Workhorse Group Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
WKHS$3.32+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
Financial statements (see Index to Consolidated Financial Statements in Part II, Item 8 of this report)
All financial statement schedules have been omitted since the required information was not applicable or was not present in amounts sufficient to require submission of the schedules, or because the information required is included in the Consolidated Financial Statements or the accompanying notes.
The exhibits listed in the following Index to Exhibits are filed or incorporated by reference as part of this report.
| Exhibit No. | Description | Form Incorporated From | Report Date |
| 3.1 | Certificate of Designation for Series A Preferred Stock | 8-K | 1/4/2010 |
| 3.2 | Certificate of Change | 8-K | 5/25/2010 |
| 3.3 | Certificate of Correction | 8-K | 5/25/2010 |
| 3.4 | Articles of Merger | 8-K | 5/25/2010 |
| 3.5 | Certificate of Correction (Articles of Merger) | 8-K | 5/25/2010 |
| 3.6 | Certificate of Amendment to the Certificate of Incorporation | 8-K | 9/10/2010 |
| 3.7 | Certificate of Incorporation | SB-2 | 2/4/2008 |
| 3.8 | Articles of Merger between AMP Holding Inc. and Workhorse Group Inc. | 8-K | 4/16/2015 |
| 3.9 | Certificate of Change filed December 9, 2015 | 8-K | 12/10/2015 |
| 3.10 | Certificate of Amendment to the Certificate of Incorporation dated August 8, 2017 | 10-Q | 8/9/2017 |
| 3.11 | Certificate of Amendment to the Certificate of Incorporation dated May 3, 2019 | 10-Q | 5/7/2019 |
| 3.12 | Certificate of Designation of Series B Preferred Stock | 8-K | 6/6/2019 |
| 3.13 | First Amended and Restated Bylaws of Workhorse Group Inc. | 8-K | 4/4/2022 |
| 3.14 | Certificate of Amendment to the Company’s Articles of Incorporation | 8-K | 9/6/2023 |
| 3.15 | Second Amended and Restated Bylaws | 8-K | 7/12/2023 |
| 4.1 | Description of Securities Registered under Section 12 of the Securities Exchange Act of 1934 | † | |
| 4.2 | Indenture, dated December 27, 2023, by and between Workhorse Group Inc. and U.S. Bank, National Association | 8-K | 12/28/2023 |
| 4.3 | Supplemental Indenture, dated December 27, 2023, by and between Workhorse Group Inc. and U.S. Bank, National Association | 8-K | 12/28/2023 |
| 4.4 | Form of Second Supplemental Indenture | 8-K | 3/15/2024 |
| 4.5 | Form of Third Supplemental Indenture | 8-K | 5/10/2024 |
| 4.6 | Form of Fourth Supplemental Indenture | 8-K | 5/29/2024 |
| 4.7 | Form of Fifth Supplemental Indenture | 8-K | 7/18/2024 |
| 4.8 | Form of Sixth Supplemental Indenture | 8-K | 8/23/2024 |
| 4.9 | Form of Seventh Supplemental Indenture | 8-K | 9/30/2024 |
| 4.10 | Eighth Supplemental Indenture | 8-K | 10/16/2024 |
| 4.11 | Ninth Supplemental Indenture | 8-K | 11/27/2024 |
| 4.12 | Tenth Supplemental Indenture | 8-K | 12/16/2024 |
| 4.13 | Eleventh Supplemental Indenture | 8-K | 1/27/2025 |
| 10.1 | Director Agreement by and between Workhorse Group Inc. and Raymond Chess dated October 24, 2013 | 8-K | 10/30/2013 |
| 10.2 | Form of Indemnification Agreement | 10-K | 3/1/2021 |
| + 10.3 | Employment Agreement between Workhorse Group Inc. and Ryan Gaul dated April 22, 2021 | 8-K | 4/26/2021 |
| + 10.4 | Employment Agreement between Workhorse Group Inc. and Richard Dauch dated July 26, 2021 | 8-K | 7/26/2021 |
| + 10.5 | Employment Agreement between Workhorse Group Inc. and James D. Harrington, dated August 16, 2021 | 10-K | 3/1/2022 |
| + 10.6 | Employment Agreement between Workhorse Group Inc. and Joshua Anderson, dated September 21, 2021 | 10-K | 3/1/2022 |
| + 10.7 | Employment Agreement between Robert Ginnan and Workhorse Group Inc. dated January 4, 2022 | 8-K | 1/4/2022 |
| 10.8 | Vehicle Supply and Purchase Agreement, dated February 28, 2022, between the Company and GreenPower Motor Company, Inc. | 8-K | 2/28/2022 |
| 10.9 | At-the-Market-Sales Agreement, dated March 10, 2022, between the Company and BTIG, LLC. | 8-K | 3/10/2022 |
| + 10.10 | 2017 Incentive Stock Plan | 10-Q | 8/9/2022 |
| + 10.11 | 2019 Incentive Stock Plan | 10-K | 3/13/2020 |
| + 10.12 | Form of Non-Statutory Option Award Agreement between Workhorse Group Inc. and Richard Dauch | 10-Q | 11/9/2021 |
| + 10.13 | Form of Executive Restricted Stock Award Agreement under 2019 Incentive Stock Plan | 10-K | 3/1/2022 |
| + 10.14 | Form of Performance Share Unit Award Agreement under 2019 Incentive Stock Plan | 10-K | 3/1/2022 |
| + 10.15 | Form of Executive Restricted Stock Award Agreement under 2017 Incentive Stock Plan and 2023 Long-Term Incentive Plan | 10-K | 3/1/2022 |
| + 10.16 | Form of Performance Share Unit Award Agreement under 2017 Incentive Stock Plan and 2023 Long-Term Incentive Plan | 10-K | 3/1/2022 |
| + 10.17 | Form of Director Restricted Stock Award Agreement under 2017 Incentive Stock Plan | 10-K | 3/1/2022 |
| + 10.18 | Short-Term Incentive Plan | 10-K | 3/1/2022 |
| + 10.19 | Workhorse Group Inc. 2023 Long-Term Incentive Plan, as amended and restated, effective as of May 2, 2023 (incorporated by reference to Appendix A to the registrant’s definitive additional materials as filed with the Securities and Exchange Commission on April 24, 2023). | 10-Q | 5/15/2023 |
| 10.20 | Floorplan and Security Agreement, dated as of August 10, 2023, by and between Workhorse Technologies Inc. and Mitsubishi HC Capital America, Inc. | 10-Q | 8/14/2023 |
| 10.21 | Form of Securities Purchase Agreement, dated December 12, 2023, by and between Workhorse Group Inc. and the purchaser thereto | 8-K | 12/12/2023 |
| 10.22 | Form of Note, dated December 12, 2023, by and between Workhorse Group Inc. and the holder thereto | 8-K | 12/12/2023 |
| 10.23 | Form of Warrant dated December 12, 2023, by and between Workhorse Group Inc. and the holder thereto | 8-K | 12/12/2023 |
| 10.24 | Purchase Agreement, dated December 12, 2023, by and between Workhorse Group Inc. and the purchaser thereto | 8-K | 12/12/2023 |
| 10.25 | Form of Registration Rights Agreement, dated December 12, 2023, by and between Workhorse Group Inc. and the purchaser thereto | 8-K | 12/12/2023 |
| 10.26 | Form of Security Agreement, dated December 27, 2023, by and between Workhorse Group Inc. and the investor party thereto | 8-K | 12/28/2023 |
| 10.27 | Form of Guaranty, Dated December 27, 2023, by and among the investor and the guarantors party thereto | 8-K | 12/28/2023 |
| + 10.28 | First Amendment to Employment Agreement, dated November 13, 2023, by and between Workhorse Group Inc. and Rick Dauch | 8-K | 11/14/2023 |
| + 10.29 | Form of Executive Restricted Stock Unit Award Agreement under 2023 Long-Term Incentive Plan | 10-K | 3/12/2024 |
| + 10.30 | Form of Director Restricted Stock Unit Award Agreement under 2023 Long-Term Incentive Plan | 10-K | 3/12/2024 |
| + 10.31 | Amendment to Employment Agreement and Salary Deferral Agreement, dated as of March 11, 2024, by and between the Company and Richard Dauch. | 10-Q | 5/20/2024 |
| + 10.32 | Amendment to Employment Agreement and Salary Deferral Agreement, dated as of March 11, 2024, by and between the Company and Robert Ginnan. | 10-Q | 5/20/2024 |
| + 10.33 | Amendment to Employment Agreement and Salary Deferral Agreement, dated as of March 11, 2024, by and between the Company and James Harrington. | 10-Q | 5/20/2024 |
| 10.34 | Purchase and Sale Agreement, dated as of January 31, 2024, between the Company and William Repny LLC | 8-K | 2/1/2024 |
| 10.35 | First Amendment to Green Senior Secured Convertible Note, dated February 29, 2024 | 8-K | 3/1/2024 |
| 10.36 | Form of Securities Purchase Agreement, dated as of March 15, 2024 | 8-K | 3/15/2024 |
| 10.37 | Material Modification to Rights of Security Holders. | 8-K | 3/12/2025 |
| 16.1 | Changes in Registrant’s Certifying Accountant | 8-K | 12/3/2024 |
| 16.2 | Changes in Registrant’s Certifying Accountant. | 8-K | 12/18/2024 |
| 19.1 | Insider Trading Policy | † | |
| 21.1 | List of Subsidiaries | † | |
| 23.1 | Consent of Berkowitz Pollack Brant Advisors + CPAs | † | |
| 23.2 | Consent of Grant Thornton LLP | † | |
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | † | |
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | † | |
| 32.1 | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | † | |
| 32.2 | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | † | |
| 97.1 | Clawback Policy, effective October 2, 2023 | † | |
| 101.INS | Inline XBRL INSTANCE DOCUMENT | ||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | ||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||
| 101.LAB | Inline XBRL Taxonomy Extension Labels Linkbase Document | ||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||
| 104 | Inline XBRL Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | ||
† Exhibits that are filed with this report.
- Indicates a management contract or compensatory arrangement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.