Forward Industries Management

Management criteria checks 3/4

Forward Industries' CEO is Terry Wise, appointed in Jul 2015, has a tenure of 8.75 years. total yearly compensation is $337.00K, comprised of 96.4% salary and 3.6% bonuses, including company stock and options. directly owns 16.24% of the company’s shares, worth $873.94K. The average tenure of the management team and the board of directors is 6.5 years and 9.2 years respectively.

Key information

Terry Wise

Chief executive officer

US$337.0k

Total compensation

CEO salary percentage	96.4%
CEO tenure	8.8yrs
CEO ownership	16.2%
Management average tenure	6.5yrs
Board average tenure	9.2yrs

Recent management updates

Here's Why Forward Industries, Inc.'s (NASDAQ:FORD) CEO May Not Expect A Pay Rise This Year

Feb 10

How Much is Forward Industries' (NASDAQ:FORD) CEO Getting Paid?

Jan 08

Recent updates

Cautious Investors Not Rewarding Forward Industries, Inc.'s (NASDAQ:FORD) Performance Completely

Dec 21

Forward Industries GAAP EPS of -$0.04, revenue of $10.59M

Aug 10

Forward Industries (NASDAQ:FORD) Could Be Struggling To Allocate Capital

May 26

Here's Why Forward Industries, Inc.'s (NASDAQ:FORD) CEO May Not Expect A Pay Rise This Year

Feb 10

CEO Compensation Analysis

How has Terry Wise's remuneration changed compared to Forward Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$131k
Sep 30 2023	US$337k	US$325k	US$159k
Jun 30 2023	n/a	n/a	-US$454k
Mar 31 2023	n/a	n/a	-US$336k
Dec 31 2022	n/a	n/a	US$179k
Sep 30 2022	US$331k	US$319k	US$450k
Jun 30 2022	n/a	n/a	-US$679k
Mar 31 2022	n/a	n/a	-US$17k
Dec 31 2021	n/a	n/a	-US$495k
Sep 30 2021	US$234k	US$225k	US$524k
Jun 30 2021	n/a	n/a	US$501k
Mar 31 2021	n/a	n/a	US$42k
Dec 31 2020	n/a	n/a	-US$495k
Sep 30 2020	US$400k	US$300k	-US$2m
Jun 30 2020	n/a	n/a	-US$4m
Mar 31 2020	n/a	n/a	-US$3m
Dec 31 2019	n/a	n/a	-US$3m
Sep 30 2019	US$300k	US$300k	-US$4m
Jun 30 2019	n/a	n/a	-US$2m
Mar 31 2019	n/a	n/a	-US$1m
Dec 31 2018	n/a	n/a	US$802k
Sep 30 2018	US$300k	US$300k	US$1m
Jun 30 2018	n/a	n/a	US$1m
Mar 31 2018	n/a	n/a	US$2m
Dec 31 2017	n/a	n/a	US$475k
Sep 30 2017	US$300k	US$300k	US$579k

Compensation vs Market: Terry's total compensation ($USD337.00K) is below average for companies of similar size in the US market ($USD670.12K).

Compensation vs Earnings: Terry's compensation has increased whilst the company is unprofitable.

CEO

Terry Wise (75 yo)

8.8yrs

Tenure

US$337,000

Compensation

Mr. Terence Bernard Wise, also known as Terry, has been the Chairman and Chief Executive Officer of Forward Industries Inc. since January 20, 2015 and July 2015 respectively. Mr. Wise has been a Director o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Terence Wise	Chairman & CEO	8.8yrs	US$337.00k	16.24% $ 873.9k
Kathleen Weisberg	CFO, Treasurer & Secretary	less than a year	US$252.00k	no data
Robert Wild	Chief Operating Officer of Intelligent Product Solutions Inc	no data	US$351.41k	0.050% $ 2.7k
Paul Severino	President of Intelligent Product Solutions Inc	16.3yrs	US$370.27k	0.58% $ 31.0k
Thomas KraMer	Chief Executive Officer of Kablooe Inc	4.3yrs	US$269.71k	1.67% $ 89.9k
Anthony Camarda	Chief Accounting Officer	no data	US$284.81k	no data

6.5yrs

Average Tenure

58.5yo

Average Age

Experienced Management: FORD's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Terence Wise	Chairman & CEO	12.2yrs	US$337.00k	16.24% $ 873.9k
Sharon Hrynkow	Independent Director	2.2yrs	US$80.00k	0.15% $ 7.9k
Sangita Shah	Independent Lead Director	9.2yrs	US$100.00k	1.1% $ 59.5k

9.2yrs

Average Tenure

63yo

Average Age

Experienced Board: FORD's board of directors are considered experienced (9.2 years average tenure).

Forward Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Forward Industries, Inc., Annual General Meeting, Feb 14, 2023

Forward Industries, Inc. Approves Committee Appointments

Here's Why Forward Industries, Inc.'s (NASDAQ:FORD) CEO May Not Expect A Pay Rise This Year

Insufficient new directors

Independent Director exercised options and sold US$143k worth of stock

How Much is Forward Industries' (NASDAQ:FORD) CEO Getting Paid?

Recent updates

New minor risk - Share price stability

Forward Industries Receives Equity Deficiency Notice from Nasdaq

First quarter 2024 earnings released: US$0.038 loss per share (vs US$0.043 loss in 1Q 2023)

Forward Industries Announces Update on Non-Compliance Notice from Nasdaq

Full year 2023 earnings released: EPS: US$0.016 (vs US$0.14 loss in FY 2022)

Cautious Investors Not Rewarding Forward Industries, Inc.'s (NASDAQ:FORD) Performance Completely

Now 22% undervalued after recent price drop

Third quarter 2023 earnings released: US$0.053 loss per share (vs US$0.042 loss in 3Q 2022)

Forward Industries Receives Non-Compliance Notice from Nasdaq Regarding Non-Compliance with Minimum Bid Price for its Common Stock

Second quarter 2023 earnings released: US$0.087 loss per share (vs US$0.035 loss in 2Q 2022)

First quarter 2023 earnings released: US$0.043 loss per share (vs US$0.018 profit in 1Q 2022)

Forward Industries, Inc., Annual General Meeting, Feb 14, 2023

Full year 2022 earnings released: US$0.14 loss per share (vs US$0.053 profit in FY 2021)

Third quarter 2022 earnings released: US$0.042 loss per share (vs US$0.024 profit in 3Q 2021)

Forward Industries GAAP EPS of -$0.04, revenue of $10.59M

Forward Industries (NASDAQ:FORD) Could Be Struggling To Allocate Capital

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Forward Industries, Inc. Approves Committee Appointments

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why Forward Industries, Inc.'s (NASDAQ:FORD) CEO May Not Expect A Pay Rise This Year

Is Forward Industries (NASDAQ:FORD) Using Too Much Debt?

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorated over the past week

Insufficient new directors

Forward Industries (NASDAQ:FORD) Is Carrying A Fair Bit Of Debt

Third quarter 2021 earnings released: EPS US$0.024 (vs US$0.023 loss in 3Q 2020)

Independent Director exercised options and sold US$143k worth of stock

Is Forward Industries (NASDAQ:FORD) A Risky Investment?

Second quarter 2021 earnings released: US$0.084 loss per share (vs US$0.14 loss in 2Q 2020)

Is Forward Industries (NASDAQ:FORD) A Risky Investment?

First quarter 2021 earnings released: EPS US$0.12 (vs US$0.009 loss in 1Q 2020)

New 90-day high: US$4.34

New 90-day high: US$2.22

How Much is Forward Industries' (NASDAQ:FORD) CEO Getting Paid?

New 90-day high: US$2.16

Full year 2020 earnings released: US$0.18 loss per share

Revenue beats expectations, earnings disappoint

Forward Industries EPS beats by $0.01, beats on revenue

New 90-day high: US$1.71

Forward Industries, Inc. and Forward Industries (Asia-Pacific) Corporation Extends the Term of Certain Buying Agency and Supply Agreement

Forward Industries expands its outsourced manufacturing service

New 90-day high - US$1.77

Forward Industries, Inc. (NasdaqCM:FORD) acquired all assets of Kablooe Design, Inc. for $1.5 million.

Third quarter earnings released

New 90-day high - US$1.54

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age