Company: OMTK
Filing Date: 2025-04-16
Form Type: 10-K/A
Source: 0001096906-25-000528
Chunk: 43

Company: Omnitek Engineering Corp
Filing Date: 2025-04-16
Form: 10-K/A
Chunk 43
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 Ethics shall be available on Omnitek’s website at www.omnitekcorp.com. Audit Committee and Audit Committee Financial Expert Our board of directors is comprised of three directors, two of which are outside independent directors and make up the audit committee. John M. Palumbo, considered an audit committee financial expert, chairs our audit committee. ITEM 11. EXECUTIVE COMPENSATION Summary Compensation Table The following table sets forth the compensation paid to our Chief Executive Officer and those executive officers that earned in excess of $100,000 during the periods ended December 31, 2024, and 2023, (collectively, the “Named Executive Officers”):

| Name and Principal Position   | Year Ended Dec. 31 |   |  Salary 
     ($) | Stock Award(s) 
 ($)            |   | Option Awards 
           ($) | Non-Equity Incentive Plan Compensation |   | All Other Compensation 
 ($)                    |   |   Total 
     ($) |
|:------------------------------|-------------------:|:--|--------:|:---------------|:--|--------------:|:---------------------------------------|:--|:-----------------------|:--|--------:|
| (a)                           |                 -b |   |      -c | -e             |   |            -f | -g                                     |   | -i                     |   |      -j |
| Werner Funk                   |               2024 | $ | 150,000 | -              | $ |         3,771 | -                                      | $ | -                      | $ | 153,771 |
| CEO, President, and Secretary |               2023 | $ | 150,000 | -              | $ |         1,795 | -                                      | $ | -                      | $ | 151,795 |

Narrative Disclosure to Summary Compensation Table On April 18, 2022, in consideration of the services as director, the Corporation hereby grant to Werner Funk, a Non-Qualified Stock Option pursuant to the 2017 Long-Term Incentive Plan, to purchase 50,000 shares of common stock, at an exercise price of $0.05841 representing 110% of the closing price of the common stock of the Corporation as of April 15, 2022; Said Options shall vest and be exercisable immediately and shall be exercisable for a period of seven years from the date of grant. On April 18, 2023, the Company granted to Werner Funk, President