---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-005625"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2026-07-17T21:52:25+00:00"
generated_at: "2026-07-20T10:05:59.228612+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Forward Industries appoints Michael Ashe to Board; discloses Galaxy-related transactions

## Summary
- Michael Ashe, Chief Strategy Officer of Galaxy Digital (GLXY), appointed to Board effective July 14, 2026.
- Ashe may have indirect material interest in existing Galaxy agreements: share repurchase, digital currency loan, SOL options.
- Under share repurchase agreement, Galaxy Securities LLC earned ~$90,000 in fees as of July 14, 2026.
- Under digital currency loan with Galaxy Digital LLC, ~$373,000 in interest fees paid.
- Under SOL option contracts, ~$1.3M in premium fees and ~$3.7M to exercise ~46,000 SOL paid to Galaxy Trading Mercury LLC.

## SEC filing metadata
- accession: 0001683168-26-005625
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2026-07-17T21:52:25+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316826005625/0001683168-26-005625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316826005625/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-005625
- JSON: https://secwatch.observer/filing/0001683168-26-005625.json
- Plain text: https://secwatch.observer/filing/0001683168-26-005625.txt

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