Workhorse Group Management
Management criteria checks 3/4
Workhorse Group's CEO is Rick Dauch, appointed in Aug 2021, has a tenure of 3.33 years. total yearly compensation is $3.39M, comprised of 28.8% salary and 71.2% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth $114.85K. The average tenure of the management team and the board of directors is 3.3 years and 3.3 years respectively.
Key information
Rick Dauch
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 28.8% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.3yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
Workhorse Group (NASDAQ:WKHS) Will Have To Spend Its Cash Wisely
May 16
Workhorse: Real Company Priced For Disaster
Oct 14We're Keeping An Eye On Workhorse Group's (NASDAQ:WKHS) Cash Burn Rate
Sep 23Workhorse: Resolving Concerns And Gearing Up For Production
Aug 04If Workhorse Fails, It Fails
Jul 06Workhorse Group, Inc: Bleeding Cash Puts 2022 Business Plan In Limbo
Apr 18Workhorse Stock Forecast: What To Watch For In 2022
Jan 20Workhorse: When It Rains, It Pours
Dec 03Where Will Workhorse Stock Be In 5 Years? At This Rate, Gone
Oct 01Workhorse Stock Forecast For 2025: Risks And Opportunities To Consider
Sep 20We Think Shareholders Should Be Aware Of Some Factors Beyond Workhorse Group's (NASDAQ:WKHS) Profit
Aug 17Workhorse Group - Flawed Vehicle Design Likely To Cause Debt Issues Early Next Year
Aug 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$126m |
| Jun 30 2024 | n/a | n/a | -US$131m |
| Mar 31 2024 | n/a | n/a | -US$128m |
| Dec 31 2023 | US$3m | US$975k | -US$124m |
| Sep 30 2023 | n/a | n/a | -US$117m |
| Jun 30 2023 | n/a | n/a | -US$122m |
| Mar 31 2023 | n/a | n/a | -US$120m |
| Dec 31 2022 | US$8m | US$1m | -US$117m |
| Sep 30 2022 | n/a | n/a | -US$235m |
| Jun 30 2022 | n/a | n/a | -US$280m |
| Mar 31 2022 | n/a | n/a | -US$303m |
| Dec 31 2021 | US$17m | US$442k | -US$401m |
Compensation vs Market: Rick's total compensation ($USD3.39M) is above average for companies of similar size in the US market ($USD653.16K).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
CEO
Rick Dauch (63 yo)
3.3yrs
Tenure
US$3,388,174
Compensation
Mr. Richard F. Dauch, also known as Rick, has been Independent Director at DHC Acquisition Corp. since March 2021. He serves as Chief Executive Officer and Director of Workhorse Group Inc. since August 2,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.3yrs | US$3.39m | 0.35% $ 114.8k | |
| Chief Financial Officer | 2.9yrs | US$906.79k | 0.041% $ 13.6k | |
| Chief Compliance Officer | 3.3yrs | US$970.26k | 0.042% $ 13.8k | |
| Chief Technology Officer | 3.3yrs | US$1.02m | 0.028% $ 9.1k | |
| Chief Information Officer | 2yrs | no data | no data | |
| Vice President of Corporate Development & Communications | 3.1yrs | no data | 0.032% $ 10.4k | |
| President of Commercial Vehicles | 3.7yrs | no data | 0.030% $ 10.0k | |
| Vice President of Supply Chain Management | 3.3yrs | no data | 0.016% $ 5.1k | |
| Co-Founder & Consultant | no data | US$390.00k | no data |
3.3yrs
Average Tenure
63yo
Average Age
Experienced Management: WKHS's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.3yrs | US$3.39m | 0.35% $ 114.8k | |
| Independent Director | 4.6yrs | US$175.00k | 0.018% $ 6.0k | |
| Independent Director | 2.8yrs | US$175.00k | 0.010% $ 3.3k | |
| Independent Director | 1.6yrs | US$150.00k | 0.014% $ 4.5k | |
| Independent Chairman | 11.2yrs | US$225.00k | 0.030% $ 10.0k | |
| Independent Director | 4.6yrs | US$175.00k | 0.013% $ 4.1k | |
| Independent Director | 2.6yrs | US$175.00k | 0.0089% $ 2.9k |
3.3yrs
Average Tenure
63yo
Average Age
Experienced Board: WKHS's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 07:54 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Workhorse Group Inc. is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Souther | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |
| Michael Shlisky | Colliers Securities |