secwatch.observer — SEC 8-K summary
======================================

Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001213900-23-074424
Event type: litigation
Sentiment:  negative
Materiality: 0.90
Item codes: 3.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse Group settles securities class action with $15M cash and $20M in shares, increases authorized shares to 450M
--------------------------------------------------------------------------------

- Settlement fund consists of $15 million cash and $20 million in Workhorse common stock (25,380,711 shares) to resolve Securities Class Action.
- First 2,000,000 settlement shares issued on September 1, 2023 under Section 3(a)(10) exemption.
- Stockholders approved amendment to articles of incorporation increasing authorized common shares to 450 million at September 1, 2023 special meeting.
- Vote results: 107,790,864 for, 15,836,387 against, 1,700,854 abstentions, with 59% quorum of 210,793,111 shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390023074424/0001213900-23-074424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390023074424/ea184738-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-074424

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer