Material Agreement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 5, 2020 J.W. Mays, Inc. (Exact name of registrant as specified in its charter) New York 1-3647 11-1059070 (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) 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 Not Applicable (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 obligations 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)) 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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2). 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 2 Pages Item 1.01 Entry into a Material Definitive Agreement J.W. Mays, Inc. (the "Company") has entered into a loan agreement with Putnam County National Bank wherein the Company has obtained a loan secured by a first mortgage on its Fishkill property on the following terms: Principal Amount of Loan - $4,000,000 Interest Rate – 3.98% per annum Monthly Payment – $24,197.08 Term of Loan – Five years Amortization of Loan – Twenty years Mr. Dean L. Ryder, a member of the Board of Directors of the Company, is affiliated with Putnam County National Bank. The mortgage loan was on terms generally available to other borrowers of the lending bank. 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. Dated: March 5, 2020 By: Mark Greenblatt Mark Greenblatt Executive Vice President Principal Financial Officer