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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)                 October 18, 2023

J.W. Mays, Inc.

 

(Exact name of registrant as specified in its charter)

New York   1-3647   11-1059070
(State or other jurisdiction   (Commission   (I.R.S. Employer
of incorporation)   File Number)   Identification No.)

 

 9 Bond Street, Brooklyn, New York 11201-5805
 (Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code    718-624-7400

 
   

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $1 par value MAYS NASDAQ

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 3 Pages.

 

 

Item 2.02 Results of Operations and Financial Condition.

J. W. Mays, Inc. issued a press release on October 18, 2023 reporting its financial results for the three and twelve months ended July 31, 2023. The press release reported revenues and net (loss) for such three and twelve month periods and provided a comparison for revenues and net (loss) for the three and twelve month periods ended July 31, 2022.

A copy of the press release is attached to this Form 8-K as Exhibit 99(i).

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: October 19, 2023 By:  Mark Greenblatt
  Mark S. Greenblatt
  Vice President,
  Chief Financial Officer
  and Treasurer

 

- 2 -

 

Exhibit index

Exhibit No.   Description
99 I   Press Release dated October 18, 2023
104   Cover Page Interactive Data File – the cover page XBRL tags are embedded within the inline XBRL document.

 

- 3 -

  Exhibit  99(i)
   
Press Release  
From  
J. W. Mays, Inc.  
Publicity Department  
9 Bond Street  
Brooklyn, NY  11201  
   
718 624 7400  

J. W. MAYS, INC.

REPORTS ON OPERATIONS

FOR THE FISCAL YEAR AND THREE MONTHS ENDED JULY 31, 2023

J. W. Mays, Inc. today reported its financial results for the twelve and three months ended July 31, 2023.

Revenues from Operations for the three months ended July 31, 2023 were $5,405,506 compared to revenues of $5,504,057 in the comparable 2022 three-month period, while revenues from Operations for the twelve months ended July 31, 2023 were $22,576,455 compared to revenues from Operations of $21,396,035 in the comparable 2022 twelve-month period.

Net loss for the three months ended July 31, 2023 was ($148,059), or ($.07) per share, compared to net loss of ($68,754), or ($.03) per share, in the comparable 2022 three-month period.

Net loss for the twelve months ended July 31, 2023 was ($82,964), or ($.04) per share, compared to net loss of ($712,371), or ($.35) per share, in the comparable 2022 twelve-month period.

*             *             *

Dated: October 18, 2023

 

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