[8-K] Forward Industries, Inc. Reports Material Event

Rhea-AI Filing Summary

Forward Industries (FORD) reported a Board change. On October 16, 2025, Dr. Sharon Hrynkow resigned from the Board and all committee roles, effective immediately. In connection with her resignation, the Company agreed to release her from a lockup tied to a recent private placement. The Company stated her departure did not result from any disagreement regarding operations, policies, or practices.

As of October 20, 2025, Dr. Hrynkow held 1,486 shares of common stock and 89,400 exercisable stock options. Shares outstanding were 86,457,465 as of the same date.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 8-K

______________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 16, 2025

Forward Industries, Inc.

(Exact name of registrant as specified in its charter)

New York		001-34780		13-1950672
(State or Other Jurisdiction		(Commission		(I.R.S. Employer
of Incorporation)		File Number)		Identification No.)

700 Veterans Memorial Hwy. Suite 100

Hauppauge, New York 11788

(Address of Principal Executive Office) (Zip Code)

(631) 547-3055

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	FORD	The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 16, 2025, Dr. Sharon Hrynkow, a member of the Board of Directors (the “Board”) of Forward Industries, Inc. (the “Company”), notified the Company of her decision to resign from the Board, effective immediately.  Dr. Hrynkow also resigned from all of her Board committee positions, including her membership on the Audit and Risk Committee, the Compensation Committee, the Nominating and Governance Committee, and the Science and Technology Committee, effective as of the same date. In connection with the resignation, the Company agreed to release Dr. Hrynkow from the lockup executed by the Company and Dr. Hrynkow in connection with the closing of the Company’s recent private placement. As of October 20, 2025, Dr. Hrynkow owned 1,486 shares of the Company’s common stock and 89,400 exercisable stock options. As of October 20, 2025, the Company had 86,457,465 shares of common stock outstanding.

Dr. Hrynkow’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FORWARD INDUSTRIES, INC.
Date: October 21, 2025	By:	/s/ Kathleen Weisberg
		Name: Kathleen Weisberg
		Title: Chief Financial Officer

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FAQ

What did Forward Industries (FORD) announce in this 8-K?

Dr. Sharon Hrynkow resigned from the Board and all committee positions, effective October 16, 2025.

Which committees did Dr. Hrynkow leave at FORD?

She resigned from the Audit and Risk, Compensation, Nominating and Governance, and Science and Technology committees.

Was Dr. Hrynkow’s resignation due to a disagreement with FORD?

The Company stated there was no disagreement on operations, policies, or practices.

Did FORD modify any lockup related to Dr. Hrynkow?

Yes. The Company released Dr. Hrynkow from a lockup associated with a recent private placement.

How many FORD shares and options did Dr. Hrynkow hold?

As of October 20, 2025, she held 1,486 shares and 89,400 exercisable stock options.

How many FORD shares were outstanding?

Shares outstanding were 86,457,465 as of October 20, 2025.