AMREP Corporation
|
(Name of Issuer)
|
Common Stock, Par Value $0.10 Per Share
|
(Title of Class of Securities)
|
032159 10 5
|
||
(CUSIP Number)
|
Robert Robotti
|
c/o Robotti & Company, Incorporated
|
125 Park Avenue, Suite 1607
|
New York, New York 10017
|
212-986-4800
|
(Name, Address and Telephone Number of Person
|
Authorized to Receive Notices and Communications)
|
July 21, 2022
|
(Date of Event Which Requires Filing of this Statement)
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 2 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robert E. Robotti
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
AF, OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
16,683.63
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
500,249
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
16,683.63
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
500,249
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
516,932.63
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
9.8%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN, HC
|
|
|
|||
|
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 3 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robotti & Company, Incorporated
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
500,249
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
500,249
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
500,249
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
9.5%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
CO, HC
|
|
|
|||
|
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 4 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robotti Securities, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
3,040
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
3,040
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
3,040
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
Less than 1%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO, BD
|
|
|
|||
|
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 5 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robotti & Company Advisors, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
497,209
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
497,209
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
497,209
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
9.5%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO, IA
|
|
|
|||
|
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 6 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Ravenswood Management Company, L.L.C.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
AF
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
284,753
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
284,753
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
284,753
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
5.4%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 7 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
The Ravenswood Investment Company, L.P.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
WC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
155,550
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
155,550
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
155,550
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
3.0%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
Schedule 13D
|
||
CUSIP No. 032159105
|
Page 8 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Ravenswood Investments III, L.P.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(b)
|
☒
|
||||
|
|
||||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
|
|
||
WC
|
|
|
|||
|
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
|
☐
|
||
|
|
||||
|
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
8
|
SHARED VOTING POWER
|
|
|
||
129,203
|
|
|
|||
|
|
||||
9
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|
|
||
129,203
|
|
|
|||
|
|
||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
129,203
|
|
|
|||
|
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
☐
|
||
|
|
||||
|
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
||
2.5%
|
|
|
|||
|
|
||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 9 of 15 Pages
|
Item 2. |
Identity and Background
|
SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 10 of 15 Pages
|
Item 3. |
Source and Amount of Funds or Other Consideration
|
Item 5. |
Interest in Securities of the Issuer
|
Reporting Person
|
Aggregate
Number of Shares
|
Number of
Shares: Sole
Power to Vote
or Dispose
|
Number of
Shares: Shared
Power to Vote or
Dispose
|
Approximate
Percentage*
|
Robotti (1)(2)(3)(4)(5)
|
516,932.63
|
16,683.63**
|
500,249
|
9.84%
|
ROBT (1)(2)(3)(4)(5)
|
500,249
|
0
|
500,249
|
9.52%
|
Robotti Securities (1)(2)
|
3,040
|
0
|
3,040
|
***
|
Robotti Advisors (1)(3)(4)(5)
|
497,209
|
0
|
497,209
|
9.46%
|
RMC (1)(4)(5)
|
284,753
|
0
|
284,753
|
5.42%
|
RIC (1)(4)
|
155,550
|
0
|
155,550
|
2.96%
|
RI (1)(5)
|
129,203
|
0
|
129,203
|
2.46%
|
SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 11 of 15 Pages
|
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
|
Item 7. |
Material to be Filed As Exhibits
|
SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 12 of 15 Pages
|
Date:
|
August 29, 2022
|
|||
Robotti & Company, Incorporated
|
||||
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
||
Robert E. Robotti
|
Name: Robert E. Robotti
|
|||
Title: President and Treasurer
|
||||
Robotti Securities, LLC
|
Robotti & Company Advisors, LLC
|
|||
By:
|
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
|
Name: Robert E. Robotti
|
Name: Robert E. Robotti
|
|||
Title: President and Treasurer
|
Title: President and Treasurer
|
|||
Ravenswood Management Company, L.L.C.
|
The Ravenswood Investment Company, L.P.
|
|||
By:
|
/s/ Robert E. Robotti
|
By:
|
Ravenswood Management Company, L.L.C.
|
|
Name: Robert E. Robotti
|
Its General Partner
|
|||
Title: Managing Director
|
||||
Ravenswood Investments III, L.P.
|
By:
|
/s/ Robert E. Robotti
|
||
Name: Robert E. Robotti
|
||||
By:
|
Ravenswood Management Company, L.L.C.
|
Title: Managing Director
|
||
Its General Partner
|
||||
By:
|
/s/ Robert E. Robotti
|
|||
Name: Robert E. Robotti
|
||||
Title: Managing Director
|
SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 13 of 15 Pages
|
Name:
|
Robert E. Robotti
|
(Director, President, Treasurer)
|
|
Citizenship
|
U.S.A.
|
Principal Occupation:
|
President and Treasurer, Robotti & Company, Incorporated
|
Business Address:
|
125 Park Avenue, Suite 1607, New York, New York 10017
|
Name:
|
Nancy Seklir
|
(Director)
|
|
Citizenship:
|
U.S.A.
|
Principal Occupation:
|
Retired
|
Business Address:
|
c/o Robotti & Company, Incorporated
125 Park Avenue, Suite 1607, New York, New York 10017
|
Name:
|
Kenneth R. Wasiak
|
(Director)
|
|
Citizenship
|
U.S.A.
|
Principal Occupation:
|
Retired
|
Business Address:
|
104 Gloucester Road, Massapequa, New York, 11758
|
Name:
|
Suzanne Robotti
|
(Director)
|
|
Citizenship
|
U.S.A.
|
Principal Occupation:
|
Founder, Medshadow Foundation
|
Business Address:
|
125 Park Avenue, Suite 1607, New York, New York 10017
|
Name:
|
Erwin Mevorah
|
(Vice President, Secretary)
|
|
Citizenship
|
U.S.A.
|
Principal Occupation:
|
Vice President and Secretary, Robotti & Company, Incorporated
|
125 Park Avenue, Suite 1607, New York, New York 10017
|
|
Business Address:
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SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 14 of 15 Pages
|
Exhibit
|
Page
|
||
(1)
|
Joint Filing Agreement dated October 26, 2007 by and among Robert E. Robotti, Robotti & Company, Incorporated, Robotti Securities, LLC (f/k/a Robotti & Company, LLC), Robotti & Company Advisors, LLC, Kenneth R. Wasiak,
Ravenswood Management Company, L.L.C., The Ravenswood Investment Company, L.P., and Ravenswood Investments III, L.P.
|
Previously Filed
|
|
(2)
|
Joint Filing Agreement dated as of August 29, 2022 by and among Robert E. Robotti, Robotti & Company, Incorporated, Robotti Securities, LLC, Robotti & Company Advisors, LLC, Ravenswood Management Company, L.L.C., The Ravenswood
Investment Company, L.P., and Ravenswood Investments III, L.P.
|
15
|
SCHEDULE 13D
|
||
CUSIP No. 032159105
|
Page 15 of 15 Pages
|
Date:
|
August 29, 2022
|
|||||
Robotti & Company, Incorporated
|
||||||
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
||||
Robert E. Robotti
|
Name: Robert E. Robotti
|
|||||
Title: President and Treasurer
|
||||||
Robotti & Securities, LLC
|
Robotti & Company Advisors, LLC
|
|||||
By:
|
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
|||
Name: Robert E. Robotti
|
Name: Robert E. Robotti
|
|||||
Title: President and Treasurer
|
Title: President and Treasurer
|
|||||
Ravenswood Management Company, L.L.C.
|
The Ravenswood Investment Company, L.P.
|
|||||
By:
|
/s/ Robert E. Robotti
|
By:
|
Ravenswood Management Company, L.L.C.
|
|||
Name: Robert E. Robotti
|
Its General Partner
|
|||||
Title: Managing Director
|
||||||
Ravenswood Investments III, L.P.
|
By:
|
/s/ Robert E. Robotti
|
||||
Name: Robert E. Robotti
|
||||||
By:
|
Ravenswood Management Company, L.L.C.
|
Title: Managing Director
|
||||
Its General Partner
|
||||||
By:
|
/s/ Robert E. Robotti
|
|||||
Name: Robert E. Robotti
|
||||||
Title: Managing Director
|