Workhorse Group Inc. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Workhorse Group Inc. (WKHS) on July 13, 2026. The filing discloses significant changes to the Company's executive leadership, specifically the departure of the Chief Financial Officer and the appointment of new financial officers. These changes occur in the context of the Company's previously disclosed acquisition of Motiv Power Systems, Inc.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on personnel changes and compensation arrangements.
Material Changes
- Departure of CFO: Robert M. Ginnan ceased serving as Chief Financial Officer effective July 13, 2026. His employment with the Company will terminate on July 17, 2026, following a transition period. He is eligible for severance benefits under his amended employment agreement.
- Appointment of CFO: Jody Davis was appointed Chief Financial Officer effective July 13, 2026. His compensation package includes a base salary of $375,000, a target bonus of 50% of base salary, and an inducement grant of 93,750 restricted stock units vesting annually over three years.
- Appointment of CAO: Lindsay A. Barnes was appointed Chief Accounting Officer effective July 13, 2026. She was previously the Company's Vice President, Corporate Controller. There is no change to her compensation resulting from this appointment.
Outlook, Risks, and Management Commentary
The leadership transition is tied to the closing of the Merger with Motiv Power Systems, Inc. The new CFO, Jody Davis, brings over 15 years of finance experience, including prior roles as CFO at EVIO, Inc. and Our Next Energy, Inc. The new CAO, Lindsay A. Barnes, has over 26 years of accounting experience, including prior executive roles at La-Z-Boy Incorporated. No specific risks or contingencies regarding the Company's financial outlook were detailed in this filing beyond the standard transition of duties.
Investor Verification Checklist
- Verify the terms of the Executive Employment Agreement for Jody Davis filed as Exhibit 10.1.
- Confirm the status and closing timeline of the Motiv Power Systems, Inc. acquisition referenced in the departure of the prior CFO.
- Review the Company's Amended and Restated 2023 Long Term Incentive Plan to understand the vesting conditions for the new CFO's equity grant.
- Monitor subsequent filings for the formal termination of Robert M. Ginnan's employment on July 17, 2026.