Forward Industries reincorporates to Texas, boosts equity plan to 8.72M shares, grants large equity awards to executives

Forward Industries, Inc.

Reincorporation from New York to Texas approved by shareholders; effective March 5, 2026, with no business or operational changes.
2021 Equity Plan amended to increase authorized shares to 8,724,667 (up from prior limit).
Ryan Navi (CIO) granted 352,694 options (two tranches at $9.66/$14.49), 382,085 RSUs, and 587,824 PSUs.
Georgia Quinn (GC) granted 293,912 options (similar prices), 293,911 RSUs, and 293,912 PSUs; CFO Weisberg granted 50,000 options at $4.83.
Shareholders also ratified auditor, approved say-on-pay with three-year frequency, and elected all five director nominees.

item 3.02 item 5.02 item 3.03 item 5.03 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

Forward Industries, Inc.: Reincorporation from New York to Texas, adopting Texas Charter and Texas Bylaws effective March 5, 2026 (effective 2026-03-05).

Change: bylaw amendment
Effective: 2026-03-05

Exact text from the filing

At the Effective Time: · the Company’s state of incorporation changed from the State of New York to the State of Texas; and · the internal affairs of the Company ceased to be governed by the laws of the State of New York and the Company’s existing restated certificate of incorporation and amended and restated bylaws, and instead became governed by the laws of the State of Texas and the certificate of formation filed with the Secretary of State of the State of Texas (the “Texas Charter”) and the bylaws approved by the Company’s board of directors (the “Texas Bylaws”).

View on SEC.gov

86 governance changes filed in the last 30 days. Browse all governance changes →

Forward Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-001618

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.