Form 8-K
8-K — Worksport Ltd
Accession: 0001493152-26-020912
Filed: 2026-05-01
Period: 2026-04-30
CIK: 0001096275
SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-10.1 (ex10-1.htm)
GRAPHIC (ex10-1_001.jpg)
GRAPHIC (ex10-1_002.jpg)
GRAPHIC (ex10-1_003.jpg)
GRAPHIC (ex10-1_004.jpg)
GRAPHIC (ex10-1_005.jpg)
GRAPHIC (ex10-1_006.jpg)
GRAPHIC (ex10-1_007.jpg)
GRAPHIC (ex10-1_008.jpg)
GRAPHIC (ex10-1_009.jpg)
GRAPHIC (ex10-1_010.jpg)
GRAPHIC (ex10-1_011.jpg)
GRAPHIC (ex10-1_012.jpg)
GRAPHIC (ex10-1_013.jpg)
GRAPHIC (ex10-1_014.jpg)
GRAPHIC (ex10-1_015.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: form8-k.htm · Sequence: 1
false
0001096275
0001096275
2026-04-30
2026-04-30
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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)
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit 10.1
GRAPHIC
GRAPHIC
Filename: ex10-1_001.jpg · Sequence: 3
Binary file (424628 bytes)
Download ex10-1_001.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_002.jpg · Sequence: 4
Binary file (408475 bytes)
Download ex10-1_002.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_003.jpg · Sequence: 5
Binary file (405232 bytes)
Download ex10-1_003.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_004.jpg · Sequence: 6
Binary file (395752 bytes)
Download ex10-1_004.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_005.jpg · Sequence: 7
Binary file (461145 bytes)
Download ex10-1_005.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_006.jpg · Sequence: 8
Binary file (466549 bytes)
Download ex10-1_006.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_007.jpg · Sequence: 9
Binary file (463167 bytes)
Download ex10-1_007.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_008.jpg · Sequence: 10
Binary file (464431 bytes)
Download ex10-1_008.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_009.jpg · Sequence: 11
Binary file (472152 bytes)
Download ex10-1_009.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_010.jpg · Sequence: 12
Binary file (432718 bytes)
Download ex10-1_010.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_011.jpg · Sequence: 13
Binary file (375221 bytes)
Download ex10-1_011.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_012.jpg · Sequence: 14
Binary file (315304 bytes)
Download ex10-1_012.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_013.jpg · Sequence: 15
Binary file (78270 bytes)
Download ex10-1_013.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_014.jpg · Sequence: 16
Binary file (178712 bytes)
Download ex10-1_014.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_015.jpg · Sequence: 17
Binary file (99852 bytes)
Download ex10-1_015.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 22
v3.26.1
Cover
Apr. 30, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Apr. 30, 2026
Entity File Number
001-40681
Entity Registrant Name
WORKSPORT
LTD.
Entity Central Index Key
0001096275
Entity Tax Identification Number
35-2696895
Entity Incorporation, State or Country Code
NV
Entity Address, Address Line One
2500
N America Dr
Entity Address, City or Town
West
Seneca
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
14224
City Area Code
(888)
Local Phone Number
554-8789
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common
Stock, par value $0.001
Trading Symbol
WKSP
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration