Company: FWDI
Filing Date: 2025-06-04
Form Type: 8-K
Source: 0001683168-25-004223
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Company: Forward Industries, Inc.
Filing Date: 2025-06-04
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 May 30, 2025, upon the recommendation of the
Compensation Committee, the Board of Directors of Forward Industries, Inc. (the “ Company”) approved the following:

  The stock options previously granted to Mr. Pruitt on January 28, 2025                                                                        
  for his service as a director will continue to vest in accordance with their original vesting schedule, subject to his continued employment   
  with the Company as interim Chief Executive Officer.                                                                                          
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Mr. Michael Pruitt, the Company’s interim                                                                                                     
  The annual base salary of Ms. Kathleen Weisberg,                                                                                              
  Each independent director was granted 12,147 stock                                                                                            
  The Board also approved the following annual cash                                                                                             

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SIGNATURES