---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-007539"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:06:54.461677+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Forward Industries extends related-party debt maturity; cuts subsidiary CEO salary

## Summary
- Extended maturity of $1.6M promissory note (reduced to $600K after $1M payments) to June 30, 2025.
- Note is with Forward Industries (Asia-Pacific) Corp., an entity owned by the Chairman and CEO.
- Tom KraMer's base salary as President/CEO of Kablooe reduced from $250K to $225K, effective Nov 1, 2024.

## SEC filing metadata
- accession: 0001683168-24-007539
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316824007539/0001683168-24-007539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316824007539/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-007539
- JSON: https://secwatch.observer/filing/0001683168-24-007539.json
- Plain text: https://secwatch.observer/filing/0001683168-24-007539.txt

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