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Global Fiber Technologies, Inc. – ‘8-K’ for 12/1/20

On:  Tuesday, 12/1/20, at 4:28pm ET   ·   For:  12/1/20   ·   Accession #:  1477932-20-6992   ·   File #:  0-52047

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/01/20  Global Fiber Technologies, Inc.   8-K:4,9    12/01/20    2:99K                                    Discount Edgar/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     13K 
 2: EX-16.1     Letter re: a Change in Accountant                   HTML      4K 


‘8-K’   —   Current Report


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 C: 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 1, 2020

 

GLOBAL FIBER TECHNOLOGIES, INC

(Exact name of registrant as specified in its charter)

 

Nevada

 

000-52047

 

11-3746201

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

50 Division Street, Suite 501, Somerville, NJ 08876

(Address of principal executive offices)

 

Phone: 1-732-695-4389

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Section 4. Matters Related to Accountants and Financial Statements

 

Item 4.01. Changes in Registrant’s Certifying Accountant.

 

On December 1st, 2020 (the “Resignation Date”) LJ Soldinger Associates LLC (“LJS”) resigned as the independent registered public accounting firm for Global Fiber Technologies, Inc. (the “Company”). On December 2nd, 2020, the Company engaged Boyle CPA, (“RB”) in New Jersey, as its new independent registered public accounting firm. The change of the Company’s independent registered public accounting firm from LJS to RB was approved unanimously by our board of directors.

 

The reports of LJS on the Company’s financial statements for the two most recent fiscal years contained an unqualified opinion with a going concern emphasis of matter paragraph.

 

During the two most recent fiscal years and through the Resignation Date, there were (i) no disagreements between the Company and LJS on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement, if not resolved to the satisfaction of LJS, would have caused LJS to make reference thereto in their reports on the consolidated financial statements for such years, and (ii) no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.

 

The Company provided LJS with a copy of this Form 8-K and requested that LJS furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not LJS agrees with the above statements. A copy of such letter, dated December 1st, 2020 is attached as Exhibit 16.1.

 

During the Company’s two most recent fiscal years and in the subsequent interim period through the Resignation Date, the Company has not consulted with Boyle CPA regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither a written report nor oral advice was provided to the Company that Boyle CPA concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

16.1

 

Letter, dated December, 1st, 2020 from LJ Soldinger Associates, LLC to the Securities and Exchange Commission.

 

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

GLOBAL FIBER TECHNOLOGIES, INC

 

 

 

 

Date: December 1, 2020

By:

/s / Chris H Giordano

 

 

Chris H Giordano

 

 

 

President

 

 

 

3

 


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