---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-027883"
form_type: "8-K"
ticker: "GTLL"
cik: "0000932021"
company_name: "GLOBAL TECHNOLOGIES LTD"
filed_at: "2026-06-09T17:12:07+00:00"
generated_at: "2026-06-09T17:13:21.492940+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GTLL signs binding LOI with FORCARA, appoints Bill Norton to board, reports $642.8K YTD revenue

## Summary
- Revenue $642,822 for nine months ended Mar 31, 2026; cash $38,178.
- Entered binding LOI with FORCARA; interim JV with $12.5k/mo mgmt fee and 50/50 EBITDA split.
- Appointed William Norton to Board; amended compensation to parent level.
- Issued 3 shares of Series K Super Voting Preferred Stock to CEO for governance continuity.
- Adopted new Series R Preferred Stock (250k shares) for flexible equity structure.

## SEC filing metadata
- accession: 0001493152-26-027883
- form_type: 8-K
- ticker: GTLL
- cik: 0000932021
- company_name: GLOBAL TECHNOLOGIES LTD
- filed_at: 2026-06-09T17:12:07+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027883
- JSON: https://secwatch.observer/filing/0001493152-26-027883.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027883.txt

## Key facts
- Equity Issuances
  GLOBAL TECHNOLOGIES LTD issued three shares of preferred stock to H. Wyatt Flippen.
  - Security: preferred stock
  - Shares: three shares
  - Purchaser: H. Wyatt Flippen
  source text: On June 4, 2026, the Board of Directors of Global Technologies, LTD, a Delaware corporation (the “Company”), approved the issuance of three shares of the Company’s Series K Super Voting Preferred Stock to H. Wyatt Flippen, the Company’s Chief Executive Officer and Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm
- Executive change
  William Norton was appointed as member of the Board of Directors at GLOBAL TECHNOLOGIES LTD.
  - Action: appointed
  - Role: member of the Board of Directors
  source text: On June 4, 2026, the Board of Directors of the Company appointed William “Bill” Norton to serve as a member of the Company’s Board of Directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm
- Governance Changes
  GLOBAL TECHNOLOGIES LTD: Approved Certificate of Designation for Series R Preferred Stock, authorizing 250,000 shares, to provide flexible preferred equity structure (effective 2026-06-04).
  - Change: charter amendment
  - Effective: 2026-06-04
  source text: On June 4, 2026, the Board of Directors of the Company approved the form of Certificate of Designation for a new series of preferred stock, designated as Series R Preferred Stock, and authorized the Company to file the Certificate of Designation with the Delaware Secretary of State.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm
- Material Agreements
  GLOBAL TECHNOLOGIES LTD entered into Binding Letter of Intent with FORCARA, LLC valued at $12,500 management fee per month, prorated; 50/50 EBITDA/net operating profit sharing (effective 2026-06-08).
  - Action: entry
  - Counterparty: FORCARA, LLC
  - Value: $12,500 management fee per month, prorated; 50/50 EBITDA/net operating profit sharing
  - Effective: 2026-06-08
  source text: On June 8, 2026, Global Technologies, LTD, a Delaware corporation (the “Company”), entered into a Binding Letter of Intent with FORCARA, LLC (“FORCARA”), a business development and advisory platform focused on supporting automotive repair businesses and related small business operators.
  evidence_url: https://www.sec.gov/Archives/edgar/data/932021/000149315226027883/0001493152-26-027883-index.htm

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