Forward Industries Inc
For the period ended Aug 8, 2025. Filed Jun 20, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Aug 8, 2025 · Filed Jun 20, 2025
FWDI$5.700.0%Stored close · as of Nov 6, 2026
Contents
Summary Compensation Table
| Name and Principal Position (a) | Year (b) | Salary ($)(c)(1) | Bonus ($)(d)(2) | Stock Awards ($)(e) | Option Awards ($)(f) | All Other Compensation ($)(i)(3) | Total ($)(j) |
|---|---|---|---|---|---|---|---|
| Terence Wise (4) | 2024 | 240,750 | – | – | – | 12,000 | 252,750 |
| Former Chief Executive Officer | 2023 | 325,000 | – | – | – | 12,000 | 337,000 |
| Paul Severino (4) | 2024 | 285,000 | 8,222 | – | – | 28,470 | 321,692 |
| Former Executive Officer of IPS | 2023 | 278,750 | 63,397 | – | – | 28,118 | 370,264 |
| Robert Wild | 2024 | 286,250 | 8,222 | – | – | 20,733 | 315,205 |
| Executive Officer of IPS | 2023 | 271,250 | 60,118 | – | – | 20,043 | 351,411 |
| Tom KraMer | 2024 | 250,000 | – | – | – | 17,759 | 267,759 |
| Executive Officer of Kablooe | 2023 | 250,000 | – | – | – | 19,709 | 269,709 |
| Kathleen Weisberg | 2024 | 250,000 | – | – | – | 7,995 | 257,995 |
| Chief Financial Officer | 2023 | 62,500 | – | – | – | 1,999 | 64,499 |
| (1) | Mr. Wise’s salary includes $1,000 per month for a total of $12,000 in lieu of reimbursement for company expenses. Ms. Weisberg was appointed Chief Financial Officer on July 1, 2023, and her salary is $250,000. Because of the date of Ms. Weisberg’s appointment, only three months compensation is disclosed for fiscal 2023 above. |
| (2) | Represents cash bonuses. |
| (3) | All other compensation for: |
| a. | Mr. Wild primarily represents (i) $10,000 in reimbursements for auto and phone allowances and (ii) Company contributions to 401k plans of $10,238. |
|---|---|
| b. | Mr. Severino primarily represents (i) $18,000 of reimbursements for auto and phone allowances and (ii) Company contributions to 401k plans of $9,975. |
| c. | Mr. KraMer (i) represents the Company’s contribution to a 401(k) plan of $7,799; and (ii) a benefits allowance of $9,960. |
| (4) | Mr. Wise and Mr. Severino resigned in May 2025. |
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