Key Developments For Forward Industries Inc
Forward Industries Inc (FORD.O) (Consolidated Issue listed on NASDAQ Capital Market)
Forward Industries, Inc. Enters Into New License Agreement With Motorola
Forward Industries, Inc. announced that it has entered into a new, non-exclusive license agreement with Motorola Inc., to distribute Motorola branded products to customers in the United States, Canada, and Europe, through March 31, 2009. Under the new license agreement, Forward is permitted to design, manufacture, and sell Motorola branded carry solutions, face plates, cleaners and decorative accessories for mobile telephones and related accessories directly to third party wholesalers and retailers in the licensed territories.
Forward Industries, Inc. Announces Passing Of Jerome E. Ball
Forward Industries, Inc. announced the unexpected passing on April 22, 2008, of Jerome E. Ball, its Chairman of the Board.
Forward Industries, Inc. Announces Appoint Of Chief Financial Officer-Form 8-K
Forward Industries, Inc. reported in it's form 8-k that on November 29, 2007, the Compensation Committee of the Board of Directors determined that James O. McKenna, who has been designated by the Board of Directors to succeed Mr. Sabra as Chief Financial Officer of the Company. In addition, the Compensation Committee, as Plan administrator, made a grant to Mr. McKenna, to become effective January 1, 2008, and subject to his assuming the office of Chief Financial Officer of the Company.
Forward Industries, Inc.'s Chief Executive Officer Jerome E. Ball To Retire-Complete Story
Forward Industries, Inc. announced that Jerome E. Ball, Chairman and Chief Executive Officer, will retire as Chief Executive Officer of the Company on December 31, 2007. The Company named its current Chief Financial Officer Douglas W. Sabra to succeed Mr. Ball at that time. Mr. Ball will stay on as the Company's non-executive chairman of the Board of Directors, contingent upon his re-election to the Board at the next annual shareholders meeting.The Company also announced that its Board of Directors appointed James O. McKenna to succeed Mr. Sabra as Chief Financial Officer effective January 1, 2008.The Company also received written notice from Michael M. Schiffman of his intention to resign as the Company’s President and Chief Operating Officer at the end of his current employment contract, expiring December 31, 2007.
Forward Industries, Inc.'s Chief Executive To Remain With Company
Forward Industries, Inc. announced that Jerome E. Ball, Chairman and Chief Executive Officer, will remain as CEO of the Company and complete his term of office that is scheduled to expire December 31, 2007. The Company's Board of Directors accepted Mr. Ball's decision and has discontinued its search for a successor to Mr. Ball. In July 2006, Forward announced that Mr. Ball planned to retire from the CEO position in December 2006 and remain as non-executive Chairman of the Company's Board of Directors.
