Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 14

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 14
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      2020 |
| Robert Wild |  54 | Chief Executive Officer of IPS           |      2025 |

Tom KraMer. Mr. KraMer has served as the President
and Chief Executive Officer of Kablooe, Inc. since the Company’s acquisition of the assets of Kablooe Design, Inc. in August 2020.
Prior to that, Mr. KraMer served as the Chief Executive Officer of Kablooe Design, Inc. since its formation in 1991.

Robert Wild. Mr. Wild has served as the
Chief Executive Officer of IPS since January 1, 2025. Prior to that, Mr. Wild has served as the Chief Operating Officer of IPS since January
1, 2022. Prior to that, Mr. Wild served as the Senior Vice President of IPS.

There are no family relationships between any of the
executive officers and directors. Our Bylaws require that each director is elected at our annual meeting of shareholders and holds office
until the next annual meeting of shareholders, or until his or her successor is elected. See the section titled “Related Person
Transactions”.

In July 2024, Amergent filed a voluntary petition
for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.

| 9 |

<div align='center'>Corporate Governance</div>

Board Responsibilities

The Board oversees, counsels,
and directs management in the long-term interest of Forward and its shareholders. The Board’s responsibilities include establishing
broad corporate policies and reviewing the overall performance of Forward. The Board is not, however, involved in the operating details
on a day-to-day basis.

Board Committees and Charters

The Board delegates various responsibilities
and authority to different Board committees (“Board Committees”). The Board and the Board’s committees (“Committees”)
meet throughout the year and act by written consent from time-to-time as appropriate. Committees regularly report on their activities
and actions to the Board.

The Board currently has and appoints
the members of the Audit and Risk Committee (the “Audit Committee”), the Compensation Committee and the Nominating and Governance
Committee. Each of these Committees has a written charter which may be accessed through Forward’s website at: www.forwardindustries.com/investors/governance/.

The following table identifies
the independent and non-independent Board and Committee members:

| Name                                |     | Independent |     | Audit and Risk |     | Compensation |     | Nominating and