secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001683168-25-004223
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Forward Industries sets CEO interim salary, CFO raise, and director compensation
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- Interim CEO Michael Pruitt receives annual base salary of $200,000 effective May 16, 2025.
- CFO Kathleen Weisberg's salary increased from $250,000 to $275,000 effective June 1, 2025.
- Independent directors granted 12,147 stock options at $6.37 with 12-month vesting and 5-year term.
- Annual cash compensation for independent directors: Chair Sangita Shah $100,000, Hyrnkow $70,000, Johnson $40,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316825004223/0001683168-25-004223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316825004223/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-004223

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer