8-KThe WireRed Alert
Executive Change
Filed Dec 13, 2024 · 1y ago · Accession 0001683168-24-008710
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
______________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 11, 2024
Forward
Industries, Inc.
(Exact name of registrant as specified in its charter)
New York
001-34780
13-1950672
(State or Other Jurisdiction
(Commission
(I.R.S. Employer
of Incorporation)
File Number)
Identification No.)
700 Veterans Memorial
Hwy. Suite 100
Hauppauge , New York
11788
(Address of Principal Executive Office) (Zip Code)
(631)
547-3055
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
FORD
The NASDAQ Capital Market
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).
Emerging growth company
☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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.
2
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
3
Filing details
- Company
- Forward Industries, Inc.
- Ticker
- FWDI
- CIK
- 38264
- Form type
- 8-K
- Filing date
- Dec 13, 2024
- Report date
- Dec 11, 2024
- Document
- forward_8k.htm
- Size
- 196 KB