Worksport holders approve stock split authority

Worksport Ltd. (WKSP) reported the results of its 2026 Annual Meeting of Shareholders held on September 3, 2026.

Rhea-AI Filing Summary

Worksport Ltd. (WKSP) reported the results of its 2026 Annual Meeting of Shareholders held on September 3, 2026. As of the July 7, 2026 record date, the capital structure included 15,282,595 common shares, 100 shares of Series A Preferred Stock, and 427,912 shares of Series C Preferred Stock outstanding. The Series A Preferred carries 51% of the company’s total voting power and is beneficially owned entirely by Chief Executive Officer Steven Rossi; the Series C Preferred has no voting rights.

A total of 24,005,818 votes, or 76.94% of total voting power, were represented, constituting a quorum. Shareholders elected five directors—Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol and Ned L. Siegel—with votes for each nominee around 18.1–18.2 million and broker non-votes of 5,511,481. Shareholders also approved the ratification of Lumsden & McCormick, LLP as independent registered public accounting firm for the year ending December 31, 2026 (23,569,620 votes for; 363,560 against; 72,638 abstentions).

On an advisory, non-binding basis, shareholders expressed support for the Board considering special dividends in connection with any sale of a business unit or material asset (21,904,023 votes for; 2,031,649 against). Shareholders authorized the Board, in its discretion, to effect one or more reverse stock splits in a range of 1‑for‑2 to 1‑for‑250, or one or more forward stock splits, at any time prior to the second anniversary of the meeting, with the ability to abandon such actions if deemed advisable. A separate Proposal No. 5 was withdrawn during the meeting and was not voted upon.

8-K Event Classification

Item 5.07 — Submission of Matters to a Vote of Security Holders

1 item

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Key Figures

Common shares outstanding on record date: 15,282,595 shares Series A Preferred voting power: 51% of total voting power Total votes represented: 24,005,818 votes +5 more

8 metrics

Common shares outstanding on record date 15,282,595 shares As of the close of business on July 7, 2026

Series A Preferred voting power 51% of total voting power Series A Preferred Stock voting rights regardless of shares outstanding

Total votes represented 24,005,818 votes Votes present in person or by proxy at the 2026 Annual Meeting

Voting turnout 76.94% of total voting power Voting power represented at the Annual Meeting

Director election support (example) 18,233,473 votes for Votes for director nominee Steven Rossi, with 260,864 withheld

Auditor ratification support 23,569,620 votes for Ratification of Lumsden & McCormick, LLP; 363,560 against, 72,638 abstentions

Special dividend advisory support 21,904,023 votes for Advisory proposal on considering special dividends; 2,031,649 against, 70,146 abstentions

Authorized reverse split range 1-for-2 to 1-for-250 Range of reverse stock split ratios authorized for potential future use

Key Terms

reverse stock splits, forward stock splits, broker non-votes, independent registered public accounting firm, +1 more

5 terms

reverse stock splits financial

"authorized the Board of Directors, in its discretion, to effect one or more reverse stock splits"

A reverse stock split is when a company combines multiple existing shares into fewer higher-priced shares—like trading four small slices of a pie for one larger slice. It doesn’t change the overall value of an investor’s holdings immediately, but it raises the per-share price and can matter to investors because it can affect market perception, stock exchange listing eligibility, and trading liquidity, and it changes share counts used in investor metrics.

forward stock splits financial

"or one or more forward stock splits of the Company’s outstanding common stock"

broker non-votes financial

"Votes For | | Withheld | | Broker Non-Votes"

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

independent registered public accounting firm financial

"ratification of the appointment of Lumsden & McCormick, LLP as the Company’s independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

advisory and non-binding basis regulatory

"Shareholders approved, on an advisory and non-binding basis, the proposal expressing stockholder support"

FAQ

What key matters did Worksport Ltd. (WKSP) shareholders approve at the 2026 Annual Meeting?

Shareholders elected five directors, ratified Lumsden & McCormick, LLP as auditor for 2026, gave advisory support for considering special dividends tied to asset or business unit sales, and authorized the Board to implement reverse or forward stock splits within specified parameters.

How concentrated is voting control at Worksport Ltd. (WKSP)?

The company states its Series A Preferred Stock holds 51% of total voting power regardless of share count. All 100 Series A shares are beneficially owned by Chief Executive Officer Steven Rossi, giving him majority voting control over shareholder matters.

How many Worksport Ltd. (WKSP) shares were entitled to vote at the 2026 Annual Meeting?

As of the July 7, 2026 record date, there were 15,282,595 common shares, 100 Series A Preferred shares, and 427,912 Series C Preferred shares outstanding. The Series C Preferred has no voting rights, while Series A carries 51% voting power in total.

What was the quorum and turnout at Worksport Ltd.’s 2026 Annual Meeting?

A total of 24,005,818 votes, representing 76.94% of the total voting power entitled to vote, were present in person or by proxy. The company states this constituted a quorum under Nevada law and its bylaws.

What stock split authority did Worksport Ltd. (WKSP) shareholders grant the Board?

Shareholders authorized the Board, in its discretion, to effect one or more reverse stock splits at ratios from 1‑for‑2 to 1‑for‑250, or one or more forward stock splits, at any time before the second anniversary of the meeting, with the option to abandon any such action.

Did Worksport Ltd. (WKSP) shareholders support potential special dividends?

On an advisory, non-binding basis, shareholders approved support for the Board considering special dividends when the company sells a business unit or material asset, subject to law and fiduciary duties, with 21,904,023 votes for, 2,031,649 against, and 70,146 abstentions.

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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): September 3, 2026

WORKSPORT LTD.

(Exact name of registrant as specified in its charter)

Nevada		001-40681		35-2696895
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2500 N America Dr

West Seneca, New York 14224
(Address of principal executive offices) (ZIP Code)

(888) 554-8789

Registrant’s telephone number, including area code

Not Applicable
(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 Symbols		Name of each exchange on which registered
Common Stock		WKSP		The Nasdaq Stock Market LLC

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 5.07 Submission of Matters to a Vote of Security Holders.

On September 3, 2026, Worksport Ltd., a Nevada corporation (the “Company”), held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”).

As of the close of business on July 7, 2026, the record date for the determination of shareholders entitled to vote at the Annual Meeting, there were 15,282,595 shares of the Company’s common stock, 100 shares of Series A Preferred Stock and 427,912 shares of Series C Preferred Stock issued and outstanding. Holders of common stock are entitled to one vote per share. The Series A Preferred Stock is entitled to 51% of the total voting power of the Company regardless of the number of shares outstanding. Steven Rossi, the Company’s Chief Executive Officer, President and Chairman of the Board of Directors (the “Board”), beneficially owns 100% of the outstanding Series A Preferred Stock. The Series C Preferred Stock has no voting rights.

At the Annual Meeting, a total of 24,005,818 votes were represented in person or by proxy, constituting 76.94% of the total voting power entitled to vote and a quorum under Nevada law and the Company’s Bylaws.

The final voting results for each proposal submitted to a vote of shareholders are set forth below.

1. Election of the five nominees to the Board:

Name		Votes For		Withheld		Broker Non-Votes
Steven Rossi		18,233,473		260,864		5,511,481
Lorenzo Rossi		18,181,165		313,172		5,511,481
Craig Loverock		18,119,374		374,963		5,511,481
William Caragol		18,135,830		358,507		5,511,481
Ned L. Siegel		18,177,661		316,676		5,511,481

Shareholders elected each of the following five nominees to serve as directors until the Company’s 2027 annual meeting of shareholders or until their successors are duly elected and qualified: Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol and Ned L. Siegel.

2. Ratification of Lumsden & McCormick, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026:

Votes For		Votes Against		Abstentions		Broker Non-Votes
23,569,620		363,560		72,638		0

Shareholders approved the ratification of the appointment of Lumsden & McCormick, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

3. Advisory proposal expressing stockholder support for the Board to consider declaring special dividends in connection with the sale of any business unit or material asset:

Votes For		Votes Against		Abstentions		Broker Non-Votes
18,109,611		325,848		58,878		5,511,481

Shareholders approved, on an advisory and non-binding basis, the proposal expressing stockholder support for the Board of Directors to consider declaring special dividends in connection with the sale of any business unit or material asset of the Company, subject to applicable law and the Board’s fiduciary duties.

4. Authorization for the Board of Directors to effect reverse and/or forward stock splits:

Votes For		Votes Against		Abstentions		Broker Non-Votes
21,904,023		2,031,649		70,146		0

Shareholders authorized the Board of Directors, in its discretion, to effect one or more reverse stock splits of the Company’s outstanding common stock at an aggregate ratio of not less than 1-for-2 and not greater than 1-for-250, with the exact number, timing and ratio of any such reverse stock splits to be determined by the Board, or one or more forward stock splits of the Company’s outstanding common stock, with the exact number, timing and ratio of any such forward stock splits to be determined by the Board, at any time prior to the second anniversary of the Annual Meeting, and, in either case, to abandon such action if deemed advisable by the Board.

5. Adjournment of the Annual Meeting:

Proposal No. 5 was not submitted to a formal vote at the Annual Meeting. The Chairman announced during the meeting that Proposal No. 5 was no longer necessary because sufficient votes had been received to approve the other proposals, and accordingly, no action was taken on Proposal No. 5.

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.

WORKSPORT LTD.
Date: September 4, 2026	By:	/s/ Steven Rossi
	Name:	Steven Rossi
	Title:	Chief Executive Officer (Principal Executive Officer)

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.9 KB