following the last paragraph of Item 6 as follows:
The last paragraph of Item 3 is incorporated herein by reference.
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/1/ The percentage of outstanding shares of the Common Stock was calculated
with reference to the shares outstanding as of September 13, 1995, as reported
in the Corporation's Quarterly Report on Form 10-Q for the quarterly period
ended July 31, 1995.
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CUSIP No. 032159105 Page 6 of 8 pages
SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
October 2, 1995 /s/ Nick G. Karabots
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Date Nick G. Karabots
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CUSIP No. 032159105 Page 7 of 8 pages
SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GLENDI PUBLICATIONS, INC.
October 2, 1995 By: /s/ Nick G. Karabots
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Date Name: Nick G. Karabots
Title: Chairman
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CUSIP No. 032159105 Page 8 of 8 pages
ANNEX I
TRANSACTIONS IN THE COMMON STOCK OF THE CORPORATION
SINCE JANUARY 12, 1995
<TABLE>
<CAPTION>
PERSON NUMBER PRICE
EFFECTING NATURE OF OF PER
DATE TRANSACTION TRANSACTION SHARES SHARE
<S> <C> <C> <C> <C>
February 13, 1995 Glendi Purchase 8,000 $6.625
February 15, 1995 Glendi Purchase 5,000 $7.000
March 6, 1995 Glendi Purchase 21,500 $7.250
April 19, 1995 Glendi Purchase 5,000 $6.500
July 6, 1995 Glendi Purchase 6,000 $6.375
September 23, 1995 Glendi Purchase 40,000 $7.125
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All of the purchases reflected in this Annex I were open market purchases.
</TABLE>
