Company: OMTK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001096906-25-000515
Chunk: 27

Company: Omnitek Engineering Corp
Filing Date: 2025-04-15
Form: 10-K
Item: Item 12
Chunk 27
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Page 35

(2)Werner Funk, the Trustee of the Werner Funk Trust UDT 9/25/07 has sole voting and dispositive power of said shares. 

Security Ownership of Management

The following table sets forth the number of securities and nature of beneficial ownership of any class of our voting securities held by all of Omnitek’s current directors and executive officers.  

Title of Class

Name and Address of
Beneficial Owner

Number and
Nature of
Beneficial Owner

Percent of
Class

Common Stock

Werner Funk Trust
1345 Specialty Dr. #E
Vista, CA 92081

9,333,192(1) (2)
 
42.49%

Common Stock

Gary S. Maier
1345 Specialty Dr. #E
Vista, CA 92081

461,500(3)
 
2.10%

Common Stock

John M. Palumbo
1345 Specialty Dr. #E
Vista, CA 92081

499,820(4)
 
2.28%

Common Stock

Directors and Executive
Officers as a Group (3 persons)

10,294,512
 
46.87%

As of April 15, 2025, there are 21,948,091 shares of common stock outstanding.

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission (“SEC”) which generally attribute beneficial ownership of securities to person, entity or group that directly or indirectly has or shares voting power or investment power with respect to those securities and includes the power to dispose, or direct the disposition of such securities, and includes shares of our common stock issuable pursuant to the exercise of stock options, warrants, preferred stock or other securities that are immediately exercisable or convertible or exercisable or convertible within 60 days.

To calculate a stockholder’s percentage of beneficial ownership of common stock, we must include in the numerator and denominator those shares of common stock underlying options, warrants and convertible securities that such stockholder is considered to beneficially own. Shares of common stock underlying options, warrants and convertible securities held by other stockholders, however, are disregarded in this calculation. Therefore, the denominator used in calculating beneficial ownership of each of the stockholders may be different.

(1)Consists of 8,358,132 shares of common stock owned beneficially and of record by Mr. Funk directly, currently vested options to purchase 958,333 shares of common stock, and