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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): April 30, 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, par value $0.001 |
|
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
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
(a)
Resignation of Chief Financial Officer.
On
April 30, 2026, Michael Johnston informed Worksport Ltd., a Nevada corporation (the “Company”), of his resignation as the
Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer. The Company’s Board of Directors
(the “Board”) accepted Mr. Johnston’s resignation on April 30, 2026. Mr. Johnston’s resignation will be effective
5:00 p.m. (Eastern Time) on April 30, 2026.
Mr.
Johnston’s resignation was not the result of any disagreement with the Company regarding its operations, policies or practices,
including any matter relating to the Company’s financial reporting or accounting practices. The Company expects to complete the
transition to an in-house finance function in connection with the appointment described below.
(b)
Appointment of New Chief Financial Officer.
On
April 30, 2026, the Board appointed Jennifer Kartychak as the Company’s Chief Financial Officer, effective May 1, 2026. Ms. Kartychak
will serve as the Company’s Principal Financial Officer and Principal Accounting Officer. Ms. Kartychak, age 44, currently serves
as the Company’s Vice President of Finance, a position held since January 1, 2026. From August 2023 to her appointment as the Company’s
Vice President of Finance, Ms. Kartychak provided consulting services to the Company through Arend Advisory Group LLC, an entity wholly
owned by Ms. Kartychak. Ms. Kartychak’s professional background includes over ten (10) years of experience in public accounting,
of which approximately five (5) years were with Ernst & Young LLP (“EY”), where she advanced to the position of Manager
in the firm’s Assurance Services practice. While at EY, Ms. Kartychak enhanced her strong foundation in manufacturing and public
company reporting requirements. Ms. Kartychak departed EY in 2010 to serve as Corporate Accounting Manager at Moog Inc. (NYSE: MOG.A).
Ms. Kartychak held this position from May 2010 to June 2016 and assumed increasing levels of responsibility during her tenure. Ms. Kartychak’s
responsibilities provided her extensive experience with SEC reporting requirements, management of technical accounting areas, management
of acquisitions and divestitures, oversight of governance practices, significant involvement with executive management, and management
of internal reporting practices. Ms. Kartychak holds a Bachelor of Science in Accounting and a Bachelor of Science in Accounting Information
Systems from Canisius University. Ms. Kartychak is a Certified Public Accountant licensed in the State of New York and is a member of
the American Institute of Certified Public Accountants.
(c)
Compensatory Arrangements of Certain Officers.
In
connection with Ms. Kartychak’s appointment as Vice President of Finance, on January 1, 2026, Worksport USA Operations Corporation,
the Company’s wholly owned operating subsidiary, and Ms. Kartychak entered into an Executive Employment Agreement (the “Employment
Agreement”). The Employment Agreement provides for, among other things: (i) an annual base salary of $220,000; (ii) eligibility
for an annual cash bonus with a target payout of $75,000, structured in tranches and payable upon achievement of specific corporate milestones
and individual key performance indicators (KPIs) set forth in the Employment Agreement; and (iii) an award of a non-qualified stock option
under the Worksport Ltd. 2022 Equity Incentive Plan exercisable to purchase up to 100,000 shares of the Company’s common stock,
at an exercise price equal to the fair market value of the Company’s common stock on the date of grant. The option is subject to
continued employment and vests pursuant to time- and performance-based objectives set forth in the Employment Agreement. In addition,
the Board has approved a grant of shares of the Company’s common stock to Arend Advisory Group LLC, an entity wholly owned by Ms.
Kartychak (the “Stock Grant”), and the Company has authorized the issuance of 13,000 shares of the Company’s common
stock to Arend Advisory Group LLC, an entity wholly owned by Ms. Kartychak, pursuant to the Stock Grant, as approved by the Board in
connection with the CFO transition resolutions. The foregoing description of the Employment Agreement is qualified in its entirety by
reference to the Employment Agreement, which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
There
are no arrangements or understandings between Ms. Kartychak and any other person pursuant to which she was appointed as Chief Financial
Officer. There are no family relationships between Ms. Kartychak and any director or executive officer of the Company. Prior to Ms. Kartychak’s
appointment as Chief Financial Officer, the Company engaged Arend Advisory Group LLC, an entity wholly owned by Ms. Kartychak, beginning
in August 2023 to provide consulting services to the Company. The Company paid Arend Advisory Group LLC approximately $8,000, $134,000
and $158,000 during the fiscal years ended December 31, 2023, 2024 and 2025, respectively. The Company paid Arend Advisory Group LLC
approximately $17,000 from January 1, 2026 through April 29, 2026 related to services rendered prior to her employment agreement. The
Company issued Arend Advisory Group LLC 19,768 shares of common stock for services rendered between August 2003 and December 2025. Other
than the foregoing, the Company has determined that there are no transactions involving Ms. Kartychak that would require disclosure under
Item 404(a) of Regulation S-K.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| 10.1 |
|
Executive Employment Agreement, dated January 1, 2026, by and between Worksport USA Operations Corporation and Jennifer Kartychak. |
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document). |
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:
May 1, 2026 |
By: |
/s/
Steven Rossi |
| |
Name: |
Steven
Rossi |
| |
Title: |
President
and Chief Executive Officer
(Principal Executive Officer) |
