J.W. Mays, Inc. (NASDAQ:MAYS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.

At its special meeting on March 29, 2017, the Board of Directors (the “Board”) of J.W. Mays, Inc. (the “Company”), upon recommendation of its Governance and Nominating Committee, elected Steven Gurney-Goldman to the Board.

The Board increased its size from six to seven members and elected Mr. Gurney-Goldman to fill the vacancy for an initial term expiring at the Annual Meeting of Shareholders to be held in November 2017.

The Board has determined that Mr. Gurney-Goldman satisfies the definitions of “independent director” under SEC rules and regulations and NASDAQ listing standards. Mr. Gurney-Goldman has been appointed to the Investment Advisory Committee of the Board.

Mr. Gurney-Goldman has been working at Solil Management, LLC since 2013. Solil Management was founded by Mr. Gurney-Goldman’s grandfather, Sol Goldman. Mr. Gurney-Goldman has been working in the following areas at Solil Management: property management, retail leasing, real estate finance and acquisitions, and project development.

About J.W. Mays, Inc. (NASDAQ:MAYS)

J.W. Mays, Inc. is engaged in operating a range of commercial real estate properties. The Company’s properties include Brooklyn, New York-Fulton Street at Bond Street; Brooklyn, New York-Jowein building at Elm Place; Jamaica, New York-Jamaica Avenue at 169th Street; Fishkill, New York-Route 9 at Interstate Highway 84; Levittown, New York-Hempstead Turnpike; Massapequa, New York-Sunrise Highway; Circleville, Ohio-Tarlton Road, and Brooklyn, New York-Truck bays, passage facilities and tunnel-Schermerhorn Street, and Livingston Street. The Company holds the 10% lease of The Fulton Street at Bond Street’s property under five separate leases. As of July 31, 2016, the Jowein building at Elm Place was leased to approximately 11 tenants of which two were retail stores, one was a fast food restaurant, one was for warehouse and seven leases were for office space. The building Jamaica Avenue at 169th Street is Company owned and the land is leased from an affiliated company.

J.W. Mays, Inc. (NASDAQ:MAYS) Recent Trading Information

J.W. Mays, Inc. (NASDAQ:MAYS) closed its last trading session 00.00 at 39.50 with 0 shares trading hands.