Current Report Filing (8-k)
September 12 2022 - 06:10AM
Edgar (US Regulatory)
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2022-09-05 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
September 5, 2022
Global Tech Industries Group, Inc.
(Exact
name of registrant as specified in its charter)
|
Nevada |
|
000-10210 |
|
83-0250943 |
|
(State
or Other Jurisdiction |
|
(Commission |
|
(I.R.S.
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:
|
☐ |
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 240.13e-4(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
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Mr.
Michael Valle, a member of the board of directors of Global Tech
Industries Group, Inc. (the “Company”), passed away unexpectedly on
Monday, September 5, 2022, from natural causes after recent heart
surgery in July as he never fully recovered from post operative
complications. The Company, whose corporate by-laws require a
minimum of five board members, has commenced the search process.
Mr. Valle was the first person that Mr. Reichman requested to join
the board of directors after Mr. Reichman took control of the
company and chairmanship of the board of directors in 2004. Mr.
Valle served on the board from 2004 until 2011, when he took a
leave of absence of five years for personal reasons and rejoined
the board in 2016. Mr. Valle’s professional background was
primarily in the financial services industries. In 1982, he joined
Drexel, Burham & Lambert and was named Vice President after
working there for three years. He was appointed Vice President of
Investments for Dean Witter in 1990, and he later held the same
position at Paine Webber. He later went on to do institutional
sales at Morgan Stanley. In 2012, after a twenty-year career on
Wall Street he worked for Mercedes Benz of Paramus. Currently Mr.
Valle worked at Better Way Mortgages as a Mortgage Banker. Mr.
Valle graduated from William Patterson University in 1978, with a
degree in Economics.
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
| |
Global
Tech Industries Group, Inc. |
| |
|
|
Date:
September 12, 2022 |
By: |
/s/
David Reichman |
| |
|
Chairman
& CEO |
Pursuant
to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of
the registrant and in the capacities and on the dates
indicated.
Global Tech Industries (QB) (USOTC:GTII)
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Global Tech Industries (QB) (USOTC:GTII)
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