---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-007224"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:53:42.744419+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Forward Industries CEO Terence Wise takes 25% salary cut for fiscal 2025

## Summary
- CEO base salary reduced from $337,000 to $252,750, effective October 1, 2024.
- Reduction is part of ongoing expense-reduction efforts at the company.
- Agreed on October 17, 2024; covers entirety of fiscal year 2025.

## SEC filing metadata
- accession: 0001683168-24-007224
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316824007224/0001683168-24-007224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316824007224/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-007224
- JSON: https://secwatch.observer/filing/0001683168-24-007224.json
- Plain text: https://secwatch.observer/filing/0001683168-24-007224.txt

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