Forward Industries Announces Board and Officer Changes
Ticker: FWDI · Form: 8-K · Filed: Oct 21, 2025 · CIK: 38264
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Forward Industries shuffled its board and execs, filed new comp plans.
AI Summary
Forward Industries, Inc. announced on October 16, 2025, changes related to its board of directors and officers, including the departure of certain individuals and the election of new directors. The company also reported on compensatory arrangements for its officers. Specific details regarding the individuals involved and the nature of the compensatory arrangements were filed with the SEC.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, operational focus, or governance, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty and signal potential strategic shifts, which may carry inherent risks.
Key Players & Entities
- Forward Industries, Inc. (company) — Registrant
- October 16, 2025 (date) — Date of earliest event reported
- New York (location) — State of Incorporation
- 001-34780 (other) — Commission File Number
- 13-1950672 (other) — I.R.S. Employer Identification Number
FAQ
What specific changes were made to the board of directors and officer positions?
The filing indicates the departure of certain directors or officers and the election of new directors, along with the appointment of certain officers. Specific names and roles are detailed within the full filing.
What is the nature of the compensatory arrangements discussed in the filing?
The filing addresses compensatory arrangements for certain officers. The precise details of these arrangements, such as salary, bonuses, or stock options, are elaborated upon in the document.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 16, 2025.
What is Forward Industries, Inc.'s state of incorporation and IRS Employer Identification Number?
Forward Industries, Inc. is incorporated in New York and its IRS Employer Identification Number is 13-1950672.
What is the Commission File Number for Forward Industries, Inc.?
The Commission File Number for Forward Industries, Inc. is 001-34780.
Filing Stats: 533 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2025-10-21 16:02:38
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share FORD The NASDAQ Capital Mar
Filing Documents
- forward_8k.htm (8-K) — 30KB
- 0001683168-25-007687.txt ( ) — 193KB
- ford-20251016.xsd (EX-101.SCH) — 3KB
- ford-20251016_lab.xml (EX-101.LAB) — 33KB
- ford-20251016_pre.xml (EX-101.PRE) — 22KB
- forward_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 16, 2025, Dr. Sharon Hrynkow, a member of the Board of Directors (the "Board") of Forward Industries, Inc. (the "Company"), notified the Company of her decision to resign from the Board, effective immediately. Dr. Hrynkow also resigned from all of her Board committee positions, including her membership on the Audit and Risk Committee, the Compensation Committee, the Nominating and Governance Committee, and the Science and Technology Committee, effective as of the same date. In connection with the resignation, the Company agreed to release Dr. Hrynkow from the lockup executed by the Company and Dr. Hrynkow in connection with the closing of the Company's recent private placement. As of October 20, 2025, Dr. Hrynkow owned 1,486 shares of the Company's common stock and 89,400 exercisable stock options. As of October 20, 2025, the Company had 86,457,465 shares of common stock outstanding. Dr. Hrynkow's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FORWARD INDUSTRIES, INC. Date: October 21, 2025 By: /s/ Kathleen Weisberg Name: Kathleen Weisberg Title: Chief Financial Officer 3