Worksport Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Steve Rossi

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	7.0%
CEO tenure	9.5yrs
CEO ownership	10.3%
Management average tenure	no data
Board average tenure	2.9yrs

Recent management updates

Recent updates

An Intrinsic Calculation For Worksport Ltd. (NASDAQ:WKSP) Suggests It's 45% Undervalued

Feb 16

Calculating The Intrinsic Value Of Worksport Ltd. (NASDAQ:WKSP)

Oct 28

CEO Compensation Analysis

How has Steve Rossi's remuneration changed compared to Worksport's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$374k	-US$15m
Sep 30 2023	n/a	n/a	-US$15m
Jun 30 2023	n/a	n/a	-US$14m
Mar 31 2023	n/a	n/a	-US$13m
Dec 31 2022	US$3m	US$324k	-US$13m
Sep 30 2022	n/a	n/a	-US$13m
Jun 30 2022	n/a	n/a	-US$12m
Mar 31 2022	n/a	n/a	-US$9m
Dec 31 2021	US$929k	US$240k	-US$8m
Sep 30 2021	n/a	n/a	-US$4m
Jun 30 2021	n/a	n/a	-US$3m
Mar 31 2021	n/a	n/a	-US$2m
Dec 31 2020	US$87k	US$87k	-US$1m
Sep 30 2020	n/a	n/a	-US$1m
Jun 30 2020	n/a	n/a	-US$575k
Mar 31 2020	n/a	n/a	-US$385k
Dec 31 2019	US$66k	US$66k	-US$359k
Sep 30 2019	n/a	n/a	-US$339k
Jun 30 2019	n/a	n/a	-US$912k
Mar 31 2019	n/a	n/a	-US$1m
Dec 31 2018	US$64k	US$64k	-US$2m
Sep 30 2018	n/a	n/a	-US$2m
Jun 30 2018	n/a	n/a	-US$1m
Mar 31 2018	n/a	n/a	-US$2m
Dec 31 2017	US$37k	US$37k	-US$3m

Compensation vs Market: Steve's total compensation ($USD5.35M) is above average for companies of similar size in the US market ($USD667.63K).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.

CEO

Steve Rossi (38 yo)

9.5yrs

Tenure

US$5,352,811

Compensation

Mr. Steven F. Rossi, also known as Steve, has been the Chairman of the Board, Chief Executive Officer, President and Secretary at Worksport Ltd. since November 7, 2014. He founded two companies in 2005 and...

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Rossi	Chairman	9.5yrs	US$5.35m	10.34% $ 2.1m
William Caragol	Independent Director	2.9yrs	US$284.36k	0.062% $ 12.5k
Ned Siegel	Independent Director	2.9yrs	US$284.36k	0.062% $ 12.5k
Lorenzo Rossi	Director	9.4yrs	US$271.73k	no data
Craig Loverock	Independent Director	5.1yrs	US$258.56k	0.062% $ 12.5k
Sengkee Ahn	Member of Advisory Board	2.9yrs	no data	no data
Michael Timmons	Member of Advisory Board	2.9yrs	no data	no data
Yosi Behar	Member of Advisory Board	2.6yrs	no data	no data
Thomas DiNanno	Member of Advisory Board	2.3yrs	no data	no data

2.9yrs

Average Tenure

55yo

Average Age

Experienced Board: WKSP's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Worksport Management

Management criteria checks 0/4

Key information

Recent management updates

Worksport Ltd., Annual General Meeting, Dec 12, 2023

High number of new and inexperienced directors

Worksport Ltd., Annual General Meeting, Nov 14, 2022

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

Worksport Ltd. Receives Non-Compliance Letter Related to Nasdaq Listing Rule 5550(a)(2)

Consensus revenue estimates decrease by 85%, EPS upgraded

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Worksport Ltd. Announces Receipt of Solar Panels Required to Begin Production of Highly Anticipated SOLIS Solar Tonneau Cover and Gears Up to Introduce COR Battery System

Worksport Ltd. has completed a Follow-on Equity Offering in the amount of $2.84895 million.

Worksport Ltd. has filed a Follow-on Equity Offering.

New major risk - Market cap size

Worksport Ltd. has filed a Follow-on Equity Offering in the amount of $2.849098 million.

Worksport Ltd to Advance Power Electronics with Gallium Nitride Semiconductors, Improving on Silicone-Based Technology

Worksport Ltd. Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla,GM, and Ford

Worksport Announces SOLIS Solar Cover Availability for Ford F-150 Lightning, Pioneering Sustainable Off-Grid Energy Solutions for EV Pickup Trucks

Worksport Ltd. Completes Production of First 1,100 AL3PRO Hard Folding Covers Compatible with Ford, General Motors, Stellantis, Nissan, and Toyota Trucks

Worksport Ltd. Announces SOLIS Solar Truck Cover will be Available for FORD, RAM (Stellantis) & GM

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Worksport Ltd. Gears Up for Initial Alpha Release of Its Pioneering Cor Portable Energy Storage System

Worksport Ltd., Annual General Meeting, Dec 12, 2023

Health Check: How Prudently Does Worksport (NASDAQ:WKSP) Use Debt?

Worksport Advances Towards the Launch of SOLIS Solar Cover with Innovative COR Battery System

Consensus revenue estimates increase by 12%, EPS downgraded

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.20 loss in 2Q 2022)

Worksport Ltd. Provides Update on its Groundbreaking COR Portable Battery Power Generator System

Worksport Ltd. Launches New Soft Folding Tonneau Cover, Sc4 Pro, Expanding Product Line and Revenue Opportunities

Consensus revenue estimates decrease by 69%, EPS upgraded

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Is Worksport (NASDAQ:WKSP) Using Debt Sensibly?

Consensus forecasts updated

Consensus forecasts updated

Worksport Announces New Environmentally Friendly & Sustainable Product to be Made from Recycled Material

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

High number of new and inexperienced directors

Worksport Ltd., Annual General Meeting, Nov 14, 2022

Worksport COR Product Set to Begin Sales, Pending Final Approval

Worksport expects $350K-$450K revenue from pre-order sales of SOLIS, COR

Worksport Ltd. announced delayed 10-Q filing

Worksport Ltd. Grants $1.15 Million from Canadian Federal Government Partner, MITACS

Worksport Ltd. announced delayed 10-Q filing

High number of new and inexperienced directors

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Worksport Ltd.'s Pre-Production Terravis System Moves to Final Stages of Development

An Intrinsic Calculation For Worksport Ltd. (NASDAQ:WKSP) Suggests It's 45% Undervalued

Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.21 loss in 3Q 2020)

High number of new and inexperienced directors

Calculating The Intrinsic Value Of Worksport Ltd. (NASDAQ:WKSP)

High number of new and inexperienced directors

Second quarter 2021 earnings released: US$0.083 loss per share (vs US$0.078 loss in 2Q 2020)

Worksport Broadens Ecosystem with New EV Related Product Development

Worksport Ltd.'s Common Stock to Be Deleted from Other OTC

Worksport Ltd. has completed a Composite Units Offering in the amount of $17.999999 million.

Worksport Ltd. announced delayed 10-Q filing

Worksport Ltd. announced delayed annual 10-K filing

Worksport Ltd. announced that it has received $3.08198 million in funding

Worksport Receives First Trademark Registration in China for Worksport Brand

Worksport Ltd Announces TerraVis COR Trademark

Worksport™ Announces Supply Partnership with Hercules Electric Mobility for Its Terravis™ Solar Truck Bed Tonneau System

Worksport Ltd Enter into Agreement with Atlis Motor Vehicles Configuring the Terravis™ Solar Charging System

Worksport Ltd. announced delayed 10-Q filing

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age