FWDI 8-K
Forward Industries, Inc. (FWDI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 11, 2024, the Board of Directors of Forward Industries, Inc. (the “Company”) appointed Robert Wild as Chief Executive Officer of Intelligent Product Solutions, Inc., a subsidiary of the Company (“IPS”) effective January 1, 2025. Mr. Wild is currently the Chief Operating Officer of IPS. Paul Severino shall remain as President of IPS and beginning January 1, 2025, Mr. Severino shall be employed on a part-time basis and his salary shall be reduced to $170,000 per year (plus prior allowances).
There was no arrangement or understanding between Mr. Wild and any other persons pursuant to which he was selected as an officer and there are no related party transactions between the Company and Mr. Wild reportable under Item 404(a) of Regulation S-K. Mr. Wild’s background is disclosed in the Company’s DEF 14A filed on January 2, 2024.
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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: December 13, 2024 | By: | /s/ Kathleen Weisberg | |
| Name: Kathleen Weisberg | |||
| Title: Chief Financial Officer | |||
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