UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): September 29, 2015

ABAKAN INC.

(Exact name of registrant as specified in its charter)

Nevada

000-52784

98-0507522

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

c/o Robert W Seiden, Receiver for Abakan, Inc. : 1120 Avenue of the Americas,4th Floor, New

York, New York, 10036

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (212) 626-6709

2665 S. Bayshore Drive, Suite 450, Miami, Florida 33133

(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:

□

Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR

240.14d-2(b))

□

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

240.13e-4(c))

ITEM 8.01

OTHER EVENTS.

Securities and Exchange Commission Subpoenas

As previously disclosed, on or about November 21, 2014, Abakan Inc. (“Abakan”) received a subpoena

related to a non-public fact finding inquiry from the Securities and Exchange Commission (“Commission”).

On or about September 29, 2015 and October 5, 2015, Abakan received further subpoenas from the

Commission relating to the Commission’s inquiry.

Suspension of Product Line by Abakan’s Subsidiary MesoCoat, Inc. and Interim CEO appointed

Abakan's subsidiary MesoCoat, Inc. (“MesoCoat”) has been revamping, focusing on preservation of assets

and creating a pathway to profitability under Abakan’s receivership. As a result, a non-profitable product

line was recently suspended, resulting in the layoff of a handful of employees related to this product line,

including MesoCoat’s Chief Executive Officer, Stephen Goss. Mr. Goss is still currently serving as the

Chief Operating Officer and a director of Abakan.

The receiver Mr. Seiden has placed more focus on the company becoming profitable while building long

term growth. Richard J. Burns has been appointed Interim CEO of MesoCoat and additional new personnel

are being considered. Mr. Burns, who served briefly in 2013 as MesoCoat’s Chief Operating Officer, re-

joins MesoCoat with more than two decades of executive and corporate leadership experience. He has

previously successfully led engineering materials companies in Asia, Europe, South America and Mexico.

Mr. Burns previously served as the Vice President and General Manager of North American Engineered

Materials for PolyOne Corp., where he led the company to higher-margin products. He holds a graduate

degree in engineering management from Northeastern University.

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.

Abakan Inc.

Date

By: /s/ Robert Seiden

October 9, 2015

Name: Robert Seiden

Court Appointed Receiver

ABAKAN, INC 8-K