Business
Workhorse Highlights ISS Recommendation that Stockholders Vote FOR the Proposal to Increase the Number of Authorized Shares
CINCINNATI, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on
About this update from Workhorse Group, Inc.
[{"type":"text","content":"CINCINNATI, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, today highlighted the recommendation by leading independent proxy advisor Institutional Shareholder Services Inc. (“ISS”) that Workhorse stockholders vote FOR the proposal to increase the number of authorized shares of Workhorse common stock in connection with the upcoming Special Meeting, which is scheduled to be held on August 28, 2023. The Company issued the following statement: We have taken decisive steps to rebuild Workhorse over the last two years, and we are making important progress executing our strategy to stabilize, fix and ultimately grow Workhorse. We have revamped our management team, revitalized our facilities and are advancing on our clear product roadmap across our commercial EVs and Aerospace businesses. At the same time, from a position of strength, we are exploring a range of options to ensure we have the financial resources to achieve our goals. To be successful, we need our stockholders’ support to help us build a financial bridge to continued growth and value creation. We encourage our stockholders to follow ISS’s recommendation and vote FOR the proposal to increase the number of authorized shares of Workhorse common stock. For more information regarding the proposal and how to vote visit www.VoteWKHS.com. YOUR VOTE IS IMPORTANT TO THE FUTURE OF WORKHORSE The Workhorse Board of Directors strongly urges stockholders to vote the proposal to increase the number of authorized shares of Workhorse common stock. Holders of a majority of ALL our shares of common stock are required to vote in favor of this proposal for it to be approved. The Company, therefore, urges stockholders to vote FOR the proposal today. Please follow the instructions shown on the proxy card or voting instruction form to vote your shares today. You can vote online or by phone until 11:59 P.M. ET on August 27, 2023. Or you can sign and mail in your proxy card. Stockholders who have questions or need assistance voting your shares, please contact Morrow Sodali, Workhorse’s proxy solicitor: Phone: [email protected] About Workhorse Group Inc.Workhorse is a technology company focused on providing grou...