How Pruitt was paid
$873,817 in total for 2025, 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 | Options | Other | Total |
|---|---|---|---|---|---|
| Michael PruittInterim Chief Executive Officer | $75,000 | $30,000 | $713,817 | $55,000 | $873,817 |
| Terence WiseFormer Chief Executive Officer | $160,500 | — | — | $8,000 | $168,500 |
| Kathleen WeisbergChief Financial Officer | $258,333 | $100,000 | $356,909 | $10,750 | $725,992 |
| Robert WildExecutive Officer of IPS | $290,000 | — | — | $19,247 | $309,247 |
What changed and why
- $874KInterim CEO Michael Pruitt received total compensation of $873,817 for fiscal 2025.
- $169KFormer CEO Terence Wise received total compensation of $168,500 after resigning in May 2025.
- $726KCFO Kathleen Weisberg received total compensation of $725,992 for fiscal 2025.
- $309KExecutive Officer of IPS Robert Wild received total compensation of $309,247 for fiscal 2025.
- Option awards were granted to retain executives for the new digital asset treasury strategy.
Other Forward Industries proxy statements
- 2025 proxy statement
Terence Wise paid $252,750 (-25% on the year).
Filed Jun 20, 2025
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.