8-K
MAYS J W INC (MAYS)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D. C. 20549
FORM 8-K
CURRENT REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported) | October 19, 2022 | |
|---|---|---|
| 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 3 Pages.
Item 2.02 Results of Operations and Financial Condition.
J. W. Mays, Inc. issued a press release on October 19, 2022 reporting its financial results for the three and twelve months ended July 31, 2022. The press release reported revenues and net (loss) for such three and twelve month periods and provided a comparison for revenues and net income for the three and twelve month periods ended July 31, 2021.
A copy of the press release is attached to this Form 8-K as Exhibit 99(i).
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: | October 20, 2022 | By:<br> Mark S. Greenblatt |
| Mark S. Greenblatt | ||
| Vice President | ||
| Chief Financial Officer and Treasurer |
- 2-
Exhibit index
| Exhibit No. | Description |
|---|---|
| 99 I | Press Release dated October 19, 2022 |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
- 3-
| Press Release | Exhibit 99(i) |
|---|---|
| From | |
| J. W. Mays, Inc. | |
| Publicity Department | |
| 9 Bond Street | |
| Brooklyn, NY 11201 | |
| 718 624 7400 |
J. W. MAYS, INC. REPORTS ON OPERATIONS FOR THE FISCAL YEAR AND THREE MONTHS ENDED JULY 31, 2022
J. W. Mays, Inc. today reported its financial results for the twelve and three months ended July 31, 2022.
Revenues from Operations for the three months ended July 31, 2022 were $5,504,057 compared to revenues of $5,169,130 in the comparable 2021 three-month period, while revenues from Operations for the twelve months ended July 31, 2022 were $21,396,035 compared to revenues from Operations of $20,212,879 in the comparable 2021 twelve-month period.
Net loss for the three months ended July 31, 2022 was $(68,754), or $(.03) per share, compared to net income of $909,484, or $.45 per share, in the comparable 2021 three-month period.
Net loss for the twelve months ended July 31, 2022 was $(712,371), or $(.35) per share, compared to net income of $398,032, or $.20 per share, in the comparable 2021 twelve-month period.
* * *
Dated: October 19, 2022