Current Report Filing (8-k)

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 (PK) (USOTC:GTII)
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