Wytec International Inc 8-K/A, filed Feb 1, 2024
Wytec International Inc (WYTC)
About this 8-K/A
Wytec International Inc filed this 8-K/A on February 1, 2024, reporting on events of November 22, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT
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
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 |