Effective March 17, 2020, Adrienne M. Uleau was appointed as Vice President, Finance and Accounting of AMREP Corporation (the Company) and the employment of James M. McMonagle, Vice President and Chief Financial Officer of the Company, was terminated. In connection with her promotion, Ms. Uleau will perform the functions of principal financial officer of the Company as of March 17, 2020. Prior to being appointed Vice President, Finance and Accounting of the Company, Ms. Uleau, age 51, had been Controller of the Company since August 2018.

Prior to joining the Company, Ms. Uleau had been Controller of United Tectonics Corp., a construction services company, from July 2016 to August 2018. From 2014 to July 2016, Ms. Uleau was Financial Manager of Cushman and Wakefield. Prior to 2014, Ms. Uleau held various senior accounting positions.