Wytec International Inc 8-K, filed Sep 10, 2020
Wytec International Inc (WYTC)
About this 8-K
Wytec International Inc filed this 8-K on September 10, 2020, reporting on events of September 8, 2020.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2020
WYTEC INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation)
| 333-215496 | 46-0720717 |
| (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 | None | 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 4. MATTERS RELATING TO ACCOUNTANTS AND FINANCIAL STATEMENTS
Item 4.01 Changes in Registrant’s Certifying Accountant.
On or about September 8, 2020 Wytec International, Inc., a Nevada corporation, and its subsidiaries (collectively, the “Company”) engaged Prager Metis CPAs LLC (“New Accountant”) to audit and review the Company’s consolidated financial statements for the fiscal year ending December 31, 2020. The New Accountant has been engaged for general audit and review services and not because of any particular transaction or accounting principle, or because of any disagreement with the Company’s former accountant, Malone Bailey LLP (the “Former Accountant”).
The Former Accountant was dismissed effective September 8, 2020. The Former Accountant’s reports on the Company’s consolidated financial statements during its past fiscal year did not contain an adverse opinion or disclaimer of opinion, nor was it modified as to uncertainty, audit scope or accounting principles, except for a going concern emphasis of matter paragraph contained in its audit report for the fiscal year ended December 31, 2019. The decision to change accountants was recommended and approved by the Company’s Board of Directors. During the fiscal year ended December 31, 2019 and the subsequent interim period through the date hereof, the Company did not have any disagreements with the Former Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the Former Accountant’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report. During the fiscal year ended December 31, 2019 and the subsequent interim period through the date hereof, there have been no reportable events (as that term is defined in Item 304(a)(1)(v) of Regulation S-K), except for the material weaknesses described in Item 9A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
The New Accountant was engaged effective September 8, 2020. The New Accountant was engaged for general audit and review services and not because of any particular transaction or accounting principle, or because of any disagreement with the Former Accountant. A letter from the Former Accountant addressed to the Securities and Exchange Commission was requested by the Company and is attached to this Report as Exhibit 9(d)(16).
SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
16.1 Letter from Malone Bailey LLP, dated September 10, 2020.
| 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.
| WYTEC INTERNATIONAL, INC. | ||
| (Registrant) | ||
| By: | /s/ William H. Gray | |
| William H. Gray, Chief Executive Officer | ||
Date: September 10, 2020
| 3 |
Exhibit 16.1
September 10, 2020
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
We have read the statements under Item 4.01 of the Current Report on Form 8-K of Wytec International, Inc. to be filed with the Securities and Exchange Commission on or about September 10, 2020. We agree with all statements pertaining to us. We have no basis on which to agree or disagree with the other statements contained therein.
/s/ MaloneBailey, LLP
MaloneBailey, LLP
www.malonebailey.com
Houston, Texas