-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O5LY1H9unPR99FSS/plz/xTvt5FZ117fa3yhAgmwDr0H19jCJ89OHBQLMPllXdP8 WT2OfcfkwsTweO5gmn+c3g== 0001211524-10-000223.txt : 20101112 0001211524-10-000223.hdr.sgml : 20101111 20101112092244 ACCESSION NUMBER: 0001211524-10-000223 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101020 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101112 DATE AS OF CHANGE: 20101112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABAKAN, INC CENTRAL INDEX KEY: 0001400000 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 980507522 STATE OF INCORPORATION: NV FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52784 FILM NUMBER: 101183186 BUSINESS ADDRESS: STREET 1: 2829 BIRD AVENUE STREET 2: SUITE 12 CITY: MIAMI STATE: FL ZIP: 33133 BUSINESS PHONE: 786-206-5368 MAIL ADDRESS: STREET 1: 2829 BIRD AVENUE STREET 2: SUITE 12 CITY: MIAMI STATE: FL ZIP: 33133 FORMER COMPANY: FORMER CONFORMED NAME: Waste to Energy Group Inc. DATE OF NAME CHANGE: 20080905 FORMER COMPANY: FORMER CONFORMED NAME: Your Digital Memories Inc DATE OF NAME CHANGE: 20070518 8-K 1 kappointchew.htm kappointchew.htm - Generated by SEC Publisher for SEC Filing

 

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): October 20, 2010

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.)

 

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

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (786) 206-5368

     2829 Bird Avenue, Suite 12, 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 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
    DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

 

(d) Effective August 20, 2010, the board of directors of Abakan, Inc. (the "Corporation") appointed

James S. B. Chew to serve as a director of the Corporation.

Prior to joining the Corporation Mr. Chew served as the Vice President of SAIC’s (NYSE: SAI) Space Systems Development Division. His responsibilities with SAIC included leadership of a 146 person, $50M/year, operation that is developing and demonstrating hardware and capabilities for DoD Space Operations. He is also currently Vice President of Business Development at MesoCoat, Inc. (MesoCoat), which company’s common stock is 34% owned by the Corporation.

Mr. Chew has twenty-eight years of experience in the aerospace, automotive, and education fields. Prior to joining SAIC, he served as a propulsion engineer for Boeing Aerospace Company, senior engineer for SPARTA, program manager for U.S. Air Force Rocket Propulsion Lab, Director of Rocket Propulsion Technology Plans and Programs for the U.S. Air Force’s Phillips Laboratory, Assistant Staff Specialist for Weapons Technology for the U.S. Office of the Secretary of Defense, and the Deputy Director of Air and Surface Weapons Technology for the U.S. Office of Naval Research.

Mr. Chew also served as Exide Technologies’ (Nasdaq:XIDE)Vice President for its Military and Specialty Global Business Unit, Chrysler Corporation’s Product Marketing Consultant for its Dodge Division, QWIP Technologies’ Chief Operating Officer, General Motor’s American Tuner Program Manager, T/J Technologies’ Chief Operating Officer, and ATK’s (NYSE: ATK) Vice President of Science and Technology.

Mr. Chew earned his Bachelor of Science degree in Mechanical Engineering from the California State Polytechnic University, Pomona and a Master of Science degree in Systems Management from the University of Southern California. Mr. Chew is also a graduate of the Stanford Executive Engineering Program and the Defense Systems Management College Advanced Program Management Program. He is a DoD Level 3 certified acquisition professional and a DoD Level 3 System, Planning, Development, Research and Engineering professional.

The Corporation has not at this time determined if Mr. Chew will serve on any standing committee.

The Corporation has granted Mr. Chew options to purchase 200,000 shares of the Corporation’s common stock, that vest in equal parts over three years commencing on October 19, 2011, at an exercise price of $0.65 per share for a period of ten years from the date of grant. Mr. Chew has an employment agreement with MesoCoat.

Mr. Chew has not entered into any other agreement, arrangement or understanding with the Corporation or any other persons in connection with his appointment to the Corporation’s board of directors.

Mr. Chew is not related to any members of the Corporation’s board of directors.

ITEM 7.01

REGULATION FD DISCLOSURE

 

 

The information contained herein includes a press release attached to this current report in Item 9.01 as Exhibit 99 which is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is “furnished” and not “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. However, this information may be incorporated by reference in another filing under the Exchange Act or the Securities Act only if, and to the extent that, such subsequent filing specifically references the information incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)      The following exhibit is filed herewith:
  Exhibit      No. Description
  99      Press release dated November 1, 2010 regarding the appointment of Mr. Chew.

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.

By: /s/ Robert Miller

Name: Robert Miller

Title: Chief Executive Officer

Date

November 9, 2010

 

 
 EX-99 2 exhibit99.htm PRESS RELEASE exhibit99.htm - Generated by SEC Publisher for SEC Filing

Press Release

Defense and Aerospace Veteran James Chew Joins Abakan’s Board of Directors

MIAMI--(BUSINESS WIRE)--Abakan Inc. (ABKI) is pleased to announce that Mr. James Chew will be joining Abakan’s Board of Directors. He has also entered into a consulting contract with their subsidiary, MesoCoat, Inc. Mr. Chew has twenty-seven years of broad technical and business development experience in the Defense, NASA/Space, Aerospace, Marine and Automotive markets. The engineering and product marketing skills he developed while working for Boeing and Chrysler Corporations paved his success on several senior management positions with the Federal Department of Defense, Office of Naval Research and Air Force Technology Research Laboratory giving him broad knowledge of the material sciences needs of US and other government agencies. His contacts in these agencies proved useful later in his career when he took on senior business development roles at top Department of Defense prime contractors; including ATK and most recently SAIC where he led their space division. Mr. Chew will provide industry development support to Abakan as well as champion business development efforts for all of MesoCoat’s solutions initially focusing on their PComP chrome and tungsten carbide replacement products. Many of these products have been partially funded by government agencies that Mr. Chew has worked with.

“We needed someone with James’ defense credentials to both structure and close large deals and make sure that we meet all the contractual obligations of large government buyers. However, James is also well known in the commercial sectors. As the 2009 Cal Poly Pomona College of Engineering”

According to Robert Miller, CEO of Abakan Inc., “Successful companies need to not only have innovative products and services like those developed at MesoCoat and Powdermet, they also need very experienced, high-caliber managers with significant industry credentials and relationships to get those products to market. As current Chairman of the National Defense Industry Associate Science, Engineering and Technology Division, Mr. Chew brings those credentials to Abakan and brings an additional dimension to our Board of Directors which already has excellent representation from Oil and Gas experts. He also brings the perspective of someone who has led business developments efforts at a small firm. In his prior experience at T/J Technologies, he led an SBIR funded startup company from an unknown R&D materials development firm to an industry leader in nano-lithium iron phosphate cathodes in a short time frame. I expect he will assist Abakan’s BOD to bring the same sales focus to Abakan’s family of solutions many of which we expect will be well accepted by the Defense and Aerospace sectors.”

Andrew Sherman, CEO of MesoCoat, states, “We needed someone with James’ defense credentials to both structure and close large deals and make sure that we meet all the contractual obligations of large government buyers. However, James is also well known in the commercial sectors. As the 2009 Cal Poly Pomona College of Engineering "Distinguish Alumnus," he brings significant credibility to any business development opportunity because of his exceptional engineering expertise.”

According to Mr. Chew, “Abakan has invested in some very innovative technologies and I look forward to advising them on how to position these products in the industries I am intimately familiar with. MesoCoat’s corrosion protection materials in the chrome replacement and marine corrosion markets are just as disruptive as the nano-iron-phosphate cathode material was to the Aerospace/Defense energy storage market. With future DOD budgets focused on sustaining current platforms rather than developing or producing new ones, MesoCoat offers government agencies the ideal environmentally friendly anti-corrosion/wear resistant material solutions they need today to comply with federal mandates.”

 

 

About Abakan Inc.

Abakan invests in companies that develop transformational surface modification solutions and technologies. Current portfolio investments include two Ohio based companies, MesoCoat, Inc. and Powdermet Inc. MesoCoat is fast becoming a world leader in metal protection and repair through their “long life” cermet coatings and “high speed” metallurgical cladding technologies. MesoCoat’s solutions have already been the recipient of three prestigious R&D 100 awards, a Technology Innovation Program Award (TIP) for 100 year life coatings by the National Institute of Standards and Technology (NIST), and the NorTech Innovation Award for high performance environmentally friendly coating materials. Powdermet’s Nanomaterials Research and Manufacturing Center is the go-to-research center for US government agencies seeking expertise in high end ceramic and nanotechnology metal segments. They are currently developing two market solutions including next generation materials that have 3 to 5 times the strength and hardness of current metal alloys as well as light weight, energy absorbing materials.

Forward Looking Statements

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including technological obsolescence, market acceptance of future products, competitive market conditions, and the sufficiency of capital resources. The actual results Abakan may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Abakan encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. Abakan’s public filings may be viewed at www.sec.gov.

Contacts

Abakan Inc.
Robert Miller, Chief Executive Officer, 786-206-5368
robert.miller@abakaninc.com

 

 

 

 
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