Workhorse Group Extends Voting Period for Shareholders
CINCINNATI – Workhorse Group, Inc. (Nasdaq: WKHS), an innovative leader in the transition to zero-emission commercial vehicles, has made an important announcement regarding its upcoming 2025 Annual General Meeting of Shareholders (the "Annual Meeting"). The company will adjourn the meeting, originally scheduled for the current date, and will reconvene on November 25, 2025, at 10:00 a.m. Eastern Time. This virtual meeting allows shareholders to participate from anywhere.
Importance of Shareholder Participation
The decision to reschedule the meeting is aimed at ensuring that every Workhorse shareholder has the opportunity to cast their votes, especially regarding the crucial proposals surrounding the merger with Motiv. Although early votes show strong support for the proposals, the number of votes submitted has not yet met the necessary quorum required for the meeting to proceed as planned.
Why Your Vote Matters
Every single vote is valuable, regardless of the number of shares held. By voting FOR the merger and other proposals, shareholders can directly influence the potential success and future growth of the combined entity in the medium-duty electric vehicle market. This merger is expected to bring substantial benefits and value to shareholders, creating a more formidable player in the commercial electric vehicle sector.
Financial Risks of Not Voting
Neglecting to vote could jeopardize shareholders' investments. The potential failure to close the merger with Motiv could lead Workhorse to operate independently, missing out on significant market opportunities and shareholder value. Thus, the company strongly encourages all shareholders to participate actively in the voting process to safeguard their interests.
Recommendations from Proxy Advisory Firms
Notably, leading independent proxy advisory firms have recognized the merger's strategic value, urging shareholders to vote in favor of the merger. Their recommendations add weight to the need for shareholders to act quickly and decisively in submitting their votes.
Voting Details for Shareholders
Shareholders of record as of the close of business on September 18, 2025, will be eligible to vote. Those who have already cast their votes do not need to take further action. However, for those who wish to vote today, options are available via proxy card, online platforms, or by phone.
Contact and Additional Information
For detailed instructions, shareholders can visit the official voting page. Your participation can significantly shape the future of Workhorse Group. Remember, voting can be done conveniently through multiple avenues, ensuring that every voice is heard.
Company Information
Workhorse Group Inc. specializes in developing zero-emission commercial vehicles and operates its design and manufacturing facility in the United States. Its commitment to providing efficient, eco-friendly vehicles positions the company as a leader in the industry.
Address:
SODALI AND CO
430 Park Avenue, 14th Floor
New York, NY 10022
Contact Details:
Banks and Brokers: (203) 658-9400
Stockholders: (800) 662-5200
E-mail: WKHS@investor.sodali.com
Frequently Asked Questions
What is the purpose of the postponed meeting?
The meeting was postponed to allow shareholders more time to vote on important merger proposals, ensuring sufficient participation.
Why is it crucial to vote for the merger?
Voting for the merger allows shareholders to secure their stake in the future of a leading electric vehicle company, potentially enhancing shareholder value.
How can shareholders cast their votes?
Shareholders can vote via proxy card, online, or by phone. Detailed instructions are available on the company's proxy materials.
Who can vote in this meeting?
Only shareholders recorded as of September 18, 2025, are entitled to vote at the Annual Meeting.
What happens if the merger does not go through?
If the merger fails, Workhorse will operate independently, which could limit growth opportunities and shareholder benefits.
