Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 45

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 45
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 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 Seneca, New York into a manufacturing facility. He was further
responsible for facilitating the research and development and planning the launch of new tonneau cover product lines; as these product
lines were well-received by the consumer market, and as demand for them increased, Mr. Rossi then orchestrated the scaling of production
through coordinating with teams across multiple states and disciplines to meet consumer demand. Through his two decades of business experience
in the automotive sector, Steven Rossi possesses the knowledge and experience in establishing, managing, and growing automotive companies
that aid him in efficiently and effectively identifying and executing the Company’s strategic priorities. As our Chief Executive
Officer, President, Chair and founder, Mr. Rossi brings to the Board extensive knowledge of the Company’s products, structure,
history, and culture as well as years of expertise in the industry and is qualified to be a member of the Company’s Board of Directors.

Michael
Johnston CPA, CA, has been serving as the Chief Financial Officer of the Company since December 5, 2017. Mr. Johnston has been a
partner with Forbes Andersen