AGM/EGMJul 20, 2026, 05:01 PM
Worksport Sets 2026 AGM; Seeks Stock Split Authority
AI Summary
Worksport Ltd. has filed its definitive proxy statement for the 2026 Annual Meeting of Shareholders, scheduled for September 3, 2026. Key proposals include the election of five directors, ratification of auditors, an advisory vote on special dividends from asset sales, and authorization for the Board to implement reverse or forward stock splits. CEO Steven Rossi, who controls 51% of the voting power, intends to support the stock split proposal. The filing also noted the appointment of Jennifer Kartychak as CFO effective May 1, 2026.
Key Highlights
- 2026 Annual Meeting of Shareholders scheduled for September 3, 2026.
- Shareholders to vote on electing five directors to the Board.
- Proposal to ratify Lumsden & McCormick, LLP as independent auditors for 2026.
- Advisory vote on Board considering special dividends from business unit or asset sales.
- Authorization for Board to effect reverse stock splits (1-for-2 to 1-for-250) or forward stock splits.
- CEO Steven Rossi holds 51% of voting power and intends to vote for stock split proposal.
- Jennifer Kartychak appointed Chief Financial Officer effective May 1, 2026.
Price Impact
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