Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 11

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 11
---
3, 4, 5, 6 and 7.

| 6 |

<div align='center'>PROPOSAL 1. ELECTION OF DIRECTORS</div>

Forward’s shareholders elect
the Board members annually, and all of our current directors were elected by our shareholders to serve for a term expiring at this Annual
Meeting, except Mr. Keith Johnson was appointed by the Board to fill a vacancy created by the resignation of Mr. Terence Wise on May 16,
2025.

The Board proposes and recommends
the election of the following nominees as directors:

Sangita Shah

Sharon Hrynkow

Keith Johnson

All of the nominees listed above
have agreed to serve if elected. The three persons who receive the most votes cast will be elected and will serve as directors until the
next Annual Meeting. If a nominee becomes unavailable for election before this Annual Meeting, the Board can name a substitute nominee
and proxies will be voted for such substitute nominee unless an instruction to the contrary is written on the proxy card. Furthermore,
we may appoint an additional person to our Board before the Annual Meeting. The principal occupation and certain other information about
the nominees and our executive officers are set forth on the following pages.

Recommendation of the Board

The Board recommends a vote “FOR”
the election of the nominated slate of directors.

| 7 |

<div align='center'>DIRECTORS AND EXECUTIVE OFFICERS</div>

The following table represents
our Board as of the record date.

| Name           | Age | Appointed     |
| Sangita Shah   |  59 | February 2015 |
| Sharon Hrynkow |  64 | February 2022 |
| Keith Johnson  |  67 | May 2025      |

Director Nominee Biographies

Sangita Shah. Ms. Shah currently serves
as director and owner of Odyssean Enterprises Limited, a private advisory and investment company, in addition to serving as non-executive
chairman of Kinovo PLC, (FTSE: KINO), a leading UK provider of specialist property services centered on safety and regulatory compliance
and is lead director of Inspired PLC, (FTSE: INSE) UK’s leading energy and sustainability advisor. She was previously non-executive
chairman of RA International PLC, (FTSE: RAI) a leading provider of services to remote locations in Africa and the Middle East and board
director and chair of ESG for Ten Entertainment PLC (FT