secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2021-12-02T23:59:59+00:00
Accession:  0001683168-21-006072
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/0001683168-21-006072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316821006072/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-006072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer