Workhorse Group Inc. Files 8-K with Key Disclosures

TL;DR

Workhorse Group filed an 8-K on June 12th detailing events from June 6th, including Reg FD, other events, and financials.

AI Summary

Workhorse Group Inc. filed an 8-K on June 12, 2024, reporting events that occurred on June 6, 2024. The filing includes a Regulation FD Disclosure, other events, and financial statements and exhibits. The company's principal executive offices are located at 3600 Park 42 Drive, Suite 160E, Sharonville, Ohio 45241.

Why It Matters

This 8-K filing provides important updates and disclosures from Workhorse Group Inc. to investors and the public, covering regulatory, operational, and financial information.

Risk Assessment

Risk Level: medium — 8-K filings can contain significant company news, including financial results, regulatory actions, or material events, which could impact stock price.

Key Players & Entities

• Workhorse Group Inc. (company) — Registrant
• June 6, 2024 (date) — Earliest event date
• June 12, 2024 (date) — Filing date
• 3600 Park 42 Drive, Suite 160E, Sharonville, Ohio 45241 (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share WKHS The Nasdaq
• $375,000 — e monthly cost savings of approximately $375,000 and enhances the Company's ability to c

Filing Documents

• ea0207698-8k_workhorse.htm (8-K) — 31KB
• ea020769801ex99-1_workhorse.htm (EX-99.1) — 24KB
• ex99-1_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-051896.txt ( ) — 238KB
• wkhs-20240606.xsd (EX-101.SCH) — 3KB
• wkhs-20240606_lab.xml (EX-101.LAB) — 33KB
• wkhs-20240606_pre.xml (EX-101.PRE) — 22KB
• ea0207698-8k_workhorse_htm.xml (XML) — 4KB

01. Regulation

Item 7.01. Regulation FD Disclosure. On June 12, 2024, the Company issued a press release announcing the Aero Divestiture (as defined below) and the Company's collaboration with Kingsburg Truck Sales. Pursuant to Item 7.01 of Form 8-K, a copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 and Item 9.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in any such filing, unless expressly incorporated by specific reference in such filing.

01. Other Events

Item 8.01. Other Events. On June 6, 2024, the Company completed the previously disclosed divestiture of its Aero business (the "Aero Divestiture") to a third party. The Company expects the Aero Divestiture to provide monthly cost savings of approximately $375,000 and enhances the Company's ability to concentrate on its commercial electric vehicle truck business. Under the agreement's earn-out provisions, the Company will receive a portion of the proceeds if the Aero business realizes revenues from certain contingent sources.

Forward-Looking Statements

Forward-Looking Statements The discussions in this Current Report on Form 8-K contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this Current Report on Form 8-K, the words "anticipate," "expect," "plan," "believe," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements about the features, benefits and performance of our products, our ability to introduce new product offerings and increase revenue from existing products, expected expenses including those related to selling and marketing, product development and general and administrative, our beliefs regarding the health and growth of the market for our products, anticipated increase in our customer base, expansion of our products functionalities, expected revenue levels and sources of revenue, expected impact, if any, of legal proceedings, the adequacy of our liquidity and capital resources, the likelihood of us obtaining additional financing in the immediate future and the expected terms of such financing, and expected growth in business. Forward-looking could cause actual results to differ materially from the forward-looking statements contained in this Current Report on Form 8-K. Factors that could cause actual results to differ materially include, but are not limited to: our ability to develop and manufacture our new product portfolio, including the W4CC, W750, W56 and WNext platforms; our ability to attract and retain customers for our existing and new products; risks associated with obtaining orders and executing upon such orders; the unavailabilit

01. Exhibits

Item 9.01. Exhibits. Exhibit No. Description 99.1 Press Release, dated June 12, 2024. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 1

SIGNATURES

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: June 12, 2024 By: /s/ James D. Harrington Name: James D. Harrington Title: General Counsel, Chief Compliance Officer and Secretary 2

View Full Filing

View this 8-K filing on SEC EDGAR