Workhorse Group Inc
For the period ended Sep 30, 2024. Filed Nov 19, 2024.
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Sep 30, 2024 · Filed Nov 19, 2024
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Item 5. Other Information
Executive Compensation: On November 13, 2024, the Company’s Board of Directors approved the termination of the previously disclosed 20% deferral of cash compensation by our executive officers, effective for the pay period beginning on October 28, 2024. All previously deferred compensation through the pay period ending October 27, 2024 will continue to be deferred and will not be paid until the Company’s liquidity position improves.
Insider Trading Arrangements
During the three and nine months ended September 30, 2024, none of our officers or directors adopted orterminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement.” However, certain of our directors and officers may adopt 10b5-1 Plans or non-Rule 10b5-1 trading arrangements in the future.
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