8-K: Wytec International Appoints BDO USA as New Auditor

Wytec International, Inc. announced a change in its independent registered public accounting firm from Horne LLP to BDO USA, P.C., effective November 1, 2025.

Summary

• Wytec International, Inc. (the "Company") has changed its independent registered public accounting firm.
• Effective November 1, 2025, Horne LLP resigned as the Company's auditor.
• The resignation occurred because the partners and professional staff of Horne LLP joined BDO USA, P.C. ("BDO").
• Following Horne's resignation, the Company's Audit Committee approved the appointment of BDO USA, P.C. as the new independent registered public accounting firm, effective November 1, 2025.
• Horne LLP's reports on the Company's financial statements for the fiscal years ended December 31, 2024, and 2023, did not contain any adverse opinion, disclaimer of opinion, or qualifications/modifications regarding uncertainty, audit scope, or accounting principles.
• There were no disagreements between the Company and Horne LLP on any accounting principles, financial statement disclosure, or auditing scope/procedure during the fiscal years ended December 31, 2024 and 2023, and through October 31, 2025.
• Horne LLP did not advise the Company of any matters specified in Item 304(a)(1)(v) of Regulation S-K during the past fiscal year ended December 31, 2024, and the interim period through October 31, 2025.
• The Company did not consult with BDO regarding accounting principles or audit opinions prior to BDO's engagement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The change in auditor is administrative due to a merger, with no reported disagreements or adverse opinions from the previous auditor, indicating a smooth and non-problematic transition. This suggests good corporate hygiene rather than any underlying issues.

Positives

• The transition of the independent registered public accounting firm was due to an administrative merger of Horne LLP's staff into BDO USA, P.C., rather than any issues with the Company.
• Horne LLP's audit reports for the fiscal years ended December 31, 2024, and 2023, were clean, with no adverse opinions, disclaimers, or qualifications.
• There were no disagreements on accounting principles, financial statement disclosure, or auditing scope/procedure between the Company and Horne LLP.
• The change was approved by the Company's Audit Committee, indicating proper corporate governance.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the Company's financial performance or strategic direction.

Management Comments

• William H. Gray, Chief Executive Officer, signed the report on behalf of Wytec International, Inc.

Industry Context

Changes in independent registered public accounting firms are common in the industry, particularly when accounting firms merge or undergo significant structural changes, as was the case with Horne LLP joining BDO USA, P.C. BDO USA is a well-established global accounting and advisory firm, and this transition is consistent with standard practices following such consolidations.

Comparison to Industry Standards

• The transition process, including the confirmation from the former auditor (Horne LLP) that there were no disagreements or reportable events, aligns with best practices for auditor changes as mandated by SEC regulations (Item 304(a) of Regulation S-K).
• The appointment of BDO USA, P.C., a major accounting firm, suggests a continuation of robust audit standards, comparable to other publicly traded companies engaging top-tier audit services.

Corporate Governance

Stakeholder Impact

• Shareholders: The change ensures continued independent and professional oversight of the Company's financial statements, maintaining confidence in financial reporting integrity.
• Regulatory Bodies: The Company is fulfilling its disclosure obligations regarding changes in its certifying accountant, demonstrating compliance with SEC regulations.

Next Steps

• BDO USA, P.C. will now serve as the independent registered public accounting firm for Wytec International, Inc. for future financial reporting periods.

Key Dates

Recommendation

This filing details a routine administrative change in the company's independent registered public accounting firm due to a merger of the previous firm. There are no reported disagreements, adverse opinions, or other red flags that would alter an investment thesis based solely on this information. Therefore, a 'hold' recommendation is appropriate as this administrative update does not provide new fundamental data to warrant a change in investment position.

Keywords

Wytec International, auditor change, BDO USA, Horne LLP, SEC filing, Form 8-K, accounting firm, corporate governance, independent registered public accounting firm