Forward Industries names new chief financial officer
Forward Industries, Inc. appointed Mark Brazier as Chief Financial Officer, effective April 13, 2026, replacing Kathleen Weisberg, who will remain with the company as Director of Financial Reporting.
Rhea-AI Filing Summary
Forward Industries, Inc. appointed Mark Brazier as Chief Financial Officer, effective April 13, 2026, replacing Kathleen Weisberg, who will remain with the company as Director of Financial Reporting. Brazier is 48 and has over 25 years of experience in digital assets and traditional finance.
He previously served as Chief Financial Officer and Head of Regulatory at XBTO Global from 2023 to 2025, and before that as Chief Financial Officer at Stablehouse, a digital asset custody and trading company. Under his offer letter, he will receive a $500,000 annual base salary, a $250,000 target annual bonus tied to performance conditions, and equity awards to be determined subject to Board approval.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
CFO base salary: $500,000 per year
Target annual bonus: $250,000
Effective date of CFO change: April 13, 2026
+3 more
6 metrics
CFO base salary
$500,000 per year
Annual base salary for new CFO Mark Brazier
Target annual bonus
$250,000
Performance-based target bonus for new CFO
Effective date of CFO change
April 13, 2026
Date Brazier becomes CFO and Weisberg steps down
New CFO age
48 years
Age of Mark Brazier at appointment
Industry experience
Over 25 years
Experience in digital asset and traditional finance
XBTO Global tenure
2023 to 2025
Period Brazier served as CFO and Head of Regulatory
Key Terms
emerging growth company, Chartered Accountant, digital asset custody, Item 404(a) of Regulation S-K
4 terms
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Chartered Accountant financial
"Mr. Brazier is a Chartered Accountant."
A chartered accountant is a professionally certified finance expert who prepares and checks a company’s financial records, advises on taxes and compliance, and audits accounts to ensure accuracy and honesty. For investors, they act like a trusted financial mechanic or referee: their work helps confirm that reported profits, debts and cash flows are reliable, which reduces risk and improves confidence when deciding whether to buy, hold or sell a stock.
digital asset custody financial
"Stablehouse, a digital asset custody and trading company."
The secure holding and management of cryptocurrencies or tokenized securities so that only authorized parties can access and move them; custodians store the “secret codes” that prove ownership much like a bank holds physical deeds or safe-deposit boxes. It matters to investors because who safeguards those codes affects the safety, ease of trading, regulatory compliance, and recoverability of assets after theft, loss, or legal disputes — similar to why you’d prefer a trusted vault over keeping valuables in a drawer.
Item 404(a) of Regulation S-K regulatory
"transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive change did Forward Industries (FWDI) disclose in this 8-K?
Forward Industries appointed Mark Brazier as Chief Financial Officer, effective April 13, 2026. Current CFO Kathleen Weisberg will leave the CFO role on that date but continue with the company as Director of Financial Reporting in a non-principal officer capacity.
What is Mark Brazier’s background before joining Forward Industries (FWDI)?
Mark Brazier has over 25 years in digital assets and traditional finance. From 2023 to 2025 he was CFO and Head of Regulatory at XBTO Global, and previously served as CFO at Stablehouse, a digital asset custody and trading company, and is a Chartered Accountant.
What compensation will the new CFO of Forward Industries (FWDI) receive?
Under his offer letter, Forward Industries will pay CFO Mark Brazier a $500,000 annual base salary and a $250,000 target annual bonus subject to performance conditions. He will also receive equity awards that will be determined and must be approved by the Board.
When does the CFO transition at Forward Industries (FWDI) become effective?
The CFO transition becomes effective on April 13, 2026. On that date, Mark Brazier will assume the role of Chief Financial Officer, and Kathleen Weisberg will depart from the CFO position and move to a new role as Director of Financial Reporting.
What bonus structure is described for Forward Industries’ new CFO?
The company grants new CFO Mark Brazier a target annual bonus of $250,000. This bonus is subject to performance conditions that will be determined, and is in addition to his base salary and planned equity awards subject to Board approval.
AI-generated analysis. How Rhea-AI works. Not financial advice.
