secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2026-07-23T20:04:09+00:00
Accession:  0001628280-26-049382
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse adopts 2026 STIP with adjusted EBITDA and revenue metrics; CEO target 50% of base salary
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- STIP effective Jan 1, 2026; performance metrics: adjusted EBITDA (50%) and revenue (50%).
- CEO Scott Griffith target payout: 50% of base salary; CFO Jody Davis 50%; EVP Joshua Anderson 50%.
- Actual payouts range from 0% to 150% of target based on performance level achieved.
- Committee retains authority to amend or cancel bonuses before earned and vested.
- Plan subject to clawback policy; payment requires employment on payment date except for death, disability, retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026049382/0001628280-26-049382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026049382/wkhs-20260720.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-049382

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