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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WASHINGTON, D.C. 20549</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-align: center">FORM 8-K</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">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXCHANGE ACT OF 1934</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-align: center">Date of Report (Date of earliest event reported):
May 22, 2012</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-align: center"></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; text-autospace: none; font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Marketing Worldwide Corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; text-autospace: none; text-align: center; border-bottom: Black 1pt solid">Delaware</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; text-autospace: none; text-align: center; border-bottom: Black 1pt solid">000-50586</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; text-autospace: none; text-align: center; border-bottom: Black 1pt solid">68-0566295</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">(State or other jurisdiction</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center">(Commission</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">of incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center">File Number)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; text-align: center; border-bottom: Black 1pt solid">2212 Grand Commerce Dr., Howell, Michigan 48855</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;(Address of principal executive offices) (Zip Code)</TD></TR>
</TABLE>
<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">Registrant's telephone number, including area code: (517) 540-0045</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">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 Instructions
A.2 below):</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="width: 97%; text-autospace: none">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="text-autospace: none">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="text-autospace: none">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="text-autospace: none">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3.03.&#9;Material Modification to Rights of Security
Holders</B></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"><FONT STYLE="color: black">On May 22, 2012, Marketing Worldwide
Corporation (the &ldquo;Company&rdquo;) entered a Securities Exchange Agreement with two investors. The Company exchanged the remaining
</FONT>outstanding shares of Series A Convertible Preferred Stock (<FONT STYLE="color: black">1,691,901</FONT> shares) and Series
B Convertible Preferred Stock (<FONT STYLE="color: black">1,192,308 shares) for </FONT>11,923 shares of the Company&rsquo;s Series
E 6% Convertible Preferred Stock. A copy of the Certificate of Designation of the Company&rsquo;s Series E 6% Convertible Preferred
Stock is included as Exhibit 1. In 2007, the Company sold 3,500,000 shares of Series A Convertible Preferred Stock and issued 15,500,000
warrants to Vision Opportunity Master Fund, Ltd. for gross proceeds of $3,500,000. The Series A paid dividends of 9% per year.
In 2008, the Company issued <FONT STYLE="color: black">1,192,308 shares of </FONT>Series B Convertible Preferred Stock to Vision
Opportunity Master Fund, Ltd. for the cancellation of 15,500,000 warrants. At September 30, 2011 and March 31, 2012, the Series
A was listed as temporary equity on the Company&rsquo;s balance sheet as $3,499,950 and $1,691,851, respectively. Between September
30, 2011 and March 31, 2012, a portion of the Series A was converted into common stock to eliminate $1,808,099 of temporary equity.
The <FONT STYLE="color: black">Securities Exchange Agreement eliminates the remaining </FONT>$1,691,851 of temporary equity on
the balance sheet attributed to the Series A.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item&nbsp;5.03</B></TD><TD STYLE="text-align: justify"><B>Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year</B></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with the Securities Exchange Agreement discussed
above, the Company filed the Certificate of Designation of the Company&rsquo;s Series E 6% Convertible Preferred Stock. A copy
of the Certificate of Designation of the Company&rsquo;s Series E 6% Convertible Preferred Stock is included as Exhibit 1. The
Series E consists of 15,000 shares with a stated value of $100 per share and pays a 6% annual dividend. Each share of Series E
can convert into shares of common stock at the Conversion Price. The Conversion Price is determined prior to submitting a Conversion
Notice and is calculated using 50% of the lowest closing bid price during the 5 trading days prior to the Conversion Notice. The
Company issued 11,923 shares of Series E to eliminate <FONT STYLE="color: black">the remaining </FONT>outstanding shares of Series
A Convertible Preferred Stock (<FONT STYLE="color: black">1,691,901</FONT> shares) and Series B Convertible Preferred Stock (<FONT STYLE="color: black">1,192,308
shares).</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item&nbsp;8.01.</B></TD><TD STYLE="text-align: justify"><B>Other Events</B></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company obtained $160,000 from the sale of Promissory Notes
due December 31, 2012. The form of the Promissory Note due December 31, 2012 is included as Exhibit 2. The Promissory Note can
convert into common stock at a discount to the market price of the Company&rsquo;s common stock. The Conversion Price is calculated
using 50% of the lowest closing bid price during the 5 trading days prior to conversion.</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 Company&rsquo;s board of directors and management are taking
actions based upon their informed business judgment to continue operations for the benefit of the creditors and shareholders of
the Company. Since the Company is in the zone of insolvency, the Company must consider the interests of both shareholders and creditors.
As the Company strives to repay its debt and secure capital to support higher revenue in future periods, there will be dilution
to existing stockholders caused by the issuance of common stock for cash and in exchange for debt. While management seeks to minimize
the dilution to existing stockholders, multiple factors beyond management&rsquo;s control, such as general economic conditions,
the availability of and terms available for debt and equity funding, and the trading price of the Company&rsquo;s common stock,
have a significant impact on this effort. The Company&rsquo;s effort to restructure its operations and to report positive cash
flow and profits is expected to take 6-18 months. Investors are cautioned that these efforts may not be successful.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item&nbsp;9.01.</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits</B></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; text-autospace: none; text-decoration: none; border-bottom: Black 1pt solid">Exhibit #</TD>
    <TD STYLE="width: 3%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 83%; text-autospace: none; text-decoration: none; border-bottom: Black 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">Exhibit 1</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Certificate of Designation of the Series E 6% Convertible Preferred Stock</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">Exhibit 2</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Form of Promissory Note due December 31, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<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">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">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 hereunto 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">Date: May 31, 2012</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 40%; text-autospace: none">Marketing Worldwide Corporation</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-decoration: none; border-bottom: Black 1pt solid">/s/ Charles Pinkerton</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Charles Pinkerton</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; text-autospace: none">Exhibit 1</TD>
    <TD STYLE="width: 89%; text-autospace: none">Certificate of Designation of the Series E 6% Convertible Preferred Stock</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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[{"type": "8-K", "sequence": "1", "filename": "v315138_8k.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 18450}]
{"company-data": {"conformed-name": "MARKETING WORLDWIDE CORP", "cik": "0001278363", "assigned-sic": "5013", "irs-number": "680566295", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50586", "film-number": "12884707"}, "business-address": {"street1": "2212 GRAND COMMERCE DRIVE", "city": "HOWELL", "state": "MI", "zip": "48855", "phone": "517-540-0045"}, "mail-address": {"street1": "2212 GRAND COMMERCE DRIVE", "city": "HOWELL", "state": "MI", "zip": "48855"}}
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):
May 22, 2012
Marketing Worldwide Corporation
(Exact name of registrant as specified in its charter)
Delaware
000-50586
68-0566295
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
2212 Grand Commerce Dr., Howell, Michigan 48855
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517) 540-0045
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 Instructions
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 3.03.	Material Modification to Rights of Security
Holders
On May 22, 2012, Marketing Worldwide
Corporation (the "Company") entered a Securities Exchange Agreement with two investors. The Company exchanged the remaining
outstanding shares of Series A Convertible Preferred Stock (
1,691,901
shares) and Series
B Convertible Preferred Stock (
1,192,308 shares) for
11,923 shares of the Company's Series
E 6% Convertible Preferred Stock. A copy of the Certificate of Designation of the Company's Series E 6% Convertible Preferred
Stock is included as Exhibit 1. In 2007, the Company sold 3,500,000 shares of Series A Convertible Preferred Stock and issued 15,500,000
warrants to Vision Opportunity Master Fund, Ltd. for gross proceeds of $3,500,000. The Series A paid dividends of 9% per year.
In 2008, the Company issued
1,192,308 shares of
Series B Convertible Preferred Stock to Vision
Opportunity Master Fund, Ltd. for the cancellation of 15,500,000 warrants. At September 30, 2011 and March 31, 2012, the Series
A was listed as temporary equity on the Company's balance sheet as $3,499,950 and $1,691,851, respectively. Between September
30, 2011 and March 31, 2012, a portion of the Series A was converted into common stock to eliminate $1,808,099 of temporary equity.
The
Securities Exchange Agreement eliminates the remaining
$1,691,851 of temporary equity on
the balance sheet attributed to the Series A.
Item 5.03
Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year
In connection with the Securities Exchange Agreement discussed
above, the Company filed the Certificate of Designation of the Company's Series E 6% Convertible Preferred Stock. A copy
of the Certificate of Designation of the Company's Series E 6% Convertible Preferred Stock is included as Exhibit 1. The
Series E consists of 15,000 shares with a stated value of $100 per share and pays a 6% annual dividend. Each share of Series E
can convert into shares of common stock at the Conversion Price. The Conversion Price is determined prior to submitting a Conversion
Notice and is calculated using 50% of the lowest closing bid price during the 5 trading days prior to the Conversion Notice. The
Company issued 11,923 shares of Series E to eliminate
the remaining
outstanding shares of Series
A Convertible Preferred Stock (
1,691,901
shares) and Series B Convertible Preferred Stock (
1,192,308
shares).
Item 8.01.
Other Events
The Company obtained $160,000 from the sale of Promissory Notes
due December 31, 2012. The form of the Promissory Note due December 31, 2012 is included as Exhibit 2. The Promissory Note can
convert into common stock at a discount to the market price of the Company's common stock. The Conversion Price is calculated
using 50% of the lowest closing bid price during the 5 trading days prior to conversion.
The Company's board of directors and management are taking
actions based upon their informed business judgment to continue operations for the benefit of the creditors and shareholders of
the Company. Since the Company is in the zone of insolvency, the Company must consider the interests of both shareholders and creditors.
As the Company strives to repay its debt and secure capital to support higher revenue in future periods, there will be dilution
to existing stockholders caused by the issuance of common stock for cash and in exchange for debt. While management seeks to minimize
the dilution to existing stockholders, multiple factors beyond management's control, such as general economic conditions,
the availability of and terms available for debt and equity funding, and the trading price of the Company's common stock,
have a significant impact on this effort. The Company's effort to restructure its operations and to report positive cash
flow and profits is expected to take 6-18 months. Investors are cautioned that these efforts may not be successful.
Item 9.01.
Financial Statements and Exhibits
Exhibit #
Description
Exhibit 1
Certificate of Designation of the Series E 6% Convertible Preferred Stock
Exhibit 2
Form of Promissory Note due December 31, 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 hereunto duly authorized.
Date: May 31, 2012
Marketing Worldwide Corporation
/s/ Charles Pinkerton
Charles Pinkerton
Chief Executive Officer
Exhibit 1
Certificate of Designation of the Series E 6% Convertible Preferred Stock