Forward Industries CEO resigns; asset sale of OEM business still pending

Forward Industries, Inc.

CEO Terence Wise notified resignation from CEO and board; effective shortly after closing of asset sale.
Asset sale of OEM business to FC: preliminary terms agreed, but definitive agreement and approvals not yet in place.
Agency Agreement with FC extended to May 2, 2025 from original April 30 expiry.
No assurance that asset sale will close; company to provide updates as developments occur.

item 1.01 item 5.02

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Departed

Terence Wise

Chief Executive Officer

FWDI · Forward Industries, Inc.

Filed: May 1, 2025, 7:59 PM ET

Mr. Terence Wise notified the Company of his intention to resign from his position as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Terence Wise resigned as Chief Executive Officer at Forward Industries, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Mr. Terence Wise notified the Company of his intention to resign from his position as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors.

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Forward Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-003025

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