---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-008982"
form_type: "8-K/A"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:11:44.511550+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Forward Industries estimates $1.7M cost from exit of retail distribution operations

## Summary
- Estimated costs of approximately $1.7 million related to ceasing Retail Distribution Operations.
- Exit will not affect the Company's Design or OEM Distribution businesses.
- Retail Distribution segment had operating loss of $1.062M for six months ended March 2023 and $1.809M in FY 2022.

## SEC filing metadata
- accession: 0001683168-23-008982
- form_type: 8-K/A
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316823008982/0001683168-23-008982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316823008982/forward_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-008982
- JSON: https://secwatch.observer/filing/0001683168-23-008982.json
- Plain text: https://secwatch.observer/filing/0001683168-23-008982.txt

## Key facts
- Restructurings & Charges
  Forward Industries, Inc. announced a restructuring with charges of approximately $1.7million affecting Retail Distribution Operations.
  - Type: restructuring
  - Charge: approximately $1.7million
  - Affected area: Retail Distribution Operations
  source text: the Company has determined that the costs that the Company will incur as a result of the exit will be approximately $1.7million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316823008982/0001683168-23-008982-index.htm

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