Company: OMTK
Filing Date: 2025-04-16
Form Type: 10-K/A
Source: 0001096906-25-000528
Chunk: 38

Company: Omnitek Engineering Corp
Filing Date: 2025-04-16
Form: 10-K/A
Chunk 38
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’s framework. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. As a result of our assessment, we have determined that the Company has a material weakness that relates to a lack of segregation of duties. Management believes that the material weaknesses set forth above did not have any effect on the Company’s financial results. This Annual Report does not include an attestation report of the company's registered public accounting firm regarding internal control over financial reporting. Remediation Plan for the Material Weaknesses Management has been engaged in developing remediation plans to address the above material weaknesses. In order to address and resolve these deficiencies we are researching the options available given our financial means to do the following: (1) hire outside consultants to review the Company’s financial statements for complex transactions. As we continue to evaluate and work to improve our internal control over financial reporting, we may determine to take additional measures to address the material weaknesses or determine to supplement or modify the remediation measures described above. Page 28 Changes in Internal Control Over Financial Reporting There have been no changes in internal control over financial reporting that occurred during our fourth fiscal quarter of 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. ITEM 9B. OTHER INFORMATION None ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS Not Applicable. Page 29 PART III. ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE Directors and Executive Officers Our current directors and executive officers are as follows:

| Name            |     | Age |     | Positions and Offices                                                | Directorship Term | Period of Service       
 as a Director           |
| Werner Funk     |     |  66 |     | President, CEO, Secretary, Principal Accounting Officer and Director | One Year          | May 2001 to Present     |
| Gary S. Maier   |     |  71 |     | Director                                                             | One Year          | August 2012 to Present  |
| John M. Palumbo |     |  69 |     | Director                                                             | One Year          | October 2013 to Present |

Term of Office All of the Company’s directors hold office until the next annual general meeting of the shareholders or until their successors are elected and