President of Forward Industries subsidiary resigns, transitions to consultant; new President and COO appointed.

Forward Industries, Inc.

Mitchell Maiman resigns as President of IPS subsidiary effective Jan 1, 2022; will serve as independent contractor.
Maiman receives $12,000 monthly retainer plus bonuses up to $54,000 based on 2022 performance milestones.
Paul Severino appointed President of IPS, Robert Wild named COO of IPS, effective Jan 1, 2022.
Consulting agreement runs one year, renewable 30-day notice; includes strategy, business development duties.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Robert Wild

Chief Operating Officer of IPS

FWDI · Forward Industries, Inc.

Effective: 2022-01-01
Filed: December 2, 2021, 6:59 PM ET

Mr. Robert Wild will become the Chief Operating Officer of IPS

Appointed

Paul Severino

President of IPS

FWDI · Forward Industries, Inc.

Effective: 2022-01-01
Filed: December 2, 2021, 6:59 PM ET

Mr. Paul Severino, the current Chief Operating Officer of IPS, will serve as the President of IPS

Departed

Mitchell Maiman

President of Intelligent Product Solutions, Inc.

FWDI · Forward Industries, Inc.

Effective: 2022-01-01
Successor: Paul Severino
Filed: December 2, 2021, 6:59 PM ET

Mr. Mitchell Maiman, the President of Intelligent Product Solutions, Inc. (“IPS”), a wholly-owned subsidiary of Forward Industries, Inc. (the “Company”), informed the Company of his definitive decision to resign. The resignation is effective January 1, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Wild was appointed as Chief Operating Officer of IPS at Forward Industries, Inc..

Action: appointed
Role: Chief Operating Officer of IPS

Exact text from the filing

Mr. Robert Wild will become the Chief Operating Officer of IPS

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Severino was appointed as President of IPS at Forward Industries, Inc..

Action: appointed
Role: President of IPS

Exact text from the filing

Mr. Paul Severino, the current Chief Operating Officer of IPS, will serve as the President of IPS

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mitchell Maiman resigned as President of Intelligent Product Solutions, Inc. at Forward Industries, Inc..

Action: resigned
Role: President of Intelligent Product Solutions, Inc.

Exact text from the filing

Mr. Mitchell Maiman, the President of Intelligent Product Solutions, Inc. (“IPS”), a wholly-owned subsidiary of Forward Industries, Inc. (the “Company”), informed the Company of his definitive decision to resign. The resignation is effective January 1, 2022

View on SEC.gov

Forward Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-21-006072

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