J.W. Mays 8-K: Officer/Director Changes, Comp Arrangements
Ticker: MAYS · Form: 8-K · Filed: Jan 2, 2024 · CIK: 54187
| Field | Detail |
|---|---|
| Company | Mays J W INC (MAYS) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $8,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation, 8-K
TL;DR
**J.W. Mays filed an 8-K on Jan 2, 2024, signaling executive/director changes and compensation updates as of Jan 1, 2024.**
AI Summary
J.W. Mays, Inc. filed an 8-K on January 2, 2024, reporting an event that occurred on January 1, 2024, related to changes in directors or officers and their compensation arrangements. This filing indicates potential shifts in leadership or executive pay, which could impact the company's strategic direction and financial performance. Investors should monitor subsequent filings for details on these changes, as they could signal new initiatives or cost adjustments that affect the stock's future value.
Why It Matters
Changes in leadership or executive compensation can significantly influence a company's future strategy, operational efficiency, and financial health, directly impacting shareholder value.
Risk Assessment
Risk Level: medium — While the filing itself is routine, the unspecified nature of the 'Departure of Directors or Certain Officers' and 'Compensatory Arrangements' introduces uncertainty about future company direction and stability.
Analyst Insight
A smart investor would monitor J.W. Mays, Inc.'s subsequent filings and news releases for specific details on the reported changes in directors, officers, and compensation arrangements to assess potential impacts on company strategy and financial outlook.
Key Numbers
- January 1, 2024 — Date of earliest event reported (when the changes in directors/officers and compensatory arrangements occurred)
- January 2, 2024 — Date of Report (when the 8-K was filed with the SEC)
- 1-3647 — Commission File Number (SEC identification number for J.W. Mays, Inc.)
- 11-1059070 — I.R.S. Employer Identification No. (tax identification number for J.W. Mays, Inc.)
- 718-624-7400 — Registrant's telephone number (contact number for J.W. Mays, Inc.)
Key Players & Entities
- J.W. Mays, Inc. (company) — the registrant filing the 8-K
- NASDAQ (company) — the exchange where J.W. Mays, Inc. Common Stock is registered
- New York (company) — state of incorporation for J.W. Mays, Inc.
Forward-Looking Statements
- J.W. Mays, Inc. will provide more specific details regarding the director/officer changes and compensation arrangements in a subsequent filing or press release. (J.W. Mays, Inc.) — high confidence, target: Q1 2024
- The changes in leadership or compensation will lead to a minor shift in the company's operational strategy. (J.W. Mays, Inc.) — medium confidence, target: Q2 2024
FAQ
What specific items were reported in this 8-K filing by J.W. Mays, Inc.?
J.W. Mays, Inc. reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers' under Item Information, as well as 'Financial Statements and Exhibits'.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 1, 2024, as stated under 'Date of Report (Date of earliest event reported) January 1, 2024'.
What is the trading symbol and exchange for J.W. Mays, Inc.'s Common Stock?
J.W. Mays, Inc.'s Common Stock, $1 par value, trades under the symbol 'MAYS' on the NASDAQ exchange, as indicated in the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the business address of J.W. Mays, Inc.?
The business address of J.W. Mays, Inc. is 9 Bond Street, Brooklyn, New York 11201-5805, according to the 'BUSINESS ADDRESS' section of the filing.
Is J.W. Mays, Inc. considered an emerging growth company?
The filing includes a checkbox 'Indicate by check mark whether the registrant is an emerging growth company...' but does not explicitly check the box, implying it is not an emerging growth company or the information is not provided in this snippet.
Filing Stats: 522 words · 2 min read · ~2 pages · Grade level 8.7 · Accepted 2024-01-02 15:00:31
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 par value MAYS NASDAQ Indicate by c
- $8,000 — hen needed. Mr. Greenblatt will be paid $8,000 per month for providing such consulting
Filing Documents
- mays4280971-8k.htm (8-K) — 21KB
- mays4280971-ex101.htm (EX-10.1) — 11KB
- mays4280971-ex101x1x1.jpg (GRAPHIC) — 11KB
- 0001206774-24-000001.txt ( ) — 215KB
- mays-20240101.xsd (EX-101.SCH) — 3KB
- mays-20240101_pre.xml (EX-101.PRE) — 22KB
- mays-20240101_lab.xml (EX-101.LAB) — 33KB
- mays4280971-8k_htm.xml (XML) — 3KB
02—Departure of Directors or Certain
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.
01—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
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