Forward Industries, Inc. Appoints Interim CEO and Approves Director Compensation

On October 27, 2025, Forward Industries, Inc. announced the appointment of Michael Pruitt as the interim Chief Executive Officer, effective September 10, 2025. The Compensation Committee approved an employment agreement with Pruitt, which includes a monthly base salary of $30,000 for a six-month term. Additionally, the Board approved non-executive director compensation for fiscal year 2026, set at $100,000 per annum for each non-executive director, payable in quarterly installments of $25,000. Kyle Samani, the Chairman of the Board, will not receive this compensation. The Board also appointed Sangita Shah as the Chairperson of the Compensation Committee and Keith Johnson as the Chairperson of the Audit and Risk Committee.