Wytec International Inc 8-K/A, filed May 27, 2021
Wytec International Inc (WYTC)
About this 8-K/A
Wytec International Inc filed this 8-K/A on May 27, 2021, reporting on events of May 5, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 5, 2021
WYTEC INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 333-215496 | 46-0720717 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 19206 Huebner Road, Suite 202, San Antonio, Texas | 78258 | |
| (Address of principal executive offices) | (Zip Code) |
(210) 233-8980
(Registrant’s telephone number, including area code)
___________________________________
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR240.14d-2(b))
☐ Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each Class | Trading Symbol | Name of each exchange on which registered |
| Common Stock | N/A | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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.
Effective May 5, 2021, Ms. Donna Ward voluntarily resigned as a director, chief financial officer, secretary, and employee of Wytec International, Inc. (“Wytec”) and Wytec has accepted Ms. Ward’s email resignation as a director of Wytec and verbal resignation as chief financial officer, secretary, and employee of Wytec. Wytec has not yet identified a replacement to fill the vacancy on the board of directors created by Ms. Ward’s resignation.
Effective May 5, 2021, Mr. William H. Gray was appointed as the new interim chief financial officer and secretary of Wytec, effective on May 5, 2021. Wytec has not yet identified a new candidate to replace Donna Ward as the chief financial officer of Wytec. In the meantime, Mr. Gray will serve as Wytec’s interim chief financial officer on a temporary basis. There have been no changes to the compensation of Mr. William H. Gray as a result of his appointment as the interim chief financial officer of Wytec.
William H. Gray has been the chairman and chief executive officer of Wytec since November 2011, the president of Wytec since April 2020, the interim chief financial officer and corporate secretary of Wytec since May 2021, a director of Competitive Companies, Inc. (“CCI”), a Nevada corporation and the former parent company of Wytec, since November 2008, and the chief executive officer, president, and chief financial officer of CCI since February 10, 2009. Mr. Gray was the president of Wytec from November 2011 to September 2019, the chief financial officer of Wytec from November 2011 to January 2020, and the corporate secretary of Wytec from November 2011 to April 2014 and again from November 2015 to February 2019. Mr. Gray was the secretary of CCI from February 2009 to April 2014 and again since July 2015. Mr. Gray has over 19 years of experience in the planning, development, and implementation of wide area networks in both wired and wireless configurations. As the president and chief executive officer of Wireless Wisconsin, LLC, a wholly owned subsidiary of CCI, he developed one of the state’s first internet service providers to enter into the internet industry by forming and developing a statewide telecommunications network in the state of Wisconsin starting in 1995. Wireless Wisconsin, LLC later became one of the first ISPs to become a competitive local exchange carrier in the state of Wisconsin.
SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
yes, ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Written Resignation Notice from Donna Ward, dated May 5, 2021. |
| 99.2 | Oral resignation notice from Donna Ward, dated May 5, 2021. |
| 2 |
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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| WYTEC INTERNATIONAL, INC. | ||
| (Registrant) | ||
| By: | /s/ William H. Gray | |
| William H. Gray Chief Executive Officer | ||
Date: May 26, 2021
| 3 |
Exhibit 99.1
Written Resignation Notice from Donna Ward, dated May 5, 2021.
| Subject: | Resignation |
| Date: | Wednesday, May 5, 2021 |
| From: | Donna Ward |
| To: | markrichardson, wgray |
Please accept this as my resignation from the Board of Directors of Wytec International effective immediately.
Donna Ward
Chief Financial Officer
19206 Huebner Rd.#202
San Antonio, TX 78258 WYTEC
Exhibit 99.2
Oral Resignation Notice from Donna Ward, dated May 5, 2021.
To: Board of Directors – Wytec International, Inc. (Delivered orally to the Chairman of the Board in person)
Effective immediately May 5, 2021, I quit and am resigning my positions with Wytec International, Inc.
Sincerely,
Donna Ward