Management ChangeMay 1, 2026, 05:07 PM
Worksport Appoints Jennifer Kartychak as New CFO; Michael Johnston Resigns
AI Summary
Worksport Ltd. announced a change in its Chief Financial Officer position. Michael Johnston resigned from his roles as CFO, Principal Financial Officer, and Principal Accounting Officer, effective April 30, 2026. The company appointed Jennifer Kartychak, previously the Vice President of Finance, as the new CFO, effective May 1, 2026. Her compensation package includes an annual base salary of $220,000, a target annual cash bonus of $75,000, and a stock option for 100,000 shares.
Key Highlights
- Michael Johnston resigned as Worksport's CFO, Principal Financial Officer, and Principal Accounting Officer, effective April 30, 2026.
- Jennifer Kartychak was appointed as the new CFO, Principal Financial Officer, and Principal Accounting Officer, effective May 1, 2026.
- Ms. Kartychak previously served as the Company's Vice President of Finance since January 1, 2026.
- Her employment agreement includes an annual base salary of $220,000 and eligibility for a $75,000 target annual cash bonus.
- She received a non-qualified stock option to purchase up to 100,000 shares of common stock.
- Arend Advisory Group LLC, wholly owned by Ms. Kartychak, was granted 13,000 shares of the Company's common stock.
- Arend Advisory Group LLC received approximately $158,000 for consulting services in fiscal year 2025.
Price Impact
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