---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-21-007035"
form_type: "8-K"
ticker: "GAMG"
cik: "0000055234"
company_name: "Global Asset Management Group, Inc."
filed_at: "2021-10-05T23:59:59+00:00"
generated_at: "2026-06-28T23:10:25.231818+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Kenilworth Systems acquires ACL Group IP assets and issues securities; director resigns

## Summary
- Acquired certain intellectual property and database assets of ACL Group, Inc.
- Paid $300M secured convertible promissory note at 5% annual interest, convertible into common stock.
- Issued 40,000,000 common shares, 1,000,000 Series A and 1,000 Series B preferred shares as part of consideration.
- Issued 20,000,000 Class A common stock purchase warrants exercisable at $0.02 per share for 10 years.
- Peter Zompa resigned as director on September 30, 2021, effective immediately.

## SEC filing metadata
- accession: 0001477932-21-007035
- form_type: 8-K
- ticker: GAMG
- cik: 0000055234
- company_name: Global Asset Management Group, Inc.
- filed_at: 2021-10-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55234/000147793221007035/0001477932-21-007035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55234/000147793221007035/kens_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-21-007035
- JSON: https://secwatch.observer/filing/0001477932-21-007035.json
- Plain text: https://secwatch.observer/filing/0001477932-21-007035.txt

## Key facts
- Executive change
  Peter Zompa resigned as Director at Global Asset Management Group, Inc..
  - Action: resigned
  - Role: Director
  source text: On September 30, 2021, Peter Zompa resigned as a Director of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55234/000147793221007035/0001477932-21-007035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.