Company: FWDI
Filing Date: 2025-01-17
Form Type: 10-K/A
Source: 0001683168-25-000424
Chunk: 5

Company: Forward Industries, Inc.
Filing Date: 2025-01-17
Form: 10-K/A
Chunk 5
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, Inc., formerly Weight Watchers International, Inc. From
October 1998 to November 2003, Ms. Weisberg served as Senior Auditor and Corporate Accounting Manager for Symbol Technologies, Inc.,
a manufacturer and supplier of mobile data capture and delivery equipment. From January 1992 to October 1998, Ms. Weisberg was an auditor
at Ernst & Young LLP.

Executive Officers of Subsidiaries

| Name     | Age | Current                            
 Position                           | Appointed |
| Paul     
 Severino |  65 | President                          
 of IPS                             |      2022 |
| Tom      
 KraMer   |  59 | Chief                              
 Executive Officer of Kablooe, Inc. |      2020 |
| Robert   
 Wild     |  54 | Chief                              
 Executive Officer of IPS           |      2025 |

Paul Severino. Mr. Severino served
as the Chief Operating Officer of Intelligent Product Solutions, Inc. (“IPS”) since co-founding it in 2007 until January
1, 2022 when he was appointed President of IPS.

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. and has been with the company
since it was founded in 1991.

Robert Wild. 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. Effective
January 1, 2025, Mr. Wild was appointed as Chief Executive Officer 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 Item 13, “Certain Relationships
and Related Transactions and Director Independence.”

<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.