UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM
______________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction | (Commission | (I.R.S. Employer | ||
of Incorporation) | File Number) | Identification No.) |
(Address of Principal Executive Office) (Zip Code)
(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)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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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 |
The |
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 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On November 15, 2022, the Board of Directors of Forward Industries, Inc. (the “Company”) approved the extension of the maturity date of that certain $1.6 million promissory note (which, after $200,000 of principal payments, the principal balance has been reduced to $1.4 million) issued by the Company to Forward Industries (Asia-Pacific) Corporation (“Forward China”) to December 31, 2024. Forward China is an entity which is owned by the Company’s Chairman and Chief Executive Officer.
In connection with the extension, the Company and Forward China entered into an amendment to the Note.
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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: November 16, 2022 | By: | /s/ Anthony Camarda | |
Name: Anthony Camarda | |||
Title: Chief Financial Officer |
3 |
Cover |
Nov. 15, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Nov. 15, 2022 |
Entity File Number | 001-34780 |
Entity Registrant Name | Forward Industries, Inc. |
Entity Central Index Key | 0000038264 |
Entity Tax Identification Number | 13-1950672 |
Entity Incorporation, State or Country Code | NY |
Entity Address, Address Line One | 700 Veterans Memorial Hwy. Suite 100 |
Entity Address, City or Town | Hauppauge |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 11788 |
City Area Code | (631) |
Local Phone Number | 547-3041 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | FORD |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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