8-K, 2000-12-21
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                             Washington, D.C. 20549

                                    FORM 8-K

                   PURSUANT TO SECTION 12, 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): December 21, 2000

                              WESTECH CAPITAL CORP.
             (Exact name of Registrant as specified in its Charter)

                                    NEW YORK
         (State or other jurisdiction of incorporation or organization)

               33-37534-NY                           13-3577716
               -----------                           ----------
        (Commission file number)           (I.R.S. Employer Identification

         2700 Via Fortuna, Suite 400,
                  Austin, Texas                        78746
              -------------------                    ---------
    (Address of principal executive offices)         (Zip Code)

       Registrant's telephone number, including area code: (512) 306-8222

                                 Not Applicable
          (Former name or former address, if changed since last report)

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ITEM 5.           OTHER EVENTS.

         On December 19, 2000, Westech Capital Corp. (the "COMPANY") accepted
the resignation of Jay W. Van Ert as a member of the Board of Directors of the
Company, Tejas Securities Group Holding Company ("TEJAS HOLDING") and Tejas
Securities Group, Inc. ("TEJAS"). Mr. Van Ert's resignation was not a result of
any disagreement with the Company on any matter relating to the Company's
operations, policies or practices. Mr. Van Ert will continue to work for the
Company, but will focus his efforts on increasing commission revenues. No
replacement has been named for Mr. Van Ert's vacated positions on each of the
Boards of Directors.


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

December 21, 2000                         WESTECH CAPITAL CORP.

                                          By:  /s/ CHARLES H. MAYER
                                               Charles H. Mayer

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