<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
AMREP Corporation
------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
032159105
------------------------------
(CUSIP Number)
David P. Maniatis With a copy to:
7720 East Redfield Road Morris Orens, Esq.
Suite 8 Swidler Berlin Shereff Friedman, LLP
Scottsdale, Arizona 85260 405 Lexington Avenue
(480) 991-2288 New York, New York 10174
(212) 973-0111
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 30, 2000
---------------------------
(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
statement because of Rule 13d-1(e), (f) or (g), check the following: [ ].
Note: An EDGAR version of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-7 for other parties to whom copies are
to be sent.
*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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SCHEDULE 13D
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CUSIP No. 032159105 Page 2 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Recorp Partners, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 15,000
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 15,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.24%**
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
<PAGE>
SCHEDULE 13D
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CUSIP No. 032159105 Page 3 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Greenplex Investments, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
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NUMBER OF 7 SOLE VOTING POWER
SHARES 272,626
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 272,626
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
272,626
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.24**
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14 TYPE OF REPORTING PERSON*
OO
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
<PAGE>
SCHEDULE 13D
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CUSIP No. 032159105 Page 4 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rio Verde 120, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Arizona
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NUMBER OF 7 SOLE VOTING POWER
SHARES 31,000
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 31,000
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.24%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
<PAGE>
SCHEDULE 13D
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CUSIP No. 032159105 Page 5 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven S. Robson
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 61,000
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 61,000
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.24%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
** SEE ITEMS 4 AND 5
<PAGE>
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 relates to the Schedule 13D (the "Statement") filed on
May 18, 2000 by Recorp Partners, Inc., a Delaware corporation ("Recorp
Partners"), Greenplex Investments, L.L.C., an Arizona limited liability company
("Greenplex"), Rio Verde 120, LLC, an Arizona limited liability company ("Rio
Verde") and Steven S. Robson ("Mr. Robson" and collectively, the "Reporting
Persons") with respect to the common stock, par value $.10 per share (the
"Common Stock"), of AMREP Corporation, an Oklahoma corporation (the "Company" or
the "Issuer"), which has its principal executive office at 641 Lexington Avenue,
Sixth Floor, New York, New York 10022. Unless otherwise specified, all
capitalized terms herein have the meanings assigned to them in the Schedule.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is hereby
amended in its entirety as follows:
The shares of Common Stock described in this Statement were acquired by the
Reporting Persons for approximately $2,546,819, of which: (i) approximately
$1,607,570 was obtained from the working capital and personal funds of the
Reporting Persons, (ii) approximately $232,273 was obtained through loans from
Charles Schwab & Co., Inc. ("Schwab"), (iii) approximately $182,098 was obtained
through loans from A.G. Edwards & Sons, Inc. ("A.G. Edwards") and (iv) $524,878
was obtained through a loan from a commercial bank. The loans from Schwab and
A.G. Edwards conform with the Securities Exchange Act of 1934 and Regulation T
of the Board of Governors of the Federal Reserve System.
ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby supplemented as follows:
By letter dated May 30, 2000, Mr. Maniatis and Mr. Robson made a new offer
to acquire the Company for $9.00 per share in a cash merger. A copy of the offer
is attached hereto as Exhibit 5.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and
supplemented as follows:
(a) Mr. Robson is the beneficial owner of 61,000 shares of Common Stock
(representing 0.84% of the outstanding shares of Common Stock).
Greenplex is the beneficial owner of 272,626 shares of Common Stock
(representing 3.77% of the outstanding shares of Common Stock). Such shares may
be deemed to be indirectly
Page 6
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owned by the Trust, in its capacity as the owner of a 99.98% interest in
Greenplex, and by Mr. Maniatis as the sole beneficiary of the Trust.
Rio Verde is the beneficial owner of 31,000 shares of Common Stock
(representing 0.43% of the outstanding shares of Common Stock). Such shares may
be deemed to be indirectly owned by First Trust Company of Onaga, N.A., as
custodian for the IRA account of Eugenia L. Hoof (deceased), in its capacity as
owner of an 83.6% interest in Rio Verde on behalf of Mr. Maniatis as the
principal beneficiary.
Recorp Partners is the beneficial owner of 15,000 shares of Common Stock
(representing 0.21% of the outstanding shares of Common Stock). Such shares may
be deemed to be indirectly owned by Mr. Maniatis as the sole shareholder of
Recorp Partners.
(c) Schedule A, attached hereto, lists the transactions in shares of Common
Stock effected by the Reporting Persons during the past sixty (60) days.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 is hereby supplemented as
follows:
Exhibit 5: Letter dated May 30, 2000, to the board of directors of the
Company
Page 7
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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.
Greenplex Investments, L.L.C.
By: /s/ David P. Maniatis
---------------------------
Date: May 31, 2000 Name: David P. Maniatis
Title: Manager
Page 8
<PAGE>
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.
Rio Verde 120, LLC
By: Recorp Management, Inc., Manager
By: /s/ David P. Maniatis
-----------------------------------
Date: May 31, 2000 Name: David P. Maniatis
Title: Secretary
Page 9
<PAGE>
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.
/s/ Steven S. Robson
----------------------------------
Date: May 31, 2000 Steven S. Robson
Page 10
<PAGE>
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.
Recorp Partners, Inc.
By: /s/ David P. Maniatis
--------------------------------
Date: May 31, 2000 Name: David P. Maniatis
Title: President
Page 11
<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
PARTY EFFECTING NUMBER OF SHARES
TRANSACTION (*) DATE OF TRANSACTION PURCHASED/(SOLD) PRICE PER SHARE
------------------------------ ---------------------------- --------------------------- ----------------------------
<S> <C> <C> <C>
SSR 03/14/00 1,500 4.9375
SSR 03/14/00 3,500 5.0000
GPX 03/28/00 2,000 5.4375
GPX 03/29/00 6,000 5.7500
GPX 03/29/00 2,000 5.6875
GPX 03/29/00 10,000 5.8125
GPX 04/26/00 2,000 4.8750
GPX 04/26/00 2,000 5.0000
SSR 04/26/00 10,000 5.0625
SSR 04/28/00 15,000 5.0000
GPX 04/28/00 10,000 5.0000
GPX 05/01/00 1,000 5.0625
GPX 05/02/00 2,000 6.1250
GPX 05/03/00 2,000 6.1250
GPX 05/04/00 2,000 6.1250
GPX 05/05/00 4,000 6.2500
SSR 05/05/00 1,000 6.1875
SSR 05/08/00 200 6.1875
GPX 05/08/00 400 6.3125
GPX 05/08/00 900 6.3750
GPX 05/08/00 1,900 6.3750
GPX 05/09/00 2,000 6.4375
SSR 05/09/00 3,800 6.3125
GPX 05/10/00 1,000 6.3125
GPX 05/11/00 2,000 6.4375
GPX 05/12/00 5,000 6.5000
GPX 05/12/00 1,000 6.6250
GPX 05/12/00 3,000 6.5625
GPX 05/17/00 1,500 6.4375
GPX 05/18/00 800 6.3750
GPX 05/18/00 1,000 6.5000
GPX 05/19/00 12,000 6.5625
GPX 05/30/00 1,200 6.3750
</TABLE>
*
GPX - Greenplex Investments, L.L.C.
SSR - Steven S. Robson
Page 12
