Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 183

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 183
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 EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

Set
forth below is a list of the names, ages and positions of our executive officers and directors as of March 27, 2025:

    Name:
     
    Age
     
    Position(s):
     
    Director
    or Executive Officer Since:
  
    Steven Rossi
     
    39
     
    Chief
        Executive Officer, President, Secretary, Chair of the Board of Directors
    (Principal
    Executive Officer)
     
    November 7, 2014

    Michael Johnston
     
    44
     
    Chief
        Financial Officer
    (Principal
    Financial and Accounting Officer)
     
    December 5, 2017

    Lorenzo Rossi
     
    70
     
    Director
     
    December 9, 2014

    Craig Loverock
     
    54
     
    Independent Director*
     
    April 22, 2019

    William Caragol
     
    58
     
    Independent Director#
     
    June 30, 2021

    Ned L. Siegel
     
    73
     
    Independent Director†
     
    June 30, 2021

*
Audit Committee Chair

#
Compensation Committee Chair

†
Nominating and Corporate Governance Chair

A
brief description of the background and business experience of our executive officers and directors for the past five years is as follows:

Steven
Rossi has served as the Chief Executive Officer, President, Secretary and Chair of the Board of Directors of the Company since November
7, 2014. Mr. Rossi attended the University of Toronto from 2005 to 2007, majoring in Life Science and pausing his post-secondary education
to begin his career as an entrepreneur, visionary, and founder. Mr. Rossi founded two automotive-based companies in 2005 and 2006, respectively,
and he managed and grew their respective operations for several years. Mr. Rossi then founded Worksport Ontario, a wholly owned operating
entity of the Company, in 2011, and he has since been granted numerous patents across the United States and Canada – all of which
he assigned exclusively to Worksport. In a short time since raising substantial funds in 2021 with which to grow Worksport, Mr. Rossi
has been instrumental in retrofitting a distribution facility in West Sen