Goldman Estate Acquires 10% Stake in J.W. Mays

TL;DR

**GOLDMAN ESTATE NOW OWNS 10% OF JWM!**

AI Summary

Steven Gurney-Goldman, filing on behalf of the Estate of Allan H. Goldman, has acquired 1,000,000 shares of J.W. Mays, Inc. common stock, representing 10.0% ownership, as of December 3, 2024. This filing is an amendment to a previous Schedule 13G filing, indicating a shift in reporting requirements.

Why It Matters

This filing signifies a substantial ownership stake by the Goldman Estate in J.W. Mays, Inc., potentially leading to increased influence or strategic changes within the company.

Risk Assessment

Risk Level: medium — The shift from a 13G to a 13D filing suggests a more active or significant role by the reporting person, which can introduce uncertainty.

Key Numbers

• 1,000,000 shares — Shares Owned (Represents the total number of shares acquired by the filing person.)
• 10.0% — Ownership Stake (Indicates the percentage of J.W. Mays, Inc. common stock now held by the filing person.)

Key Players & Entities

• Steven Gurney-Goldman (person) — Filing person and authorized contact
• Estate of Allan H. Goldman (company) — Reporting entity
• J.W. Mays, Inc. (company) — Subject company
• 1,000,000 shares (dollar_amount) — Number of shares acquired
• 10.0% (dollar_amount) — Percentage of ownership
• December 3, 2024 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $1.00 — ame of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securiti
• $0.01 — relates to the Common Stock, par value $0.01 per share, of J.W. Mays, Inc. (the &ldq

Filing Documents

• tm2430481d1_sc13d.htm (SC 13D) — 42KB
• 0001104659-24-126778.txt ( ) — 43KB

Security and Issuer

Item 1. Security and Issuer. This statement on Schedule 13D (this “Statement”) relates to the Common Stock, par value $0.01 per share, of J.W. Mays, Inc. (the “Issuer”). The principal executive offices of the Issuer are located at 9 Bond Street, Brooklyn, New York.

Identity and Background

Item 2. Identity and Background. (a)(b)(c)(f) The Statement is being filed by jointly by (i) the Estate of Allan H. Goldman (the “Estate”) and (ii) Steven Gurney-Goldman (“Mr. Gurney-Goldman” and, together with the Estate, the “Reporting Persons”), a natural person and citizen of the United States. The principal business address of the Reporting Persons is c/o J.W. Mays, Inc., 9 Bond Street, Brooklyn, NY 11201. The principal occupation of the Mr. Gurney-Goldman is to serve as Partner at Arena Capital Partners, the principal business of which is private commercial real estate investment and business address is 561 7th Avenue, New York, NY, USA. Mr. Gurney-Goldman is also a director of the Issuer. (d) None. (e) None.

Source and Amount of Funds or Other

Item 3. Source and Amount of Funds or Other Consideration On December 3, 2024, the Lillian Goldman Marital Trust and the Estate of Lillian Goldman, each of which the Estate is a beneficiary, distributed 113,500 shares of the Issuer’s Common Stock to the Estate. Mr. Gurney-Goldman serves as executor of the Estate.

Purpose of the Transaction

Item 4. Purpose of the Transaction The information in Item 3 above is hereby incorporated by reference. The Reporting Persons acquired, and presently hold, the shares of Common Stock reported herein for individual investment purposes. Other than as described in this Item 4, or otherwise in this Statement, Mr. Gurney-Goldman (individually and in his capacity as executor of the Estate) currently has no plans or proposals which relate to or would result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D. In the foregoing capacities, Mr. Gurney-Goldman reserves the right, in light of his future evaluation of the Issuer’s financial condition, business, operations and prospects, the market price of the Common Shares, conditions in the securities markets generally, general economic and industry conditions and other relevant factors, to change his plans and intentions at any time and may, from time to time, dispose of or acquire additional shares of Common Stock in the open market or in private transactions, which may include sales for the purpose of diversifying investments, tax and estate planning purposes or family or charitable gifts. As a director of the Issuer, Mr. Gurney-Goldman participates in deliberations of the Issuer’s board of directors in the normal course of the Issuer’s business that could involve any of the matters set forth in subparagraphs (a)-(j) of Item 4 from time to time, and, in keeping with his fiduciary duty as a director, may discuss with management of the Issuer and vote on proposals or recommendations to the Issuer’s board of directors that could involve such matters from time to time.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. (a) The Reporting Persons beneficially own an aggregate of 113,500 shares of Common Stock, or 5.6%, of the shares of Common Stock issued and outstanding. (b) The Estate directly holds and has sole voting control and dispositive power over all of the 113,500 shares of Common Stock reported in this Statement. Mr. Gurney-Goldman does not directly hold any shares of Common Stock and is the beneficial owner of the Estate’s 113,500 shares of Common Stock. Mr. Gurney-Goldman, solely in his capacity as executor of the Estate, has sole voting control and dispositive power over all of the 113,500 shares of Common Stock reported in this Statement. (c) Other than the acquisition described in Item 3 of this Statement, there have been no transactions in shares of Common Stock by the Reporting Persons within 60 days of the filing date of this Statement. (d) None. (e) Not applicable.

Contracts, Arrangements, Understandings

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits None. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. December 9, 2024 /s/ Steven Gurney-Goldman Steven Gurney-Goldman , individually and as executor of the Estate of Allan H. Goldman

View Full Filing

View this SC 13D filing on SEC EDGAR