secwatch.observer — SEC 8-K summary
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Issuer:     GlobalTech Corp (GLTK)
CIK:        0001938338
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001477932-24-008018
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GlobalTech shareholders approve 50x share increase, reverse split, new equity plan, name change
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- Authorized common shares increased from 10M to 500M; reverse split (1:2 to 1:10) authorized through Dec 2025.
- 2024 Equity Incentive Plan adopted: 7.5M initial shares plus annual 5% evergreen, capped at 75M total shares.
- Name changed from Elko Broadband Inc to GlobalTech Corporation; 50M blank-check preferred shares authorized.
- All seven directors re-elected unanimously; Saeed Kamran & Co. ratified as independent auditor for FY2024.
- Director/officer liability limitation and indemnification adopted; Nevada control-share and interested-stockholder statutes opted out.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938338/000147793224008018/0001477932-24-008018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938338/000147793224008018/global_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-008018

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