Workhorse Group Inc. — fact timeline

Workhorse Group Inc. reported first quarter ended March 31, 2023 results: revenue $1.7 million.

“Sales, net of returns and allowances, for the first quarter of 2023 increased to $1.7 million compared to $14.3 thousand in the same period last year.”

Workhorse Group Inc. shareholders approved Approval of the Workhorse Group Inc. 2023 Long-Term Incentive Plan at the 2023-05-02 meeting.

“Proposal 3 – Approval of the Workhorse Group Inc. 2023 Long-Term Incentive Plan. Votes For Votes Against Abstentions Broker Non-Votes Votes Cast 34,389,868 9,169,566 816,394 48,137,260 The shareholders approved the Workhorse Group Inc. 2023 Long-Term Incentive Plan.”

Workhorse Group Inc. shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-02 meeting.

“Proposal 2 - Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2023. Votes For Votes Against Abstentions Votes Cast 89,961,314 1,651,359 900,415 The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2023.”

Workhorse Group Inc. shareholders approved Election of eight nominees to serve on the Board of Directors at the 2023-05-02 meeting.

“Proposal 1 - Election of eight nominees to serve on the Board of Directors until the next annual meeting or until their respective successors are duly elected and qualified. Nominee Votes For Votes Against Abstentions Broker Non-Votes Raymond J. Chess 36,819,995 6,831,508 724,325 48,137,260 Richard F. Dauch 38,900,575 4,815,436 659,817 48,137,260 Jacqueline A. Dedo 32,200,192 11,495,465 680,171 48,137,260 Pamela S. Mader 30,678,226 12,916,304 781,298 48,137,260 William G. Quigley III 38,498,790 4,996,150 880,888 48,137,260 Austin S. Miller 32,583,054 10,992,497 800,277 48,137,260 Brandon Torres Declet 38,607,157 4,948,145 820,526 48,137,260 Dr. Jean Botti 38,686,320 4,931,897 757,611 48,137,260 The shareholders elected all eight of the nominees as directors.”

Workhorse Group Inc. reported the fourth quarter ended December 31, 2022 results: revenue $3.4 million.

“Sales, net of returns and allowances, for the fourth quarter of 2022 were $3.4 million compared to $(2.0) million in the same period last year.”

Workhorse Group Inc. terminated Intellectual Property License Agreement with Lordstown Motors Corp. (effective 2023-03-27).

“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”).”

Workhorse Group Inc. reported financial results for third quarter ended September 30, 2022.

“Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2022.”

William G. Quigley III was appointed as Director at Workhorse Group Inc..

“Effective February 23, 2022, the Board of Directors (the “Board”) of Workhorse Group Inc. (the “Company”) appointed William G. Quigley III. as a Director.”

Robert Ginnan was appointed as Chief Financial Officer at Workhorse Group Inc..

“On January 4, 2022, Workhorse Group Inc. (the “Company”) entered into an Employment Agreement with Robert Ginnan, age 58, pursuant to which he will become Chief Financial Officer of the Company (the “Employment Agreement”), effective January 4, 2022.”

Rob Willison departed as Chief Operating Officer at Workhorse Group Inc..

“Workhorse Group Inc. (the “Company”) informed Rob Willison, the Company’s then Chief Operating Officer, that the Company would not be renewing his employment agreement and Mr. Willison left the Company effective September 30.”

Steve Schrader departed as Chief Financial Officer at Workhorse Group Inc..

“As previously reported, on September 29, 2021, Workhorse Group Inc. (the “Company”) informed Steve Schrader, the Company’s then Chief Financial Officer, that the Company would not be renewing his employment agreement and Mr. Schrader left the Company that day.”

Stephen Fleming departed as other at Workhorse Group Inc..

“On September 30, 2021, the Company informed Stephen Fleming that the Company would not be renewing his employment agreement, which expires November 5, 2021.”

Rob Willison departed as Chief Operating Officer at Workhorse Group Inc..

“Mr. Schrader and Mr. Willison left the Company effective September 29 and September 30, respectively.”

Steve Schrader departed as Chief Financial Officer at Workhorse Group Inc..

“On September 29, 2021, Workhorse Group Inc. (the “Company”) appointed Greg Ackerson, the Company’s Corporate Controller, as interim Chief Financial Officer, succeeding Steve Schrader who departed the Company.”

Greg Ackerson was appointed as interim Chief Financial Officer at Workhorse Group Inc..

“On September 29, 2021, Workhorse Group Inc. (the “Company”) appointed Greg Ackerson, the Company’s Corporate Controller, as interim Chief Financial Officer, succeeding Steve Schrader who departed the Company.”

Duane Hughes resigned as Chief Executive Officer at Workhorse Group Inc..

“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.”

Richard Dauch was appointed as Chief Executive Officer at Workhorse Group Inc..

“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.”