Research Reports

Key takeaways

Michael Johnston resigned as CFO, Principal Financial Officer, and Principal Accounting Officer effective 5:00 p.m. ET on April 30, 2026.

Resignation not due to any disagreement with Company on operations, policies, or financial reporting.

Jennifer Kartychak, age 44, appointed CFO effective May 1, 2026; previously Vice President of Finance since January 1, 2026.

Kartychak's background includes 10+ years in public accounting, 5 years at EY, and Corporate Accounting Manager at Moog Inc.

Employment Agreement: $220,000 base salary, $75,000 target bonus, 100,000 stock options; 13,000 shares to her entity Arend Advisory Group LLC.

Company paid Arend Advisory Group LLC $8,000 (2023), $134,000 (2024), $158,000 (2025), and issued 19,768 shares for prior services.

Full analysis

The departure of Michael Johnston as CFO on April 30, 2026, was amicable with no reported disagreements, signaling continuity in financial oversight. Jennifer Kartychak's immediate appointment on May 1, 2026, leverages her internal experience as Vice President of Finance since January 2026 and prior consulting via her entity Arend Advisory Group LLC. Her extensive background in public accounting at EY and Moog Inc. provides deep expertise in SEC reporting, technical accounting, and governance, critical for a public company like Worksport Ltd. Compensation includes a competitive $220,000 base, performance-tied $75,000 bonus, equity options, and a stock grant, aligning incentives with shareholder interests. Prior payments to her consulting entity indicate a smooth transition to in-house finance leadership.

WKSP · Worksport Ltd.

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Key takeaways

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