UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter) |
(State or other jurisdiction | (Commission | (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code
(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):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
This Report Contains 4 Pages.
Section 5 – Corporate Governance and Management.
Item 5.02—Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 1, 2024, the Company and Mr. Mark Greenblatt entered into a Consulting Agreement. Mr. Greenblatt announced his retirement as Chief Financial Officer of the Company on October 3, 2023 effective as of December 31, 2023 and the Company filed a Form 8-K on October 5, 2023 disclosing that event. Pursuant to the Consulting Agreement, which is on a month-to-month basis, Mr. Greenblatt will consult with Officers and other representatives of the Company when needed. Mr. Greenblatt will be paid $8,000 per month for providing such consulting services.
Section 9—Financial Statements and Exhibits.
Item 9.01—Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is filed herewith:
No. Description
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.
J. W. Mays, Inc. | ||
(Registrant) | ||
Dated: January 2, 2024 | By: Ward Lyke, Jr. | |
Ward N. Lyke, Jr. | ||
Vice President, | ||
Chief Financial Officer and Treasurer |
Exhibit 10.1
![]() |
(718) 624-7400 |
Fax: (718) 935-0378 |
Nine Bond Street, Brooklyn, New York 11201-5805
CONSULTING AGREEMENT
This Consulting Agreement (this “Agreement”) is made as of January 1, 2024 by and between Mark Greenblatt (“Greenblatt”), formerly Vice President and Chief Financial Officer of J. W. Mays, Inc., a New York Corporation (“Mays”), and Mays.
In consideration of the mutual terms contained in this Agreement, Mays retains and Greenblatt agrees to be retained, as an independent contractor and consultant under the following terms and conditions:
1. | The term of this Agreement shall be on a month-to-month basis and either party may terminate this Agreement upon seven days’ written notice. |
2. | Greenblatt agrees to provide services to Mays when called upon, taking into account that Greenblatt will be a consultant to Mays and no longer its Chief Financial Officer and a Vice President. Greenblatt will make himself available to consult with Officers and other representatives of Mays when needed. |
3. | Mays agrees to pay Greenblatt $8,000 per month for the consulting services referred to herein. |
4. | If Greenblatt becomes unable to perform the services under this Agreement by reason of illness, disability or death, compensation shall be terminated upon the happening of such event. |
5. | This Agreement may not be assigned by either party. |
6. | This Agreement shall be construed in accordance with the internal laws of the State of New York. |
Mark Greenblatt | ||
Mark Greenblatt | ||
J. W. MAYS, INC. | ||
By: | Lloyd J. Shulman | |
Lloyd J. Shulman | ||
[Print Name] |
Cover |
Jan. 01, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jan. 01, 2024 |
Entity File Number | 1-3647 |
Entity Registrant Name | MAYS J W INC |
Entity Central Index Key | 0000054187 |
Entity Tax Identification Number | 11-1059070 |
Entity Incorporation, State or Country Code | NY |
Entity Address, Address Line One | 9 Bond Street |
Entity Address, City or Town | Brooklyn |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 11201-5805 |
City Area Code | 718 |
Local Phone Number | 624-7400 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $1 par value |
Trading Symbol | MAYS |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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