SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report February 6, 1996 Commission File Number 1-3647
(Date of earliest event reported)
J.W. Mays, Inc.
(Exact name of registrant as specified in its charter)
New York 11-1059070
(State or other jurisdiction (I.R.S. Employer
of 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
This Report Contains 5 Pages.
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Item 4. Changes in Registrant's Certifying Accountants
(a) At its meeting on January ll, l996, the Board of Directors of
the Registrant engaged the firm of D'Arcangelo & Co. to act as the
Registrant's independent certified public accountants to audit the
Registrant's financial statements for the fiscal year ending July 3l,
l996. D'Arcangelo & Co. replaces Lipsky, Goodkin & Co., P.C. The work
of Lipsky, Goodkin & Co., P.C. was terminated.
(b) The principal accountant's report on the financial statements
for the past two years did not contain an adverse opinion, or a
disclaimer of opinion, or was qualified or modified as to uncertainty,
audit scope or accounting principles.
(c) The decision to change accountants was requested by
management, then recommended by the audit committee of the Board of
Directors and approved by the Board of Directors.
(d) During the Registrant's two most recent fiscal years and for
the interim period from August 1, 1996 through the date of termination,
there were no disagreements with the former accounting firm on any matter
of accounting principles or practice, financial statement disclosure, or
auditing scope or procedure.
(e) There was no discussion with the newly engaged accountants as
to the application of accounting principles to a specified transaction
and since there was no matter that was the subject of a disagreement, no
discussion took place in this area.
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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: February 6, 1996 By: Lloyd J. Shulman
Lloyd J. Shulman
Co-Chairman / President
<PAGE>
Exhibit A
Lipsky, Goodkin & Co. P.C.
Certified Public Accountants
120 West 45th Street
New York, New York 10036
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Telephone (212) 840-6444 Members
Telecopier (212) 921-7186 American Institute of
Certified Public Accountants
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N.Y. State Society of
Certified Public Accountants
Office of the Chief Accountant
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
We were previously principal accountants for J.W. Mays, Inc.
(Commission File # 1-3647) and on October 12, 1995 (except with
respect to the matter discussed in Note 16(b), as to which the
date is October 20, 1995), we reported on the consolidated financial
statements of J.W. Mays, Inc. and Consolidated Subsidiaries ("Mays")
as of and for the two years ended July 31, 1995. On December 22, 1995,
we were dismissed as principal accountants of Mays. We have read
Mays' statements included under Item 4 of its Form 8-K/A for February 6,
1996, and we agree with such statements.
Very truly yours,
S/
LIPSKY, GOODKIN & CO., P.C.
New York, N.Y.
February 6, 1996
