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<title>Forward Industries Form 8-K dated December 22, 2004 </title>



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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION<br>
Washington, D.C. 20549</b></p>



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



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



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

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Date of Report (Date of
earliest event reported) <br>
<b>December 20, 2004 </b> </p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="5">Forward Industries, Inc.<br>
</font><font size="1">(Exact name of registrant
as specified in its charter) </font></b></p>





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  <p class=MsoNormal align=center style='text-align:center'><b>000-6669</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>13-1950672</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(State or Other
  Jurisdiction<br>
	of Incorporation)</b></p>
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  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Commission<br>
	File Number)</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(IRS Employer<br>
	Identification No.)</b></p>
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  &nbsp;

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  &nbsp;

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  &nbsp;</td>
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  padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>1801 Green Road</b><b>, Suite E<br>
	Pompano Beach</b><b>, FL</b><b> </b></p>
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  </td>
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  <p class=MsoNormal align=center style='text-align:center'><b>33064</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>(Address of principal executive offices)</b></p>
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  &nbsp;
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  &nbsp;</td>
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  &nbsp;</td>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Registrant's telephone
number, including area code </p>

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





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  <p class=MsoNormal align=center style='text-align:center'><b>(Former name or former address, if changed since last
  report)</b></p>
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<p style='margin:0in;margin-bottom:.0001pt'>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: </p>



  <p class=MsoNormal><font face="Wingdings">o </font>Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p>
  <p class=MsoNormal><font face="Wingdings">o </font>Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
  <p class=MsoNormal><font face="Wingdings">o </font>Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </p>
  <p class=MsoNormal><font face="Wingdings">o </font>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </p>

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<p class=MsoNormal style='line-height:1.0pt'><b>&nbsp;</b></p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'><b>ITEM 4.01 Changes in
Registrant's Certifying Accountant</b>.</p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'>On December 20, 2004, Forward
Industries, Inc. (the &quot;Company&quot;) dismissed Ernst &amp; Young LLP (&quot;E&amp;Y&quot;), the Company's
independent registered public accounting firm. On December 22, 2004,&nbsp; the
Company engaged Kaufman, Rossin &amp; Co., P.A. (&quot;Kaufman, Rossin&quot;) as its new
independent registered public accounting firm for the fiscal year ending
September 30, 2005. The Audit Committee of the Company approved of the
dismissal of E&amp;Y and recommended to the Company's Board of Directors the appointment
of Kaufman, Rossin after the solicitation of proposals from a number of
registered public accounting firms.&nbsp; The Company's Board of Directors
unanimously approved this recommendation.</p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'>E&amp;Y's reports on the
Company's consolidated financial statements as of and for the fiscal years
ended September 30, 2004 and 2003 did not contain an adverse opinion or a
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope, or accounting principles.</p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'>During the fiscal years ended
September 30, 2004 and 2003 and through the date of dismissal, there were no
disagreements with E&amp;Y on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure that, if not
resolved to the satisfaction of E&amp;Y, would have caused E&amp;Y to make
reference thereto in their reports on the Company's consolidated financial
statements for such years.</p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'>During the fiscal years ended
September 30, 2004 and 2003 and through the date of dismissal, there were no
reportable events as provided in Item 304(a)(1)(iv) (B) of Regulation S-B.</p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'>On December 20, 2004, the
Company provided E&amp;Y with a copy of the disclosure it is making in response
to Item 4.01 of this Current Report on Form 8-K and has requested that E&amp;Y furnish
it with a letter addressed to the Securities and Exchange Commission stating
whether or not it agrees with the above statements. A copy of Ernst &amp; Young
LLP's letter to the Securities and Exchange Commission, dated December 21,
2004, is filed as Exhibit 16.1 to this Form 8-K.</p>

<p class=MsoNormal style='margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in'>During the fiscal years ended
September 30, 2004 and 2003 and through the date of dismissal of E&amp;Y, the Company did not consult with Kaufman,
Rossin &amp; Co., P.A., regarding any matters or events referred to in
Item 304(a)(2)(i) or (ii)&nbsp; of Regulation S-B.</p>



<p style='margin:0in;margin-bottom:.0001pt'><b>Item 9.01. Financial Statements and Exhibits. </b></p>



<p class=MsoNormal>(c) Exhibits.</p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 16.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Letter, dated December 21, 2004,
from Ernst &amp; Young LLP addressed to the Securities and Exchange Commission.</p>
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<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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line-height:1.0pt'><b>&nbsp;</b></p>

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<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>SIGNATURES </b></p>



<p style='text-indent:24.5pt; margin-left:0in; margin-right:0in' align="justify">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 class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>Forward Industries, Inc.,</b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>&nbsp;</b></p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>By</b>:</p>





<p class=MsoNormal>/s/ Jerome E. Ball<br>
_______________________________________<br>
<b>Name</b>: Jerome
E. Ball<br>
<b>Title:</b>
Chairman and Chief Executive Officer<br>
<b>Dated:</b> December
22, 2004</p>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>EXHIBIT INDEX </b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b><u>Exhibit No.</u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 16.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Letter, dated December 21, 2004, from Ernst &amp; Young LLP addressed to the Securities and Exchange Commission</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</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": "041220311"}, "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 dated December 22, 2004
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)
December 20, 2004
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 4.01 Changes in
Registrant's Certifying Accountant
.
On December 20, 2004, Forward
Industries, Inc. (the "Company") dismissed Ernst & Young LLP ("E&Y"), the Company's
independent registered public accounting firm. On December 22, 2004,  the
Company engaged Kaufman, Rossin & Co., P.A. ("Kaufman, Rossin") as its new
independent registered public accounting firm for the fiscal year ending
September 30, 2005. The Audit Committee of the Company approved of the
dismissal of E&Y and recommended to the Company's Board of Directors the appointment
of Kaufman, Rossin after the solicitation of proposals from a number of
registered public accounting firms.  The Company's Board of Directors
unanimously approved this recommendation.
E&Y's reports on the
Company's consolidated financial statements as of and for the fiscal years
ended September 30, 2004 and 2003 did not contain an adverse opinion or a
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope, or accounting principles.
During the fiscal years ended
September 30, 2004 and 2003 and through the date of dismissal, there were no
disagreements with E&Y on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure that, if not
resolved to the satisfaction of E&Y, would have caused E&Y to make
reference thereto in their reports on the Company's consolidated financial
statements for such years.
During the fiscal years ended
September 30, 2004 and 2003 and through the date of dismissal, there were no
reportable events as provided in Item 304(a)(1)(iv) (B) of Regulation S-B.
On December 20, 2004, the
Company provided E&Y with a copy of the disclosure it is making in response
to Item 4.01 of this Current Report on Form 8-K and has requested that E&Y furnish
it with a letter addressed to the Securities and Exchange Commission stating
whether or not it agrees with the above statements. A copy of Ernst & Young
LLP's letter to the Securities and Exchange Commission, dated December 21,
2004, is filed as Exhibit 16.1 to this Form 8-K.
During the fiscal years ended
September 30, 2004 and 2003 and through the date of dismissal of E&Y, the Company did not consult with Kaufman,
Rossin & Co., P.A., regarding any matters or events referred to in
Item 304(a)(2)(i) or (ii)  of Regulation S-B.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 16.1       Letter, dated December 21, 2004,
from Ernst & Young LLP addressed to the Securities and Exchange Commission.
-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:
December
22, 2004
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 16.1            Letter, dated December 21, 2004, from Ernst & Young LLP addressed to the Securities and Exchange Commission
-3-