{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-21-014824","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2021-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.065056+00:00","generated_at":"2026-06-30T00:55:30.227517+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Workhorse appoints Richard Dauch as CEO; prior CEO Duane Hughes departs; guidance withdrawn","bullets":["Richard Dauch becomes CEO and board member effective Aug 2, 2021; previously CEO of Delphi Technologies.","Duane Hughes departs as CEO and board member; receives $855,000 severance and transitional role through Sep 30.","Company withdraws previously stated guidance effective immediately; no replacement guidance provided.","Dauch receives $1M base salary, 500k restricted shares + $3M stock options as signing bonus, target annual bonus 125% of base.","Long-term equity incentive target set at 500% of base salary; severance includes up to 3x base + bonus upon change of control."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-21-014824","json":"https://secwatch.observer/filing/0001628280-21-014824.json","markdown":"https://secwatch.observer/filing/0001628280-21-014824.md","text":"https://secwatch.observer/filing/0001628280-21-014824.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000162828021014824/0001628280-21-014824-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000162828021014824/wkhs-20210726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T00:55:30.227517+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c2876198f","claim":"Duane Hughes resigned as Chief Executive Officer at Workhorse Group Inc..","evidence_excerpt":"On July 26, 2021, the Company and Duane Hughes mutually agreed that Mr. Hughes would no longer continue as a member of the Board of Directors and as Chief Executive Officer and President of the Company, effective August 2, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1425287/000162828021014824/0001628280-21-014824-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cc3ccc988e","claim":"Richard Dauch was appointed as Chief Executive Officer at Workhorse Group Inc..","evidence_excerpt":"On July 25, 2021, Workhorse Group Inc. (the “Company”) entered into an Employment Agreement with Richard Dauch, pursuant to which he will become Chief Executive Officer and a member of the Board of Directors of the Company (the “Employment Agreement”), effective August 2, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1425287/000162828021014824/0001628280-21-014824-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}