Company: FWDI
Filing Date: 2025-05-08
Form Type: 8-K
Source: 0001683168-25-003287
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-05-08
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive
Agreement.

On May 2, 2025, Forward Industries, Inc. (the
“ Company”) and Forward Industries (Asia-Pacific) Corporation (“ FC”) entered into an amendment to extend the term
of the Buying Agency and Supply Agreement dated November 2, 2023 (the “ Agency Agreement”) to May 9, 2025. The Agency Agreement
was set to expire on May 2, 2025. FC is owned by the Company’s Chief Executive Officer and Chairman of the Board of Directors.

Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 7, 2025, Mr. Paul Severino notified the
Company of his resignation from his position as the President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions,
Inc., effective May 30, 2025.

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SIGNATURES