How Wise was paid
$252,750 in total for 2024, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Other | Total |
|---|---|---|---|---|
| Terence WiseFormer Chief Executive Officer | $240,750 | — | $12,000 | $252,750 |
| Paul SeverinoFormer Executive Officer of IPS | $285,000 | $8,222 | $28,470 | $321,692 |
| Robert WildExecutive Officer of IPS | $286,250 | $8,222 | $20,733 | $315,205 |
| Tom KraMerExecutive Officer of Kablooe | $250,000 | — | $17,759 | $267,759 |
| Kathleen WeisbergChief Financial Officer | $250,000 | — | $7,995 | $257,995 |
What changed and why
- 25%25% CEO salary reduction applied in fiscal 2024.
- $253K$252,750 was the CEO’s fiscal 2024 total compensation, down from $337,000 in 2023.
- No stock or option awards were reported for any named executive in fiscal 2024.
- $8,222$8,222 cash bonuses were paid to both Paul Severino and Robert Wild.
- May 2025 departures included former CEO Terence Wise and former IPS executive Paul Severino.
- $200K$200,000 annual salary was set for interim CEO Michael Pruitt effective May 16, 2025.
Other Forward Industries proxy statements
- 2026 proxy statement
Michael Pruitt paid $873,817.
Filed Jan 26, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.