Welcome to our dedicated page for Workhorse Group SEC filings (Ticker: WKHS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Workhorse Group, Inc. filings document the reporting obligations of a Nasdaq-listed Nevada corporation that designs, manufactures, sells and supports all-electric commercial vehicles. The record includes Current Reports on Form 8-K and amendments covering material agreements, credit facilities, direct financial obligations, Regulation FD presentations, litigation-related disclosures, executive compensation and audit-report exhibits.
Annual, quarterly and proxy filings referenced by the company address operating results, risk factors, shareholder voting matters, governance and capital-structure matters tied to its electric truck, step van, shuttle and bus business.
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. executive James Francis Griffin has filed an initial ownership report stating that he currently holds no company securities. As Chief Revenue Officer of Workhorse Group Inc., he reports no beneficial ownership of either common shares or derivative securities such as options or warrants.
Workhorse Group Inc. filed an initial insider ownership report for Chief Product Officer Scott William Zion in connection with an event dated 12/15/2025. The filing states that no securities of Workhorse Group Inc. are beneficially owned, meaning the officer reports holding no company shares or derivative securities.
Workhorse Group Inc. insider filing: Entities associated with investor and director Gary Magness report beneficial ownership of 6,629,800 shares of Workhorse Group Inc. common stock. The holding is shown as directly held, with footnotes explaining that Motive Holdings II LLC and GMIT Lending Company, LLC may be deemed to beneficially own these securities based on their management structure.
Gary Magness is described as managing member or manager of these entities and may be deemed to beneficially own the reported shares through those roles, while each reporting person expressly disclaims beneficial ownership except to the extent of its or his pecuniary interest. The statement is filed as a joint filing under a joint filing agreement.
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. director reports merger-related stock transaction. On 12/15/2025, a reporting person serving as a director of Workhorse Group Inc. converted 5,051 restricted stock units into common stock at an exercise price of $0, then sold 5,051 shares of common stock at $6.51 per share. After these transactions, the director beneficially owned 133 shares of Workhorse common stock directly.
The disclosure notes that Workhorse completed multiple reverse stock splits on June 17, 2024, March 17, 2025, and December 8, 2025, which reduced the number of shares and adjusted equity awards. It also explains that, under an Agreement and Plan of Merger dated August 15, 2025, all outstanding equity awards vested immediately before the merger, with performance goals deemed met at target, and that the reported restricted stock units were granted on August 18, 2025 and vested in connection with the merger.
Workhorse Group Inc. director Alan S. Henricks reported a stock transaction involving restricted stock units and common shares. On December 15, 2025, 1,894 restricted stock units converted into 1,894 shares of common stock at a price of $0 per share, and the same 1,894 shares were then sold at $6.51 per share, leaving 0 shares of common stock beneficially owned directly after the transaction.
The filing explains that Workhorse completed three reverse stock splits on June 17, 2024, March 17, 2025, and December 8, 2025, which reduced share counts and adjusted equity awards. It also notes an Agreement and Plan of Merger dated August 15, 2025 with Omaha entities and Motiv Power Systems, under which all outstanding equity awards vest immediately before the merger’s effective time, with these August 18, 2025 RSUs vesting and settling in cash based on the fair market value of the common stock.