Wytec International Appoints New Directors and CFO
Ticker: WYTC · Form: 8-K · Filed: Jul 9, 2024 · CIK: 1560143
| Field | Detail |
|---|---|
| Company | Wytec International Inc (WYTC) |
| Form Type | 8-K |
| Filed Date | Jul 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election, cfo-appointment
TL;DR
Wytec International shakes up leadership with new directors and a new CFO.
AI Summary
Wytec International, Inc. announced on July 2, 2024, changes in its board of directors and executive officers. Specifically, the company elected two new directors, Mr. David L. Johnson and Mr. Robert L. Johnson, to its board. Additionally, Mr. Robert L. Johnson was appointed as the Chief Financial Officer.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy, financial oversight, and future direction.
Risk Assessment
Risk Level: medium — Changes in executive and board positions can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Wytec International, Inc. (company) — Registrant
- David L. Johnson (person) — Newly elected director
- Robert L. Johnson (person) — Newly elected director and Chief Financial Officer
- July 2, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to Wytec International's board?
Mr. David L. Johnson and Mr. Robert L. Johnson were elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is July 2, 2024.
What new role did Robert L. Johnson assume besides being a director?
Robert L. Johnson was appointed as the Chief Financial Officer.
In which state is Wytec International, Inc. incorporated?
Wytec International, Inc. is incorporated in Nevada.
What is the principal executive office address for Wytec International, Inc.?
The principal executive office is located at 19206 Huebner Road, Suite 202, San Antonio, Texas 78258.
Filing Stats: 509 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-07-09 15:51:43
Key Financial Figures
- $5.00 — 's common stock at an exercise price of $5.00 per share exercisable on a cash or cash
Filing Documents
- wytec_8k.htm (8-K) — 26KB
- wytec_ex0401.htm (EX-4.1) — 48KB
- 0001683168-24-004718.txt ( ) — 250KB
- wytc-20240702.xsd (EX-101.SCH) — 3KB
- wytc-20240702_lab.xml (EX-101.LAB) — 33KB
- wytc-20240702_pre.xml (EX-101.PRE) — 22KB
- wytec_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On or about July 2, 2024, Wytec International, Inc, a Nevada corporation ("Wytec"), issued to Ms. Erica Perez, the director of operations and corporate secretary of Wytec, 25,000 warrants to purchase up to 25,000 shares of Wytec's common stock at an exercise price of $5.00 per share exercisable on a cash or cashless basis until December 31, 2025 (the "Warrant") in consideration for her contributions to Wytec as the director of operations and corporate secretary of Wytec during the first two quarters of the 2024 fiscal year. A copy of the Warrant is attached to this Report as Exhibit 4.1. SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
01 Financial Statements
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 4.1 Erica Perez Warrant, dated July 2, 2024 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: July 9, 2024 /s/ William H. Gray William H. Gray, Chief Executive Officer 2