Omnitek Engineering Corp: sells engine-conversion assets

What happened On Oct 2, 2026, Omnitek Engineering Corp entered into an Asset Purchase Agreement with Omnitek Corp and Werner Funk as Buyer Executive and sold to Buyer substantially all of the assets related to the development and sales of proprietary technology to convert diesel engines to an alternative fuel, new alternative fuel engines, and complementary products. The filing reports the transactions contemplated by the Asset Purchase Agreement closed on Oct 2, 2026. Also on Oct 2, 2026, 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.

Key details

• Buyer: Omnitek Corp, with Werner Funk as Buyer Executive; transaction closed on Oct 2, 2026.
• The Buyer assumed all liabilities and contracts associated with the Purchased Assets, as defined in the Asset Purchase Agreement.
• Werner Funk terminated his employment agreement and forgave $632,273 in back salary and all debts owed by the Company to him.
• The Company reported it has transitioned its business to ready-mix operations in North Carolina following the closing of the acquisition of Hard Rock Ready Mix, LLC; officers and directors were listed in the filing (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).

Why it may matter This Form 8-K reports Item 1.01 (entry into a material definitive agreement) covering the Asset Purchase Agreement that sold substantially all of the Company’s engine-conversion related assets, and Item 8.01 (other events) describing the company’s transition to ready-mix operations in North Carolina and its current officers and directors. The filing does not show why the insider traded or why the company acted.