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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<font style="font-size: 7.5pt">&nbsp;</font><b><font size="4">UNITED STATES</font></b></p>
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<b><font size="4">SECURITIES AND EXCHANGE
COMMISSION</font></b></p>
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<b>Washington, D.C. 20549</b></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<b><font size="5">FORM 8-K </font> </b></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<b>CURRENT REPORT </b></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<b>Pursuant to Section 13 OR 15(d) of </b></p>
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<b>The Securities Exchange Act of 1934 </b></p>
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<font style="font-size: 7.5pt">&nbsp;&nbsp;</font></p>
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<font size="2">Date of Report (Date of
earliest event reported) </font> </p>
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<b>August 30, 2010</b></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<b><font size="6">Forward Industries, Inc.</font></b></p>
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<b><font size="2">(Exact name of registrant
as specified in its charter) </font> </b></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
			</td>
			<td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
			</td>
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			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
			</td>
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			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
			</td>
			<td width="32%" style='width:32.0%;padding:0in 0in 0in 0in'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
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  padding:0in 0in 0in 0in'>
			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b>New York</b></p></td>
			<td valign=bottom style='padding:0in 0in 0in 0in'>
			<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
			&nbsp;</p></td>
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  padding:0in 0in 0in 0in'>
			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b>000-6669</b></p></td>
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			<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
			&nbsp;</p></td>
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  padding:0in 0in 0in 0in'>
			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b>13-1950672</b></p></td>
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			<b><font size="2">(State or Other
  Jurisdiction</font></b></p>
			<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">of Incorporation)</font></b></p></td>
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			<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
			<font size="2">&nbsp;</font></p></td>
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			<b><font size="2">(Commission</font></b></p>
			<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">File Number)</font></b></p></td>
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			<font size="2">&nbsp;</font></p></td>
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			<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b><font size="2">(IRS Employer</font></b></p>
			<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">Identification No.)</font></b></p></td>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
			</td>
			<td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
			</td>
			<td width="47%" style='width:47.0%;padding:0in 0in 0in 0in'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
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			<td valign=top style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
			<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b>1801 Green Road, Suite
  E</b></p>
			<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Pompano Beach, FL </b></p></td>
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			<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
			&nbsp;</p></td>
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  padding:0in 0in 0in 0in'>
			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b>33064</b></p></td>
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			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b><font size="2">(Address of principal executive offices)</font></b></p>
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			<font size="2">&nbsp;</font></p></td>
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			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b><font size="2">(Zip&nbsp;Code)</font></b></p>
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	</table></div>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<font size="2">Registrant&#146;s telephone
number, including area code </font> </p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>(954) 419-9544 </b></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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<font style="font-size: 7.5pt">&nbsp;</font></p>
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			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
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			<td valign=top style='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";'>
			<font style="font-size: 7.5pt">&nbsp;</font></p></td>
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			<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
			<b><font size="2">(Former name or former address, if changed since last
  report)</font></b></p></td>
		</tr>
	</table></div>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 7.5pt">&nbsp;</font></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>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 style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>
<font style="font-size: 7.5pt">&nbsp;</font></p>
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		<font face="Wingdings">&#111;</font></p></td>
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		<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
		Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p>
		</td>
	</tr>
</table>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>
<font style="font-size: 7.5pt">&nbsp;</font></p>
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		<font face="Wingdings">&#111;</font></p></td>
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		<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
		Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
		</td>
	</tr>
</table>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>
<font style="font-size: 7.5pt">&nbsp;</font></p>
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		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>
		<font face="Wingdings">&#111;</font></p></td>
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		<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
		Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </p></td>
	</tr>
</table>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>
<font style="font-size: 7.5pt">&nbsp;</font></p>
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		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>
		<font face="Wingdings">&#111;</font></p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>
		Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </p></td>
	</tr>
</table>

<font face="Wingdings">
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<hr color="#000080"><br clear=all
style='page-break-before:always'>
</font>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>
<b>&nbsp;</b></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>
<b>&nbsp;</b></p>
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<b>ITEM 5.02(D)&nbsp;&nbsp; ELECTION OF DIRECTORS</b></p>
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</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
In connection with the Settlement Agreement, dated as of August 10, 2010, between
the Company and LaGrange Capital Partners, L.P. and certain affiliates in our
current report on Form 8-k filed with the commission on August 16, 2010, on
Monday, August 30, 2010, the Board of Directors confirmed (i) the election of
Frank LaGrange Johnson, Stephen L. Key and Owen P.J. King to the board as
non-executive directors, with Mr. Frank Johnson serving as chairman, and (ii) the
appointment of Mr. Key to serve as a member of&nbsp; the Audit Committee and
Compensation Committee of the Board, and Mr. King to serve as a member of &nbsp;the
Compensation Committee, and Nominating and Governance Committee of the Board.
Mr. King was also appointed Chair of the Nominating and Governance Committee.</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial Unicode MS";margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>ITEM 5.02(E)&nbsp; CERTAIN COMPENSATORY ARRANGEMENTS</b></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<b><font style="font-size: 10.0pt">&nbsp;</font></b></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-indent:27.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>On Monday, August 30, 2010,
the Compensation Committee of the Company&#146;s Board of Directors approved the
grant of awards of options to purchase 10,000 shares of the Company&#146;s common
stock to each of the Company&#146;s newly appointed non-executive directors, Messrs.
Frank Johnson, Key, and King, or 30,000 shares in the aggregate. These awards have a
grant date of September 1, 2010, and vest one year from the grant date, or August
31, 2011, subject to each grantee&#146;s compliance with the service period.&nbsp;
The option exercise price will be equal to the closing bid price of the
Company&#146;s common stock on the Nasdaq SmallCap Market on the grant date.&nbsp;
These grants were approved by the Board of Directors.<font style="font-size: 10.0pt">
</font></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;</b></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; 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";margin-left:1.0in;text-indent:-1.0in'>
<font style="font-size: 10.0pt">&nbsp;</font></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<font style="font-size: 10.0pt">&nbsp;</font></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<font style="font-size: 10.0pt">&nbsp;</font></p>

<hr color="#000080"><font face="Times New Roman"><br clear=all
style='page-break-before:always'>


</font>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>SIGNATURES </b></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font style="font-size: 7.5pt">&nbsp;</font></p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.0001pt;text-indent:24.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>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";margin-left:1.0in;text-indent:-1.0in'>
<font style="font-size: 10.0pt">&nbsp;</font></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<font style="font-size: 10.0pt">&nbsp;</font></p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>
<b>Forward Industries Inc.,</b></p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;</b></p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<b><font size="3">By</font></b><font size="3">:</font></p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>/s/ Brett M. Johnson</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>_______________________________________</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<b><font size="3">Name </font></b><font size="3">Brett
M. Johnson</font></p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<b><font size="3">Title:</font></b><font size="3"> President
(Principal Executive Officer)</font></p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<b><font size="3">Dated:</font></b><font size="3"> September
2, 2010</font></p>

</body>

</html>
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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": "001-34780", "film-number": "101055570"}, "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 - www.edgar2.com
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)
August 30, 2010
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(D)   ELECTION OF DIRECTORS
In connection with the Settlement Agreement, dated as of August 10, 2010, between
the Company and LaGrange Capital Partners, L.P. and certain affiliates in our
current report on Form 8-k filed with the commission on August 16, 2010, on
Monday, August 30, 2010, the Board of Directors confirmed (i) the election of
Frank LaGrange Johnson, Stephen L. Key and Owen P.J. King to the board as
non-executive directors, with Mr. Frank Johnson serving as chairman, and (ii) the
appointment of Mr. Key to serve as a member of  the Audit Committee and
Compensation Committee of the Board, and Mr. King to serve as a member of  the
Compensation Committee, and Nominating and Governance Committee of the Board.
Mr. King was also appointed Chair of the Nominating and Governance Committee.
ITEM 5.02(E)  CERTAIN COMPENSATORY ARRANGEMENTS
On Monday, August 30, 2010,
the Compensation Committee of the Company's Board of Directors approved the
grant of awards of options to purchase 10,000 shares of the Company's common
stock to each of the Company's newly appointed non-executive directors, Messrs.
Frank Johnson, Key, and King, or 30,000 shares in the aggregate. These awards have a
grant date of September 1, 2010, and vest one year from the grant date, or August
31, 2011, subject to each grantee's compliance with the service period. 
The option exercise price will be equal to the closing bid price of the
Company's common stock on the Nasdaq SmallCap Market on the grant date. 
These grants were approved by the Board of Directors.
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/ Brett M. Johnson
_______________________________________
Name
Brett
M. Johnson
Title:
President
(Principal Executive Officer)
Dated:
September
2, 2010