Wytec International Inc 8-K, filed May 5, 2023
Wytec International Inc (WYTC)
About this 8-K
Wytec International Inc filed this 8-K on May 5, 2023, reporting on events of May 1, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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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.
General. On May 1, 2023, Mr. Gary Stein, an independent director of Wytec International, Inc. (“Wytec”), accepted an appointment to serve as the chairman of Wytec’s audit committee, effective May 1, 2023.
Compensation Arrangements. There have been no compensation arrangements yet established for Mr. Stein’s services as the chairman of Wytec’s audit committee.
Biographical Information. A comprehensive description of the experience and qualifications of Mr. Stein is included in the following paragraph:
Gary Stein, age 73, has been the general counsel and chief financial officer of Kiefner and Associates, Inc., an engineering consulting firm in the energy sector and a wholly owned subsidiary of Applus+, a Madrid-listed public company, since 2013. From September 2021 to April 2022, Mr. Stein was a director and chairman of the audit committee of Elate Group, Inc., a moving and storage company providing domestic concierge services and international relocation solutions for residential, commercial, and government clients in the United States and Canada. From 2009 to 2012, he was the general counsel of MRC Group, LTD, a market research company. From 1993 to 1997 and from 2000 to 2009, Mr. Stein was the president of DB Capital Corporation where he advised small emerging growth companies on mergers, acquisitions, and public financings. From 1997 to 2000, he was the general counsel and chief financial officer of Pinnacle Technologies Resources Inc. From 1992 to 1993, Mr. Stein was the vice president and general counsel of Team Logos Corporation. From 1990 to 1992, he was the managing director of Financial Asset Management. From 1988 to 1990, he worked in corporate finance at Drexel Burnham Lambert, Inc. From 1983 to 1988, Mr. Stein engaged in the private practice of law, specializing in business law, at his own firm, Stein & Associates. From 1975 to 1983, he worked as an administrator, executive assistant to the administrator, and general counsel for the Ohio Bureau of Employment Services. Mr. Stein holds a Juris Doctor degree and a Bachelor of Arts degree in political science and marketing from Capital University in 1971.
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: May 5, 2023 | By: | /s/ William H. Gray |
| William H. Gray, Chief Executive Officer | ||
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