OMTK · Omnitek Engineering Corp · Executive Compensation
Substantial doubt about the company's ability to continue as a going concern.
“These uncertainties cast substantial doubt upon the Company's ability to continue as a going concern for a period of one year from the issuance of these financial statements.”View the 10-Q filed Aug 19, 2026
8 customers — 94% of revenue (the year ended December 31, 2025)
“Approximately eight customers accounted for 94% of revenue for the year ended December 31, 2025, and loss of any of these customers could adversely affect our results of operations, financial condition, and profitability.”
4 customers — 87% of revenue (the year ended December 31, 2025)
“During the year ended December 31, 2025 four customers accounted for approximately 87% of sales.”
2 customers — 77% of revenue (the year ended December 31, 2025)
“During the year ended December 31, 2025, two customers accounted for approximately 77% of sales.”
4 customers — 72% of revenue (the year ended December 31, 2024)
“During the year ended December 31, 2024, four customers accounted for approximately 72% of sales.”
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
| Executive | Role | Total |
|---|---|---|
| Werner Funk | CEO, President, and Secretary | $153,771 |
| Executive | Role | Total |
|---|---|---|
| Werner Funk | CEO, President, and Secretary | $151,795 |
| Executive | Role | Total |
|---|---|---|
| Werner Funk | CEO, President, and Secretary | $138,227 |
| Executive | Role | Total |
|---|---|---|
| Werner Funk | CEO, President, and Secretary | $133,712 |
| Executive | Role | Total |
|---|---|---|
| Werner Funk | CEO, President, and Secretary | $110,579 |
| Executive | Role | Total |
|---|---|---|
| Werner Funk | CEO, President, and Secretary | $9,058 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| John M. Palumbo | directors | Resigned | 2026-10-19 |
| Gary S. Maier | directors | Resigned | 2026-10-19 |
| Werner Funk | Secretary | Resigned | 2026-10-02 |
| Kevin Jay Hayes Jr. | Secretary | Appointed | 2026-10-02 |
| Werner Funk | President, CEO, CFO and Secretary | Resigned | 2026-10-02 |
| Kevin Jay Hayes Jr. | President, CEO, CFO and Secretary | Appointed | 2026-10-02 |
| Werner Funk | Vice President | Appointed | 2026-10-02 |
| Kevin Jay Hayes Jr. | President, CEO, CFO and Secretary | Appointed | 2026-10-02 |
| Werner Funk | President, CEO, CFO and Secretary | Resigned | 2026-10-02 |
| Brett Kiker | director | Appointed | 2026-10-02 |
| Kevin Jay Hayes Jr. | director | Appointed | 2026-10-02 |
Leadership
- Kevin Jay Hayes Jr. CEO, CFO, Board Member
- Brett Kiker Board Member
- Werner Funk Board Member