WYTEC 8-K: Shareholder Rights, Officer Changes, Bylaw Amendments

TL;DR

**WYTEC just filed an 8-K detailing changes to shareholder rights, officer roles, and company bylaws.**

AI Summary

WYTEC INTERNATIONAL INC filed an 8-K on January 3, 2024, reporting events from December 29, 2023, concerning material modifications to security holders' rights, changes in directors or officers, and amendments to its bylaws. This filing indicates potential shifts in corporate governance and shareholder influence, which could impact the company's strategic direction and, consequently, the value of its stock for current or prospective investors.

Why It Matters

This filing signals potential changes in how WYTEC INTERNATIONAL INC is governed and how shareholders' interests are protected, which can directly affect investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes to shareholder rights and officer appointments can introduce uncertainty regarding future company direction and stability.

Analyst Insight

Investors should closely monitor subsequent filings for specific details on the modifications to security holder rights, the identities of new or departing officers, and the exact nature of the bylaw amendments to assess their impact on company control and future performance.

Key Players & Entities

• WYTEC INTERNATIONAL INC (company) — the registrant filing the 8-K
• December 29, 2023 (date) — date of earliest event reported
• January 3, 2024 (date) — date the 8-K was filed
• Nevada (company) — state of incorporation for WYTEC INTERNATIONAL INC
• 001-39478 (company) — Commission File Number for WYTEC INTERNATIONAL INC

FAQ

Filing Documents

• wytec_8k.htm (8-K) — 27KB
• wytec_ex0401.htm (EX-4.1) — 5KB
• image_001.jpg (GRAPHIC) — 338KB
• image_003.jpg (GRAPHIC) — 387KB
• image_004.jpg (GRAPHIC) — 195KB
• 0001683168-24-000045.txt ( ) — 1467KB
• wytc-20231229.xsd (EX-101.SCH) — 3KB
• wytc-20231229_lab.xml (EX-101.LAB) — 33KB
• wytc-20231229_pre.xml (EX-101.PRE) — 22KB
• wytec_8k_htm.xml (XML) — 3KB

03 Material Modification

ITEM 3.03 Material Modification to Rights of Security Holders. On December 29, 2023, Wytec International, Inc., a Nevada corporation ("Wytec"), filed an amendment to its Certificate of Designation for its Series C Preferred Stock (the "Amendment to Series C Certificate of Designation") with the Secretary of State of the State of Nevada in order to remove the provision which provided for the automatic redemption of shares of Wytec's Series C Preferred Stock on the date that Wytec's shares of common stock first trade on any national securities exchange because such provision is incompatible with Section 1 of that certain exchange agreement by and between the Company and Mr. William H. Gray, dated October 6, 2022, as amended on November 15, 2022. This brief description of the Amendment to Series C Certificate of Designation is only a summary of the material terms and is qualified in its entirety by reference to the full text of the Amendment to Series C Certificate of Designation attached to this Current Report on Form 8-K as Exhibit 4.1. SECTION 5.CORPORATE GOVERNANCE AND MANAGEMENT

02 Departure of

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 29, 2023, Wytec filed an Amendment to Series C Certificate of Designation with the Secretary of State of the State of Nevada. The sole holder of the Company's Series C Preferred Stock is William H. Gray, the Chairman, Chief Executive Officer, and President of Wytec. The amendment to the rights and privileges of the Series C Preferred Stock owned by Mr. Gray is more fully discussed in Item 3.03 and the full text of the Amendment to Series C Certificate of Designation is attached to this Current Report on Form 8-K as Exhibit 4.1.

03 Amendments to

ITEM 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The information set forth in Item 3.03 is incorporated herein by reference. SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS

01. Financial Statements and Exhibits

ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits 4.1 Amendment to Series C Certificate of Designation. 104 Cover Page Interactive Data File (formatted in inline XBRL).

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: January 3, 2024 /s/ William H. Gray William H. Gray, Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR