---
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"
generated_at: "2026-05-22T05:55:27.126846+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-003287
- JSON: https://secwatch.observer/filing/0001683168-25-003287.json
- Plain text: https://secwatch.observer/filing/0001683168-25-003287.txt

## Key facts
- Executive change
  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.
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38264/000168316825003287/0001683168-25-003287-index.htm

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