<html>

<head>
<!-- Document Prepared With EDGARSTAR Software-->
<!-- Copyright 2007 EDGARSTAR TRADEMARK-->
<!-- All rights reserved EDGAR2.com -->



<title>Forward 8-K</title>

</head>

<body bgcolor=white lang=EN-US>

<div style='page:WordSection1;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>
<b>UNITED STATES</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Washington, D.C. 20549</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>FORM
8-K</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>CURRENT REPORT</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Date of Report (Date of earliest event
reported):&nbsp;<b><u>February
16, 2015</u></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="80%" colspan=3 valign=bottom style='width:80.0%;border:none;
  border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Forward Industries, Inc.</b></p>
  </td>
 </tr>
 <tr>
  <td width="80%" colspan=3 valign=bottom style='width:80.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Exact name of registrant as specified in its
  charter)</p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign=bottom style='width:27.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>New York</b></p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>000-6669</b></p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>13-1950672</b></p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(State or other jurisdiction</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>of incorporation)</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Commission</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>File Number)</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(IRS Employer</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Identification No.)</p>
  </td>
 </tr>
 <tr>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan=2 valign=bottom style='width:53.0%;border:none;
  border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>477 Rosemary Ave.&nbsp;&nbsp;Ste. 219</b></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>West Palm Beach, FL</b></p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>33401</b></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan=2 valign=bottom style='width:53.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Address of principal executive offices)</p>
  </td>
  <td width="27%" valign=bottom style='width:27.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Zip Code)</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>Registrant&#146;s telephone number, including area code: <b><u>(561)
465-0030</u></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="80%" valign=bottom style='width:80.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="80%" valign=bottom style='width:80.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>(Former name or former address, if changed since
  last report.)</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>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='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#9744; Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#9744; Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#9744; Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#9744; Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'>

<hr size=2 width="100%" noshade style='color:gray' align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>Item 1.01. Entry into a
Material Definitive Agreement.</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><i><u>Settlement Agreement
and Mutual Release</u></i></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>
<font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On February
16, 2015, Forward Industries, Inc. (&#147;Forward&#148;
or the &#147;Company&#148;) entered into a settlement agreement and mutual release (the
&#147;Agreement&#148;) with the Company&#146;s former Chief Financial Officer (&#147;CFO&#148;), James
McKenna, in connection with a lawsuit filed by Mr. McKenna on August 26, 2014 in
the U.S. District Court for the Southern District of New York against the
Company and then-directors Frank LaGrange Johnson, Robert Garrett, John F.
Chiste, Timothy Gordon and Owen P.J. King (the &#147;SDNY Lawsuit&#148;), alleging
purported claims of retaliation for whistleblowing under the Dodd-Frank Act,
breach of contract and breach of the covenant of good faith and fair dealing
all as against the Company, and a single claim for tortious interference with
contract as against the individual defendants. The complaint sought an
unspecified amount of monetary consequential damages and punitive damages. </font></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>


<font face="Times New Roman, Times, Serif">


<!-- Field: Page; Sequence: 1 -->
    </font>
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">
		<hr>&nbsp;</TD></TR></TABLE></DIV>
    <font face="Times New Roman, Times, Serif">
    <!-- Field: /Page -->

</font>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>Pursuant
to the Agreement, Mr. McKenna and the Company have agreed to settle and release
all disputes or claims against the other party related to the SDNY Lawsuit and
any such disputes or claims arising out of Mr. McKenna&#146;s employment with the
Company, without an admission of liability or wrongdoing. The Company
additionally offered to reinstate Mr. McKenna as CFO; however, Mr. McKenna rejected
the offer of employment to pursue other opportunities. Under the Agreement, Mr.
McKenna will receive a cash payment of $315,000, representing 18 months' salary
at the rate specified in Mr. McKenna&#146;s Amended Employment Agreement, signed
between the Company and Mr. McKenna and dated October 26, 2012. Mr. McKenna
will also receive approximately $375,000 in legal fees, back pay, prior
out-of-pocket benefits, taxes and penalties on Mr. McKenna&#146;s 401(k) loan, and
accrued paid time off, in addition to 35,000 restricted stock units vesting
immediately. The Agreement includes customary non-disparagement and release
provisions.</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>On February
17, 2015, in connection with the foregoing, the Company issued a press release thanking
Mr. McKenna for service to Forward.</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>A
copy of the press release is attached as Exhibit 99.1 to this Current Report on
Form 8-K and incorporated herein by reference.</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><i><u>Amendment to Supply
Agreement</u></i></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>On February
18, 2015, the Company entered into Amendment No. 2 (the &#147;Amendment&#148;) to the Amended
and Restated Buying Agency and Supply Agreement (the &#147;Supply Agreement&#148;) with
Forward Industries (Asia-Pacific) Corporation (formerly known as Seaton Global
Corporation), a BVI corporation (&#147;Agent&#148;), dated as of February 17, 2015.&nbsp; The
Amendment extends the term of the Supply Agreement, as amended, until September
11, 2015, during which time the parties to the Supply Agreement intend to
negotiate towards a long-term renewal of the underlying arrangement.&nbsp; The
Supply Agreement, as amended, provides that, upon the terms and subject to the
conditions set forth therein, Agent shall act as the Company&#146;s exclusive buying
agent and supplier of Products (as defined in the agreement) in the
Asia-Pacific region. The Company shall purchase products at Agent&#146;s cost and
shall pay a service fee to Agent. Terence Bernard Wise, the Chairman of the
Company, is a principal of Agent.</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>Item 9.01. Financial
Statements and Exhibits.</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=631
 style='width:473.4pt;border-collapse:collapse'>
 <tr>
  <td width=91 valign=bottom style='width:.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif";margin-top:11.55pt; margin-left:0in; margin-right:0in'>Exhibit
  99.1</p>
  </td>
  <td width=540 style='width:405.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:11.55pt'>
	<font size="3">Press
  Release, dated February 17, 2015.</font></p>
  </td>
 </tr>
</table>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>Forward Looking Statements</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>This
Current Report on Form 8-K contains certain &#147;forward-looking statements&#148; within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that reflect
the Company&#146;s current expectations and projections about its future results,
performance, prospects and opportunities.&nbsp; The Company has tried to identify
these forward-looking statements by using words such as &#147;may,&#148; &#147;should,&#148; &#147;expect,&#148;
&#147;hope,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;estimate&#148; and similar
expressions.&nbsp; These forward-looking statements are based on information
currently available to the Company and are subject to a number of risks,
uncertainties and other factors that could cause its actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward-looking statements.&nbsp; No assurance
can be given that the actual results will be consistent with the
forward-looking statements.&nbsp; Investors should read carefully the factors
described in the &#147;Risk Factors&#148; section of the Company&#146;s filings with the SEC,
including the Company&#146;s Form 10-K for the year ended September 30, 2014 for
information regarding risk factors that could affect the Company&#146;s results.&nbsp;
Except as otherwise required by Federal securities laws, the Company undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, changed circumstances or
any other reason.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:.5in'>&nbsp;</p>


<font face="Times New Roman, Times, Serif">


<!-- Field: Page; Sequence: 1 -->
    </font>
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">
		<hr>&nbsp;</TD></TR></TABLE></DIV>
    <font face="Times New Roman, Times, Serif">
    <!-- Field: /Page -->

</font>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>SIGNATURES</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:.5in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:.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 hereunto duly authorized.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="39%" valign=top style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width="39%" colspan=3 valign=top style='width:55%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>FORWARD
  INDUSTRIES, INC.</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign=top style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>
  </td>
  <td width="39%" colspan=3 valign=top style='width:55%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign=top style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Dated:&nbsp;&nbsp;<font size="3">February 18</font>, 2015</p>
  </td>
  <td width="5%" valign=top style='width:5.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>By:</p>
  </td>
  <td width="34%" colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:55%;border-bottom:1.5pt solid black;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>/s/ Michael
  Luetkemeyer</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign=top style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>
  </td>
  <td width="5%" valign=top style='width:5.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>
  </td>
  <td valign=top style='width:4%;padding:0in' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:</p>
  </td>
  <td valign=top style='width:46%;padding:0in' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>Michael Luetkemeyer</p>
  </td>
 </tr>
 <tr>
  <td width="39%" valign=top style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>
  </td>
  <td width="5%" valign=top style='width:5.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>
  </td>
  <td valign=top style='width:4%;padding:0in' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:</p>
  </td>
  <td valign=top style='width:46%;padding:0in' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman","serif"; margin-left:0in; margin-right:0in; margin-top:0in'>Interim President</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

</div>

<p style="font-size: 12.0pt; font-family: 'Times New Roman',serif; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-size: 12.0pt; font-family: 'Times New Roman',serif; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-size: 12.0pt; font-family: 'Times New Roman',serif; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-size: 12.0pt; font-family: 'Times New Roman',serif; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "forward8-k2-18.htm", "secsgml_size_bytes": 26317}]
{"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": "001-34780", "film-number": "15626703"}, "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 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):
February
16, 2015
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.)
477 Rosemary Ave.  Ste. 219
West Palm Beach, FL
33401
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(561)
465-0030
(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 (
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.
Settlement Agreement
and Mutual Release
On February
16, 2015, Forward Industries, Inc. ("Forward"
or the "Company") entered into a settlement agreement and mutual release (the
"Agreement") with the Company's former Chief Financial Officer ("CFO"), James
McKenna, in connection with a lawsuit filed by Mr. McKenna on August 26, 2014 in
the U.S. District Court for the Southern District of New York against the
Company and then-directors Frank LaGrange Johnson, Robert Garrett, John F.
Chiste, Timothy Gordon and Owen P.J. King (the "SDNY Lawsuit"), alleging
purported claims of retaliation for whistleblowing under the Dodd-Frank Act,
breach of contract and breach of the covenant of good faith and fair dealing
all as against the Company, and a single claim for tortious interference with
contract as against the individual defendants. The complaint sought an
unspecified amount of monetary consequential damages and punitive damages.
Pursuant
to the Agreement, Mr. McKenna and the Company have agreed to settle and release
all disputes or claims against the other party related to the SDNY Lawsuit and
any such disputes or claims arising out of Mr. McKenna's employment with the
Company, without an admission of liability or wrongdoing. The Company
additionally offered to reinstate Mr. McKenna as CFO; however, Mr. McKenna rejected
the offer of employment to pursue other opportunities. Under the Agreement, Mr.
McKenna will receive a cash payment of $315,000, representing 18 months' salary
at the rate specified in Mr. McKenna's Amended Employment Agreement, signed
between the Company and Mr. McKenna and dated October 26, 2012. Mr. McKenna
will also receive approximately $375,000 in legal fees, back pay, prior
out-of-pocket benefits, taxes and penalties on Mr. McKenna's 401(k) loan, and
accrued paid time off, in addition to 35,000 restricted stock units vesting
immediately. The Agreement includes customary non-disparagement and release
provisions.
On February
17, 2015, in connection with the foregoing, the Company issued a press release thanking
Mr. McKenna for service to Forward.
A
copy of the press release is attached as Exhibit 99.1 to this Current Report on
Form 8-K and incorporated herein by reference.
Amendment to Supply
Agreement
On February
18, 2015, the Company entered into Amendment No. 2 (the "Amendment") to the Amended
and Restated Buying Agency and Supply Agreement (the "Supply Agreement") with
Forward Industries (Asia-Pacific) Corporation (formerly known as Seaton Global
Corporation), a BVI corporation ("Agent"), dated as of February 17, 2015.  The
Amendment extends the term of the Supply Agreement, as amended, until September
11, 2015, during which time the parties to the Supply Agreement intend to
negotiate towards a long-term renewal of the underlying arrangement.  The
Supply Agreement, as amended, provides that, upon the terms and subject to the
conditions set forth therein, Agent shall act as the Company's exclusive buying
agent and supplier of Products (as defined in the agreement) in the
Asia-Pacific region. The Company shall purchase products at Agent's cost and
shall pay a service fee to Agent. Terence Bernard Wise, the Chairman of the
Company, is a principal of Agent.
Item 9.01. Financial
Statements and Exhibits.
(d)           Exhibits
Exhibit
  99.1
Press
  Release, dated February 17, 2015.
Forward Looking Statements
This
Current Report on Form 8-K contains certain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that reflect
the Company's current expectations and projections about its future results,
performance, prospects and opportunities.  The Company has tried to identify
these forward-looking statements by using words such as "may," "should," "expect,"
"hope," "anticipate," "believe," "intend," "plan," "estimate" and similar
expressions.  These forward-looking statements are based on information
currently available to the Company and are subject to a number of risks,
uncertainties and other factors that could cause its actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward-looking statements.  No assurance
can be given that the actual results will be consistent with the
forward-looking statements.  Investors should read carefully the factors
described in the "Risk Factors" section of the Company's filings with the SEC,
including the Company's Form 10-K for the year ended September 30, 2014 for
information regarding risk factors that could affect the Company's results. 
Except as otherwise required by Federal securities laws, the Company undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, changed circumstances or
any other reason.
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.
Dated:
February 18
, 2015
By:
/s/ Michael
  Luetkemeyer
Name:
Michael Luetkemeyer
Title:
Interim President