UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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 |