---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-008222"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:23:07.288049+00:00"
event_type: "other"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Forward Industries amends agency agreement; reduces monthly fee to $35,000 and extends term to April 2025

## Summary
- Monthly service fee reduced from $65,833 to $35,000 through April 30, 2025.
- Payment terms changed: now due 7 days after company collects from customers (was 60 days).
- Agreement with Forward Industries (Asia-Pacific) extended to April 30, 2025; 30-day termination notice.
- All other terms of the November 2023 Buying Agency and Supply Agreement remain unchanged.

## SEC filing metadata
- accession: 0001683168-24-008222
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316824008222/0001683168-24-008222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316824008222/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-008222
- JSON: https://secwatch.observer/filing/0001683168-24-008222.json
- Plain text: https://secwatch.observer/filing/0001683168-24-008222.txt

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