---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-001777"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:46:43.969667+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Forward Industries awards 100k options to three directors; extends interim CEO Pruitt term to June 30, 2026

## Summary
- Board grants 100,000 five-year stock options each to directors Sangita Shah, Keith Johnson, and Michael Pruitt at $5.02/share.
- Additional 50,000 options each to Shah and Johnson for Audit & Risk and Compensation committee service (25k each committee).
- Options vest in four equal quarterly installments starting three months from March 10, 2026, subject to continued service.
- Interim CEO Michael Pruitt's employment term extended to June 30, 2026, with automatic three-month renewals thereafter.
- Non-renewal requires 30 days' written notice prior to expiration of the current term.

## SEC filing metadata
- accession: 0001683168-26-001777
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316826001777/0001683168-26-001777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316826001777/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-001777
- JSON: https://secwatch.observer/filing/0001683168-26-001777.json
- Plain text: https://secwatch.observer/filing/0001683168-26-001777.txt

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