Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 32

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 32
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 a different independent registered public accounting firm at any time during the year if it
determines that such a change would be in the best interests of Forward and its shareholders. If the appointment is not ratified, the
Board will consider its options.

A representative of CBIZ is
expected to be present at the Annual Meeting and will have an opportunity to make a statement if they desire to do so and to respond to
appropriate questions. Representatives of CohnReznick LLP (“CR”), our former independent registered public accounting firm
for the year ended September 30, 2024, have not been invited to and will not be present at the annual meeting.

Change in Independent Registered Public Accounting Firm

On March 28, 2025, the Audit Committee
dismissed CohnReznick LLP (“CR”) as the Company’s independent registered public accounting firm.

The reports of CR on the Company’s
financial statements for the fiscal years ended September 30, 2024 and 2023 did not contain any adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or accounting principle, except that the report on the Company’s
financial statements for the fiscal year ended September 30, 2024 contained an explanatory paragraph regarding the Company’s
ability to continue as a going concern, which contemplated, among other things, the realization of assets and satisfaction of liabilities
in the ordinary course of business. During the fiscal years ended September 30, 2024 and 2023 and the subsequent interim period through
March 28, 2025, the effective date of CR’s dismissal, there were (i) no disagreements (as that term is defined in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions) between the Company and CR on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of CR would have caused CR to make reference
thereto in its reports on the financial statements of the Company for such years, and (ii) no “reportable events” (as that
term is defined in Item 304(a)(1)(v) of Regulation S-K).

Required Vote

This Proposal requires the affirmative
vote of a majority of the shares of capital stock entitled to vote thereon and present in person or represented by proxy at the Meeting.
Abstentions will have the effect of an “AGAINST” on this Proposal. Broker non-v