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Last $0.11 USD
Change Today 0.00 / 0.00%
Volume 0.0
WTEC On Other Exchanges
As of 4:30 PM 07/13/14 All times are local (Market data is delayed by at least 15 minutes).

westech capital corp (WTEC) Snapshot

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52 Week High
09/5/14 - $0.40
52 Week Low
12/22/14 - $0.04
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westech capital corp (WTEC) Details

Westech Capital Corp. operates as a financial services holding company. The company, through its subsidiary, provides brokerage and investment banking services. Its services include analysis of distressed and high yield corporate debt, high yield municipal bonds, mortgage-backed securities, and special situation securities; fixed income and equity instruments brokerage and trading; and corporate finance and strategic advisory services to middle-market companies. The company’s subsidiary includes Tejas Securities Group, Inc. Westech Capital Corp. was formerly known as Tejas Incorporated and changed its name on August 5, 2010. Westech Capital Corp. was founded in 1990 and is headquartered in Austin, Texas.

westech capital corp (WTEC) Top Compensated Officers

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Executives, Board Directors

westech capital corp (WTEC) Key Developments

Shareholders of Westech Capital Corp. Votes to Restore John Gorman to the Board

At the annual meeting of shareholders held on September 17th, 2013 to elect Directors, shareholders of Westech Capital Corp. voted to restore John Gorman to the Board, along with his slate of directors: Barry Williamson, Greg Woodby, T.J. Ford, Barry Sanditen and Dan Olsen, preliminary results show. In 1994, Gorman was one of the seven original founders of Tejas Securities, which merged into Westech and went public in 2001. Gorman served as Chairman of the Board of Westech from 2001 to earlier this year, but announced his resignation in June 2013 because of concerns with the direction of the company and the lack of seasoned leadership to direct the company's activities. Two slates of directors were nominated for election at 2013's annual meeting: the Gorman slate and a slate proposed by existing management. Preliminary results show that Gorman's slate won by a substantial majority, garnering more than 64% of the votes as counted by an independent inspector of elections. Gorman will continue his action in the Court of Chancery of the State of Delaware to confirm that the board elected by the stockholders is promptly seated.

Westech Capital Corp. Approves Resignation of John J. Gorman, IV from its Board

Westech Capital Corp. approved the resignation of John J. Gorman, IV from its Board at its AGM held on September 17, 2013.


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