Company: OMTK
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001096906-25-000515
Chunk: 28

Company: Omnitek Engineering Corp
Filing Date: 2025-04-15
Form: 10-K
Item: Item 12
Chunk 28
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 options to purchase 16,667 shares of common stock which Mr. Funk currently has or will have within 60 days the right to acquire pursuant to stock options. 

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

(3)Consists of 111,500 shares of common stock owned beneficially and of record by Mr. Maier directly, and currently vested options to purchase 350,000 shares of common stock. Does not include 10,000 shares of common stock held by Mr. Maier’s spouse. 

(4)Consists of 149,820 shares of common stock owned beneficially and of record by Mr. Palumbo directly, and currently vested options to purchase 350,000 shares of common stock.  

Page 36

Changes in Control

To the best of Omnitek’s knowledge, there are no present arrangements or pledges of Omnitek’s securities, which may result in a change in control.

Securities Authorized for Issuance Under Equity Compensation Plans

The following table sets forth information as of December 31, 2024 with respect to our equity compensation plans previously approved by stockholders and equity compensation plans not previously approved by stockholders.

Equity Compensation Plan Information

Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights

Weighted average
exercise price of
outstanding options,
warrants and rights
 
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))

Plan Category 
(a)
 
(b)
(c)

Equity compensation plans approved by stockholders
2,340,000(1)
$
0.25
3,284,444(2)

Equity compensation plans not approved by stockholders
N/A
 
N/A
N/A

Total
2,340,000
$
0.25
3,284,444

(1)Of these shares, 290,000 options are outstanding under the 2017 Plan and 2,050,000 options are outstanding under the 2015 Plan. 

(2)Represents 2,950,000 shares available for issuance under the 2017 Plan and