Workhorse Group urges shareholders vote ‘FOR’ all proposals

Workhorse Group (WKHS) reminds all shareholders to vote “FOR” all proposals in connection with Workhorse’s upcoming Annual Meeting. The company said, “In casting your vote, Workhorse reminds you that: Leading independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. have both recognized the compelling value of the transaction and recommended shareholders vote FOR the merger. Workhorse believes the transaction with Motiv is the only viable path forward for the Company and its shareholders. Failure to vote FOR the transaction, including not voting at all, will prevent the transaction from closing. Workhorse would likely continue to face liquidity issues and may need to pursue a restructuring, in which shareholders’ equity would likely recover very little or no value.”