Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 3

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 3
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 MATTERS                                                                                                         | 56 |

<div align='center'>Forward Industries, Inc.

700 Veterans Memorial Highway, Suite 100

Hauppauge, New York 11788

(631) 547-3041

2025 ANNUAL MEETING OF SHAREHOLDERS

PROXY STATEMENT</div>

Why am I receiving these materials?

These proxy materials are
being sent to the holders of shares of the voting stock of Forward Industries, Inc., which we refer to as “Forward” or the
“Company,” in connection with the solicitation of proxies by our Board of Directors, which we refer to as the “Board,”
for use at the 2025 Annual Meeting of Shareholders to be held on August 8, 2025 at 10:00 a.m. Eastern Time. The Annual Meeting will be
a completely virtual meeting of shareholders conducted via live audio webcast to enable our shareholders to participate from any location
around the world that is convenient to them. You will be able to attend the Annual Meeting by visiting www.virtualshareholdermeeting.com/FWD2025.
The proxy materials relating to the Annual Meeting are first being mailed to shareholders entitled to vote at the meeting on or about
June 20, 2025. A copy of our Form 10-K for the year ended September 30, 2024 is being mailed concurrently with this Proxy Statement.

Can I attend the Annual Meeting in person?

This year’s Annual Meeting
will be held exclusively online, with no option to attend in person. If you plan to attend the virtual meeting, you will need to visit
www.virtualshareholdermeeting.com/FWD2025 and use your 16-digit control number provided on the proxy card to log into the meeting. We
encourage shareholders to log in to the website and access the webcast early, beginning approximately 15 minutes before the Annual Meeting’s
10:00 a.m. start time.

Who is Entitled to Vote?

Our Board has fixed the close
of business on June 18, 2025 as the record date for a determination of shareholders entitled to notice of, and to vote at, this Annual
Meeting or any adjournment thereof. On the record date, there were 1,125,998 shares of common stock outstanding. Each share of Forward
common stock represents one vote that may be voted on each matter that may come before the Annual Meeting. As of the record date, Forward
has 4,925 shares of Series A