Independent
Tenure on this board
11.4 yrs
Meeting calendar
FWDI · Annual meeting · Friday, August 8, 2025
Forward Industries Inc
3 nominees · 7 ballot items.
Election of three directors; ratification of independent registered public accounting firm; reincorporation to Nevada; Nasdaq 20% issuance proposal ELOC; Nasdaq 20% issuance proposal Series B; amendment to the 2021 Equity Incentive Plan; adjournment.
Market cap
$351M
1Y TSR
-33.0%
Board grade
D
Record date
Jun 18, 2025
Filing
DEF 14A
Meeting concluded · Aug 8, 2025
Follow how the vote landed and what changed on Forward Industries Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot7
- 1
Election of Directors
ManagementBoard: FORElection of three directors to Forward's Board (Sangita Shah, Sharon Hrynkow, and Keith Johnson); the three nominees with the most votes will be elected; the Board recommends voting FOR the slate.
- 2
Ratification of the Appointment of Our Independent Registered Public Accounting Firm for Fiscal Year 2025
ManagementBoard: FORRatify the appointment of CBIZ CPAs P.C. as Forward’s independent registered public accounting firm for fiscal year 2025 (CBIZ has served since March 2025); the Audit Committee reviewed prior year engagements; Board recommends FOR.
- 3
Reincorporation
ManagementBoard: FORApprove reincorporation of Forward from New York to Nevada by merger with Forward Nevada; upon completion, Forward Nevada will be the surviving company; the Nevada charter/bylaws will govern; Board notes potential differences and anti-takeover effects; Board recommends FOR.
- 4
Nasdaq 20% Issuance Proposal ELOC
ManagementBoard: FORAuthorize issuance of common stock under the ELOC with an available amount up to $35 million; initial issuance of 24,929 shares completed; Nasdaq Rule 5635 requires shareholder approval for issuances of 20% or more of outstanding stock below minimum price; Board recommends FOR.
- 5
Nasdaq 20% Issuance Proposal Series B
ManagementBoard: FORApprove issuance of common stock upon conversion of Series B preferred stock and exercise of warrants under the May 23, 2025 agreements; threshold to issue is 19.99% of outstanding stock; anti-dilution and ownership caps apply; Board recommends FOR.
- 6
Amendment to the 2021 Equity Incentive Plan
ManagementBoard: FORApprove amendment to increase the number of shares available under the 2021 Equity Incentive Plan by 300,000 for a total of 429,100 shares; approved by the Board; shareholder approval required; without approval, 36,441 awards may be terminated; Plan facilitates retention and alignment with shareholders.
- 7
Adjournment
ManagementBoard: FORAuthorize adjournment of the Annual Meeting to a later date/time to secure additional proxies if necessary; Board recommends FOR.
Director elections
Nominees on the ballot3
Independent
Tenure on this board
2.5 yrs
Independent
Tenure on this board
1.1 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Galaxy Digital Inc. | 10.9% | 8,108,108 | $36M |
| 2 | J Digital 6 LLC | 10.6% | 7,947,843 | $35M |
| 3 | Alyeska Investment Group, L.P. | 4.4% | 3,250,161 | $14M |
| 4 | Multicoin Capital Management, LLC | 2.4% | 1,783,519 | $8M |
| 5 | Ghisallo Capital Management LLC | 1.3% | 1,006,882 | $4M |
| 6 | Long Corridor Asset Management Ltd | 1.3% | 994,164 | $4M |
| 7 | JANE STREET GROUP, LLC | 1.3% | 965,062 | $4M |
| 8 | Polar Asset Management Partners Inc. | 1.3% | 945,946 | $4M |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.2% | 923,320 | $4M |
| 10 | MARSHALL WACE, LLP | 1.0% | 747,751 | $3M |
Peers
Nearest market capOther Consumer Cyclical sector meetings6
Upcoming shareholder meetings at Forward Industries Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Genesco IncGCO
Annual meeting·Jul 21, 2026·$375M
Xmax IncXMAX
Special meeting·Jul 24, 2026·$578M
Olaplex Holdings IncOLPX
Annual meeting·Jul 9, 2026·$1.4B
Capri Holdings LtdCPRI
Annual meeting·Jul 29, 2026·$2.1B
Driven Brands Holdings IncDRVN
Annual meeting·Jul 28, 2026·$2.3B
Green Brick Partners IncGRBK
Annual meeting·Jul 1, 2026·$3.5B
Reference
Frequently asked questions
- When is the Forward Industries Inc 2025 annual meeting?
- Forward Industries Inc (FWDI) holds its 2025 annual shareholder meeting on Friday, August 8, 2025.
- What is the record date for the Forward Industries Inc 2025 meeting?
- The record date for the Forward Industries Inc 2025 meeting is Wednesday, June 18, 2025. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Forward Industries Inc's 2025 meeting?
- The board is presenting 3 director nominees at the Forward Industries Inc 2025 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Forward Industries Inc 2025 meeting?
- Shareholders will vote on 7 proposals at the Forward Industries Inc 2025 meeting, each tagged with who proposed it and the board's recommendation.
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