Company: FWDI
Filing Date: 2025-10-21
Form Type: 8-K
Source: 0001683168-25-007687
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-10-21
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 16, 2025, Dr. Sharon Hrynkow, a
member of the Board of Directors (the “ Board”) of Forward Industries, Inc. (the “ Company”), notified the
Company of her decision to resign from the Board, effective immediately. Dr. Hrynkow also resigned from all of her Board
committee positions, including her membership on the Audit and Risk Committee, the Compensation Committee, the Nominating and
Governance Committee, and the Science and Technology Committee, effective as of the same date. In connection with the resignation,
the Company agreed to release Dr. Hrynkow from the lockup executed by the Company and Dr. Hrynkow in connection with the closing of
the Company’s recent private placement. As of October 20, 2025, Dr. Hrynkow owned 1,486 shares of the Company’s common stock and 89,400 exercisable stock options. As of
October 20, 2025, the Company had 86,457,465 shares of common stock outstanding.

Dr. Hrynkow’s resignation did not result
from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

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SIGNATURES