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~~November 2925, 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~~over 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~~6708

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~~1

ITEM 8.01 – OTHER EVENTS.

~~Securities and Exchange Commission Subpoenas~~On September 24, 2015, the United States District Court for the Southern District of New York (the “New

~~As previously disclosed, on or about November 21, 2014,~~ York Court”) appointed Robert W. Seiden as the receiver (the “Receiver”) over Abakan Inc. (“Abakan”) ~~received a subpoena~~ and,

~~related~~ prior to ~~a non-public fact finding inquiry from~~ this on August 18, 2015, the ~~Securities and Exchange Commission (“Commission”)~~ same New York Court appointed Robert W. Seiden Receiver over

~~On or about September 29~~MesoCoat, ~~2015 and October 5~~ Inc. (“MesoCoat”), ~~2015, Abakan received further subpoenas from~~ both in the matter captioned George Town Associates S.A. v. Abakan, Inc. and

~~Commission relating to the Commission’s inquiry~~MesoCoat, Inc., case number 15-cv-3435. The matter is pending before the New York Court, as previously

~~Suspension of Product Line~~ reported in the Form 8-K filed by Abakan~~’s Subsidiary MesoCoat, Inc.~~ with the Securities and ~~Interim CEO appointed~~ Exchange Commission on September 25,

~~Abakan's subsidiary MesoCoat, Inc~~2015. ~~(“MesoCoat”) has been revamping, focusing on preservation of assets~~

~~and~~On ~~creating~~December a16, ~~pathway~~2015 toat ~~profitability~~3:30 ~~under~~p.m. ~~Abakan’s~~EST, ~~receivership.~~the AsNew aYork ~~result,~~Court will conduct a ~~non-profitable~~fairness ~~product~~hearing to consider

~~line~~proposed ~~was~~transactions ~~recently~~for ~~suspended,~~settlement ~~resulting~~of in the ~~layoff~~receivership. ofThe aReceiver ~~handful~~has ofbeen ~~employees~~reviewing ~~related~~and tocontinues ~~this product line,~~to

~~including~~review ~~MesoCoat’s~~several ~~Chief~~proposed ~~Executive~~written ~~Officer,~~offers ~~Stephen~~for ~~Goss.~~settlement ~~Mr.~~transaction ~~Goss~~that ishe ~~still~~intends ~~currently~~to ~~serving~~present asto the New York

~~Chief Operating Officer and a director of Abakan~~Court for consideration before the fairness hearing. As of the date of this Current Report on Form 8-K,

~~The~~proposals ~~receiver~~have ~~Mr.~~been ~~Seiden~~submitted ~~has~~by ~~placed~~George ~~more~~Town ~~focus~~Associates, onS.A. ~~the~~(“George ~~company~~Town”), ~~becoming~~Liquidmetal ~~profitable while building long~~Coatings

~~term growth~~Inc. ~~Richard J. Burns has been appointed Interim CEO of MesoCoat~~ and ~~additional new personnel~~ a China-based company Jiangxi Hengda Group. The proceeding is open to the public at the United

~~are~~States ~~being~~Courthouse for the ~~considered.~~Southern ~~Mr.~~District of ~~Burns,~~New ~~who~~York ~~served~~at 500 ~~briefly~~Pearl Street in ~~2013~~lower Manhattan ~~as MesoCoat’s Chief Operating Officer, re-~~in

~~joins~~courtroom ~~MesoCoat~~15B. ~~with~~The ~~more~~New ~~than~~York ~~two~~Court ~~decades~~has ofentered ~~executive~~a ~~and~~scheduling ~~corporate~~order ~~leadership~~that ~~experience.~~permits Heany ~~has~~“creditor or other

~~previously~~interested party” to file opposition to the above-mentioned proposals with the ~~successfully led engineering materials companies in Asia, Europe, South America and Mexico.~~New York Court no later than

MrMonday, December 7, 2015. As per ~~Burns~~court ~~previously served as the Vice President and General Manager of North American Engineered~~order, any such opposition can be sent to Geoffrey Aaronson, Esq.

~~Materials~~(gaaronson@aspalaw.com) ~~for~~and ~~PolyOne~~Tamara ~~Corp.~~McKeown, ~~where~~Esq. ~~he led the company to higher-margin products~~(tmckeown@aspalaw.com) Heat ~~holds~~Aaronson ~~a graduate~~Schantz

~~degree~~Beiley inP.A., ~~engineering~~100 ~~management~~S.E. ~~from~~2nd ~~Northeastern~~Street, ~~University~~Miami, Florida 33131, 786-594-3528.

~~SIGNATURES~~So far the George Town proposal has been filed with the New York Court and it is entitled the Satisfaction

~~Pursuant to~~ and Transaction Agreement (the ~~requirements of~~ “Agreement”). If it is approved by the ~~Securities Exchange Act of 1934~~ Court, ~~the registrant has duly caused this~~ in settlement of their law suits

~~report~~against toAbakan, beGeorge ~~signed~~Town onand ~~its~~Sonoro ~~behalf~~Invest byS.A. ~~the~~(“Sonoro”) ~~undersigned~~(a ~~hereunto~~senior ~~duly~~creditor ~~authorized.~~of Abakan) will receive

~~Abakan~~(i) ~~Inc.~~all of the stock and ownership in MesoCoat, free and clear of all liens, claims and encumbrances and (ii)

~~Date~~all claims, causes of action, judgments and suits accruing prior to the effective date of the Agreement that

~~By:~~MesoCoat ~~/s/~~and ~~Robert~~Abakan ~~Seiden~~may have against third parties. In addition, this transaction would alleviate MesoCoat

~~October~~of 9,the ~~2015~~debt it owes to its largest creditors and enable it to continue as a going-concern. The other two

~~Name:~~proposed ~~Robert~~transactions ~~Seiden~~are being finalized for submission to the Receiver for evaluation and provision to the

New York Court ~~Appointed~~in ~~Receiver~~advance of the fairness hearing.

ITEM 1.03

BANKRUPTCY OR RECEIVERSHIP.

On November 5, 2015, certain creditors of Abakan and certain creditors of MesoCoat filed Chapter 11

involuntary bankruptcy petitions in the United States Bankruptcy Court for the Southern District of Florida

(the “Florida Bankruptcy Court”). On November 19, 2015, the Florida Bankruptcy Court ruled that an

automatic stay does not arise upon the filing of an involuntary petition. George Town and Sonoro, moved to

dismiss the petitions against Abakan and MesoCoat in the Florida Bankruptcy Court, arguing that they were

filed in bad faith, and have further requested that the Abakan petition be converted to a liquidating Chapter 7

petition. Petitioning creditors dispute these allegations and object to the proposed Satisfaction Agreement.

Adjudication of the involuntary petitions and other matters has been adjourned for an evidentiary hearing on

January 13, 2016 at 10:00 a.m. EST before the Florida Bankruptcy Court.

The cases in the Florida Bankruptcy Court are filed under the headings In re: MesoCoat, Inc., Case No. 15-

29607-AJC and In re: Abakan, Inc., Case No. 15-29606-AJC.

For any questions of the Abakan and MesoCoat Receiver, please contact David G. Liston, Esq., general

counsel to the Receiver, at 212-822-0160, or Thomas Messana, Esq., bankruptcy counsel to the Receiver at

954-712-7400.

For any questions of counsel for the petitioning unsecured creditors, please contact Linda Leali, Esq. at 305-

341-0671.

For any questions of counsel for the Abakan board of directors, please contact Geoffrey Aaronson, Esq. at

786-594-3528.

Item 9.01

FINANCIAL STATEMENTS AND EXHIBITS

The following exhibit is attached as part of this report:

Exhibit

Page

No.

Description

99.1

Attached

Press Release dated November 25, 2015.

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, Esq.

November 25, 2015

Name: Robert W. Seiden, Esq.

Court Appointed Receiver

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