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<title>Prepared by E-Services, LLC. - www.edgar2.com</title>



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<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'>&nbsp;SECURITIES
AND EXCHANGE COMMISSION</p>

<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'>Washington,
 D.C. 20549</p>

<p class=TitleBCtr align="center"><b>FORM 8-K</b></p>

<p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'>CURRENT
REPORT</p>

<p class=MsoNormal align=center style='text-align:center'>Pursuant to Section
13 or 15(d) of<br>
the
Securities Exchange Act of 1934</p>

<p class=MsoNormal align=center style='text-align:center'>Date of Report (Date
of Earliest Event Reported):<br>
October 1, 2003</p>

<p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>

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  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" id="AutoNumber1" height="380">
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<p class=MsoNormal align=center style='text-align:center'><u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FORWARD INDUSTRIES, INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

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      <td colspan="5" align="center" height="22">

<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:0;
'>(Exact Name of Registrant as Specified in
Charter)</p>

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      <td align="center" height="22">&nbsp;</td>
      <td align="center" height="22">&nbsp;</td>
      <td align="center" height="22">&nbsp;</td>
      <td align="center" height="22">&nbsp;</td>
      <td align="center" height="22">&nbsp;</td>
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      <td align="center" height="22">

<p class=MsoNormal><u>New
  York</u></p>

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      <td align="center" height="22">&nbsp;</td>
      <td align="center" height="22"><u>0-6669</u></td>
      <td align="center" height="22">&nbsp;</td>
      <td align="center" height="22"><u>13-1950672</u></td>
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      <td width="127" align="center" height="22">(State or Other</td>
      <td width="112" align="center" height="22">&nbsp;</td>
      <td width="234" align="center" height="22">(Commission File</td>
      <td width="17" align="center" height="22">&nbsp;</td>
      <td width="269" align="center" height="22"><u>(IRS Employer</u></td>
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      <td width="127" align="center" height="22">Jurisdiction of  </td>
      <td width="112" align="center" height="22">&nbsp;</td>
      <td width="234" align="center" height="22">Number)&nbsp;</td>
      <td width="17" align="center" height="22">&nbsp;</td>
      <td width="269" align="center" height="22">Identification No.)</td>
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      <td width="127" align="center" height="22">Incorporation)</td>
      <td width="112" align="center" height="22">&nbsp;</td>
      <td width="234" align="center" height="22">&nbsp;</td>
      <td width="17" align="center" height="22">&nbsp;</td>
      <td width="269" align="center" height="22">&nbsp;</td>
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<p class=MsoNormal align=center style='text-align:center'>1801 Green Road Suite
E</p>

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<p class=TitleUCtr style='margin-bottom:0in;margin-bottom:0' align="center">
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pompano Beach, Florida 33064&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

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<p class=MsoNormal align=center style='margin-bottom:0;text-align:center; margin-top:0'>(Address
of Principal Executive Offices)</p>

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      <td colspan="5" align="center" valign="bottom" height="21">&nbsp;</td>
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      <td colspan="5" align="center" valign="bottom" height="21">

<p class=MsoNormal align=center style='text-align:center'>Registrant's
Telephone Number, including</p>

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      <td colspan="5" align="center" valign="bottom" height="21">

<p class=MsoNormal align=center style='margin-bottom:0;text-align:center'>area
code: <u>&nbsp;(954) 419-9544</u></p>

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      <td colspan="5" align="center" valign="bottom" height="21">

&nbsp;</td>
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      <td colspan="5" align="center" valign="bottom" height="21">

&nbsp;</td>
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      <td colspan="5" align="center" valign="bottom" height="14">

<p class=TitleUCtr style='margin-bottom:0in;margin-bottom:.0001pt'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

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      <td colspan="5" align="center" valign="bottom">

<p class=MsoNormal align=center style='margin-bottom:0;text-align:center; margin-top:0'>(Former
Address, if changed since last report)</p>

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<i>
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<hr color="#000080"><br clear=all
style='page-break-before:always'>
</i><pre>&nbsp;</pre>

<p class=BodyTxtSngJust0><b>Item 5 <u>Other Events</u></b></p>

<p class=BodyTxtSngJust0 align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effective October 1, 2003, the registrant
entered into a new Employment Agreement (attached hereto as Exhibit 99.1) with
Jerome E. Ball to serve as its Chairman and Chief Executive Officer until
December 31, 2005.&nbsp; Mr. Ball's original Employment Agreement with the
registrant, which had previously been extended until December 31, 2004, was cancelled as of the effective date of the new agreement.</p>

<p class=BodyTxtSngJust0 align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effective October 1, 2003, the registrant
entered into a new Employment Agreement (attached hereto as Exhibit 99.2) with
Michael M. Schiffman to serve as its President and Chief Operating Officer
until December 31, 2005.&nbsp; Mr. Schiffman's original Employment Agreement with
the registrant was scheduled to expire on December 31, 2003 and was cancelled as of the effective date of the new agreement.</p>

<p class=BodyTxtSngJust0 align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effective October 1, 2003, the registrant
entered into a new Employment Agreement (attached hereto as Exhibit 99.3) with
Douglas W. Sabra to serve as its Chief Financial Officer until December 31,
2005.&nbsp; Mr. Sabra's original Employment Agreement with the registrant was
scheduled to expire on December 31, 2003 and was cancelled as of the effective
date of the new agreement.</p>



<p class=BodyTxtSngJust0 align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>



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<p class=MsoNormal align=center style='margin-bottom:0;text-align:center;
border:medium none;padding:0in; margin-top:0'>SIGNATURES</p>

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border:none;padding:0in'>&nbsp;</p>

<p class=BodyTxtSngJust05 align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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-bottom:12.0pt;text-align:justify'>Dated: October 1, 2003</p>

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<p class=MsoNormal style='margin-bottom:0;text-align:left;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FORWARD
INDUSTRIES, INC.</p>

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    <td width="433"><br>
&nbsp;</td>
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<p class=MsoNormal style='text-align:left;'>By:<u> //s// Douglas W. Sabra___________</u></p>

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<p class=MsoNormal style='text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Douglas W. Sabra</p>

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    <td width="280">&nbsp;</td>
    <td width="433">

<p class=MsoBodyTextIndent align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President and Chief
Financial Officer</p>



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<p class="MsoBodyTextIndent" align="left">&nbsp;</p>
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<p class=MsoNormal align=center style='margin-bottom:0;text-align:center;
border:medium none;padding:0in; margin-top:0'><b>EXHIBIT INDEX</b></p>

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border:none;padding:0in'>&nbsp;</p>

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<p class=MsoNormal style='margin-top:0; margin-bottom:0' align="left"> <u>Exhibit #&nbsp;&nbsp; </u></p>

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    <td width="665">

<p class=MsoNormal style='margin-top:0; margin-bottom:0' align="left"> <u>Exhibit</u></p>

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    <td width="114">&nbsp;</td>
    <td width="125">

<p class=MsoNormal style='margin-top:0;margin-bottom:
0in;margin-bottom:0;' align="left">99.1&nbsp;&nbsp; </p>

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<p class=MsoNormal style='margin-top:0;margin-bottom:
0in;margin-bottom:0;' align="left">Employment Agreement of Jerome E. Ball effective October 1, 2003</p>

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    <td width="114">&nbsp;</td>
    <td width="125">

<p class=MsoNormal style='margin-top:0;margin-bottom:
0in;margin-bottom:0;' align="left">99.2&nbsp;&nbsp; </p>

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<p class=MsoNormal style='margin-top:0;margin-bottom:
0in;margin-bottom:0;' align="left">Employment Agreement of Michael M Schiffman effective October 1, 2003</p>

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    <td width="125">

<p class=MsoNormal style='margin-top:0;margin-bottom:
0in;margin-bottom:0;' align="left">99.3&nbsp;&nbsp; </p>





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<p class=MsoNormal style='margin-top:0;margin-bottom:
0in;margin-bottom:0;' align="left">Employment Agreement of Douglas W. Sabra effective October 1, 2003</p>





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<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0" align="left">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0" align="left">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0" align="left">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0" align="center">2</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": "03921358"}, "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"}}
Prepared by E-Services, LLC. - www.edgar2.com
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):
October 1, 2003
FORWARD INDUSTRIES, INC.
(Exact Name of Registrant as Specified in
Charter)
New
  York
0-6669
13-1950672
(State or Other
(Commission File
(IRS Employer
Jurisdiction of
Number)
Identification No.)
Incorporation)
1801 Green Road Suite
E
Pompano Beach, Florida 33064
(Address
of Principal Executive Offices)
Registrant's
Telephone Number, including
area
code:
(954) 419-9544
(Former
Address, if changed since last report)
Item 5
Other Events
Effective October 1, 2003, the registrant
entered into a new Employment Agreement (attached hereto as Exhibit 99.1) with
Jerome E. Ball to serve as its Chairman and Chief Executive Officer until
December 31, 2005.  Mr. Ball's original Employment Agreement with the
registrant, which had previously been extended until December 31, 2004, was cancelled as of the effective date of the new agreement.
Effective October 1, 2003, the registrant
entered into a new Employment Agreement (attached hereto as Exhibit 99.2) with
Michael M. Schiffman to serve as its President and Chief Operating Officer
until December 31, 2005.  Mr. Schiffman's original Employment Agreement with
the registrant was scheduled to expire on December 31, 2003 and was cancelled as of the effective date of the new agreement.
Effective October 1, 2003, the registrant
entered into a new Employment Agreement (attached hereto as Exhibit 99.3) with
Douglas W. Sabra to serve as its Chief Financial Officer until December 31,
2005.  Mr. Sabra's original Employment Agreement with the registrant was
scheduled to expire on December 31, 2003 and was cancelled as of the effective
date of the new agreement.
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.
Dated: October 1, 2003
FORWARD
INDUSTRIES, INC.
By:
//s// Douglas W. Sabra___________
Name: Douglas W. Sabra
Title: Vice President and Chief
Financial Officer
EXHIBIT INDEX
Exhibit #
Exhibit
99.1
Employment Agreement of Jerome E. Ball effective October 1, 2003
99.2
Employment Agreement of Michael M Schiffman effective October 1, 2003
99.3
Employment Agreement of Douglas W. Sabra effective October 1, 2003
2