Mays J W Inc: promotes Kevin J. Guptar to chief financial officer, salary $232,000

What happened

• The filing reported that Mays promoted Kevin J. Guptar to the roles of Chief Financial Officer and Treasurer, filling the vacancy created when Ward Lyke, Jr. retired as Chief Financial Officer and Treasurer on Sep 25, 2026.
• The filing reported that Mr. Guptar began serving as the company’s Principal Financial Officer and Principal Accounting Officer effectively immediately upon Mr. Lyke’s retirement.

Key details

• Annual base salary as Chief Financial Officer and Treasurer: $232,000, plus an annual discretionary bonus.
• Mr. Guptar, age 46, joined Mays in Nov 2021 as controller and has been involved in the company’s accounting and financial reporting functions.
• Professional background: controller of a private real estate partnership (2017–2021); finance professional for the Metropolitan Transportation Authority (2014–2016); Certified Public Accountant in New York State.
• The filing states there are no arrangements or understandings related to his appointment, no family relationships with any director or executive officer, no reportable direct or indirect material interests under Item 404(a) of Regulation S-K, and he is eligible for indemnification under the company bylaws.

Why it may matter

• This item was reported under Item 5.02 (Departure of directors or certain officers; election of directors), which covers officer departures and appointments.
• A filing does not show why the insider traded or why the company acted.