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Workhorse Group (NASDAQ: WKHS) details CEO Scott Griffith’s $600k pay and bonus

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(Moderate)
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Form Type
8-K

Rhea-AI Filing Summary

Workhorse Group Inc. reported that its Board of Directors has approved key elements of compensation for its Chief Executive Officer, Scott Griffith, who became CEO in December 2025. The Board set Mr. Griffith’s annual base salary at $600,000, retroactive to December 15, 2025, reflecting the start of his CEO tenure.

He will also be eligible for a target cash bonus equal to 50% of his base salary under the company’s Short-Term Incentive Plan or any successor executive bonus plan. The Board stated that it intends to finalize additional compensation components and other terms of his employment and to enter into a written agreement with Mr. Griffith covering those terms.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Understanding 8-K Material Events →
0001425287falseNasdaq00014252872026-01-062026-01-06

___________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 6, 2026
___________________________________
WORKHORSE GROUP INC.
(Exact name of registrant as specified in its charter)
___________________________________
Nevada
001-37673
26-1394771
(State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification Number)
48443 Alpha Drive #190, Wixom, Michigan 48393
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (888) 646-5205

3600 Park 42 Drive, Suite 160E, Sharonville, Ohio 45241
(Former name or former address, if changed since last report)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.001 par value
WKHS
The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed on a Current Report on Form 8-K filed by Workhorse Group Inc. (the “Company”) on December 15, 2025, Scott Griffith was appointed to the role of Chief Executive Officer of the Company, effective as of that date. On January 6, 2026, the Human Resource Management and Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company recommended, and the Board approved, certain elements of Mr. Griffith’s compensation as the Company’s Chief Executive Officer, including an annual base salary of $600,000, retroactive to December 15, 2025, and a target bonus opportunity under the Company’s Short-Term Incentive Plan, or such other executive bonus plan as may be adopted by the Company, of 50% of base salary. The Board intends to approve additional elements of Mr. Griffith’s compensation and terms of employment as Chief Executive Officer and enter into a written agreement with Mr. Griffith with respect to the same.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WORKHORSE GROUP INC.
Date: January 12, 2026By: /s/ Robert M. Ginnan
Name: Robert M. Ginnan
Title: Chief Financial Officer


Source: View Original Filing on SEC EDGAR

FAQ

What executive compensation changes did Workhorse Group (WKHS) disclose?

Workhorse Group disclosed that its Board approved key compensation terms for CEO Scott Griffith, including a $600,000 annual base salary and a target bonus equal to 50% of his base salary.

What is Scott Griffith’s base salary as CEO of Workhorse Group (WKHS)?

Scott Griffith’s annual base salary as Chief Executive Officer of Workhorse Group is $600,000, effective retroactively to December 15, 2025.

How is the CEO bonus at Workhorse Group (WKHS) structured?

The CEO’s target bonus opportunity is set at 50% of base salary under Workhorse Group’s Short-Term Incentive Plan or any other executive bonus plan the company may adopt.

From what date is the new CEO compensation at Workhorse Group effective?

The approved base salary for CEO Scott Griffith is retroactive to December 15, 2025, the effective date of his appointment as Chief Executive Officer.

Will Workhorse Group (WKHS) add more components to the CEO’s compensation package?

Yes. The Board indicated it intends to approve additional elements of Scott Griffith’s compensation and other employment terms and to enter into a written agreement with him.