Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2015-12-18 | Mr. Wise serves as principal and Chairman of Justwise and is the Chief Executive Officer of Forward Industries. Fiscal 2015 Director Compensation: Fees Earned or Paid in Cash $49,250, Stock Awards $32,200, Total $81,450. |
| 2016-12-14 | Mr. Wise serves as principal and Chairman of Justwise which he founded in 1977. Mr. Wise also serves as a principal of Forward Industries Asia-Pacific Corporation. The Board determined that as a result of being employed as an executive officer, Mr. Wise was not independent under the Nasdaq Listing Rules. The Company pays annual cash compensation of $65,000 to its non-employee directors. Mr. Wise agreed to forego and shall not be entitled to other benefit, bonus, directors' fees, stock grants or other compensation for his service, including as a member of the Board during the term of the Employment Agreement. |
| 2017-12-28 | Terence Wise is Chairman and CEO. He is not independent and does not serve on committees. His total compensation was $300,000 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: Terence Wise 0. 2018 Summary Compensation Table shows Terence Wise total compensation 300,000. |
| 2019-12-27 | Terence Wise is a director and executive officer, age 72, appointed February 2012. He is Chairman and CEO. He does not receive compensation for Board service but his total executive compensation for 2019 was $300,000. |
| 2020-12-29 | Terence Wise Mr. Wise serves as principal and Chairman of Justwise which he founded in 1977 ... Mr. Wise was selected as a director for his extensive experience in the Asian markets. Executive Officers Terence Wise Age: 73, Position: Chief Executive Officer Summary Compensation Table Terence Wise 2020 Salary: 300,000, Option Awards: 100,000, Total: 400,000 |
| 2021-12-30 | Mr. Wise serves as principal and Chairman of The Justwise Group Limited (“Justwise”) which he founded in 1977. Mr. Wise also serves as a principal and owner of Forward Industries Asia-Pacific Corporation (“Forward China”), a buying and supplier agent in the Asia-Pacific region and has significant shareholdings in two furniture manufacturing plants in China. Mr. Wise was selected as a director for his extensive experience in the Asian markets. Summary Compensation Table: Terence Wise, CEO, 2021 total compensation $234,000. |
| 2022-12-19 | Mr. Wise serves as principal and Chairman of The Justwise Group Limited and is the Chief Executive Officer of Forward Industries, Inc. He was selected as a director for his extensive experience in Asian markets. In 2022, Mr. Wise earned $318,750 in salary and $12,000 in other compensation, totaling $330,750. |
| 2024-01-02 | Mr. Wise was appointed as the Company’s Chief Executive Officer and Chairman of the Company’s Board of Directors since July 2015. Mr. Wise was selected as a director for his extensive experience in the Asian markets. Executive Compensation Summary Compensation Table 2023: Terence Wise total $337,000. |
| 2024-04-17 | /s/ Terence Wise Chief Executive Officer |
Data sourced from SEC filings. Last updated: 2025-07-01