secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001683168-24-008222
Event type: other
Sentiment:  positive
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316824008222/0001683168-24-008222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316824008222/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008222

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