At its meeting on March 16, 2016, the Board of Directors of J.W. Mays Inc. upon recommendation of its Governance and Nominating Committee, elected John J. Pearl to the Board. The Board increased its size from five to six members and elected Mr. Pearl to fill the vacancy for an initial term expiring at the Annual Meeting of Shareholders to be held in November 2016. In addition to Mr. Pearl's appointment to the Audit Committee, Mr. Pearl has been appointed to the Investment Advisory Committee, the Compensation Committee and the Governance and Nominating Committee of the Board.

Mr. Pearl was the partner in charge of the tax department of D'Arcangelo & Co., LLP until he retired. Prior to joining D'Arcangelo & Co., LLP, he was a partner in both the New York and Boston offices of Pannell Kerr Forster. He served as chairman of both the NYSSCPA Relations with the Internal Revenue Service Tax Committee and the Westchester Chapter NYSSCPA Federal & State Tax Committee.

For about 10 years he was also the chairman of the Westchester Chapter Annual Tax Conference and was a frequent speaker at joint CPA/IRS tax seminars.