Workhorse Group Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Workhorse Group Inc. on November 26, 2019, regarding events occurring on November 25, 2019. The filing documents the results of the Company's Annual Meeting of Security Holders held in Loveland, Ohio.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance matters.
Material Changes and Voting Results
The filing reports the following material outcomes from the Annual Meeting:
- Shareholder Participation: Of 66,189,613 shares outstanding on the record date (October 1, 2019), 46,152,928 shares were represented, constituting a quorum.
- Director Elections: Six directors were elected to the board. The vote counts for each nominee were as follows:
| Director Name | For Votes | Withheld Votes |
|---|---|---|
| Raymond J. Chess | 8,164,687 | 5,756,621 |
| Harry DeMott | 8,238,352 | 5,712,956 |
| H. Benjamin Samuels | 12,697,529 | 1,253,779 |
| Gerald B. Budde | 12,547,890 | 1,403,418 |
| Duane Hughes | 13,320,038 | 631,270 |
| Michael Clark | 12,414,070 | 1,537,238 |
- Auditor Ratification: Shareholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2019.
Auditor Vote Breakdown:
- For: 44,924,921
- Against: 645,458
- Abstain: 582,549
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of the voting results.
Key Facts for Investor Verification
- Verify the total number of shares outstanding and the quorum threshold for future meetings.
- Review the full Proxy Statement referenced in the filing for detailed biographies of the elected directors and the rationale for the auditor appointment.
- Confirm the tenure of the newly elected directors, which lasts until their successors are duly elected or until earlier death, resignation, or removal.
- Note that Grant Thornton LLP is the confirmed auditor for the fiscal year ending December 31, 2019.