Company: OMTK
Filing Date: 2025-08-08
Form Type: DEF 14A
Source: 0001096906-25-001247
Chunk: 11

Company: Omnitek Engineering Corp
Filing Date: 2025-08-08
Form: DEF 14A
Chunk 11
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 on its review of the copies of such forms filed with the SEC electronically, received by the Company and representations from certain reporting persons, the Company believes that for the fiscal year ended December 31, 2024, all the officers, directors and more than 10% beneficial owners complied with the above described filing requirements. Information about the Board of Directors and Its Committees During the fiscal year 2024, four meetings of the Board of Directors were held. The Board took action by unanimous written consent on four occasions. During the fiscal year 2023 four meetings of the Board of Directors were held. The Audit Committee held one meeting. The Board took action by unanimous written consent on four occasions. The Board of Directors serves as the Compensation Committee (the “Compensation Committee”), and as Administrator (the “Plan Administrator”) of the 2017 Long-Term Incentive Plan, the 2015 Long-Term Incentive Plan and the 2011 Long-Term Incentive Plan. The Compensation Committee reviews and makes recommendations regarding annual compensation for Company officers. The Plan Administrator reviews and affects the grant of options under the Company’s 2017 Long-Term Incentive Plan (the “2017 Plan”), and 2015 Long-Term Incentive Plan (the “2015 Plan”) by execution of instruments in writing in a form approved by the Stock Option Committee. Subject to the express terms and conditions of the 2017 Plan and 2015 Plan (the “Incentive Plans”), the Plan Administrator shall have full power to construe the Incentive Plans and the terms of any option granted under the Incentive Plans, to prescribe, amend and rescind rules and regulations relating to the Incentive Plans or options and to make all other determinations necessary or advisable for the Incentive Plans’ administration. Audit Committee and Audit Committee Financial Expert Our board of directors is comprised of three directors, two of which are outside independent directors, and comprise our audit committee. John M. Palumbo, considered an audit committee financial expert, chairs our audit committee. Code of Ethics On August 3, 2012, Omnitek, in accordance with Section 406 of the Sarbanes-Oxley Act of 2002 adopted a Code of Ethics that applies to its principal executive officer, principal financial officer, and principal accounting officer that is reasonably designed to deter wrongdoing and to promote: ·Honest and ethical conduct, including ethical handling of actual or apparent conflicts of interest between personal and professional relationship;