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<title>Forward Industries Form 8-K </title>



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<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>
<font size="2">&nbsp;</font><b><br>
UNITED STATES</b></p>

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>SECURITIES AND EXCHANGE
COMMISSION</b></p>

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">Washington, D.C. 20549</font></b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>
<font size="4">FORM 8-K </font> </b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>CURRENT REPORT </b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>
<font size="2">Pursuant to Section 13 OR 15(d) of <br>
The Securities Exchange Act of 1934 </font> </b></p>

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>
<font size="2">Date of Report (Date of
earliest event reported) <br>
</font><b><font size="2">July 27, 2006</font></b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>
<font size="6">Forward Industries, Inc.<br>
</font><font size="2">(Exact name of registrant
as specified in its charter) <br>
&nbsp;</font></b></p>





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  padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center'><b><font size="2">New York</font></b></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

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  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center'><b><font size="2">000-6669</font></b></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center'><b><font size="2">13-1950672</font></b></p>
  </td>
 </tr>
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  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>
	<font size="2">(State or Other
  Jurisdiction</font></b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b><font size="2">of Incorporation)</font></b></p>
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  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>
	<font size="2">(Commission</font></b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b><font size="2">File Number)</font></b></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>
	<font size="2">(IRS Employer</font></b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b><font size="2">Identification No.)</font></b></p>
  </td>
 </tr>
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  <font size="2">&nbsp; </font>

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  <font size="2">&nbsp;</font></td>
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  &nbsp;</td>
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  &nbsp;</td>
  <td width="47%" style='width:47.0%;padding:0pt 0pt 0pt 0pt'>

  &nbsp;</td>
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  padding:0pt 0pt 0pt 0pt'>
  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>
	<font size="2">1801 Green Road, Suite E</font></b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b><font size="2">Pompano Beach</font></b><font size="2"><b>, FL</b></font><b><font size="2">
	</font> </b></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

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  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center'><b><font size="2">33064</font></b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center'><b><font size="2">(Address of principal executive offices)</font></b></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=top style='padding:0pt 0pt 0pt 0pt'>
  <p align=center style='text-align:center'><b><font size="2">(Zip&nbsp;Code)</font></b></p>
  </td>
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  &nbsp;
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  &nbsp;</td>
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  &nbsp;</td>
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<font size="2">Registrant's telephone
number, including area code </font> </p>

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(954) 419-9544 </font> </b></p>





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  <font size="2">&nbsp; </font>

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  <p align=center style='text-align:center'><b><font size="2">(Former name or former address, if changed since last
  report)</font></b></p>
	<p align=center style='text-align:center'><font size="2"><b>&nbsp;</b></font></p>
  </td>
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<p style='margin:0pt;margin-bottom:.0001pt'><font size="2">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: </font> </p>
<p style='margin:0pt;margin-bottom:.0001pt'><font size="2">&nbsp;</font></p>



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  <p><font face="Wingdings">o</font></p>
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  <p><font size="2">Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font> </p>
  </td>
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  <p><font face="Wingdings">o</font></p>
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  <p><font size="2">Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font> </p>
  </td>
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  <p><font size="2">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </font> </p>
  </td>
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  <p><font size="2">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </font> </p>
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<p style='margin:0pt;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<p style='margin-left:0pt; margin-right:0pt'><b><font size="2">Item 2.02 Results of
Operations and Financial Condition. </font></b></p>



<p style='text-indent:24.5pt; margin-left:0pt; margin-right:0pt'><font size="2">On Thursday, July 27, 2006, the Company issued a press release announcing its results of operations for
the three- and nine-month periods ended June 30, 2006.&nbsp; A copy of the press release is attached as Exhibit 99.1.</font></p>



<p style='margin-left:0pt; margin-right:0pt'><b><font size="2">Item 5.02(b) DEPARTURE
OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS. </font> </b></p>



<p style='text-indent:24.5pt; margin-left:0pt; margin-right:0pt'><font size="2">On Thursday, July 27, 2006, the Company issued a press release announcing that its Chief Executive
Officer, Jerome E. Ball, plans to retire from the CEO position effective December 31, 2006. A copy of the press release is attached as Exhibit 99.2.</font></p>

<p style='margin-left:0pt; margin-right:0pt'><b><font size="2">Item 9.01 Financial
Statements and Exhibits. </font> </b></p>



<p><font size="2">(c) Exhibits.</font></p>



<p style='margin-left:72.0pt;text-indent:-72.0pt'><font size="2">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on July 27, 2006</font></p>



<p style='margin-left:72.0pt;text-indent:-72.0pt'><font size="2">Exhibit 99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on July 27, 2006</font></p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'><font size="2">&nbsp;</font></p>



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<font size="2">SIGNATURES </font> </b></p>



<p style='margin:0pt;margin-bottom:.0001pt;text-indent:24.5pt'><font size="2">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. </font> </p>





<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><font size="2">Forward Industries Inc.,</font></b></p>

<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><font size="2">&nbsp;</font></b></p>





<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><font size="2">By</font></b><font size="2">:</font></p>





<p style='margin-left:72.0pt;text-indent:-72.0pt'><font size="2">/s/ Jerome E. Ball</font></p>

<p style='margin-left:72.0pt;text-indent:-72.0pt'><font size="2">_______________________________________</font></p>



<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><font size="2">Name </font> </b>
<font size="2">Jerome
E. Ball</font></p>



<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><font size="2">Title:</font></b><font size="2"> Chairman
and Chief Executive Officer</font></p>



<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><font size="2">Dated:</font></b><font size="2"> July 28, 2006</font></p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
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<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
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<font size="2">EXHIBIT INDEX </font><u><font size="2">&nbsp;</font></u></b></p>

<p style='margin-left:72.0pt;text-indent:-72.0pt'><b><u><font size="2">Exhibit No.</font></u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font size="2">Description</font></u></b></p>

<p><font size="2">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued by the Company
on July 27, 2006<br>
Exhibit 99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued by the
Company on July 27, 2006</font></p>
<p>&nbsp;</p>
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<p style='margin-left:72.0pt;text-indent:-72.0pt'><u><font size="2">&nbsp;</font></u></p>



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{"company-data": {"conformed-name": "FORWARD INDUSTRIES INC", "cik": "0000038264", "assigned-sic": "3089", "irs-number": "131950672", "state-of-incorporation": "NY", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06669", "film-number": "06987189"}, "business-address": {"street1": "1801 GREEN ROAD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064", "phone": "9544199544"}, "mail-address": {"street1": "1801 GREEN RD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064"}, "former-company": {"former-conformed-name": "PROGRESS HEAT SEALING CO INC", "date-changed": "19721111"}}
Forward Industries Form 8-K
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)
July 27, 2006
Forward Industries, Inc.
(Exact name of registrant
as specified in its charter)
New York
000-6669
13-1950672
(State or Other
  Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1801 Green Road, Suite E
Pompano Beach
, FL
33064
(Address of principal executive offices)
(Zip Code)
Registrant's telephone
number, including area code
(954) 419-9544
(Former name or former address, if changed since last
  report)
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:
o
Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
o
Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
Item 2.02 Results of
Operations and Financial Condition.
On Thursday, July 27, 2006, the Company issued a press release announcing its results of operations for
the three- and nine-month periods ended June 30, 2006.  A copy of the press release is attached as Exhibit 99.1.
Item 5.02(b) DEPARTURE
OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS.
On Thursday, July 27, 2006, the Company issued a press release announcing that its Chief Executive
Officer, Jerome E. Ball, plans to retire from the CEO position effective December 31, 2006. A copy of the press release is attached as Exhibit 99.2.
Item 9.01 Financial
Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1            Press release issued on July 27, 2006
Exhibit 99.2            Press release issued on July 27, 2006
-1-
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.
Forward Industries Inc.,
By
:
/s/ Jerome E. Ball
_______________________________________
Name
Jerome
E. Ball
Title:
Chairman
and Chief Executive Officer
Dated:
July 28, 2006
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press release issued by the Company
on July 27, 2006
Exhibit 99.2            Press release issued by the
Company on July 27, 2006
-3-