UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No.)
| Filed by Registrant | þ | |
| Filed by Party other than Registrant | ¨ | |
| Check the appropriate box: |
| ¨ | Preliminary Proxy Statement | ¨ | Confidential, for Use of the Commission |
| Only (as permitted by Rule 14a-6(e)(2)) | |||
| ¨ | Definitive Proxy Statement | þ | Definitive Additional Materials |
| ¨ | Soliciting Materials Pursuant to §240.14a-12 | ||
FORWARD INDUSTRIES, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
| Payment of Filing Fee (Check the appropriate box): | ||
| þ | No fee required. | |
| ¨ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |
| (1) | Title of each class of securities to which transaction applies: | |
| (2) | Aggregate number of securities to which transaction applies: | |
| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): | |
| $_____ per share as determined under Rule 0-11 under the Exchange Act. | ||
| (4) | Proposed maximum aggregate value of transaction: | |
| (5) | Total fee paid: | |
| ¨ | Fee paid previously with preliminary materials. | |
| ¨ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| (1) | Amount previously paid: | |
| (2) | Form, Schedule or Registration Statement No.: | |
| (3) | Filing Party: | |
| (4) | Date Filed: |
Forward Industries, Inc.
700 Veterans Memorial Highway, Suite 100
Hauppauge, New York 11788
_________________________
To The Shareholders of Forward Industries, Inc.:
We are providing our shareholders with this Definitive Additional Proxy Material to supplement the disclosure provided to shareholders on the Definitive Schedule 14A filed with the Securities and Exchange Commission on December 29, 2020.
Subject to shareholder approval of Proposal 2 (Approval of the 2021 Equity Incentive Plan), approximately 85 employees, 3 non-employee directors and 15 consultants would be eligible to participate in the Plan if it were currently in place and approved by shareholders. As of the record date, approximately 87 employees, 3 non-employee directors and 15 consultants would be eligible to participate in the Plan if it were currently in place and approved by shareholders.
Awards under the Plan are subject to receiving shareholder approval of Proposal 2 and no awards have been (or will be) granted under the Plan unless shareholder approval of the Plan is obtained. The market value of the Company’s common stock was $2.16 and $3.89 as of the record date and as of January 26, 2021, respectively.
