Corporate GovernanceApr 29, 2026, 04:35 PM
WKHS Amends 10-K to Include Part III Info, Updates Management
AI Summary
Workhorse Group Inc. filed an Amendment No. 1 to its 2025 Form 10-K (10-K/A) because it expects to file its 2026 Proxy Statement later than 120 days after the fiscal year-end. The amendment includes the information required by Part III of Form 10-K, such as details on directors, executive officers, corporate governance, and executive compensation, along with additional exhibits and new Sarbanes-Oxley Act certifications. The filing details the appointment of Scott Griffith as CEO and other executives, as well as severance payments for departing officers.
Key Highlights
- WKHS files 10-K/A due to delayed 2026 Proxy Statement filing.
- Includes Part III information: Directors, Executive Officers, Corporate Governance, Executive Compensation.
- Scott Griffith appointed CEO on December 15, 2025; annualized salary increased to $600,000.
- New executives: Joshua J. Anderson (EVP Operations), James Griffin (CRO), W. Scott Zion (CPO & Engineering).
- Former CEO Richard F. Dauch received $1,000,000 severance upon December 15, 2025 termination.
- Former General Counsel James D. Harrington received $375,000 severance upon December 15, 2025 termination.
- Former VP Stan March received $300,000 severance upon December 15, 2025 termination.
- Delayed Section 16(a) reports for James Griffin and Scott Zion filed on January 28, 2026.