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0000054187
MAYS J W INC
0000054187
2026-10-13
2026-10-13
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 13, 2026
J. W. Mays, Inc.
(Exact Name of Registrant as Specified in Charter)
| New
York |
|
1-3647 |
|
11-1059070 |
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number) |
|
(I.R.S. Employer
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
| |
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 communication 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 communication
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communication
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
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 |
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. ☐
Item 5.02 Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 13, 2026, the Board of Directors of J.W. Mays, Inc. (“Mays” or “the Company”) promoted Kevin J. Guptar to the roles of Chief
Financial Officer and Treasurer. Mr. Guptar’s appointment to these roles fills the vacancy created when Mr. Guptar’s predecessor, Mr.
Ward Lyke, Jr., retired as Chief Financial Officer and Treasurer on September 25, 2026. As approved by the Board, Mr. Guptar’s compensation
as Chief Financial Officer and Treasurer will include an annual base salary of $232,000 and an annual discretionary bonus.
Mr. Guptar, age 46, joined Mays in November 2021 as Controller of the Company and has been integrally involved in Mays’s accounting and
financial reporting functions. Mr. Guptar began serving as the Company’s Principal Financial Officer and Principal Accounting Officer,
effectively immediately upon Mr. Lyke’s retirement from the Company. Before joining Mays, Mr. Guptar was the Controller of a private real
estate partnership from 2017 to 2021 and held various accounting positions at the same real estate partnership from 2011 to 2014. From
2014 to 2016, Mr. Guptar served as a Finance Professional for the Metropolitan Transportation Authority. Mr. Guptar is a Certified Public
Accountant in New York State.
There are no arrangements or understandings between Mr. Guptar and any other person pursuant to which he was appointed as Chief Financial
Officer, Treasurer, Principal Financial Officer, and Principal Accounting Officer, and there are no family relationships between Mr. Guptar
and any Director or Executive Officer of the Company. Mr. Guptar has no direct or indirect material interest in any transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K. As with the Company’s other Directors and Officers, Mr. Guptar is eligible
for indemnification in accordance with the Company’s bylaws.
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. |
| |
|
|
| Date: October 14, 2026 |
By: |
/s/ Lloyd J. Shulman |
| |
Name: |
Lloyd J. Shulman |
| |
Title: |
Chairman of the Board, Chief Executive Officer and
President |
