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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) January 1, 2024

 

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 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

 

10.1 Consulting Agreement, dated as of January 1, 2024, between Mr. Mark Greenblatt and J. W. Mays, Inc.

 

 

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]

 

 

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