Global Tech Industries Group Reports Key Corporate Events

Ticker: GTII · Form: 8-K · Filed: 2024-07-09T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, management-change

TL;DR

GTII filed an 8-K detailing new agreements, equity sales, and exec changes on July 2nd.

AI Summary

Global Tech Industries Group, Inc. filed an 8-K on July 9, 2024, reporting on several key events that occurred on July 2, 2024. These include entering into a material definitive agreement, unregistered sales of equity securities, and changes in directors and officers, including compensatory arrangements. The filing also includes financial statements and exhibits.

Why It Matters

This filing signals significant corporate actions, including potential new agreements and changes in leadership, which could impact the company's strategic direction and operational structure.

Risk Assessment

Risk Level: medium — The filing mentions unregistered sales of equity securities and changes in officers, which can introduce uncertainty and potential dilution risks.

Key Players & Entities

FAQ

What was the nature of the material definitive agreement entered into by Global Tech Industries Group, Inc. on July 2, 2024?

The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the summary information.

What were the details of the unregistered sales of equity securities mentioned in the filing?

The filing confirms unregistered sales of equity securities occurred on July 2, 2024, but the specific number of shares, price, or terms are not detailed in the provided summary.

Were there any changes in the board of directors or executive officers on July 2, 2024?

Yes, the filing reports on the departure of directors or certain officers, the election of directors, and the appointment of certain officers, as well as compensatory arrangements for certain officers.

What is the company's primary business as indicated by its SIC code?

The company's Standard Industrial Classification (SIC) code is 8741, which corresponds to SERVICES-MANAGEMENT SERVICES.

What is the company's fiscal year end?

The company's fiscal year ends on December 31st.

From the Filing

0001493152-24-026664.txt : 20240709 0001493152-24-026664.hdr.sgml : 20240709 20240709171222 ACCESSION NUMBER: 0001493152-24-026664 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240702 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240709 DATE AS OF CHANGE: 20240709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL TECH INDUSTRIES GROUP, INC. CENTRAL INDEX KEY: 0000356590 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 830250943 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10210 FILM NUMBER: 241108083 BUSINESS ADDRESS: STREET 1: 511 SIXTH AVENUE, SUITE 800 CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 212-204-7926 MAIL ADDRESS: STREET 1: 511 SIXTH AVENUE, SUITE 800 CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: TREE TOP INDUSTRIES, INC. DATE OF NAME CHANGE: 20050401 FORMER COMPANY: FORMER CONFORMED NAME: GOHEALTH MD INC DATE OF NAME CHANGE: 20000201 FORMER COMPANY: FORMER CONFORMED NAME: NUGGET EXPLORATION INC DATE OF NAME CHANGE: 19920703 8-K 1 form8-k.htm false 0000356590 0000356590 2024-07-02 2024-07-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): July 2, 2024   Global Tech Industries Group, Inc. (Exact name of registrant as specified in its charter)   Nevada   000-10210   [ 90-1604380 ] (State or other jurisdiction   (Commission   (IRS Employer of incorporation)   File Number)   Identification No.)   511 Sixth Avenue , Suite 800 New York , NY 10011 (Address of Principal Executive Offices) (Zip Code)   (212) 204-7926 (Registrant’s telephone number, including area code)   N/A (Former name or former address, 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 (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(c)(c))   Securities registered pursuant to Section 12(b) of the Act: None.   Securities registered pursuant to Section 12(g) of the Act:   Title of each Class   Trading Symbol   Name of each exchange on which registered Common Stock   GTII   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. ☐             Item 1.01 Entry into a Ma

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