Item 4.01 Change in Registrant's Certifying Accountant
D'Arcangelo & Co., LLP ("D'Arcangelo") has been the independent registered
public accounting firm of J.W. Mays, Inc. (the "Company") and its subsidiaries
since the fiscal year ended July 31, 1996. D'Arcangelo informed the Company on
January 13, 2020, that D'Arcangelo's downstate offices (Rye Brook, Poughkeepsie
and Millbrook) have been acquired by Prager Metis CPA's LLC ("Prager") and that
the employees and partners of D'Arcangelo's downstate offices were joining
Prager. As a result of such acquisition, effective January 13, 2020, D'Arcangelo
resigned as the Company's independent registered public accounting firm and the
Company's Audit Committee approved Prager to serve as the Company's independent
registered public accounting firm for the fiscal year ending July 31, 2020.
During the Company's fiscal year ended July 31, 2019 and the subsequent interim
period from August 1, 2019 to the date of this report, and in connection with
the audit of the Company's financial statements, there were no disagreements
between the Company and D'Arcangelo on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of D'Arcangelo, would have
caused D'Arcangelo to make reference to the subject matter of such disagreements
in connection with its audit reports on the Company's financial statements.
During the Company's fiscal year ended July 31, 2019, and the subsequent interim
period from August 1, 2019 to the date of this report, (i) there were no
reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K and
(ii) the Company did not consult with Prager regarding any of the matters set
forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.
The Company has provided D'Arcangelo with a copy of the disclosures in this
report and has requested that D'Arcangelo furnish it with a letter addressed to
the Securities and Exchange Commission stating whether or not D'Arcangelo agrees
with the statements in this Item 4.01. A copy of this letter is filed as Exhibit
16.1 to this report.
Page 2 of 5
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Description
16.1 Letter to the Securities and Exchange Commission from D'Arcangelo & Co., LLP
dated January 13, 2020
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