WYTC 8-K
Wytec International Inc (WYTC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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SECTION 3. SECURITIES AND TRADING MARKETS
ITEM 3.03 Material Modification to Rights of Security Holders.
On December 29, 2023, Wytec International, Inc., a Nevada corporation (“Wytec”), filed an amendment to its Certificate of Designation for its Series C Preferred Stock (the “Amendment to Series C Certificate of Designation”) with the Secretary of State of the State of Nevada in order to remove the provision which provided for the automatic redemption of shares of Wytec’s Series C Preferred Stock on the date that Wytec’s shares of common stock first trade on any national securities exchange because such provision is incompatible with Section 1 of that certain exchange agreement by and between the Company and Mr. William H. Gray, dated October 6, 2022, as amended on November 15, 2022.
This brief description of the Amendment to Series C Certificate of Designation is only a summary of the material terms and is qualified in its entirety by reference to the full text of the Amendment to Series C Certificate of Designation attached to this Current Report on Form 8-K as Exhibit 4.1.
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.
On December 29, 2023, Wytec filed an Amendment to Series C Certificate of Designation with the Secretary of State of the State of Nevada. The sole holder of the Company’s Series C Preferred Stock is William H. Gray, the Chairman, Chief Executive Officer, and President of Wytec. The amendment to the rights and privileges of the Series C Preferred Stock owned by Mr. Gray is more fully discussed in Item 3.03 and the full text of the Amendment to Series C Certificate of Designation is attached to this Current Report on Form 8-K as Exhibit 4.1.
ITEM 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The information set forth in Item 3.03 is incorporated herein by reference.
SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 4.1 | ||
| 104 | Cover Page Interactive Data File (formatted in inline XBRL). |
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: January 3, 2024 | /s/ William H. Gray | |
| William H. Gray, Chief Executive Officer |
| 2 |
Exhibit 4.1
Certified Copy 12/29/2023 11:39:24 AM Work Order Number: Reference Number: Through Date: Corporate Name: W2023122901357 20233725007 12/29/2023 11:39:24 AM WYTEC INTERNATIONAL, INC. The undersigned filing officer hereby certifies that the attached copies are true and exact copies of all requested statements and related subsequent documentation filed with the Secretary of State’s Office, Commercial Recordings Division listed on the attached report. Number of Pages Description Document Number 2 Amended Certification of Stock Designation After Issuance of Class/Series 20233724994 Certified By: Sean Robles Certificate Number: B202312294229909 You may verify this certificate online at http://www.nvsos.gov Respectfully, FRANCISCO V. AGUILAR Nevada Secretary of State FRANCISCO V. AGUILAR Secretary of State DEPUTY BAKKEDAHL Deputy Secretary for Commercial Recordings STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE Commercial Recordings Division 401 N. Carson Street Carson City, NV 89701 Telephone (775) 684 - 5708 Fax (775) 684 - 7138 North Las Vegas City Hall 2250 Las Vegas Blvd North, Suite 400 North Las Vegas, NV 89030 Telephone (702) 486 - 2880 Fax (702) 486 - 2888
Business Number E0606662011 - 7 Filed in the Office of Secretary of State State Of Nevada Filing Number 20233724994 Filed On 12/29/2023 8:26:00 AM Number of Pages 2
Business Number E0606662011 - 7 Filed in the Office of Secretary of State State Of Nevada Filing Number 20233724994 Filed On 12/29/2023 8:26:00 AM Number of Pages 2
Amendment to Certificate of Designation of Wytec International , Inc. Establishing the Designations, Preferences , Limitations and Relative Rights of its Series C Preferred Stock, page 2 Section 6 . REDEMPTION RIGHTS . The shares of the Series C Preferred Stock shall be automatically, and without any required action by the Company or the holders thereof, redeemed by the Company at their par value on the date that William H . Gray ceases, for any reason, to serve as officer, director, or consultant of the Company, it being understood that if Mr . Gray continues without interruption to serve thereafter in one or more capacities as officer , director, or consultant of the Company this shall not be considered a cessation of service .