UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 3, 2026, Forward Industries, Inc. (the “Company”) appointed Mark Brazier as the Company’s Chief Financial Officer, effective April 13, 2026. Mr. Brazier is 48 years old.
Mr. Brazier brings over 25 years of experience in the digital asset and traditional finance industry. Prior to joining the Company, from 2023 to 2025, Mr. Brazier was employed as the Chief Financial Officer and Head of Regulatory at XBTO Global, a firm specializing in digital assets, crypto, and asset management. Prior to that role, Mr. Brazier was the Chief Financial Officer at Stablehouse, a digital asset custody and trading company. Mr. Brazier is a Chartered Accountant.
There are no arrangements or understandings between Mr. Brazier and any other persons pursuant to which he was appointed as Chief Financial Officer. Mr. Brazier has no family relationships with any director or executive officer of the Company. Mr. Brazier has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
In connection with his appointment, the Company entered into an offer letter with Mr. Brazier pursuant to which he will receive: (i) an annual base salary of $500,000; (ii) a target annual bonus of $250,000, subject to performance conditions to be determined; and (iii) equity awards to be determined and subject to approval by the Company’s Board of Directors.
Effective April 13, 2026, Kathleen Weisberg will depart from her role as Chief Financial Officer of the Company. Ms. Weisberg will continue to serve the Company in a non-principal officer capacity as Director of Financial Reporting. The Company thanks Ms. Weisberg for her contributions and service as Chief Financial Officer.
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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: April 8, 2026 | By: | /s/ Georgia Quinn | |
| Name: Georgia Quinn | |||
| Title: General Counsel | |||
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