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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT PURSUANT<BR>
TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (date of earliest event
reported): September 19, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORTUNE INDUSTRIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDIANA<BR>
</B>(State of incorporation or organization)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>001-32543<BR>
</B>(Commission file number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>20-2803889<BR>
</B>(I.R.S. Employer<BR>
Identification No.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>6402 CORPORATE DRIVE<BR>
INDIANAPOLIS, INDIANA 46278<BR>
</B>(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(317)&nbsp;532-1374<BR>
(Registrant&rsquo;s Telephone Number,<BR>
Including Area Code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>
Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>
Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>
Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>
Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black"><B>ITEM 1.01.</B></FONT><B><FONT STYLE="font-size: 10pt">
</FONT><FONT STYLE="color: black">Entry into a Material Definitive Agreement</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 19, 2012, Fortune Industries, Inc. (the &ldquo;Company&rdquo;)
entered into an Escrow Agreement (the &ldquo;Escrow Agreement&rdquo;) with Ide Management Group, LLC, a Tennessee limited liability
company (&ldquo;Ide&rdquo;), whereby the Company and Ide (collectively, the &ldquo;Parties&rdquo;) have agreed to pursue in good
faith the negotiation of a definitive agreement between them relating to a proposed merger transaction in accordance with the material
terms set forth in the Escrow Agreement. As a condition of the Company going forward with further negotiations with Ide, Ide deposited
the sum of Three Hundred Thousand dollars ($300,000.00) into escrow with a third-party bank for the benefit of the Company. The
funds will be used to pay for expenses in connection with the proposed merger transaction. The funds will only be refundable to
Ide if the Company does not complete the proposed merger transaction for reasons not related to Ide, and will not be refundable
to Ide if Ide does not complete the proposed merger transaction for any reason other than the Company not meeting its obligations
to Ide.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Parties entered into the Escrow Agreement in connection
with their reaching an agreement in principal to restructure its current merger agreement by planning to enter into an amended
merger agreement with Ide (the &ldquo;Amended Agreement&rdquo;). The Amended Agreement is subject to final documentation, completion
of due diligence, regulatory compliance and other normal contingencies. Once completed, a revised Proxy Statement and the Amended
Agreement will be filed with the SEC for review. Further, the Amended Agreement will result in the Company remaining registered
with the Securities and Exchange Commission, and it is anticipated that it will continue to be publicly traded. Current shareholders
of the Company will continue to own their Company shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with the negotiation of the Amended Agreement,
it is currently anticipated the Company will exchange all of its professional employer organization (&ldquo;PEO&rdquo;) subsidiaries
for all of the common and preferred shares owned by the late Carter M. Fortune and by CEP, Inc., a Tennessee corporation which
had previously entered into a merger agreement with the Company to acquire all the Company&rsquo;s PEO operations. As a result
of the revised transaction structure, assuming it is not revised further, the Company will cease being in the PEO business and
through its newly acquired Ide subsidiaries, will operate a chain of 20 skilled nursing facilities located in Indiana, Illinois,
Iowa and Wisconsin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The current draft of the Amended Agreement provides that Ide
will merge with a to-be formed subsidiary of the Company, and become a wholly-owned subsidiary of the Company. Mark Ide, the sole
member of Ide, will receive sufficient shares of the Company in exchange for all full ownership of Ide. As a result, Mr. Ide will
own a substantial majority of the Company shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additional information will be made available as material events
occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 9.01. Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">99.01</TD><TD>Press Release of Fortune Industries, Inc. dated September 20, 2012</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Signatures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">FORTUNE INDUSTRIES, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;Date: September 20, 2012&#9;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ Tena Mayberry</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Tena Mayberry<BR>Chief Executive Officer</TD></TR>
</TABLE>

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{"company-data": {"conformed-name": "FORTUNE INDUSTRIES, INC.", "cik": "0000851249", "assigned-sic": "4899", "irs-number": "742504501", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32543", "film-number": "121101068"}, "business-address": {"street1": "ATTN: CARRIE FITZSIMONS", "street2": "6402 CORPORATE DRIVE", "city": "INDIANAPOLIS", "state": "IN", "zip": "46268", "phone": "3175321374"}, "mail-address": {"street1": "ATTN: CARRIE FITZSIMONS", "street2": "6402 CORPORATE DRIVE", "city": "INDIANAPOLIS", "state": "IN", "zip": "46268"}, "former-company": [{"former-conformed-name": "FORTUNE DIVERSIFIED INDUSTRIES INC", "date-changed": "20010820"}, {"former-conformed-name": "WOW ENTERTAINMENT INC", "date-changed": "20001116"}, {"former-conformed-name": "AMERICAN GAMING & ENTERTAINMENT LTD /DE", "date-changed": "19941229"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event
reported): September 19, 2012
FORTUNE INDUSTRIES, INC.
(Exact name of registrant as specified in
its charter)
INDIANA
(State of incorporation or organization)
001-32543
(Commission file number)
20-2803889
(I.R.S. Employer
Identification No.)
6402 CORPORATE DRIVE
INDIANAPOLIS, INDIANA 46278
(Address of principal executive offices)
(317) 532-1374
(Registrant's Telephone Number,
Including Area Code)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (
see
General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01.
Entry into a Material Definitive Agreement
On September 19, 2012, Fortune Industries, Inc. (the "Company")
entered into an Escrow Agreement (the "Escrow Agreement") with Ide Management Group, LLC, a Tennessee limited liability
company ("Ide"), whereby the Company and Ide (collectively, the "Parties") have agreed to pursue in good
faith the negotiation of a definitive agreement between them relating to a proposed merger transaction in accordance with the material
terms set forth in the Escrow Agreement. As a condition of the Company going forward with further negotiations with Ide, Ide deposited
the sum of Three Hundred Thousand dollars ($300,000.00) into escrow with a third-party bank for the benefit of the Company. The
funds will be used to pay for expenses in connection with the proposed merger transaction. The funds will only be refundable to
Ide if the Company does not complete the proposed merger transaction for reasons not related to Ide, and will not be refundable
to Ide if Ide does not complete the proposed merger transaction for any reason other than the Company not meeting its obligations
to Ide.
The Parties entered into the Escrow Agreement in connection
with their reaching an agreement in principal to restructure its current merger agreement by planning to enter into an amended
merger agreement with Ide (the "Amended Agreement"). The Amended Agreement is subject to final documentation, completion
of due diligence, regulatory compliance and other normal contingencies. Once completed, a revised Proxy Statement and the Amended
Agreement will be filed with the SEC for review. Further, the Amended Agreement will result in the Company remaining registered
with the Securities and Exchange Commission, and it is anticipated that it will continue to be publicly traded. Current shareholders
of the Company will continue to own their Company shares.
In connection with the negotiation of the Amended Agreement,
it is currently anticipated the Company will exchange all of its professional employer organization ("PEO") subsidiaries
for all of the common and preferred shares owned by the late Carter M. Fortune and by CEP, Inc., a Tennessee corporation which
had previously entered into a merger agreement with the Company to acquire all the Company's PEO operations. As a result
of the revised transaction structure, assuming it is not revised further, the Company will cease being in the PEO business and
through its newly acquired Ide subsidiaries, will operate a chain of 20 skilled nursing facilities located in Indiana, Illinois,
Iowa and Wisconsin.
The current draft of the Amended Agreement provides that Ide
will merge with a to-be formed subsidiary of the Company, and become a wholly-owned subsidiary of the Company. Mark Ide, the sole
member of Ide, will receive sufficient shares of the Company in exchange for all full ownership of Ide. As a result, Mr. Ide will
own a substantial majority of the Company shares.
Additional information will be made available as material events
occur.
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits
99.01
Press Release of Fortune Industries, Inc. dated September 20, 2012
Signatures.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
FORTUNE INDUSTRIES, INC.
Date: September 20, 2012
By:
/s/ Tena Mayberry
Tena Mayberry
Chief Executive Officer