Company: FWDI
Filing Date: 2025-01-17
Form Type: 10-K/A
Source: 0001683168-25-000424
Chunk: 9

Company: Forward Industries, Inc.
Filing Date: 2025-01-17
Form: 10-K/A
Chunk 9
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 fair, accurate, timely and
understandable disclosure, and compliance with laws, rules and regulations, including insider trading, corporate opportunities and whistle-blowing
or the prompt reporting of illegal or unethical behavior. A copy of our Code of Ethics may be accessed at https://forwardindustries.com/investors/governance.

Anti-Hedging Policies

Under the Company’s
Insider Trading Policy, all officers, directors and employees are prohibited from engaging in hedging, pledging or shoring transactions.

Communication with our Board of Directors

Although we do not have
a formal policy regarding communications with the Board, shareholders may communicate with the Board by writing to us at Forward Industries,
Inc., 700 Veterans Memorial Highway, Suite 100, Hauppauge, New York 11788, Attention: Corporate Secretary, or by facsimile (631) 676-7748.
Shareholders who would like their submission directed to a member of the Board may so specify, and the communication will be forwarded,
as appropriate.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange
Act requires our directors, executive officers, and persons who beneficially own more than 10% of our common stock to file initial reports
of ownership and changes in ownership of our common stock and other equity securities with the SEC. These individuals are required by
the regulations of the SEC to furnish us with copies of all Section 16(a) forms they file. Based solely on a review of the copies of
the forms furnished to us, and written representations from reporting persons, we believe that all filing requirements applicable to
our officers, directors and 10% beneficial owners were complied with during the fiscal year ended September 30, 2024.

ITEM 11. EXECUTIVE COMPENSATION

<div align='center'>Compensation of Directors Table 2024</div>

In fiscal 2024, our non-employee
directors were compensated for as follows:

| Name (a)         |     | Fees Earned or Paid in Cash 
 ($)(b)                      |        |     | Stock  
 Awards 
 ($)(c) |   |     | Option    
 Awards    
 ($)(d)(1) |        |     | Non-Equity Incentive Plan 
 ($)(e)                    |   |     | Change                                                           
 in Pension Value and Nonqualified Deferred Compensation Earnings 
 ($)(f)                                                           |   |     | All Other Compensation ($)(g) |