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<title>Forward Industries, Inc. Form 8-K </title>



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<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>
<font size="2">&nbsp;</font><b><font size="2"><br>
</font>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>
<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='text-align:center; margin-left:0in; margin-right:0in'>
<font size="2">Date of Report (Date of
earliest event reported) <br>
</font><b><u><font size="2">June 17, 2005 </font> </u></b> </p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="5">Forward Industries, Inc.</font><font size="2"><br>
(Exact name of registrant
as specified in its charter) <br>
&nbsp;</font></b></p>





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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">000-6669</font></b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">13-1950672</font></b></p>
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  <font size="2">(State or Other
  Jurisdiction</font></b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">of Incorporation)</font></b></p>
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  <font size="2">(Commission</font></b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">File Number)</font></b></p>
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  <font size="2">(IRS Employer</font></b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">Identification No.)</font></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>
  <font size="2">1801 Green Road, Suite E<br>
  Pompano Beach</font></b><font size="2"><b>, FL</b></font><b><font size="2">
  </font> </b></p>
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  padding:0in 0in 0in 0in'>
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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">(Address of principal executive offices)</font></b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">(Zip&nbsp;Code)</font></b></p>
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  <font size="2"><b>&nbsp; </b></font></td>
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  &nbsp;</td>
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  &nbsp;</td>
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  <font size="2"><b>&nbsp; </b></font></td>
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  &nbsp;</td>
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  &nbsp;</td>
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<font size="2">Registrant's telephone
number, including area code </font> </p>

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<font size="2">(954) 419-9544 </font> </b></p>





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&nbsp;</div>

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  <p class=MsoNormal align=center style='text-align:center'><b><font size="2">(Former name or former address, if changed since last
  report)</font></b></p>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
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<p style='margin:0in;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: <br>
&nbsp;</font></p>



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  <p class=MsoNormal><font size="2">Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) <br>
&nbsp;</font></p>
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  <p class=MsoNormal><font size="2">Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) <br>
&nbsp;</font></p>
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  <p class=MsoNormal><font size="2">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) <br>
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  <p class=MsoNormal><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 class=MsoNormal><b><font size="2">Item 5.02 Departure of
Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers</font></b></p>

<p class=MsoNormal><b><font size="2">&nbsp;</font></b></p>



<p class=MsoNormal style='margin-right:1.0in;text-indent:.5in;line-height:14.0pt'>
<font size="2">On June 17, 2005, the Company's Board of Directors, pursuant
to nomination of the Company's Nominating Committee of the Board, voted to
elect Mr. Louis Lipschitz as a member of the Company's Board of Directors until
the next annual meeting of shareholders.&nbsp; In connection with this move, the
Board voted to increase the size of the Board from five members to six. &nbsp;Mr.
Lipschitz has agreed to serve on the board and will be appointed to the audit,
compensation and nominating committees of the Company. &nbsp;There was no
arrangement or understanding between Mr. Lipschitz and any other persons
pursuant to which Mr. Lipschitz was elected. There were no transactions during
the last two years, or proposed transactions, to which the Company or any
subsidiary thereof was or is to be a party, in which Mr. Lipschitz, or any
family member, had or is to have a direct or indirect material interest. </font> </p>



<p class=MsoNormal><font size="2">A copy of the
press release announcing this appointment is attached hereto as Exhibit 99.1</font></p>





<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item 9.01. Financial Statements and Exhibits.
</font> </b></p>



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



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><font size="2">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on June 20, 2005</font></p>





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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">SIGNATURES </font> </b></p>



<p style='margin:0in;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 class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Forward Industries Inc.,</font></b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">&nbsp;</font></b></p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">By</font></b><font size="2">:</font></p>





<p class=MsoNormal><font size="2">/s/ Jerome E. Ball<br>
____________________________________</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Name </font> </b><font size="2">Jerome
E. Ball</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Title:</font></b><font size="2"> Chairman
and Chief Executive Officer</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Dated:</font></b><font size="2"> June 21,
2005</font></p>



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<font size="2">EXHIBIT INDEX </font> </b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><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 class=MsoNormal><font size="2">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press
release issued by the Registrant on June 20, 2005</font></p>

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<p class=MsoNormal>&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": "05906977"}, "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, Inc. 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)
June 17, 2005
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 5.02 Departure of
Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers
On June 17, 2005, the Company's Board of Directors, pursuant
to nomination of the Company's Nominating Committee of the Board, voted to
elect Mr. Louis Lipschitz as a member of the Company's Board of Directors until
the next annual meeting of shareholders.  In connection with this move, the
Board voted to increase the size of the Board from five members to six.  Mr.
Lipschitz has agreed to serve on the board and will be appointed to the audit,
compensation and nominating committees of the Company.  There was no
arrangement or understanding between Mr. Lipschitz and any other persons
pursuant to which Mr. Lipschitz was elected. There were no transactions during
the last two years, or proposed transactions, to which the Company or any
subsidiary thereof was or is to be a party, in which Mr. Lipschitz, or any
family member, had or is to have a direct or indirect material interest.
A copy of the
press release announcing this appointment is attached hereto as Exhibit 99.1
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1            Press release issued on June 20, 2005
-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:
June 21,
2005
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press
release issued by the Registrant on June 20, 2005
-3-