---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-006712"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:20:41.490064+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Forward Industries sets FY2025 director compensation: $30k cash + $40k options

## Summary
- Non-employee directors receive $30,000 annual cash, payable quarterly in advance.
- Lead director gets an additional $10,000 supplement per year.
- Each director granted stock options with $40,000 fair value, vesting 12 months from grant.
- New compensation effective October 1, 2024, approved September 23, 2024.

## SEC filing metadata
- accession: 0001683168-24-006712
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316824006712/0001683168-24-006712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316824006712/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-006712
- JSON: https://secwatch.observer/filing/0001683168-24-006712.json
- Plain text: https://secwatch.observer/filing/0001683168-24-006712.txt

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