<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
AMREP Corporation
------------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
032159105
--------------
(CUSIP Number)
Nick G. Karabots
P. O. Box 736
Fort Washington, PA 19034
(215) 643-5800
---------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 31, 1996
-----------------------------------
(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).
Page 1 of 9 pages
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CUSIP No. 032159105 Page 2 of 9 pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nick G. Karabots ###-##-####
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
AF, PF, OO, BK
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
2,768,093
NUMBER OF ------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------------------------
REPORTING PERSON 9. SOLE DISPOSITIVE POWER
WITH
2,768,093
------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,768,093
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.6%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 032159105 Page 3 of 9 pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glendi Publications, Inc. 59-2235938
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
AF, WC, OO, BK
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
1,471,180
NUMBER OF ------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------------------------
REPORTING PERSON 9. SOLE DISPOSITIVE POWER
WITH
1,471,180
------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,471,180
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 032159105 Page 4 of 9 pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
London Publishing Co. 23-2690745
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
AF, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 410,000
------------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING PERSON
WITH 410,000
------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
410,000
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 032159105 Page 5 of 9 pages
This Amendment No. 10 to Schedule 13D ("Amendment No. 10") amends and
supplements the prior statement on Schedule 13D (the "Statement") as filed by
Mr. Karabots on Amendment No. 9 to Schedule 13D dated September 25, 1995,
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. 10 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. 10.
Item 2. Identity and Background
Item 2 of the Statement is hereby amended and restated in its entirety as
follows:
This Statement is being filed by Nick G. Karabots ("Mr. Karabots"), Glendi
Publications, Inc., a Delaware corporation ("Glendi") and London Publishing Co.,
a Pennsylvania corporation ("London"). Prior to September 6, 1994, Glendi was
known as SLC Graphics, Inc. ("SLC").
Mr. Karabots' principal business address is P.O. Box 736, Fort Washington,
PA 19034. His principal occupation is owning and operating businesses,
primarily in the fields of printing, publishing and real estate development.
Mr. Karabots is a United States citizen.
Glendi's principal business address is P.O. Box 736, Fort Washington, PA
19034, and its principal business is magazine publishing. Mr. Karabots is the
sole stockholder, sole director and chief executive officer of Glendi.
London's principal business address is P.O. Box 736, Fort Washington, PA
19034, and its principal business is magazine publishing. Mr. Karabots is the
sole shareholder, sole director and chief executive officer of London.
During the last five years, none of the persons named in this Item 2 has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
been or become subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
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CUSIP No. 032159105 Page 6 of 9 pages
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:
London took title to 60,000 shares of Common Stock of the Corporation on
December 31, 1995 by transfer from Mr. Karabots, increasing its holdings to
410,000 shares, or more than 5% of the total outstanding shares of the Common
Stock. As of July 31, 1996, corporations of which Mr. Karabots is the sole
shareholder, sole director and chief executive officer, none of which
corporations owned 5% or more of the outstanding shares of the Common Stock,
transferred 195,000 of such shares to Mr. Karabots.
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
37.6% of the outstanding shares of the Common Stock./1// Mr. Karabots owns
886,913 of such shares of the Common Stock directly, he owns 1,471,180 of such
shares indirectly through Glendi, and he owns the remaining 410,000 of such
shares indirectly through London.
(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 and
London also have sole voting and sole dispositive power as to 1,471,180 and
410,000 of such shares, respectively.
- ------------------------
/1// The percentage of outstanding shares of the Common Stock was calculated
- with reference to the shares outstanding as of September 16, 1996, as
reported in the Corporation's Quarterly Report on Form 10-Q for the
quarterly period ended July 31, 1996.
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CUSIP No. 032159105 Page 7 of 9 pages
SIGNATURE
---------
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 7, 1996 /s/ Nick G. Karabots
------------------------- -------------------------------
Date Nick G. Karabots
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CUSIP No. 032159105 Page 8 of 9 pages
SIGNATURE
---------
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 7, 1996 By: /s/ Nick G. Karabots
------------------------- ----------------------------------
Date Name: Nick G. Karabots
Title: Chairman
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CUSIP No. 032159105 Page 9 of 9 pages
SIGNATURE
---------
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.
LONDON PUBLISHING CO.
October 7, 1996 By: /s/ Nick G. Karabots
------------------------- ----------------------------------
Date Name: Nick G. Karabots
Title: Chairman
