Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 5, 2026, Mansour Khatib resigned from the Board of Directors (the “Board”) of GBT Technologies, Inc. (the “Company”), effective as of such date. Mr.…
Filed Feb 6, 2026Accepted Feb 6, 2026, 4:06 PM ESTCIK 1471781Accession 0001731122-26-000186
GBT Technologies Inc. (OTC PINK: GTCH) is a development-stage technology company focused on the research and development of artificial intelligence (AI), Internet of Things (IoT), and intelligent platform technologies. The Company’s initiatives span integrated system architectures, predictive analytics, sensor-based platforms, and other emerging technologies intended to support scalable commercial applications. GBT Technologies pursues growth through internal development and strategic subsidiary initiatives.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 5, 2026, Mansour Khatib resigned from
the Board of Directors (the “Board”) of GBT Technologies, Inc. (the “Company”), effective as of such date. Mr.
Khatib’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations,
policies, or practices.
On February 6, 2026, immediately prior to Mr. Khatib’s
resignation as the sole member of the Board, Patrick Bertagna, the Company’s Interim Chief Executive Officer, was appointed to serve
as a director of the Company, effective upon his acceptance of such appointment, which acceptance occurred immediately prior to the filing
of this Current Report on Form 8-K. Mr. Bertagna will serve until the Company’s 2026 Annual Meeting of Stockholders, or until his
successor is duly elected and qualified, or until his earlier death, resignation, or removal.
There are no family relationships between Mr. Bertagna
and any director or executive officer of the Company. Mr. Bertagna has not been involved in any transaction with the Company that would
require disclosure under Item 404(a) of Regulation S-K.
The appointment of Mr. Bertagna to the Board was approved
by the Board pursuant to a written consent.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events
On February 5, 2026, the Company entered into a Settlement
Agreement (the “Settlement Agreement”) with a service provider. Pursuant to the Settlement Agreement, the Company settled
$180,000 in accrued and unpaid legal fees owed to the service provided for services rendered from February 2023 through January 2026 by
issuing a Convertible Promissory Note in the principal amount of $180,000 (the “Note”).
The Note matures on June 30, 2027 and bears interest
at 8% per annum (increasing to 12% upon an event of default). The Note is convertible at any time, in whole or in part, at the holder’s
option, into shares of the Company’s common stock, par value $0.00001 per share, at a conversion price equal to the lower of (i)
$0.0001 per share or (ii) 50% of the average of the ten (10) lowest closing bid prices during the ten (10) consecutive trading days immediately
preceding the conversion date, provided that the conversion price shall in no event be less than $0.00001 per share (the “Floor
Price”). The Note contains customary anti-dilution adjustments for stock splits, dividends and similar events, but the Floor Price
is not subject to adjustment. The Note includes a 4.99% beneficial ownership limitation (which may be increased to 9.99% upon 61 days’
prior notice by the holder) and may be prepaid only with the written consent of the holder. Upon issuance of the Note, all claims related
to the settled legal fees were fully released by both parties, with no admission of liability.