Forward Industries extends related-party supply agreement to May 9; subsidiary president resigns

Forward Industries, Inc.

Extended Buying Agency and Supply Agreement with FC (owned by CEO/Chairman) from May 2 to May 9, 2025.
Paul Severino resigned as President of subsidiary Intelligent Product Solutions, effective May 30, 2025.
The extension covers only seven days; original agreement expired May 2, 2025.
No successor or reason for resignation disclosed in the filing.

item 1.01 item 5.02

Executive movements

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Departed

Paul Severino

President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc.

FWDI · Forward Industries, Inc.

Effective: 2025-05-30
Filed: May 8, 2025, 7:59 PM ET

On May 7, 2025, Mr. Paul Severino notified the Company of his resignation from his position as the President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc., effective May 30, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Severino resigned as President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc. at Forward Industries, Inc..

Action: resigned
Role: President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc.

Exact text from the filing

On May 7, 2025, Mr. Paul Severino notified the Company of his resignation from his position as the President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc., effective May 30, 2025.

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Forward Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-003287

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