secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2026-09-28T20:15:22+00:00
Accession:  0001628280-26-063719
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Workhorse adopts Value Creation Incentive Plan; CEO Griffith target $15M, CFO Davis $6.5M
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- Board adopted the Workhorse Group Inc. Value Creation Incentive Plan on Sept 22, 2026; performance period runs Oct 1, 2026 through Sept 30, 2031.
- CEO Scott Griffith received a $15M target performance award; CFO Jody Davis received a $6.5M target award; payouts in cash or, at Committee election, common stock.
- Revenue goal worth 15% of target: annualized GAAP revenue of at least $75M for two consecutive fiscal quarters (quarterly GAAP sales times four).
- Gross margin goal 20% and operating cash flow goal 25% of target: each must be positive for two consecutive quarters on a GAAP basis.
- Largest goal (40%): average market cap of at least $500M over any 45 consecutive trading days; Company says targets are not guidance or projections.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026063719/0001628280-26-063719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026063719/wkhs-20260922.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063719

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