Company: WKSP
Filing Date: 2025-10-20
Form Type: PRE 14A
Source: 0001493152-25-018681
Chunk: 8

Company: Worksport Ltd
Filing Date: 2025-10-20
Form: PRE 14A
Chunk 8
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 such failure may contribute to a quorum not being present at the meeting. Broker non-votes will have no effect on the outcome of the votes for this proposal.

The Board recommends that our stockholders vote FOR the approval and ratification of the non-plan stock option grants previously approved by the Board in accordance with Nasdaq Listing Rule 5635(c).

Q: What are my voting choices when voting for the approval of the amendment to the Worksport Ltd. 2022 Equity Incentive Plan?

A: You may vote for or against the approval of the proposed amendment to the Worksport Ltd. 2022 Equity Incentive Plan, or you may abstain from voting on this proposal.

Approval of this proposal requires the affirmative vote of a majority of the votes cast at the Annual Meeting, whether in person or by proxy, provided that a quorum is present. An abstention will not be counted for or against the proposal and therefore will not affect the outcome of the vote. Failure of record holders to submit a signed proxy card or grant a proxy electronically over the Internet or by telephone will have no effect on the outcome of the vote for this item, although such failure may contribute to a quorum not being present at the meeting. Broker non-votes will have no effect on the outcome of the votes for this proposal.

The Board unanimously recommends that stockholders vote FOR the approval of the amendment to the Worksport Ltd. 2022 Equity Incentive Plan to change the evergreen formula from an annual increase of 15% to a quarterly increase of 18% of the Company’s outstanding shares.

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Q: What are my voting choices when voting for the approval of the adjournment of the Annual Meeting, to permit further solicitation of proxies, if necessary or appropriate?

A: You may vote in favor of the approval of the adjournment of the Annual Meeting, to permit further solicitation of proxies, if necessary or appropriate.

Shareholder approval for the approval of the adjournment of the Annual Meeting, to permit further solicitation of proxies, if necessary or appropriate, requires the affirmative vote of a majority of the shares present at the meeting in person or by proxy and entitled to vote.

The Board recommends that our stockholders vote FOR the approval of the adjournment of the Annual Meeting, to permit further solicitation of proxies, if necessary or appropriate.

Q: Could other matters be decided at the Annual Meeting?

A: As of the date of this Proxy Statement, we do not know of