---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-030285"
form_type: "8-K"
ticker: null
cik: "0000356590"
company_name: "GLOBAL TECH INDUSTRIES GROUP, INC."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:15:54.840598+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-030285
- form_type: 8-K
- cik: 0000356590
- company_name: GLOBAL TECH INDUSTRIES GROUP, INC.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356590/000149315224030285/0001493152-24-030285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356590/000149315224030285/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-030285
- JSON: https://secwatch.observer/filing/0001493152-24-030285.json
- Plain text: https://secwatch.observer/filing/0001493152-24-030285.txt

## Key facts
- Executive change
  David Reichman retired as Chief Executive Officer at GLOBAL TECH INDUSTRIES GROUP, INC..
  - Action: retired
  - Role: Chief Executive Officer
  source text: David Reichman, who has retired, subsequent to a previously approved succession plan, effective August 1, 2024, from his role as Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/356590/000149315224030285/0001493152-24-030285-index.htm
- 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: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/356590/000149315224030285/0001493152-24-030285-index.htm

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