---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-001618"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:20:14.585370+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-26-001618
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 5.02, 3.03, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316826001618/0001683168-26-001618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316826001618/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-001618
- JSON: https://secwatch.observer/filing/0001683168-26-001618.json
- Plain text: https://secwatch.observer/filing/0001683168-26-001618.txt

## Key facts
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316826001618/0001683168-26-001618-index.htm

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