---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-007870"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:10:28.069835+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Forward Industries enters 6-month CEO agreement with Michael Pruitt at $30K/mo, sets FY2026 director comp

## Summary
- Employment agreement with interim CEO Michael Pruitt effective Sept 10, 2025, term 6 months, monthly salary $30,000.
- Board approves FY2026 non-executive director compensation of $100,000 per year, quarterly payments of $25,000; Chairman Samani opts out.
- Sangita Shah appointed Chairperson of Compensation Committee; Keith Johnson appointed Chairperson of Audit and Risk Committee.

## SEC filing metadata
- accession: 0001683168-25-007870
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2025-10-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316825007870/0001683168-25-007870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316825007870/forward_i8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-007870
- JSON: https://secwatch.observer/filing/0001683168-25-007870.json
- Plain text: https://secwatch.observer/filing/0001683168-25-007870.txt

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