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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event
reported):<U>&nbsp; &nbsp;&nbsp;June 8, 2012 &nbsp;&nbsp;</U></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; font-size: 10pt; text-align: center">AMREP CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Exact Name of Registrant as Specified in Charter)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 34%; border-bottom: windowtext 1pt solid; text-align: center">Oklahoma</TD>
    <TD STYLE="width: 33%; border-bottom: windowtext 1pt solid; text-align: center">1-4702</TD>
    <TD STYLE="width: 33%; border-bottom: windowtext 1pt solid; text-align: center">59-0936128</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or Other Jurisdiction</TD>
    <TD STYLE="text-align: center">(Commission File</TD>
    <TD STYLE="text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">of Incorporation)</TD>
    <TD STYLE="text-align: center">Number)</TD>
    <TD STYLE="text-align: center">Identification Number)</TD></TR>
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    <TD STYLE="width: 67%; border-bottom: windowtext 1pt solid">300 Alexander Park, Suite 204, Princeton, New Jersey</TD>
    <TD STYLE="width: 33%; border-bottom: windowtext 1pt solid">08540</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">(Address of Principal Executive Offices)</TD>
    <TD>(Zip Code)</TD></TR>
</TABLE>
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    <TD NOWRAP STYLE="width: 30%">Registrant's telephone number, including area code:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 70%; border-bottom: windowtext 1pt solid">(609) 716-8200</TD></TR>
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; text-align: center">Not Applicable</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Former Name or Former Address, if Changed Since Last Report)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction
A.2. below):</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.2in; text-align: left"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.2in; text-align: left"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.2in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2in; text-indent: -0.2in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.2in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 8.01. Other Events.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Reference is made to the
Company&rsquo;s Current Report on  Form 8-K filed May 23, 2012, reporting the demand of a State of Florida agency that the
Company&rsquo;s Palm Coast Data LLC subsidiary (&ldquo;PCD&rdquo;), repay within 60 days $1,200,000 of the $3,000,000
incentive award PCD received from the State in connection with the project in which the Company&rsquo;s subscription
fulfillment services operations were consolidated at PCD&rsquo;s Palm Coast, Florida facility. The demand was made as a
result of PCD&rsquo;s failure to meet certain requirements of the award agreement relative to jobs and capital expenditures.
The demand has since been withdrawn in order that the agency may explore with PCD a comprehensive approach to addressing the
current and anticipated reductions in the award agreement&rsquo;s performance requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline">AMREP CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0.25in">(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 4%">By:</TD>
    <TD STYLE="width: 46%; border-bottom: windowtext 1pt solid">/s/ &nbsp;Peter M. Pizza</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Peter M. Pizza</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Vice President and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: June 15, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "AMREP CORP.", "cik": "0000006207", "assigned-sic": "6500", "irs-number": "590936128", "state-of-incorporation": "OK", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04702", "film-number": "12910065"}, "business-address": {"street1": "300 ALEXANDER PARK", "street2": "SUITE 204", "city": "PRINCETON", "state": "NJ", "zip": "08540", "phone": "(609) 716-8200"}, "mail-address": {"street1": "300 ALEXANDER PARK", "street2": "SUITE 204", "city": "PRINCETON", "state": "NJ", "zip": "08540"}, "former-company": [{"former-conformed-name": "AMREP CORP", "date-changed": "19920703"}, {"former-conformed-name": "AMERICAN REALTY & PETROLEUM CORP", "date-changed": "19671019"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported):
June 8, 2012
AMREP CORPORATION
(Exact Name of Registrant as Specified in Charter)
Oklahoma
1-4702
59-0936128
(State or Other Jurisdiction
(Commission File
(IRS Employer
of Incorporation)
Number)
Identification Number)
300 Alexander Park, Suite 204, Princeton, New Jersey
08540
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(609) 716-8200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction
A.2. below):
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Reference is made to the
Company's Current Report on  Form 8-K filed May 23, 2012, reporting the demand of a State of Florida agency that the
Company's Palm Coast Data LLC subsidiary ("PCD"), repay within 60 days $1,200,000 of the $3,000,000
incentive award PCD received from the State in connection with the project in which the Company's subscription
fulfillment services operations were consolidated at PCD's Palm Coast, Florida facility. The demand was made as a
result of PCD's failure to meet certain requirements of the award agreement relative to jobs and capital expenditures.
The demand has since been withdrawn in order that the agency may explore with PCD a comprehensive approach to addressing the
current and anticipated reductions in the award agreement's performance requirements.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMREP CORPORATION
(Registrant)
By:
/s/  Peter M. Pizza
Peter M. Pizza
Vice President and
Chief Financial Officer
Date: June 15, 2012