SANGITA SHAH - Corporate Board Profile

Forward Industries, Inc.

Filing Date	Source Excerpt
2015-12-18	Ms. Shah currently serves as director and owner of Odyssean Enterprises Limited. The following table identifies the independent and non-independent Board nominees and committee members: Sangita Shah - Chair of Audit Committee, member of Compensation Committee. Fiscal 2015 Director Compensation: Fees Earned or Paid in Cash $43,000, Stock Awards $32,200, Total $75,200.
2016-12-14	Ms. Shah was selected as a director for her board and accounting experience. The following table identifies the independent and non-independent Board nominees and committee members: Sangita Shah - Independent: Yes, Audit: Chair, Compensation: ✓. Fiscal 2016 Director Compensation: Fees Earned or Paid in Cash: $76,000, Stock Awards: $51,450, Total: $127,450.
2017-12-28	Sangita Shah is a director and Lead Director. She serves as Chair of the Audit Committee and on the Compensation Committee. She received $65,000 in cash fees and $37,450 in stock awards for a total of $102,450 in fiscal 2017.
2018-12-20	In fiscal 2018, the Company paid annual cash compensation of $35,000 to its non-employee directors as well as additional fees for service on the Acquisition Committee and Business Development Committee ($20,000 for service as a chairperson of these committees and $15,000 for non-chairperson members). In fiscal 2018, non-employee directors were compensated for as follows: Sangita Shah 215,251
2019-12-27	Sangita Shah is a director, age 53, appointed February 2015. She is the Lead Director and serves as Chair of the Compensation Committee, and also serves on the Audit and Nominating and Corporate Governance Committees. In fiscal 2019, she received total compensation of $163,900.
2020-12-29	Sangita Shah Ms. Shah currently serves as director and owner of Odyssean Enterprises Limited ... Ms. Shah was selected as a director for her board and accounting experience, and she also serves as our Lead Director. The following table identifies the independent and non-independent Board nominees and Committee members: Sangita Shah Independent: ×, Audit: Chair, Compensation: ×, Nominating and Corporate Governance: × In fiscal 2020, non-employee directors were compensated for as follows: Sangita Shah Fees Earned or Paid in Cash: 53,738, Option Awards: 65,000, Total: 118,738
2021-12-30	Ms. Shah was selected as a director for her board and accounting experience, and she also serves as our Lead Director. The following table identifies the independent and non-independent Board and Committee members: Sangita Shah - Independent, Chair of Audit Committee, member of Compensation and Nominating and Governance Committees. In fiscal 2021, non-employee directors were compensated as follows: Sangita Shah - $52,500.
2022-12-19	Ms. Shah was selected as a director for her board and accounting experience, and she also serves as our Lead Director. The Audit Committee has determined that Ms. Shah is qualified as an Audit Committee Financial Expert. In fiscal 2022, non-employee directors were paid $60,000 per annum (with a $20,000 supplement for the Lead Director) in cash. Additionally, Ms. Shah was issued $80,000 of five-year stock options. Total compensation was $160,000.
2024-01-02	Ms. Shah was selected as a director for her board and accounting experience, and she also serves as our Lead Director. The Audit Committee Financial Expert. Our Board has determined that Ms. Shah is qualified as an Audit Committee Financial Expert. The following table identifies the independent and non-independent Board and Committee members: Sangita Shah - Chair of Audit Committee, member of Compensation and Nominating and Governance Committees. Compensation of Directors Table 2023: Sangita Shah total $100,000.