abakan inc (ABKI) Key Developments
Ray Tellini Resigns from its Board of Directors, Head of its Audit Committee, Compensation Committee, Nominating & Governance Committee and Compliance & Ethics Committee of Abakan Inc
Sep 28 15
On September 16, 2015, Ray Tellini resigned his position on the board of directors and as head of its audit committee for Abakan Inc. Mr. Tellini also served as a member of the company's compensation committee, nominating & governance committee and compliance & ethics committee. The resignation was predicated on alleged failures in corporate governance, conflict with management, deficiencies in internal controls and inadequate public disclosure.
Abakan, Inc. announced delayed annual 10-K filing
Aug 31 15
On 08/31/2015, Abakan, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Abakan, Inc. Announces Resignation of Skoda Minotti as Independent Registered Public Accounting Firm
Jul 6 15
On June 22, 2015, Abakan Inc.’s independent registered public accounting firm Skoda Minotti resigned as its independent registered public accounting firm.
Abakan Inc. Receives Orders for Coating ‘Lances’
Jun 10 15
Abakan Inc. has received orders for coating ‘lances’ which are used heavily in iron ore production and anticipates trial orders for coating tuyeres, pumps, clad plates, turbines and other manufacturing components.
Abakan, Inc. Announces Executive Changes
Jun 2 15
Abakan Inc. reported that Costas M. Takkas, the company’s CFO has been detained in Switzerland, based on an indictment issued by the U.S. District Court, Eastern District of New York charging him with certain activities unrelated to his position with Abakan with effect from May 29, 2015. Based on this development, Abakan has suspended Mr. Takkas from undertaking any further responsibilities as its CFO. Meanwhile, Robert Miller, Abakan’s CEO will now also act as interim CFO.