STOCK TITAN

Omnitek Engineering sells alternative-fuel assets

The company also reported a transition to North Carolina ready-mix operations and a $632,273 back-salary waiver by Werner Funk.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Omnitek Engineering Corp. completed an Asset Purchase Agreement with Omnitek Corp. on October 2, 2026, selling substantially all assets related to developing and selling proprietary technology to convert diesel engines to alternative fuel, new alternative-fuel engines, and complementary products. Omnitek Corp. assumed all liabilities and contracts associated with the Purchased Assets.

At the closing, Werner Funk, identified as Buyer Executive, terminated his employment agreement and forgave and waived $632,273 in back salary and all debts the company owed him. After the closing of this sale and the acquisition of Hard Rock Ready Mix, LLC, the company said it had transitioned its business to ready-mix operations in North Carolina.

As of October 2, 2026, Kevin Jay Hayes Jr. was listed as president and CEO, CFO, and secretary; Werner Funk as vice president; and the directors as Kevin Jay Hayes Jr., Werner Funk, Brett Kiker, Gary S. Maier, and John M. Palumbo.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Back salary forgiven and waived $632,273 Werner Funk waived this amount when the transaction closed on October 2, 2026.
Asset sale closing date October 2, 2026 The Asset Purchase Agreement transaction closed on this date.
Asset Purchase Agreement financial
"entered into an Asset Purchase Agreement with Omnitek Corp."
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
Purchased Assets financial
"contracts associated with the Purchased Assets"
ready-mix business technical
"transitioned its business to operations in the ready-mix business"
back salary financial
"forgave and waived the back salary of $632,273"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What assets did OMTK sell to Omnitek Corp.?

Omnitek Engineering Corp. sold substantially all assets related to developing and selling technology to convert diesel engines to alternative fuel, new alternative-fuel engines, and complementary products. Omnitek Corp. assumed the liabilities and contracts associated with those assets.

How much back salary did Werner Funk waive for OMTK?

Werner Funk forgave and waived $632,273 in back salary and all debts the company owed him when the transaction closed on October 2, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0001404804 false 0001404804 2026-10-02 2026-10-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  October 2, 2026

 

OMNITEK ENGINEERING CORP.

(Exact name of Registrant as specified in its charter)

 

California

(State or Other Jurisdiction of Incorporation)

 

000-53955

33-0984450

(Commission File Number)

(IRS Employer Identification No.)

 

1501 N. Carlotte Avenue, Suite B203, Monroe, NC 28110

(Address of principal executive offices, Zip Code)

 

(980) 500-2662

(Registrant’s telephone number, including area code)

 

1280 Activity Dr. # D, Vista, California 92081

(Former Name or Former Address, if Changed Since Last Report)

                  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

☐

Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

☐

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbols(s)

Name of each exchange on which registered

N/A

 

 


Page 1


 

Item 1.01Entry into a Material Definitive Agreement. 

 

On October 2, 2026, Omniteck Engineering Corp. (the “Company”) entered into an Asset Purchase Agreement with Omnitek Corp. (“Buyer”), and Werner Funk as Buyer Executive, pursuant to which the Company sold to Buyer substantially all of the assets of the Company related to the business operations of Company as they relate to the development and sales of proprietary technology to convert diesel engines to an alternative fuel, new alternative fuel engines, and complementary products.  Under the Asset Purchase Agreement, the Buyer assumed all liabilities, contracts associated with the Purchased Assets as defined in the Asset Purchase Agreement. The transactions contemplated by the Asset Purchase Agreement closed on October 2, 2026.

 

The foregoing description of the Asset Purchase Agreement is qualified in its entirety by reference to the Preferred Purchase Agreement filed as Exhibits 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

 

Also on October 2, 2026 and with the closing of the transaction contemplated by the aforementioned Asset Purchase Agreement, Werner Funk, terminated his employment agreement with the Company and forgave and waived the back salary of $632,273 and all debts owing by the Company to Mr. Funk

 

Item 8.01 Other events 

 

As a result of the closing of the acquisition of Hard Rock Ready Mix, LLC and the Asset Purchase Agreement, the Company has transitioned its business to operations in the ready-mix business located in North Carolina.

 

As of the date of this Current Report on Form 8-K, the officers and directors of the Company are:

 

 

Officers:

 

 

President and CEO

Kevin Jay Hayes Jr.

 

Vice President

Werner Funk

 

Chief Financial Officer

Kevin Jay Hayes Jr.

 

Secretary

Kevin Jay Hayes Jr.

 

 

 

 

Directors:

 

 

Kevin Jay Hayes Jr.

 

 

Brett Kiker

 

 

Werner Funk

 

 

Gary S. Maier

 

 

John M. Palumbo

 

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS 

 

3. Exhibits. The following exhibits are either filed as a part hereof or are incorporated by reference. Exhibit numbers correspond to the numbering system in Item 601 of Regulation S-K. 

 

Exhibit Number

 

Description of Exhibit

10.1

  

Asset Purchase Agreement


Page 2


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

 

 

 

 

Omnitek Engineering Corp.

 

 

 

 

 

 

Dated: October 2, 2026

 

/s/ Kevin Jay Hayes Jr.

 

 

By: Kevin Jay Hayes Jr.

 

 

Title:  President and CEO


Page 3

Filing Exhibits & Attachments

5 documents

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