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): December 30, 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   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 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.

 

Compensation Arrangements. On December 30, 2020, the Board of Directors of Wytec International, Inc., a Nevada corporation (the “Company”), authorized an amendment to the currently outstanding Warrant to purchase up to 2,000,000 shares of the common stock of the Company (the “Warrant”) owned by William H. Gray, the Chairman and Chief Executive Officer of the Company, changing the expiration date of the Warrant from December 31, 2020 to December 31, 2022 in order to give Mr. Gray more time to exercise the Warrant. A copy of the Amendment of the Warrant is attached to this Report at Exhibit 4.1

 

SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS

 

(d)       Exhibits

 

4.1 Amendment to Warrant, dated December 30, 2020.

 

 

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 4, 2021

 

 

/s/ William H. Gray

William H. Gray, Chief Executive Officer

EXHIBIT 4.1

 

AMENDMENT TO THE WARRANT TO PURCHASE UP TO

2,000,000 SHARES OF THE COMMON STOCK OF

WYTEC INTERNATIONAL, INC.

 

EXTENSION OF EXPIRATION DATE.

 
 

 

 

AMENDMENT TO WARRANT

 

 

This Amendment to Warrant (the “Amendment”) is made as of this 30th day of December 2020 by and between Wytec International, Inc., a Nevada corporation (“Company”), and William H. Gray, an individual (“Gray”), with respect to the following facts:

RECITALS

A. That certain warrant to purchase 2,000,000 shares of the Company’s common stock, dated September 21, 2018 (the “Warrant”), is due to expire on December 31, 2020.
B. The parties desire to amend the Warrant Agreement (the “Agreement”) and the Warrant in order to extend the expiration date of the Warrant to December 31, 2022.
C. The terms used in this Amendment will have the meanings ascribed to them in the Agreement unless otherwise defined herein.

NOW, THEREFORE, for one dollar and other good and valuable consideration, THE PARTIES HERETO AGREE AS FOLLOWS:

1. Amendment.

The Warrant will expire at 5:00 P.M., CT on December 31, 2022.

2. Effect of Amendment.

The Agreement will remain in full force and effect except as specifically modified by this Amendment. In the event of any conflict between the Amendment and the Agreement, the terms of this Amendment will govern.

3. Counterparts.

This Amendment may be executed simultaneously in any number of counterparts, each of which counterparts will be deemed to be an original and such counterparts will constitute but one and the same instrument.

IN WITNESS WHEREOF, this First Amendment is executed as of the date first above written.

COMPANY: WYTEC INTERNATIONAL, INC.

 

By: _______________________________________

Donna Ward, Chief Financial Officer

 

 

GRAY: WILLIAM H. GRAY, an individual

 

__________________________________________

William H. Gray