Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 31

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 31
---
 2022 |     | PEO        |     |      330,750 |     |             0 |     |           0 |     |            0 |     |            0 |     |             0 |     |         0 |     |       330,750 |
|      |     | Other NEOs |     |      286,498 |     |        -5,000 |     |       2,717 |     |            0 |     |        1,667 |     |             0 |     |         0 |     |       285,882 |

________________

| (3) | Represents the average of the amounts reported for the named executive officers (“NEOs”) as a group (excluding the PEO) in the “Total” column of the “Summary Compensation Table” in each applicable year. The names of each of the NEOs included for these purposes for 2024 are Kathleen Weisberg, Robert Wild, Paul Severino, and Tom KraMer. The names of each of the NEOs included for these purposes for 2023 and 2022 are Anthony Camarda, Robert Wild, Paul Severino and Tom KraMer. |
| (4) | Represents the cumulative total shareholder return of a fixed investment of $100 made at the closing price of the Company’s common stock at September 30, 2022 for the measurement period beginning on such date and continuing through and including the end of the applicable fiscal year reflected in the table.                                                                                                                                                                          |
| (5) | Represents the amount of net loss reflected in the Company’s audited financial statements for the applicable fiscal year reflected in the table.                                                                                                                                                                                                                                                                                                                                             |

| 21 |

<div align='center'>PROPOSAL 2. RATIFICATION OF THE APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2025</div>

General

Our Board has appointed CBIZ CPAs
P.C. (“CBIZ”) to serve as our independent registered public accounting firm for the fiscal year ending September 30,
2025. CBIZ has been Forward’s independent registered public accounting firm since March 2025. While the selection of Forward’s
independent registered public accounting firm is not legally required to be submitted to shareholders for ratification under applicable
law, Forward is submitting this matter to the shareholders as a matter of good corporate governance. Even if the appointment is ratified,
the Board may, in its discretion, appoint