Last $1.11 USD
Change Today +0.03 / 2.78%
Volume 61.4K
FORD On Other Exchanges
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

forward industries inc (FORD) Snapshot

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52 Week High
03/31/14 - $2.10
52 Week Low
11/21/14 - $1.03
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forward industries inc (FORD) Details

Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for hand held electronic devices. The company offers carrying cases and other accessories for medical monitoring and diagnostic kits; and other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, smartphones, GPS and location devices, tablets, and firearms. It also designs, markets, and distributes carry and protective solutions for hand held electronics devices, including soft-sided carrying cases, bags, clips, hand straps, protective plates, and other accessories made of leather, nylon, vinyl, plastic, PVC, and other synthetic materials. Forward Industries, Inc. sells its products to original equipment manufacturers and contract manufacturers in the Americas, the EMEA, and the APAC regions. The company was founded in 1954 and is headquartered in West Palm Beach, Florida.

19 Employees
Last Reported Date: 01/14/14
Founded in 1954

forward industries inc (FORD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

forward industries inc (FORD) Key Developments

Forward Industries Considers Strategic Alternatives

Forward Industries Inc. (NasdaqCM:FORD) is conducting a strategic review. Forward Industries must consider all strategic alternatives, including reinvestment in organic growth, non-organic growth through acquisition, an outright sale of the legacy business and/or other monetization of assets. Primary objective of the company has been to grow our business both organically and through strategic acquisition.

Forward Industries Inc. Announces Board Appointments

On October 24, 2014, Timothy Gordon resigned from his position as a member of the Board of Directors of Forward Industries Inc. effective immediately. Mr. Gordon served on the company's Nominating and Governance Committee, Audit Committee, Special Committee, Investment Committee and Compensation Committee. Mr. Gordon's resignation was not the result of any disagreement related to any matter involving the company's operations, policies or practices. On October 29, 2014, the Board appointed Joseph E. Mullin to the Board to serve until his successor has been duly elected and qualified. The Board also appointed Mr. Mullin to serve on the company's Nominating and Governance Committee, Audit Committee and Compensation Committee. Mr. Mullin has not entered into any transactions with the company since the beginning of the Company's last fiscal year. Mr. Mullin, is the founder and partner of Joseph E. Mullin LLC since 2010. Mr. Mullin currently serves as a Director of Currencio Limited.

Forward Industries Receives Non-Compliance Notice From Listing Qualifications Department Of The Nasdaq Stock Market

On October 2, 2014, Forward Industries, Inc. received notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) informing the Company that, because the Company failed to hold its annual meeting of shareholders by September 30, 2014 and file its definitive proxy statement, the Company no longer complies with Nasdaq Listing Rules 5620(a) and 5620(b) with respect to annual meeting and proxy solicitation requirement for continued listing on the Nasdaq Stock Market. Nasdaq’s notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Stock Market. The Company has been provided until October 9, 2014 to appeal Nasdaq’s determination to a Hearings Panel (the “Panel”). Unless the Company requests an appeal of the determination, trading of the Company’s common stock will be suspended at the opening of business on October 13, 2014, and a Form 25-NSE will be filed with the Securities and Exchange Commission which will remove the Company’s securities from listing and registration on Nasdaq. A hearing request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. The Company, which has set the date of the upcoming annual meeting of shareholders to be December 30, 2014, intends to appeal the staff delisting determination. The time and place of any such hearing will be determined by the Panel. There can be no assurance that the Panel will grant the Company’s request for continued listing. If the Panel does not grant the relief sought by the Company, its securities will be delisted from Nasdaq in which event the Company would seek to cause them be quoted in over the counter markets, which may result in a substantially less liquid market for the securities.


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