Wise condemns any 'extraordinary action' taken by Forward Industries Terence Bernard Wise disclosed that he delivered a letter to Forward Industries' Chairman of the Board, expressing "strong condemnation of any prospective extraordinary action taken by the Board without shareholder approval prior to the contested 2014 Annual Meeting." Wise has engaged, and intends to continue to engage, in discussions with management and the board regarding the nomination of directors as well as ways to enhance stockholder value. He owns 19.6% of the company's outstanding shares.
Forward Industries urges holders to vote the WHITE proxy card Forward Industries requested that shareholders review its proxy statement for the 2014 Annual Meeting of Shareholders recently mailed to shareholders. Forward also issued a letter to shareholders addressing the nominees offered by Terence Bernard Wise in connection with the election contest initiated by Wise. The letter stated. "For the purposes of the upcoming Annual Meeting to be held on December 30, we urge you to look at the facts -- not the rhetoric -- and vote the WHITE proxy card for our slate of nominees."