WYTEC INTERNATIONAL: Common Stock Not Exchange-Listed

TL;DR

**WYTEC INTERNATIONAL's common stock isn't listed on any exchange, impacting liquidity.**

AI Summary

WYTEC INTERNATIONAL INC filed an 8-K on January 4, 2024, to report that its Common Stock is not listed on any exchange, as indicated by 'None' for Trading Symbol and 'N/A' for Name of each exchange on which registered. This matters to investors because it confirms the company's shares are not traded on major exchanges, which can impact liquidity and investor access, potentially making the stock less attractive to a broader range of investors.

Why It Matters

This filing clarifies that WYTEC INTERNATIONAL INC's common stock is not traded on any major stock exchange, which means it might be harder to buy or sell shares and could affect the stock's overall value and investor interest.

Risk Assessment

Risk Level: medium — The lack of exchange listing for common stock can lead to lower liquidity and transparency, increasing investment risk.

Analyst Insight

A smart investor would note the lack of exchange listing for WYTEC INTERNATIONAL INC's common stock and consider the implications for liquidity and market access before making any investment decisions.

Key Players & Entities

• WYTEC INTERNATIONAL INC (company) — the registrant
• January 4, 2024 (date) — date of earliest event reported
• Nevada (company) — state of incorporation
• 001-39478 (company) — Commission File Number
• 46-0720717 (company) — I.R.S. Employer Identification No.
• 19206 Huebner Road, Suite 202, San Antonio, Texas 78258 (company) — address of principal executive offices
• (210) 233-8980 (company) — registrant's telephone number

FAQ

Key Financial Figures

• $18,750 — ctors pursuant to which he will receive $18,750 of shares of Wytec's common stock each

Filing Documents

• wytec_8k.htm (8-K) — 29KB
• 0001683168-24-000093.txt ( ) — 193KB
• wytc-20240104.xsd (EX-101.SCH) — 3KB
• wytc-20240104_lab.xml (EX-101.LAB) — 33KB
• wytc-20240104_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. General . On January 4, 2024, Mr. Robert Cook was appointed as a director of Wytec International, Inc. ("Wytec"), effective January 4, 2024. Mr. Cook is an independent director who has also accepted an appointment to serve as a member and chairman of Wytec's audit committee. Compensation Arrangements . Mr. Robert Cook will participate in Wytec's compensation plan for its directors pursuant to which he will receive $18,750 of shares of Wytec's common stock each quarter in consideration for his services as a director and as a member and chairman of Wytec's audit committee (i) based on the most recent valuation report received by Wytec for its common stock if Wytec's common stock is not quoted on the NASDAQ Capital Market or equivalent or higher public securities trading market (each a "Trading Market") during the applicable quarter or (ii) based on the average closing price that is quoted on a Trading Market (if more than one, the one with the then highest trading volume) during the applicable quarter if Wytec's common stock is quoted on a Trading Market at any time during applicable quarter. Biographical Information . A comprehensive description of the experience and qualifications of Mr. Robert Cook is included in the following paragraph: Robert Cook , age 77, has over 30 years of executive management experience in a variety of industries. Since May 2020, Mr. Cook has worked as an independent consultant. From 2015 until May 2020, he served as the chief executive officer and chief financial officer of Tecomate Holdings, LLC, a wildlife product and TV production company. From 2013 to 2014, Mr. Cook served as the president and chief financial officer of Solid Green Holdings, a product development and construction firm, in Austin, Texas. From 2011 to 2013, he served as senior director, strategy & implementation

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 5, 2024 /s/ William H. Gray William H. Gray, Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR