UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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This Report Contains 4 Pages.
Section 5 – Corporate Governance and Management.
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.
Item 9.01—Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is filed herewith:
No. Description
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 |
Exhibit 10.1
| |
(718) 624-7400 |
| Fax: (718) 935-0378 |
Nine Bond Street, Brooklyn, New York 11201-5805
CONSULTING AGREEMENT
This Consulting Agreement (this “Agreement”) is made as of January 1, 2024 by and between Mark Greenblatt (“Greenblatt”), formerly Vice President and Chief Financial Officer of J. W. Mays, Inc., a New York Corporation (“Mays”), and Mays.
In consideration of the mutual terms contained in this Agreement, Mays retains and Greenblatt agrees to be retained, as an independent contractor and consultant under the following terms and conditions:
| 1. | The term of this Agreement shall be on a month-to-month basis and either party may terminate this Agreement upon seven days’ written notice. |
| 2. | Greenblatt agrees to provide services to Mays when called upon, taking into account that Greenblatt will be a consultant to Mays and no longer its Chief Financial Officer and a Vice President. Greenblatt will make himself available to consult with Officers and other representatives of Mays when needed. |
| 3. | Mays agrees to pay Greenblatt $8,000 per month for the consulting services referred to herein. |
| 4. | If Greenblatt becomes unable to perform the services under this Agreement by reason of illness, disability or death, compensation shall be terminated upon the happening of such event. |
| 5. | This Agreement may not be assigned by either party. |
| 6. | This Agreement shall be construed in accordance with the internal laws of the State of New York. |
| Mark Greenblatt | ||
| Mark Greenblatt | ||
| J. W. MAYS, INC. | ||
| By: | Lloyd J. Shulman | |
| Lloyd J. Shulman | ||
| [Print Name] | ||