Forward Industries, INC 8-K filings

Forward Industries extends its buying agency agreement with a company owned by its CEO and announces the resignation of the President of its Intelligent Product Solutions subsidiary.

Forward Industries extends its Agency Agreement with Forward Industries (Asia-Pacific) Corporation and announces the impending resignation of CEO Terence Wise following a potential asset sale.

Forward Industries has received notification from Nasdaq that it has regained compliance with the minimum stockholders' equity requirement for continued listing.

Forward Industries has dismissed CohnReznick LLP as its independent auditor and appointed CBIZ CPAs P.C. effective March 28, 2025.

Forward Industries converted $2.5 million of accounts payable into preferred stock to meet Nasdaq's minimum equity requirement and awaits formal confirmation of compliance.

Forward Industries converts $2.5 million of accounts payable to preferred stock to bolster shareholder equity and faces potential changes in its OEM business due to an expiring agreement.

Forward Industries amends its Certificate of Incorporation to increase the authorized shares of Series A-1 Convertible Preferred Stock from 2,700 to 6,700.

Forward Industries, Inc. received a delisting notification from Nasdaq due to non-compliance with minimum stockholders' equity requirements, and plans to appeal the decision.

Forward Industries converts $225,000 of accounts payable owed to a company owned by its CEO into Series A-1 Convertible Preferred Stock.

Forward Industries has appointed Michael Pruitt as a new director, effective February 1, 2025, and he will also serve on the Audit and Risk and Nominating Committees.

Forward Industries is set to experience a substantial revenue decrease after its largest design customer decided to terminate their patch pump program, which accounted for 25.2% of the company's fiscal 2024 revenue.

Forward Industries has announced the appointment of Robert Wild as the new CEO of its subsidiary, Intelligent Product Solutions, effective January 1, 2025, while Paul Severino transitions to a part-time role as President.

Forward Industries has extended its supply agreement with Forward Industries (Asia-Pacific) Corporation, reducing monthly fees and altering payment terms.

Forward Industries has extended the maturity date of a $600,000 promissory note with Forward China and reduced the salary of Kablooe Inc.'s CEO as part of cost-cutting measures.

Forward Industries' CEO, Terence Wise, has agreed to a salary reduction from $337,000 to $252,750 for fiscal year 2025 as part of the company's cost-cutting initiatives.

Forward Industries has increased its authorized Series A-1 Convertible Preferred Stock and converted $500,000 of payables into shares of this stock.

Forward Industries has set the compensation for its non-employee directors for fiscal year 2025, including cash payments and stock options.

Forward Industries has received confirmation from Nasdaq that it has regained compliance with both the minimum bid price and stockholders' equity rules.

Forward Industries amended its certificate of incorporation to create a new series of convertible preferred stock, issuing shares to a related party to address Nasdaq listing deficiencies.

Forward Industries has agreed to convert $1.7 million in accounts payable owed to a company owned by its CEO into newly created preferred stock.

Forward Industries has completed a 1-for-10 reverse stock split of its common stock, effective June 18, 2024, to maintain Nasdaq listing compliance.

Forward Industries will implement a 1-for-10 reverse stock split effective June 18, 2024, to meet Nasdaq's minimum bid price requirement.

Forward Industries shareholders approved a reverse stock split at a ratio of one-for-ten during a special meeting on June 10, 2024.

Forward Industries announced a 19.6% decrease in revenue for the second quarter of fiscal year 2024, alongside an increase in gross margin and a reduced net loss compared to the same period last year.

Forward Industries has been granted an extension until July 9, 2024, by the Nasdaq Hearings Panel to meet the minimum bid price and stockholders' equity requirements.

Forward Industries has received a notice from Nasdaq regarding a deficiency in stockholders' equity, adding to existing concerns about its listing status.

Forward Industries reported a 26.7% decrease in revenue for the first quarter of fiscal year 2024, but saw an increase in gross margin to 23.0%.

Forward Industries held its 2024 annual meeting, electing directors and approving a reverse stock split.

Forward Industries has received notification from Nasdaq that it has failed to regain compliance with the minimum bid price rule and is now facing potential delisting.