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 1629, 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,~~

York, New York, 10036

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (~~786~~212) ~~206~~626-~~5368~~6709

~~n/a~~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))

1ITEM 8.01

~~ITEM~~OTHER 5EVENTS.02

~~DEPARTURE~~Securities OFand ~~DIRECTORS~~Exchange ORCommission ~~CERTAIN OFFI CERS; ELECTION OF~~Subpoenas

~~DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY~~As previously disclosed, on or about November 21, 2014, Abakan Inc. (“Abakan”) received a subpoena

~~ARRANGEMENTS~~related OFto ~~CERTAIN~~a ~~OFFI~~non-public ~~CERS~~fact finding inquiry from the Securities and Exchange Commission (“Commission”).

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

OnCommission ~~September~~relating ~~16,~~to ~~2015, Ray Tellini resigned his position on~~ the ~~board~~Commission’s ~~of directors and as head of~~inquiry.

~~its~~Suspension ~~audit~~of ~~committee~~Product ~~for~~Line by Abakan’s ~~Inc.~~Subsidiary ~~(“Company”).~~MesoCoat, MrInc. ~~Tellini~~and ~~also~~Interim ~~served~~CEO ~~as a member of the Company’s~~appointed

~~compensation~~Abakan's ~~committee~~subsidiary MesoCoat, ~~nominating~~Inc. (“MesoCoat”) &has ~~governance~~been ~~committee~~revamping, ~~and~~focusing ~~compliance~~on &preservation ~~ethics~~of ~~committee. The~~assets

~~resignation was predicated on alleged failures in corporate governance~~and creating a pathway to profitability under Abakan’s receivership. As a result, ~~conflict with management,~~ a non-profitable product

~~deficiencies~~ line was recently suspended, resulting in ~~internal controls and inadequate public disclosure.~~ ~~A copy~~ the layoff of ~~Mr. Tellini’s resignation~~ a handful of employees related to this product line,

~~letter is attached herewith as Exhibit 17~~including MesoCoat’s Chief Executive Officer, Stephen Goss.~~1 to this~~ ~~report on Form 8-K~~Mr. Goss is still currently serving as the

~~The~~Chief ~~Company~~Operating ~~provided~~Officer ~~Mr.~~and ~~Tellini with~~ a ~~copy~~director of ~~this report on Form 8-K prior to its filing with the~~Abakan.

~~Securities and Exchange Commission and requested that~~ The receiver Mr. Seiden has placed more focus on the company becoming profitable ~~Tellini furnish it with a letter addressed to~~while building long

~~the~~term ~~Company~~growth. ~~stating~~Richard ~~whether~~J. heBurns ~~agrees~~has ~~with~~been ~~the~~appointed ~~statements~~Interim ~~made~~CEO ~~above~~of MesoCoat and ifadditional ~~not~~new ~~stating the respects in~~personnel

~~which he does not agree~~are being considered. Mr. ~~Tellini has raised no objections.~~ ~~As of the date of this report on Form 8-K~~Burns, who served briefly in 2013 as MesoCoat’s Chief Operating Officer, re-

~~Mr. Tellini has not furnished the Company~~ joins MesoCoat with ~~such a letter~~ more than two decades of executive and corporate leadership experience. He has

~~ITEM~~previously 9successfully led engineering materials companies in Asia, Europe, South America and Mexico.01

~~FINANCIAL STATEMENTS AND EXHIBITS~~Mr. Burns previously served as the Vice President and General Manager of North American Engineered

~~The following exhibit is attached as part of this report:~~Materials for PolyOne Corp., where he led the company to higher-margin products. He holds a graduate

~~Exhibit~~degree in engineering management from Northeastern University.

~~Page~~SIGNATURES

~~No.~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this

Noreport to be signed on its behalf by the undersigned hereunto duly authorized.

~~Description~~Abakan Inc.

~~17.1~~Date

~~Attached~~By: /s/ Robert Seiden

~~Letter~~October ~~from Tellini to the Company dated September 16~~9, 2015.

.Name: Robert Seiden

~~______________________________________________________________________________~~Court Appointed Receiver

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 W. Seiden

September 25, 2015

Name: Robert W Seiden

Title: Court Appointed Receiver for Abakan, Inc

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