secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001683168-24-006712
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316824006712/0001683168-24-006712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316824006712/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006712

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