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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): September 3, 2020
WORKHORSE GROUP INC.
(Exact name of registrant as specified in its charter)
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| Nevada | 000-53704 | 26-1394771 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
100 Commerce Drive, Loveland, Ohio 45140
(Address of principal executive offices) (zip code)
(513) 360-4704
(Registrant's telephone number, including area code)
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))
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock, $0.001 par value per share | | WKHS | | The Nasdaq Capital Market |
Item 8.01. Other Events.
On August 28, 2020, Workhorse Group Inc. (the “Company”) provided all of the holders of its Series B Preferred Stock with notice that the shares of Series B Preferred Stock will be redeemed by the Company in full for cash as of September 28, 2020 pursuant to the Certificate of Designation filed with the Nevada Secretary of State. Dividends on all shares of Series B Preferred Stock to be redeemed will be paid in full as of the redemption date and will cease to accumulate. HT Investments MA LLC, the Company’s secured lender, consented to the redemption of the Series B Preferred Stock and waived any event of default arising out of the redemption without any further payment or compensation.
Item 9.01 Financial Statements and Exhibits.
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| Exhibit No. | | Description |
| 104 | | Cover page from this Current Report on Form 8-K, formatted as Inline XBRL |
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.
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| WORKHORSE GROUP INC. | |
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| Date: September 3, 2020 | By: | /s/ Steve Schrader |
| Name:
Title: | Steve Schrader
Chief Financial Officer
(Principal Financial Officer) |