Forward Industries reduces shareholder quorum threshold from majority to 33.3%

Forward Industries, Inc.

Board approved lowering the quorum for shareholder meetings from a majority to 33.3% of outstanding voting shares.
Amendment to Article II, Section 205 of the Third Amended and Restated Bylaws, effective June 16, 2025.
The change applies to all future shareholder meetings; no change to voting thresholds for approval of matters.
Ticker FORD; stock trades on the Nasdaq Capital Market.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Forward Industries, Inc.: Amended quorum requirement for shareholders meetings from majority to 33.3% of outstanding shares entitled to vote (effective 2025-06-16).

Change: bylaw amendment
Effective: 2025-06-16

Exact text from the filing

On June 16, 2025, the Board of Directors of Forward Industries, Inc. (the “Company”) approved an amendment to the Company’s Third Amended and Restated Bylaws (the “Bylaws”) and adopted an amendment to the quorum requirement contained in Article II, Section 205 of the Bylaws (the “Amendment”) to provide that the holders of thirty-three and one third percent (33.3%) of the outstanding shares of stock of the Company entitled to vote at a shareholders meeting, present in person or represented by proxy, shall constitute a quorum for the transaction of business .

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Source: SEC EDGAR

accession 0001683168-25-004604

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