Worksport (NASDAQ:WKSP) Reports Results of 2024 Annual Shareholder Meeting

On December 6, 2024, Worksport Ltd. (NASDAQ:WKSP), a Nevada corporation, conducted its virtual 2024 Annual Shareholder Meeting. At the close of business on October 11, 2023, the record date for voting eligibility, 30,920,609 shares of common stock and 100 shares of Series A Preferred Stock were outstanding. Steven Rossi, the Chief Executive Officer, President, and Chairman of the Board, holds 100% of the Series A Preferred Stock, conferring 51% of the Company’s total power to him.

During the Meeting, a total of 47,191,916 voting shares were represented, which accounts for approximately 74.78% of the total outstanding voting shares. All 100 shares of Series A Preferred Stock were voted at the meeting, meeting the quorum requirement for conducting business under Nevada Revised Statutes and the Company’s bylaws.

The results of the Meeting included the election of five nominees to the Board, all of whom were elected to serve until the 2025 annual meeting. The nominees included Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol, and Ned L. Siegel, with each nominee receiving significant support from shareholders.

Furthermore, the Company’s selection of Lumsden & McCormick, LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified by shareholders. Additionally, the compensation paid to the named executive officers received non-binding and advisory approval from the shareholders.

Lastly, the proposal for adjournment of the meeting to permit further solicitation of proxies, if necessary, was approved by shareholders, ensuring the completion of all necessary actions. Worksport Ltd., represented by Steven Rossi, Chief Executive Officer, authorized the filing of this report as of December 10, 2024.

The Worksport Ltd.’s securities are listed on The Nasdaq Stock Market LLC under the trading symbol WKSP.

The information provided above was sourced from the recent 8-K filing with the Securities and Exchange Commission (SEC).

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Worksport’s 8K filing here.

Worksport Company Profile

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.