---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-007437"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:09:39.101738+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors terminates IP license agreement with Workhorse, effective March 27, 2023

## Summary
- LMC sent notice on Jan 27, 2023, purporting to terminate the November 7, 2019 IP License Agreement on March 27, 2023.
- Workhorse believes royalty payments on sales of licensed electric pickup trucks survive termination.
- LMC has not informed Workhorse of any vehicle sales since the agreement date; future sales and royalties uncertain.
- Potential materiality of future royalties cannot be predicted at this time.

## SEC filing metadata
- accession: 0001213900-23-007437
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390023007437/0001213900-23-007437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390023007437/ea172618-8k_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-007437
- JSON: https://secwatch.observer/filing/0001213900-23-007437.json
- Plain text: https://secwatch.observer/filing/0001213900-23-007437.txt

## Key facts
- Material Agreements
  Workhorse Group Inc. terminated Intellectual Property License Agreement with Lordstown Motors Corp. (effective 2023-03-27).
  - Action: termination
  - Agreement: license
  - Counterparty: Lordstown Motors Corp.
  - Effective: 2023-03-27
  source text: On January 27, 2023, Workhorse Group Inc. (the “Company”) received a letter (the “Notice”) from Lordstown Motors Corp. (NASDAQ: RIDE) (“LMC”) purporting to terminate, effective March 27, 2023, the previously disclosed Intellectual Property License Agreement dated November 7, 2019 between the Company and LMC (the “Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425287/000121390023007437/0001213900-23-007437-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.