Forward Industries Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Leadership Update
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Item 1.01 Entry into a Material Definitive Agreement.
On May 2, 2025, Forward Industries, Inc. (the “Company”) and Forward Industries (Asia-Pacific) Corporation (“FC”) entered into an amendment to extend the term of the Buying Agency and Supply Agreement dated November 2, 2023 (the “Agency Agreement”) to May 9, 2025. The Agency Agreement was set to expire on May 2, 2025. FC is owned by the Company’s Chief Executive Officer and Chairman of the Board of Directors.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 7, 2025, Mr. Paul Severino notified the Company of his resignation from his position as the President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc., effective May 30, 2025.
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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: May 8, 2025 | By: | /s/ Kathleen Weisberg | |
| Name: Kathleen Weisberg | |||
| Title: Chief Financial Officer | |||
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