Every 8-K that Workhorse Group (WKHS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WKHS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WKHS filings page.
Workhorse Group Inc. reported second-quarter 2026 results reflecting rapid revenue growth but continuing heavy losses as it integrates its merger with Motiv and shifts toward a broader industrial technology strategy. Revenue for the quarter was $3.6 million, up from $0.8 million a year earlier, with 26 vehicles delivered versus 4 in the prior-year quarter. On a pro forma combined basis, first-half 2026 revenue of $7.9 million was roughly in line with $8.2 million in the first half of 2025.
The company posted a second-quarter gross loss of $7.5 million and an operating loss of $19.4 million, leading to a net loss of $20.2 million, or $1.86 per share, compared with a $12.8 million loss a year earlier. For the first half of 2026, net cash used in operating activities was $40.6 million. As of June 30, 2026, Workhorse held $9.6 million in cash and cash equivalents plus $0.7 million of restricted cash, against $103.0 million in total liabilities and $7.2 million of stockholders’ equity. The company drew $20.0 million under its Cash Flow Credit Agreement and $18.3 million under its Customer Order Credit Agreement in the first half, and later borrowed an additional $10 million.
Strategically, management highlighted merger integration progress, a targeted $20 million annualized cost synergy run rate exiting 2026, continued cost-reduction work on modular chassis and next-generation platforms, and plans to enter the containerized mobile AI data center market, targeting initial production and deliveries in 2027.
Workhorse Group Inc. entered into Amendment No. 3 to its Cash Flow Credit Agreement with Motive GM Holdings II LLC, increasing the lender’s Commitment from $30,000,000 to $40,000,000. The amendment defers interest payments on both the additional $10,000,000 loan made under Amendment No. 2 and the new $10,000,000 loan under Amendment No. 3 until the first interest payment date occurring after January 31, 2027, improving near‑term cash flow.
As additional consideration, Workhorse agreed to issue MGMH warrants for 1,500,000 shares of common stock at an exercise price of $10.00 per share, exercisable immediately upon issuance for five years, with 750,000 warrant shares tied to each $10,000,000 incremental borrowing. The warrants are unregistered, issued under Section 4(a)(2) and Rule 506, and will be restricted securities. Separately, Workhorse’s lessor, Mango Workhorse, LLC, agreed to further defer facility rent in Union City, Indiana, extending earlier rent deferrals and requiring a lump‑sum payment of all deferred amounts by January 31, 2027.
Workhorse Group Inc. plans to enter the mobile AI data center market with a new turnkey, compute-ready, containerized mobile AI data center product line aimed at localized infrastructure needs for distributed deployments. The product is in development and is intended to leverage existing engineering, software, testing and supply-chain capabilities and manufacturing at its Union City, Indiana plant.
The company targets 2027 for initial production and commercial deliveries and expects a partnership-based go-to-market model with data center developers. Management states that this new line is expected to provide additional revenue and cash flow and improve operating leverage alongside ongoing work on modular chassis and cab chassis products, also expected to enter production in late 2027. Disclosed risks include design and development challenges, securing commercial partnerships, developments in the mobile AI computing market and raising capital to fund operations.
Workhorse Group Inc. approved a new Short-Term Incentive Plan (STIP) on July 20, 2026, effective January 1, 2026, covering the principal executive officer, principal financial officer and other named executive officers. The plan is designed to make a portion of annual cash compensation dependent on achieving defined performance goals.
For 2026, performance for these officers will be measured 50% on adjusted EBITDA and 50% on revenue. The Chief Executive Officer, Chief Financial Officer and Executive Vice President, Operations each have a 50% of base salary target opportunity, with actual payouts ranging from 0% to 150% of target based on results. The compensation committee may adjust targets, formulas, or cancel bonuses before they are earned. Participants generally must be employed on the payment date, subject to provisions for death, disability, qualifying retirement and change in control, and all awards remain subject to any company forfeiture, recoupment or clawback policies.
Workhorse Group Inc. reported leadership changes in its finance organization. As part of a previously disclosed transition tied to the Motiv Power Systems acquisition, Chief Financial Officer Robert M. Ginnan ceased serving as CFO on July 13, 2026 and will remain through July 17, 2026 to assist with the handover, with severance benefits determined under his amended employment agreement.
Effective July 13, 2026, the company appointed Jody Davis as Chief Financial Officer (Principal Financial Officer) and entered into an Executive Employment Agreement providing an initial base salary of $375,000 per year, a target bonus equal to 50% of base salary, and an inducement grant of 93,750 restricted stock units vesting annually over three years, subject to Board approval and continued service. Following a change of control, Mr. Davis may receive up to six months of combined base salary and target bonus plus accelerated vesting of unvested equity awards. Workhorse also appointed Lindsay A. Barnes as Chief Accounting Officer (Principal Accounting Officer), effective immediately, with no current change to her compensation.
Workhorse Group Inc. reported results of its 2026 annual stockholder meeting and approval of an updated equity incentive plan. Stockholders approved the Amended and Restated 2023 Long-Term Incentive Plan, adding 1,089,340 shares of common stock for potential equity awards.
As of the May 8, 2026 record date, there were 10,893,400 shares outstanding and entitled to vote, and 8,103,245 shares, or about 74.38%, were present or represented, providing a quorum. All seven director nominees were elected, executive compensation was approved on an advisory basis, and the appointment of Carr Riggs & Ingram, L.L.C. as independent auditors for 2026 was ratified.
Workhorse Group Inc. entered into Omnibus Amendment No. 2 to its existing credit agreements with Motive GM Holdings II LLC. The amendment increases the Cash Flow Credit Agreement commitment from $20,000,000 to $30,000,000 and defers interest payments on the additional $10,000,000 until the first Interest Payment Date after September 30, 2026. At the same time, the Customer Order Credit Agreement commitment is reduced from $30,000,000 to $20,000,000. As consideration for these changes, Workhorse is obligated to issue warrants to purchase equity interests in the company within 45 days of the amendment, or a later date if agreed with the lender.
Workhorse Group Inc. reported first quarter 2026 results showing rapid revenue growth but continued heavy losses and tight liquidity. Revenue rose to $4.3 million for the quarter, up from $1.1 million a year earlier on a comparable GAAP basis, with 21 vehicles delivered versus 5 in 2025.
Cost of sales increased to $11.8 million, producing a gross loss of $7.5 million. Operating expenses reached $13.6 million, leading to an operating loss of $21.1 million and a net loss of $19.9 million, or $1.99 per share, compared with a $12.7 million net loss, or $1.36 per share, in the prior-year quarter.
Cash and cash equivalents fell to $0.6 million as of March 31, 2026, from $12.2 million at December 31, 2025, while a $5.0 million customer order credit agreement with a related party was added to current liabilities. Management highlighted progress integrating the Motiv merger, facility consolidation to Union City, Indiana, targeted $20 million annualized cost synergies by the end of 2026, and a contracted backlog of more than 200 vehicles driven by 100-unit orders from Gateway Fleets and Purolator.
Workhorse Group Inc. updated its financing, executive pay and lease terms. The company amended its credit agreements with Motive GM Holdings II LLC, doubling the Cash Flow Credit Agreement commitment from $10,000,000 to $20,000,000 and reducing the Customer Order Credit Agreement commitment from $40,000,000 to $30,000,000. Interest on the additional $10,000,000 loan is deferred until the first interest payment date after September 30, 2026.
Workhorse also formalized CEO Scott Griffith’s compensation retroactive to December 15, 2025, including a $600,000 base salary, a target bonus of 50% of salary, long-term incentive eligibility and severance equal to 100% of base salary and 100% of his annual bonus target if terminated without cause or for good reason. Separately, the landlord for its Union City, Indiana manufacturing facility agreed to defer five months of rent from May through September 2026, with all deferred rent due by September 30, 2026.
Workhorse Group Inc. has agreed to resolve a legal dispute with Coulomb Solutions, Inc. by entering into a binding settlement term sheet. The company will pay a $4.3 million settlement amount in exchange for final dismissal of the litigation with prejudice, subject to a definitive settlement agreement by April 30, 2026. Workhorse plans to fund the settlement through borrowing under its existing credit facilities, with payment due no later than May 28, 2026.
Workhorse Group Inc. reported sharp revenue growth but continued losses for the fourth quarter and full year 2025, its first results after the Motiv Electric Trucks merger. Revenue reached $9.7 million in Q4 2025, up 64% from the prior-year quarter, and $21.2 million for full year 2025, a 201% increase driven by higher vehicle deliveries and the expanded combined business.
The company delivered 65 vehicles in Q4 and 112 in 2025, up from 46 in 2024, yet gross profit remained negative, with a Q4 gross loss of $5.7 million. Total operating expenses were $14.4 million in Q4, including $4.9 million of merger-related costs, leading to a Q4 net loss of $23.7 million and a full-year net loss of $64.1 million. Cash and cash equivalents were $12.9 million as of December 31, 2025, and total stockholders’ equity improved to $43.0 million, reflecting the reverse acquisition accounting and new capital structure. Management highlighted targeted $20 million in annualized cost synergies as it integrates operations, consolidates manufacturing in Indiana, and rolls out new products like a 140 kWh W56 step van configuration.
Workhorse Group Inc. filed Amendment No. 2 to update the audited financial statements and auditor consents for its merger partner Motiv Power Systems, Inc. The revised Exhibit 99.1 now includes Marcum LLP’s 2023 audit report and a corrected 2024 report from CBIZ CPAs P.C., which restates only loss-per-share data while leaving net loss and other line items unchanged.
Motiv reported 2024 revenue of $7.0 million and a net loss of $51.6 million, with a stockholders’ deficit of $40.8 million and an accumulated deficit of $254.9 million. Its auditors and management disclose substantial doubt about Motiv’s ability to continue as a going concern, citing heavy operating losses, negative cash flows and reliance on related-party financing, including a $68.4 million senior secured promissory note at 20% interest and significant net operating loss carryforwards.
The restated 2024 figures correct the weighted-average share count to 5,468,097 and basic and diluted net loss per share to $9.4. Subsequent events note a definitive all-stock merger agreement under which pre‑merger Motiv investors are expected to own approximately 62.5% of the combined company and Workhorse shareholders about 26.5%, with proceeds anticipated to repay roughly $101 million of Motiv’s senior notes and no distribution to Motiv equity holders.
Workhorse Group is updating investors on progress since its merger with Motiv Electric Trucks. Management says early priorities are on track: integrating teams and systems, expanding the product portfolio, and reinforcing the balance sheet, including a new supply chain financing line to support parts orders.
The combined company now points to more than 20 years of operating experience, over $860 million of historical invested capital, 1,100+ trucks deployed and 20 million miles of real‑world use. Fleet data from its Stables by Workhorse FedEx operation shows about 64% lower fuel and maintenance costs versus ICE trucks.
Workhorse targets cash flow breakeven at roughly 2,500 vehicles per year, less than 1% of its estimated $23 billion medium‑duty truck market. Its Union City, Indiana plant is described as able to support multi‑year growth with minimal additional capital, while 2026–2027 R&D is focused on a shared-architecture product roadmap to broaden the lineup and lower unit costs.
Workhorse Group Inc. filed an amended current report to add detailed financial information for its acquisition of Motiv Power Systems. The amendment supplies Motiv’s historical audited and unaudited statements, restated loss-per-share figures after a weighted-average share miscalculation, and unaudited pro forma combined financials reflecting the merger.
Motiv’s standalone results show large recurring losses, a significant working capital deficit and substantial debt, leading its auditor to highlight substantial doubt about Motiv’s ability to continue as a going concern. Subsequent events disclose further senior secured borrowing at a 20% interest rate and a merger structure in which pre‑merger Motiv investors will initially own about 62.5% of the combined company while existing Workhorse shareholders retain a meaningful stake.
Workhorse Group Inc. filed an 8-K to report a change in its independent auditor following its merger with Motiv Power Systems. After Carr, Riggs & Ingram, L.L.C. (CRI) acquired certain capital markets assets of Berkowitz Pollack Brant Advisors + CPAs, LLP (BPB), the Audit Committee dismissed BPB and approved CRI as the new independent registered public accounting firm, effective immediately.
BPB’s report on Workhorse’s consolidated financial statements for the year ended December 31, 2024 contained an explanatory paragraph citing substantial doubt about the company’s ability to continue as a going concern. The company also discloses previously identified, still-unremediated material weaknesses in internal control over financial reporting related to valuation of convertible debt and warrant liabilities and timely issuance of finalized quarterly reports. The company reports no disagreements with BPB and no consultations with CRI on accounting matters before the appointment.
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.
Workhorse Group Inc. completed its merger with Motiv Power Systems, making Motiv a wholly owned subsidiary and issuing 6,629,800 shares of common stock to Motive GM Holdings II LLC (MGMH), which had been approved as a change of control. Workhorse also fully redeemed its 2024 Notes and cancelled related warrants by releasing approximately $18.3 million to the 2024 noteholder, retaining approximately $6.6 million, and granting rights to acquire 1,193,364 shares of common stock.
To support operations after the merger, Workhorse entered into senior secured credit agreements with MGMH providing up to $40 million tied to qualified customer orders and a $10 million working-capital line, both maturing on December 15, 2028 at SOFR plus 5.00%. A prior $5 million subordinated secured convertible note held by MGMH was amended to become unsecured and subordinated to the new credit facilities.
The transaction brings major governance changes: several directors and senior officers resigned, four new directors joined the board, and former Motiv CEO Scott Griffith became Workhorse’s Chief Executive Officer. Workhorse adopted amended and restated bylaws opting out of Nevada’s Control Share Act and designating a Nevada court as the exclusive forum for key corporate disputes. The company’s common stock continues to trade on Nasdaq under the symbol WKHS.
Workhorse Group Inc. reported the outcomes of its 2025 annual stockholders meeting. Stockholders approved a stock issuance proposal tied to a merger agreement, a reverse stock split of outstanding common shares at a ratio between 1-for-8 and 1-for-12 that may be implemented by the board any time prior to June 30, 2026, and an amended and restated 2023 long-term incentive plan that increases the shares available for equity awards by 1,500,000. They also elected eight directors to serve until the 2026 annual meeting, approved on an advisory basis executive compensation, ratified Berkowitz Pollack Brant Advisors + CPAs as independent auditors for the fiscal year ended December 31, 2025, and approved an adjournment proposal for potential future proxy solicitations related to certain proposals.
Workhorse Group Inc. (WKHS) adjourned its 2025 Annual Meeting after quorum was not present, despite votes received being strongly in favor of each of the nine proposals, including proposals related to the company’s proposed merger with Motiv Power Systems, Inc.
The meeting is rescheduled to November 25, 2025 at 10:00 a.m. ET and will be held virtually at www.virtualshareholdermeeting.com/WKHS2025. Workhorse furnished a related press release as Exhibit 99.1.
The company reminded stockholders that its definitive proxy statement on Schedule 14A contains important information about the matters to be voted on and is available through the SEC and Workhorse’s investor relations site.
Workhorse Group (WKHS) furnished an update on its financial results by issuing a press release for the quarter ended September 30, 2025, which is attached as Exhibit 99.1 to this Form 8-K under Item 2.02. The information is furnished, not filed, under the Exchange Act.
The company also highlighted its definitive proxy statement for the 2025 Annual Meeting of Stockholders, available via the SEC and the company’s investor website, and noted directors and officers may be deemed participants in the proxy solicitation as described in prior SEC filings.
The filing includes a forward-looking statements disclaimer referencing the proposed merger transaction between Workhorse and Motiv and related risks. Exhibits listed are the press release (99.1) and the Inline XBRL cover page (104).
Workhorse Group, Inc. submitted a Current Report on Form 8-K dated August 19, 2025 that includes an Investor Presentation as Exhibit 99.1. The filing indicates that the company produced soliciting material pursuant to Rule 14a-12 under the Exchange Act, while boxes for Rule 425 and pre-commencement communications under Rules 14d-2(b) and 13e-4(c) are unchecked. The report lists James D. Harrington as General Counsel, Chief Compliance Officer and Secretary.
Workhorse Group, Inc. (WKHS) filed a Current Report on Form 8-K disclosing a set of transaction documents dated August 15, 2025. The exhibits list an Agreement and Plan of Merger among Workhorse Group Inc., several Omaha intermediate entities and Motiv Power Systems, Inc., plus related agreements including a Subordinated Secured Convertible Note, a Security Agreement, a Subsidiary Guarantee, a Purchase and Sale Agreement, and a Form of Waiver, Repayment and Exchange Agreement. The filing also attaches a Joint Press Release announcing the event.
The disclosure shows the company has executed binding transaction documents and provided a public statement, but the filing excerpt does not include financial terms, consideration amounts, or detailed deal mechanics. Those material specifics are not present in the text provided.
Workhorse Group Inc. filed a current report to note that it released its financial results for the quarter ended June 30, 2025. On August 15, 2025, the company issued a press release detailing its quarterly results, which is provided as Exhibit 99.1 to this report.
The company also included standard cautionary language about forward-looking statements, explaining that actual results may differ from expectations and referring readers to its other reports for additional risk factors.
Workhorse Group (WKHS) filed an 8-K on 4-Aug-2025. The filing discloses that the company re-entered a seven-day exclusivity agreement with a privately held U.S. electric commercial-vehicle manufacturer. The pact reinstates restrictions that lapsed on 28-Jul-2025, preventing Workhorse from soliciting or negotiating alternative deals while both sides continue due-diligence on a potential merger in which the target would be combined with a new Workhorse subsidiary for newly issued WKHS shares.
No definitive agreement, valuation or timetable has been reached. A related press release (Exhibit 99.1) was furnished under Regulation FD and is not deemed “filed.” Workhorse states it will file a proxy statement with the SEC if the deal terms are finalized, giving shareholders a vote. The company also lists extensive forward-looking risk factors, including failure to agree, regulatory hurdles, integration challenges, market reaction and continued Nasdaq listing compliance.