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GLOBAL TECH INDUSTRIES GROUP, INC.·8-K

May 26, 5:08 PM ET

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GLOBAL TECH INDUSTRIES GROUP, INC. 8-K

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GLOBAL TECH INDUSTRIES GROUP, INC. Receivership: 7th Interim Report Filed

What Happened
GLOBAL TECH INDUSTRIES GROUP, INC. (GTII) filed an 8-K on May 26, 2026 to disclose that the Court‑appointed Receiver, Paul L. Strickland, submitted a Seventh Interim Report dated April 29, 2026 (covering activity through April 21, 2026). The Receivership Order was entered by the Eighth Judicial District Court of Nevada on September 18, 2024 in the action White Rocks (BVI) Holdings Inc., et al. v. David Reichman, et al., Case No. A-24-896359-B. The report describes the Receiver’s activities and findings, including the resignation of the company’s independent registered public accounting firm, the status of audits for the fiscal years ended December 31, 2023 and December 31, 2024, ongoing accounting of misappropriated company funds, and related real-property, storage and litigation matters. The full Seventh Interim Report is filed as Exhibit 99.1 to the 8‑K.

Key Details

  • Receivership Order entered: September 18, 2024; Receiver: Paul L. Strickland.
  • Seventh Interim Report dated April 29, 2026, covering actions through April 21, 2026.
  • Report notes resignation of the Company’s independent registered public accounting firm and discusses the status of audits for FY 2023 and FY 2024.
  • Receiver continues accounting for misappropriated Company funds and addresses related real‑property, storage and pending litigation matters.

Why It Matters
The company remains under court-appointed receivership, meaning a receiver controls investigations, asset accounting and oversight of financial reporting. The auditor’s resignation and unresolved audits for 2023 and 2024 are material for investors because they can delay or complicate the release of reliable financial statements and may signal accounting or governance issues. Investors should monitor future Receiver reports and SEC filings for updates on audit completion, asset recoveries, litigation outcomes, or changes to the company’s ability to operate or report results. The full report (Exhibit 99.1) contains the Receiver’s detailed findings.

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