secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001683168-25-007870
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316825007870/0001683168-25-007870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316825007870/forward_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007870

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