secwatch.observer — SEC 8-K summary
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Issuer:     WYTEC INTERNATIONAL INC (WYTC)
CIK:        0001560143
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001683168-22-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Gray exchanges 1,000 Series C Preferred for 3M common shares; adds two independent directors
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- CEO William H. Gray exchanged 1,000 Series C Preferred shares for 3,000,000 shares of common stock effective Dec 29, 2021.
- All Series C Preferred shares were cancelled; the common shares are unregistered and subject to Rule 144 restrictions.
- Christopher Stuart and Dr. Sam Khoury appointed as independent directors effective Dec 30, 2021; Stuart chairs compensation, Khoury chairs governance.
- No compensation arrangements have been established for the new directors or their committee service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560143/000168316822000019/0001683168-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560143/000168316822000019/wytec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer