---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-026664"
form_type: "8-K"
ticker: null
cik: "0000356590"
company_name: "GLOBAL TECH INDUSTRIES GROUP, INC."
filed_at: "2024-07-09T23:59:59+00:00"
generated_at: "2026-05-31T22:41:14.281439+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Global Tech Industries appoints Afshin Luke Rahbari as COO, future CEO effective August 1, 2024

## Summary
- Rahbari appointed COO effective May 1, 2024; will become CEO on August 1, 2024 subject to board approval.
- Employment agreement provides up to 24M shares of common stock in tranches through 2026 plus discretionary performance bonus of 10M shares.
- Performance bonus requires stock price ≥$2.00 for three consecutive months and completion of national exchange listing.
- Stock leak-out agreement restricts Rahbari from selling more than 20% of owned shares per year during tenure.
- Company also exploring purchase of 10% equity in Rahbari's firm Equity Armor Investments for shares.

## SEC filing metadata
- accession: 0001493152-24-026664
- form_type: 8-K
- cik: 0000356590
- company_name: GLOBAL TECH INDUSTRIES GROUP, INC.
- filed_at: 2024-07-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356590/000149315224026664/0001493152-24-026664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356590/000149315224026664/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-026664
- JSON: https://secwatch.observer/filing/0001493152-24-026664.json
- Plain text: https://secwatch.observer/filing/0001493152-24-026664.txt

## Key facts
- Executive change
  Afshin Luke Rahbari was appointed as Chief Executive Officer at GLOBAL TECH INDUSTRIES GROUP, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On July 2, 2024, the Company executed an at-will employment agreement (the “Agreement”) with Mr. Rahbari, which further memorialized his future appointment by the board of directors to Chief Executive Officer anticipated to occur on August 1, 2024, subject to the terms and conditions of the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/356590/000149315224026664/0001493152-24-026664-index.htm
- Executive change
  Afshin Luke Rahbari was appointed as Chief Operating Officer at GLOBAL TECH INDUSTRIES GROUP, INC..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On April 7, 2024, Global Tech Industries Group, Inc. (the “Company”) created the new executive position of Chief Operating Officer, and appointed Afshin Luke Rahbari to serve in that position effective as of May 1, 2024 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/356590/000149315224026664/0001493152-24-026664-index.htm

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