WYTEC Amends 8-K/A on Director/Officer Changes, Compensation

TL;DR

**WYTEC filed an 8-K/A to correct prior info on executive changes and pay.**

AI Summary

WYTEC INTERNATIONAL INC filed an amended 8-K/A on February 1, 2024, to correct a previous filing from November 22, 2023. This amendment clarifies information regarding the departure or election of directors and officers, as well as their compensatory arrangements. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

This filing provides updated information on WYTEC's leadership and executive pay, which can influence investor confidence and the company's operational direction.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, indicating a correction rather than a new, significant event, thus posing low immediate risk.

Analyst Insight

Investors should review the original 8-K from November 22, 2023, and this 8-K/A to understand the specific corrections made regarding leadership and compensation, as these details can impact long-term valuation.

Key Players & Entities

• WYTEC INTERNATIONAL INC (company) — the registrant filing the 8-K/A
• November 22, 2023 (date) — date of the earliest event reported in the original filing
• February 1, 2024 (date) — date the 8-K/A was filed
• Nevada (company) — state of incorporation for WYTEC INTERNATIONAL INC
• 001-39478 (company) — Commission File Number for WYTEC INTERNATIONAL INC

FAQ

Key Financial Figures

• $5.08 — -material error by using a valuation of $5.08 per share instead of $5.00 per share. A
• $5.00 — valuation of $5.08 per share instead of $5.00 per share. Accordingly, the correct num

Filing Documents

• wytec_8k.htm (8-K/A) — 24KB
• 0001683168-24-000605.txt ( ) — 188KB
• wytc-20231122.xsd (EX-101.SCH) — 3KB
• wytc-20231122_lab.xml (EX-101.LAB) — 33KB
• wytc-20231122_pre.xml (EX-101.PRE) — 22KB
• wytec_8k_htm.xml (XML) — 3KB

02 Departure of

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Compensation Arrangements. When determining the number of shares of common stock issuable to each of the directors of Wytec International, Inc., a Nevada corporation (the "Company"), for valuable services provided to the Company by each director from the date of such director's appointment through September 30, 2023, the Company made a non-material error by using a valuation of $5.08 per share instead of $5.00 per share. Accordingly, the correct number of shares of common stock issuable was 178,410 shares instead of 175,709 shares to Mr. William H. Gray, 30,611 shares instead of 30,134 shares to Ms. Erica Perez, 26,291 shares instead of 25,806 shares to Mr. Christopher Stuart, and 26,291 shares instead of 25,806 shares to Dr. Sam Khoury.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WYTEC INTERNATIONAL, INC. (Registrant) Date: February 1, 2024 /s/ William H. Gray William H. Gray, Chief Executive Officer 2

View Full Filing

View this 8-K/A filing on SEC EDGAR