Worksport (WKSP) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held in person on September 3, 2026, with shareholders voting on five key proposals, including director elections, auditor ratification, special dividends, stock splits, and potential adjournment.

• Shareholders of record as of July 7, 2026, are eligible to vote, with Series A Preferred Stock holding 51% of total voting power, all owned by the CEO.

• Voting can be done online, by phone, or by mail, and the Board recommends voting FOR all proposals.

Voting matters and shareholder proposals

• Proposal 1: Elect five directors to serve until the 2027 annual meeting.

• Proposal 2: Ratify Lumsden & McCormick, LLP as independent auditors for 2026.

• Proposal 3: Advisory vote supporting Board consideration of special dividends upon sale of business units or assets.

• Proposal 4: Authorize Board to effect reverse (1-for-2 to 1-for-250) or forward stock splits within two years.

• Proposal 5: Approve adjournment of the meeting to permit further proxy solicitation if needed.

Board of directors and corporate governance

• Board consists of five directors, with three deemed independent under Nasdaq rules.

• Steven Rossi serves as CEO, President, and Chairman; Lorenzo Rossi (his father) is also a director.

• Board committees include Audit, Compensation, and Nominating & Corporate Governance, each with defined charters and independent membership.

• Code of Conduct and Insider Trading Policy are in place for directors, officers, and employees.