Luke Rahbari Appointed CEO of Global Tech Industries, Replacing David Reichman

GLOBAL TECH INDUSTRIES GROUP, INC.

Luke Rahbari appointed CEO effective Aug 1, 2024; David Reichman retired as CEO, remains Chairman.
Rahbari served as COO since May 1, 2024; board unanimously confirmed appointment on July 31, 2024.
Compensation includes up to 24M shares through FY 2026 and potential 10M share performance bonus.
Reichman will support Rahbari during transition and expressed confidence in his leadership.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

David Reichman

Chief Executive Officer

GLOBAL TECH INDUSTRIES GROUP, INC.

Effective: 2024-08-01
Successor: Afshin Luke Rahbari
Filed: August 5, 2024, 7:59 PM ET

David Reichman, who has retired, subsequent to a previously approved succession plan, effective August 1, 2024, from his role as Chief Executive Officer.

Appointed

Afshin Luke Rahbari

Chief Executive Officer

GLOBAL TECH INDUSTRIES GROUP, INC.

Effective: 2024-08-01
Filed: August 5, 2024, 7:59 PM ET

Effective as of August 1, 2024, Global Tech Industries Group, Inc.’s (the “Company”) board of directors (the “Board”) appointed Afshin Luke Rahbari as the Chief Executive Officer and member of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Reichman retired as Chief Executive Officer at GLOBAL TECH INDUSTRIES GROUP, INC..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

David Reichman, who has retired, subsequent to a previously approved succession plan, effective August 1, 2024, from his role as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Afshin Luke Rahbari was appointed as Chief Executive Officer at GLOBAL TECH INDUSTRIES GROUP, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Effective as of August 1, 2024, Global Tech Industries Group, Inc.’s (the “Company”) board of directors (the “Board”) appointed Afshin Luke Rahbari as the Chief Executive Officer and member of the Board

View on SEC.gov

Source: SEC EDGAR

accession 0001493152-24-030285

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