{"url_path":"/sec/cik-0000356590/8-k/2026-07-20/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/356590/0001493152-26-033896-index.html","accession_number":"0001493152-26-033896","cik":"0000356590","ticker":null,"issuer_name":"GLOBAL TECH INDUSTRIES GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/356590/0001493152-26-033896-index.html","primary_entity_key":"0000356590","primary_entity_name":"GLOBAL TECH INDUSTRIES GROUP, INC."},"word_count":336,"has_tables":true,"body_markdown":"**Item\n8.01. Other Events.**\n\n \n\nAs\npreviously disclosed, on September 18, 2024, the Eighth Judicial District Court of the State of Nevada in and for Clark County (the “Court”)\nentered an Order Appointing Receiver in the action styled *White Rocks (BVI) Holdings Inc., et al. v. David Reichman, Kathy M. Griffin,\nFrank Benintendo, Donald Gilbert, et al., Global Tech Industries Group, Inc., as Nominal Defendant*, Case No. A-24-896359-B (the “Receivership\nOrder”), appointing Paul L. Strickland as the Court-Appointed Receiver (the “Receiver”) of Global Tech Industries Group,\nInc. (the “Company” or “GTII”).\n\n \n\nOn\nJuly 17, 2026, the Receiver filed with the Court a Receiver’s Comprehensive Status Report and Consolidated Report of Investigation,\nAdministration, and Going-Forward Plan (the “Comprehensive Status Report”), a copy of which is filed as Exhibit 99.1 to,\nand incorporated by reference in, this Current Report on Form 8-K. The action has been reassigned to Department 15 of the Court.\n\n \n\nThe\nComprehensive Status Report consolidates and synthesizes the Receiver’s First through Seventh Interim Reports and states the estate’s\ncurrent status and the Receiver’s going-forward plan. Among other things, the Comprehensive Status Report describes how the Receivership\ncame to be and the nature and business of GTII; the results of the Receiver’s investigation into the conduct of the Company’s\nformer officers, directors, and affiliated professionals; the cash and stock assets the Receiver has marshaled and the settlements and\nrecoveries achieved to date; the status of the Company’s audit for the fiscal years ended December 31, 2023 and December 31, 2024\nand the Company’s return to Securities and Exchange Commission reporting compliance; the claims asserted against the estate; the\nCourt’s Freeze Order and related disputed-share Transfer Order; the Receiver’s fees and administration of the estate; and\nthe Receiver’s plan for concluding the Receivership on terms intended to preserve and enhance value for GTII’s public shareholders,\nincluding the settlement, audit, investigation, and pending transaction workstreams. The foregoing description is qualified in its entirety\nby reference to the full text of the Comprehensive Status Report filed as Exhibit 99.1 hereto."}