---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-21-006072"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2021-12-02T23:59:59+00:00"
generated_at: "2026-06-28T04:16:33.988142+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-21-006072
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2021-12-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/0001683168-21-006072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-21-006072
- JSON: https://secwatch.observer/filing/0001683168-21-006072.json
- Plain text: https://secwatch.observer/filing/0001683168-21-006072.txt

## Key facts
- Executive change
  Robert Wild was appointed as Chief Operating Officer of IPS at Forward Industries, Inc..
  - Action: appointed
  - Role: Chief Operating Officer of IPS
  source text: Mr. Robert Wild will become the Chief Operating Officer of IPS
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/0001683168-21-006072-index.htm
- Executive change
  Paul Severino was appointed as President of IPS at Forward Industries, Inc..
  - Action: appointed
  - Role: President of IPS
  source text: Mr. Paul Severino, the current Chief Operating Officer of IPS, will serve as the President of IPS
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/0001683168-21-006072-index.htm
- Executive change
  Mitchell Maiman resigned as President of Intelligent Product Solutions, Inc. at Forward Industries, Inc..
  - Action: resigned
  - Role: President of Intelligent Product Solutions, Inc.
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/0001683168-21-006072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.