---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-007036"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2025-09-16T23:59:59+00:00"
generated_at: "2026-05-17T06:35:09.862640+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# Forward Industries recasts FY2024 and Q1 FY2025 financials to reflect OEM as discontinued ops

## Summary
- Recast financials remove OEM segment results; only design segment remains as reportable segment.
- Goodwill impairment charge of $200,000 recorded in Fiscal 2024 on design segment.
- OEM segment sold on May 16, 2025 to Forward Industries (Asia-Pacific) Corporation.
- Prior retail segment discontinued in July 2023; now fully exited.
- Financial statements for fiscal 2024 and Q1 FY2025 are restated in this filing.

## SEC filing metadata
- accession: 0001683168-25-007036
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2025-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316825007036/0001683168-25-007036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316825007036/forward_i8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-007036
- JSON: https://secwatch.observer/filing/0001683168-25-007036.json
- Plain text: https://secwatch.observer/filing/0001683168-25-007036.txt

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