{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-003287","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.966236+00:00","generated_at":"2026-05-22T05:55:27.126846+00:00","sec_items":["1.01","5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Forward Industries extends related-party supply agreement to May 9; subsidiary president resigns","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-003287","json":"https://secwatch.observer/filing/0001683168-25-003287.json","markdown":"https://secwatch.observer/filing/0001683168-25-003287.md","text":"https://secwatch.observer/filing/0001683168-25-003287.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316825003287/0001683168-25-003287-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316825003287/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T05:55:27.126846+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"119c8baf6a","claim":"Paul Severino resigned as President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc. at Forward Industries, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38264/000168316825003287/0001683168-25-003287-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc."}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}