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- Departure of CFO (new) — The Chief Financial Officer resigned effective April 30, 2026, though the company states it was not due to any disagreement.
Worksport CFO Michael Johnston resigns; Jennifer Kartychak appointed as successor
Filed May 1, 2026 · Period ending April 30, 2026 · ~1 min read
Key Changes
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CFO Michael Johnston resigned effective April 30, 2026. The company stated his departure was not due to any disagreement with operations, policies, or financial reporting. The company is transitioning to an in-house finance function.
Item 5.02 verify on EDGAR → -
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Jennifer Kartychak appointed as new CFO effective May 1, 2026. She previously served as VP of Finance since January 2026 and has over 10 years of public accounting experience including approximately 5 years at Ernst & Young.
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Kartychak's compensation includes $220,000 base salary, $75,000 target bonus tied to corporate milestones and KPIs, and stock options for 100,000 shares at fair market value with time and performance-based vesting.
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Company disclosed related party transactions: paid Kartychak's consulting entity $8,000, $134,000, and $158,000 in fiscal years 2023-2025 respectively, plus $17,000 in early 2026. Also issued 19,768 shares for prior services and granted 13,000 shares in connection with CFO transition.
Item 5.02 verify on EDGAR →
Summary
Worksport announced a CFO transition with Michael Johnston resigning effective April 30, 2026, and Jennifer Kartychak taking over the following day. The company emphasized Johnston's departure was not due to any disagreement and represents a shift to an in-house finance function.
Kartychak brings relevant credentials with over a decade of public accounting experience including time at Ernst & Young, and she has been working with the company since August 2023 as a consultant and more recently as VP of Finance since January 2026.
Retail investors should note the related party transactions disclosed: Worksport paid Kartychak's consulting entity over $300,000 across three fiscal years before bringing her on as an employee, and issued stock compensation both for past services and as part of the CFO transition. While CFO changes always warrant attention, the company's disclosure that this was planned and not due to disagreement, combined with Kartychak's prior involvement with the company, suggests continuity rather than crisis. Watch for the next quarterly filing to assess how the finance function performs under the new leadership structure, particularly given the company's emphasis on moving finance in-house. Any changes in financial reporting quality or timeliness would be meaningful signals.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In addition, the Board has approved a grant of shares of the Company’s common stock to Arend Advisory Group LLC, an entity wholly owned by Ms. Kartychak (the “Stock Grant”), and the Company has authorized the issuance of 13,000 shares of the Company’s common stock to Arend Advisory Group LLC, an entity wholly owned by Ms. Kartychak, pursuant to the Stock Grant, as approved by the Board in connection with the CFO transition resolutions.
The Board approved a grant of 13,000 shares of common stock to Arend Advisory Group LLC, the entity wholly owned by the new CFO Jennifer Kartychak, in connection with the CFO transition.
Event · Item 9.01 — Financial Statements and Exhibits
Worksport filed an 8-K disclosing an executive employment agreement with Jennifer Kartychak effective January 1, 2026.
Added in current filing · verify on EDGAR →
Executive Employment Agreement, dated January 1, 2026, by and between Worksport USA Operations Corporation and Jennifer Kartychak.
Worksport entered into an executive employment agreement with Jennifer Kartychak effective January 1, 2026. The 8-K does not disclose her role, compensation terms, or other material details beyond the existence of the agreement. Investors should review the full exhibit for specifics on compensation, duties, and termination provisions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify