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Amrep Corp Announces Officer And Director Changes

Tuesday, 22 Jan 2013 08:00am EST 

Amrep Corp announced that Nicholas G. Karabots, a member of the Company's Board of Directors and Vice Chairman of the Board and its Executive Committee, and Theodore J. Gaasche, the Company's President and Chief Executive Officer, effective at the close of business January 22, 2013, resigned from their positions with the Company. Effective at the same time, Mr. Gaasche was appointed by the Board as a director of the Company to fill the vacancy created by Mr. Karabots' resignation, and was also elected Vice Chairman of the Board's Executive Committee. No replacement for Mr. Gaasche as an officer has been selected and, in the absence of a Chief Executive Officer, the Executive Committee is charged with the oversight of the Company's business between Board meetings.Mr. Gaasche resigned as an officer in order to return to a more active role with Spartan. 

Company Quote

-0.23 -5.13%
21 Oct 2014