<SEC-DOCUMENT>0001206774-20-002858.txt : 20201008
<SEC-HEADER>0001206774-20-002858.hdr.sgml : 20201008
<ACCEPTANCE-DATETIME>20201008101015
ACCESSION NUMBER:		0001206774-20-002858
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201007
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20201008
DATE AS OF CHANGE:		20201008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAYS J W INC
		CENTRAL INDEX KEY:			0000054187
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATORS OF NONRESIDENTIAL BUILDINGS [6512]
		IRS NUMBER:				111059070
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03647
		FILM NUMBER:		201230371

	BUSINESS ADDRESS:	
		STREET 1:		9 BOND ST
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201-5805
		BUSINESS PHONE:		7186247400

	MAIL ADDRESS:	
		STREET 1:		9 BOND STREET
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11201-5805
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>jwmays37069611-8k.htm
<DESCRIPTION>CURRENT REPORT
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<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR></FONT><FONT style="font-size: 10pt" face="Times New Roman">Washington, D. C. 20549</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">FORM 8-K</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">CURRENT REPORT<BR></FONT><FONT style="font-size: 10pt" face="Times New Roman">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="font-size: 10pt" face="Times New Roman"><U>October 7, 2020</U></FONT></P>
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   <TD STYLE="border-bottom: #000000 1pt solid; width: 55%; text-align: center"><FONT style="font-size: 10pt" face="Times New Roman">J.W. Mays, Inc.</FONT></TD>
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   <TD STYLE="white-space: nowrap; text-align: center"><FONT style="font-size: 10pt" face="Times New Roman">(Exact name of registrant as specified in its charter)</FONT></TD>
   <TD STYLE="white-space: nowrap; text-align: center"></TD></TR>                                                 <TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD></TR>
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   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">New York</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">1-3647</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%" noWrap align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">11-1059070 </FONT></TD></TR>
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   <TD width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">(State or other jurisdiction</FONT></TD>
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   <TD width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">(Commission</FONT></TD>
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   <TD width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">(I.R.S. Employer</FONT></TD></TR>
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   <TD width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">of incorporation)</FONT></TD>
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   <TD width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">File Number)</FONT></TD>
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   <TD width="32%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">Identification No.)</FONT></TD></TR>                                                                                                                                <TR STYLE="vertical-align: bottom">
   <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
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   <TD style="WIDTH: 35%; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">9 Bond Street, Brooklyn, New York</FONT></TD>
   <TD style="WIDTH: 2%; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="WIDTH: 15%; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">11201-5805</FONT></TD>
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   <TD style="WHITE-SPACE: nowrap; TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">(Address of principal executive offices)</FONT></TD>
   <TD style="WHITE-SPACE: nowrap; TEXT-ALIGN: center"></TD>
   <TD style="WHITE-SPACE: nowrap; TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">(Zip Code)</FONT></TD>
   <TD style="WHITE-SPACE: nowrap; TEXT-ALIGN: center"></TD></TR></TABLE>
<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">Registrant's telephone number, including area code&nbsp;&nbsp;&nbsp;</FONT><FONT style="font-size: 10pt" face="Times New Roman"><U>718-624-7400</U></FONT></P>
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   <TD style="WIDTH: 25%; TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">&nbsp;</FONT></TD>
   <TD style="WIDTH: 50%; BORDER-BOTTOM: #000000 1pt solid; TEXT-ALIGN: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
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   <TD style="WHITE-SPACE: nowrap; TEXT-ALIGN: center">
   <P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">(Former name or former address, if changed since last report.)</FONT></P></TD>
   <TD style="WHITE-SPACE: nowrap; TEXT-ALIGN: center"></TD></TR></TABLE>
<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">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):</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">[&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">[ &nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">[ &nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">Securities registered pursuant to Section 12(b) of the Act:</FONT></P>
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   <TD style="BORDER-TOP: black 1pt solid; WIDTH: 33%; WHITE-SPACE: nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid"><FONT style="font-size: 10pt" face="Times New Roman">Title of each class</FONT></TD>
   <TD style="BORDER-TOP: black 1pt solid; WIDTH: 33%; WHITE-SPACE: nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid"><FONT style="font-size: 10pt" face="Times New Roman">Trading Symbol(s)</FONT></TD>
   <TD style="BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid; WIDTH: 33%; WHITE-SPACE: nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 6pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 6pt"><FONT style="font-size: 10pt" face="Times New Roman">Name of each exchange on which registered</FONT></TD></TR>
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   <TD style="WIDTH: 33%; WHITE-SPACE: nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid"><FONT style="font-size: 10pt" face="Times New Roman"><B>Common Stock, $1 par value</B></FONT></TD>
   <TD style="WIDTH: 33%; WHITE-SPACE: nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid"><FONT style="font-size: 10pt" face="Times New Roman"><B>MAYS</B></FONT></TD>
   <TD style="BORDER-RIGHT: black 1pt solid; WIDTH: 33%; WHITE-SPACE: nowrap; BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; PADDING-LEFT: 6pt; BORDER-LEFT: black 1pt solid; PADDING-RIGHT: 6pt"><FONT style="font-size: 10pt" face="Times New Roman"><B>NASDAQ</B></FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 15pt"><FONT style="font-size: 10pt" face="Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </FONT></P>
<P style="TEXT-ALIGN: right"><FONT style="font-size: 10pt" face="Times New Roman">Emerging growth company <FONT style="font-size: 10pt" face="Times New Roman">&#9744;</FONT></FONT></P>
<P style="TEXT-ALIGN: left; TEXT-INDENT: 15pt"><FONT style="font-size: 10pt" face="Times New Roman">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. </FONT><FONT style="font-size: 10pt" face="Times New Roman">&#9744;</FONT></P>
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<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">Item 2.02 Results of Operations and Financial Condition.</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">J. W. Mays, Inc. issued a press release on October 7, 2020 reporting its financial results for the three and twelve months ended July 31, 2020. The press release reported revenues and net income/loss for such three and twelve month periods and provided a comparison for revenues and net income/loss for the three and twelve month periods ended July 31, 2019.</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">A copy of the press release is attached to this Form 8-K as Exhibit 99(i).</FONT></P>
<P STYLE="text-align: center"><FONT style="font-size: 10pt" face="Times New Roman">&nbsp;</FONT></P>
<P STYLE="text-align: center"><FONT style="font-size: 10pt" face="Times New Roman">SIGNATURES</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">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.</FONT></P>
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   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="25%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">J. W. Mays, Inc.</FONT></TD>
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   <TD width="25%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
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   <TD width="1%" noWrap align=left><FONT style="font-size: 10pt" face="Times New Roman">Dated:&nbsp;&nbsp;</FONT></TD>
   <TD width="48%" noWrap align=left><FONT style="font-size: 10pt" face="Times New Roman">October 8, 2020</FONT></TD>
   <TD width="1%" noWrap align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="25%" noWrap align=left><FONT style="font-size: 10pt" face="Times New Roman">By: Mark Greenblatt</FONT></TD>
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   <TD width="25%" noWrap align=left><FONT style="font-size: 10pt" face="Times New Roman">Mark Greenblatt</FONT></TD>
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   <TD width="25%" noWrap align=left><FONT style="font-size: 10pt" face="Times New Roman">Executive Vice President</FONT></TD>
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<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">- 2-</FONT></P>
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<P STYLE="text-align: center"><FONT style="font-size: 10pt" face="Times New Roman">EXHIBIT INDEX</FONT></P>
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   <TD STYLE="width: 90%; white-space: nowrap; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">Description</FONT></TD></TR>
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   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><A HREF="jwmays37069611-ex99i.htm" STYLE="-sec-extract: exhibit"><FONT style="font-size: 10pt" face="Times New Roman">99 i</FONT></A></TD>
   <TD STYLE="white-space: nowrap; text-align: left; background-color: Silver"><A HREF="jwmays37069611-ex99i.htm" STYLE="-sec-extract: exhibit"><FONT style="font-size: 10pt" face="Times New Roman">Press Release dated October 7, 2020</FONT></A></TD></TR>
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<P style="TEXT-ALIGN: center"><FONT size=2 face="Times New Roman">-3-</FONT></P>
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<TYPE>EX-99.I
<SEQUENCE>2
<FILENAME>jwmays37069611-ex99i.htm
<DESCRIPTION>PRESS RELEASE DATED OCTOBER 7, 2020
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   <TD width="5%" noWrap align=center><FONT style="font-size: 18pt" face="Times New Roman"><B>Press Release</B></FONT></TD>
   <TD width="90%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman"><B></B></FONT></TD>
   <TD width="5%" noWrap align=right><FONT style="font-size: 10pt" face="Times New Roman"><STRONG>Exhibit 99(i)</STRONG></FONT></TD></TR>
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   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">From</FONT></TD>
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   <TD width="5%" noWrap align=center><FONT style="font-size: 16pt" face="Times New Roman"><B>J. W. Mays, Inc.</B></FONT></TD>
   <TD width="90%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman"><B></B></FONT></TD>
   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman"><B></B></FONT></TD></TR>
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   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">Publicity Department</FONT></TD>
   <TD width="90%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman"></FONT></TD>
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   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">9 Bond Street</FONT></TD>
   <TD width="90%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman"></FONT></TD>
   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman"></FONT></TD></TR>
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   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">Brooklyn, NY 11201</FONT></TD>
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   <TD width="5%" noWrap align=center><FONT style="font-size: 10pt" face="Times New Roman">718 624 7400</FONT></TD>
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<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">J. W. MAYS, INC.<BR>REPORTS ON OPERATIONS<BR></FONT><FONT style="font-size: 10pt" face="Times New Roman">FOR THE FISCAL YEAR AND THREE MONTHS ENDED JULY 31, 2020</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">J. W. Mays, Inc. today reported its financial results for the twelve and three months ended July 31, 2020.</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">Revenues from Operations for the three months ended July 31, 2020 were $4,328,297 compared to revenues of $5,381,346 in the comparable 2019 three-month period, while revenues from Operations for the twelve months ended July 31, 2020 were $19,531,846 compared to revenues from Operations of $21,139,795 in the comparable 2019 twelve-month period.</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">Net loss for the three months ended July 31, 2020 was ($392,245), or ($.20) per share, compared to net income of $644,100, or $.32 per share, in the comparable 2019 three-month period.</FONT></P>
<P STYLE="text-indent: 15pt; text-align: left"><FONT style="font-size: 10pt" face="Times New Roman">Net loss for the twelve months ended July 31, 2020 was ($906,005), or ($.45) per share, compared to net income of $1,514,801, or $.75 per share, in the comparable 2019 twelve-month period.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT style="font-size: 10pt" face="Times New Roman">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</FONT></P>
<P style="TEXT-ALIGN: left"><FONT style="font-size: 10pt" face="Times New Roman">Dated: October 7, 2020</FONT></P>
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