Forward Industries shareholders approve 7.5x increase in authorized common shares to 300M

Forward Industries, Inc.

Authorized common shares increased from 40M to 300M at Sep 4 special meeting; passed with 1,256,216 votes for.
Proposal 2 approved: issuance of common stock upon conversion of Series A-1 Preferred without share cap (For: 1,016,060).
Proposal 3 (adjournment if needed) also passed; only 1,718,181 shares outstanding pre-authorization.
Massive potential dilution: new shares represent ~175x current outstanding if all issued.
All votes were cast at the special meeting; no broker non-votes for proposals 1 and 3.

item 5.03item 5.07item 9.01

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