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 21, 2023, the Board of Directors of Wytec International, Inc., a Nevada corporation (“Wytec”), authorized an extension to January 31, 2024 of the expiration date of all of Wytec’s issued and outstanding warrants that currently expire on December 31, 2023 in order to give the holders of those warrants an additional 31 days to exercise their warrants.
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 20, 2023, Mr. Gary Stein notified Wytec of his resignation as a director of Wytec and as a member and chairman of Wytec’s audit committee, effective on December 20, 2023. Wytec has accepted Mr. Stein’s voluntary resignation as a director of Wytec and as a member and chairman of Wytec’s audit committee. Mr. Stein resigned voluntarily for personal reasons. Wytec has not yet identified a replacement to fill the vacancy on the board of directors created by Mr. Stein’s resignation. Wytec has also cancelled and rescinded the authorized issuance of 24,714 shares of Wytec’s common stock to Mr. Stein, which shares have not yet been issued, per Mr. Stein’s request that he receive no compensation for his services as a director of Wytec.
SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Resignation Notice from Gary Stein, dated December 20, 2023. | |
| 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: December 22, 2023 | /s/ William H. Gray | |
| William H. Gray, Chief Executive Officer |
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