WKSP 8-K
Worksport Ltd (WKSP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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) |