Form 8-K - Current report
15 Décembre 2023 - 11:25PM
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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):
December
12, 2023
Worksport,
LTD
(Exact
Name of Registrant as Specified in its Charter)
Nevada |
|
001-40681 |
|
35-2696895 |
(State
of
incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
2500
N America Dr
West
Seneca, NY 14224
(Address
of principal executive offices)
888-554-8789
(Registrant’s
telephone number, including area code)
N/A
(Former
Name or former address if changed from 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 (see General Instruction A.2. below):
☐ |
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
Symbol(s) |
|
Name
of each exchange on which registered |
Common
|
|
WKSP |
|
The
Nasdaq Stock Market LLC |
Warrants |
|
WKSPW |
|
The
Nasdaq Stock Market LLC |
Item
5.07 Submission of Matters to a Vote of Security Holders.
On
December 12, 2023, Worksport Ltd., a Nevada corporation (the “Company”), held its virtual 2023 Annual Shareholder Meeting
(the “Meeting”).
As
of the close of business on October 18, 2023, the record date for the determination of shareholders entitled to vote at the Meeting,
there were 17,507,115 shares of common stock, par value $0.0001 per share, issued and outstanding, and 100 shares of Series A Preferred
Stock, par value $0.0001 per share, 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 power of the Company regardless of the number of shares of Series A Preferred Stock that
are outstanding. Steven Rossi, the Company’s Chief Executive Officer, President and Chairman of the Board, beneficially owns 100%
of the outstanding Series A Preferred Stock.
At
the Meeting, a combined total of 22,983,034 shares of the voting stock, including both common stock and Series A Preferred Stock, were
represented in person or by proxy. This represents approximately 64.32% of the total outstanding voting shares. All 100 shares of Series
A Preferred Stock, representing 51% of the voting power, were voted at the Meeting. The presence of these shares, both common stock and
Series A Preferred Stock, constituted a quorum pursuant to the Nevada Revised Statutes and the bylaws of the Company, allowing for the
transaction of business at the Meeting.
The
final results for each of the matters considered at the Meeting were as follows:
|
1. |
Election
of the five nominees to the Board: |
Name | |
Votes For | | |
Votes Against | | |
Withheld | | |
Broker Non-Votes | |
Steven Rossi | |
| 20,082,288 | | |
| 0 | | |
| 126,518 | | |
| 2,774,228 | |
Lorenzo Rossi | |
| 20,056,495 | | |
| 0 | | |
| 152,311 | | |
| 2,774,228 | |
Craig Loverock | |
| 19,867,925 | | |
| 0 | | |
| 340,881 | | |
| 2,774,228 | |
William Caragol | |
| 19,869,546 | | |
| 0 | | |
| 339,260 | | |
| 2,774,228 | |
Ned L. Siegel | |
| 19,865,416 | | |
| 0 | | |
| 343,390 | | |
| 2,774,228 | |
Each
director nominee was elected to serve as a director until the Company’s 2024 annual meeting of shareholders, or until such person’s
successor is duly elected and qualified, or until such person’s earlier resignation, death, or removal. Due to the fact that directors
are elected by a plurality of the votes cast, votes could only be cast in favor of or withheld from the nominees and thus votes against
were not applicable.
|
2. |
Ratification
of the selection of Lumsden & McCormick, LLP as the Company’s independent registered public accounting firm for the fiscal
year ending December 31, 2023: |
Votes For | | |
Votes Against | | |
Abstentions | |
| 22,812,658 | | |
| 98,578 | | |
| 71,798 | |
The
affirmative vote of the holders of a majority of the outstanding shares was required for approval. The proposal was approved.
|
3. |
Adjournment
of the meeting to permit further solicitation of proxies, if necessary or appropriate |
Votes For | | |
Votes Against | | |
Abstentions | |
| 22,518,031 | | |
| 375,948 | | |
| 89,055 | |
The
affirmative vote of the holders of a majority of the outstanding shares was required for approval. The proposal was approved.
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:
December 15, 2023 |
By: |
/s/
Steven Rossi |
|
Name: |
Steven
Rossi |
|
Title: |
Chief
Executive Officer
(Principal
Executive Officer) |
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