---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-003025"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:21:07.665422+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-003025
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316825003025/0001683168-25-003025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316825003025/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-003025
- JSON: https://secwatch.observer/filing/0001683168-25-003025.json
- Plain text: https://secwatch.observer/filing/0001683168-25-003025.txt

## Key facts
- Executive change
  Terence Wise resigned as Chief Executive Officer at Forward Industries, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316825003025/0001683168-25-003025-index.htm

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