---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-24-001071"
form_type: "8-K"
ticker: "OMTK"
cik: "0001404804"
company_name: "Omnitek Engineering Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:20:08.808838+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Omnitek renews CEO employment for 3 years; grants 300,000 stock options to CEO and 50,000 each to two directors

## Summary
- Renewed employment agreement with Werner Funk as President/CEO for 3-year term through May 3, 2027, with $150,000 annual base salary.
- Granted CEO option to purchase 300,000 shares at $0.015 (110% of May 3 close), vesting 1/36 monthly over 3 years, exercisable for 7 years.
- On April 25, 2024, granted independent directors Gary S. Maier and John M. Palumbo each options for 50,000 shares at $0.0160, immediately vested, 7-year term.
- Also on April 25, granted CEO Funk (as director) option for 50,000 shares at $0.0176 (110% of close), immediately vested, 7-year term.

## SEC filing metadata
- accession: 0001096906-24-001071
- form_type: 8-K
- ticker: OMTK
- cik: 0001404804
- company_name: Omnitek Engineering Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1404804/000109690624001071/0001096906-24-001071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1404804/000109690624001071/omtk-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-24-001071
- JSON: https://secwatch.observer/filing/0001096906-24-001071.json
- Plain text: https://secwatch.observer/filing/0001096906-24-001071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.