On October 13, 2026, J.W. Mays, Inc. announced a significant leadership change with the promotion of Kevin J. Guptar to Chief Financial Officer and Treasurer. This appointment comes after the retirement of Ward Lyke, Jr., who held the position until September 25, 2026. Guptar's promotion is expected to enhance the company's financial oversight as it operates in the competitive nonresidential building sector.
J.W. Mays, Inc., a company based in Brooklyn, New York, is classified under the SIC code 6512, which identifies it as an operator of nonresidential buildings. The company trades on the Nasdaq under the ticker symbol MAYS. The recent filing indicates that Mays is a smaller reporting company, which may influence its strategic decisions and operational flexibility.
According to the SEC filing, Guptar's annual base salary as CFO and Treasurer will be $232,000, along with an annual discretionary bonus. He has been with Mays since November 2021, initially serving as the Controller, where he was instrumental in the company's accounting and financial reporting functions. His prior experience includes roles at a private real estate partnership and the Metropolitan Transportation Authority.
The filing also notes that Guptar's appointment was made without any arrangements or understandings with other parties, and there are no family relationships with other directors or executive officers at Mays. This transparency may help reassure stakeholders about the integrity of the leadership transition.
As J.W. Mays continues to adapt to the evolving landscape of the nonresidential building industry, Guptar's experience and leadership will be critical. The company is expected to leverage his financial expertise to navigate challenges and seize opportunities in the market.
Looking ahead, the filing does not specify any immediate next steps following Guptar's appointment, but further updates may be anticipated as the company continues to evolve under new leadership.