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<font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>
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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">UNITED STATES</font></b></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Washington, D.C. 20549</font></b></p>
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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">______________</font></b></p>
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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">FORM 8-K</font></b></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">______________</font></b></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">CURRENT REPORT</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Date of Report (Date of earliest event reported):</font><b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"> April
25, 2018</font></b></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:18.0pt;">Forward Industries, Inc.</font></b></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
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			<b><font face="Times New Roman" style="font-size:10.0pt;">New York</font></b></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<b>
			<font color=black face="Times New Roman" style="background:white;font-size:10.0pt;">001-34780</font></b></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<b>
			<font color=black face="Times New Roman" style="background:white;font-size:10.0pt;">13-1950672</font></b></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">(State or Other Jurisdiction</font></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
			</p></td>
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			<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
			<font face="Times New Roman" style="font-size:10.0pt;">(Commission</font></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
			</p></td>
			<td valign=top width=30% style="padding:0in 0in 0in 0in;">
			<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
			<font face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer</font></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">of Incorporation)</font></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
			<font face="Times New Roman" style="font-size:10.0pt;">File Number)</font></p>
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
			<font face="Times New Roman" style="font-size:10.0pt;">Identification No.)</font></p>
			</td>
		</tr>
	</table></div>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;">
<b>
<font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">477 S. Rosemary
Ave.&nbsp;&nbsp;Ste. 219</font></b></p>
<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;">
<b>
<font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">West Palm
Beach, Florida 33401</font></b></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;(Address of Principal Executive Office) (Zip Code)</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<u>
<font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:10.0pt;">(561) 465-0030</font></u></b><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">
</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(Registrant&#8217;s telephone number, including area code)</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">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:</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face=wingdings lang=EN-US style="font-size:10.0pt;">o </font>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"><br></font>
<font face=wingdings lang=EN-US style="font-size:10.0pt;">o </font>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"><br></font>
<font face=wingdings lang=EN-US style="font-size:10.0pt;">o </font>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"><br></font>
<font face=wingdings lang=EN-US style="font-size:10.0pt;">o </font>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<div align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
	<hr align=center noshade size=1 width="100%"></div>
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	<hr align=center noshade size=4 width="100%">&nbsp;</div>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp; </font>
</p>
<HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp; </font>
</p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="line-height:11.1pt;margin:0in;margin-bottom:.0001pt;margin-top:.35pt;vertical-align:baseline;">
<font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;letter-spacing:.2pt; font-weight:700">Item 3.01. Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.</font></p>

<p style="line-height:12.0pt;margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;vertical-align:baseline;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">As previously reported on a Current Report
on Form 8-K filed with the Securities and Exchange Commission on April 21,
2018, James Frost resigned as a member of the Board of Directors (the &#8220;Board&#8221;)
of Forward Industries, Inc. (the &#8220;Company&#8221;) effective that date. </font></p>

<p style="line-height:12.0pt;margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;vertical-align:baseline;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On April 25, 2018, the Company received
written notice from Nasdaq that as a result of Mr. Frost&#8217;s resignation, the
Company was no longer in compliance with Listing Rules 5605(c)(2)(A) and
506(d)(2)(A) (the &#8220;Rules&#8221;). &#160;The Rules require the Company&#8217;s audit committee to
have a minimum of three members and the compensation committee to have a
minimum of two members.&#160; In the written notice, Nasdaq confirmed that the
Company, in accordance with the cure period provided for in Nasdaq Listing Rules
5605(c)(4) and (d)(4), has (a) until the earlier of its next annual
stockholders&#8217; meeting or April 20, 2019 to regain compliance, or (b) if the
next annual stockholders' meeting is held before October 17, 2018, then the
Company must evidence compliance no later than October 17, 2018. The Company
expects to regain compliance with Listing Rule 5605(c)(2)(A) by appointing a
new independent director to the audit committee within the aforementioned time
period.&#160; Additionally, the Company expects to regain compliance with Listing
Rule 5605(d)(2)(A) by either appointing a new independent director to the
compensation committee or appoint another independent director who is currently serving on
the Board within the aforementioned time period.&#160; </font></p>

<p style="line-height:12.0pt;margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;">
<font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt; font-weight:700">Item 5.02. Departure of Directors or Certain
Officers; Election of Directors, Appointment of Certain Officers, Compensatory
Arrangements of Certain Officers.</font></p>

<p style="line-height:12.0pt;margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;vertical-align:baseline;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On April 25, 2018, the Company&#8217;s
compensation committee approved the entrance into new Employment Agreements
with Terry Wise, the Company&#8217;s Chief Executive Officer and Michael Matte, the
Company&#8217;s Chief Financial Officer. The terms of the new Employment Agreements
will provide for (i) identical salaries as the executives&#8217; prior employment
agreements - $300,000 per annum for Mr. Wise and $225,000 for Mr. Matte, (ii) bonuses
up to 25% of their salaries to be paid in cash or equity for Mr. Matte and
equity for Mr. Wise and (iii) six months&#8217; severance for termination without
cause. The form of Employment Agreement is being prepared by Company counsel
and will be filed as an exhibit to the Company&#8217;s Form 10-Q for the three months
ended March 31, 2018.</font></p>

<p style="line-height:12.0pt;margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;vertical-align:baseline;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Additionally, effective February 1, 2018,
Mr. Matte&#8217;s salary reverted back to $225,000 which he had previously agreed to
reduce to $150,000 per annum.</font></p>

<p style="line-height:12.0pt;margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;text-align:justify;text-indent:.5in;text-justify:inter-ideograph;vertical-align:baseline;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">On April 25, 2018, the Company granted
214,000 five-year fully-vested stock options exercisable at $1.44 per share to
Sangita Shah, a director of the Company.</font></p>

<p style="line-height:25.4pt;margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.15in;margin-top:12.05pt;vertical-align:baseline;"><font color=black face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="line-height:25.4pt;margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.15in;margin-top:12.05pt;vertical-align:baseline;">&nbsp;</p>
<p style="line-height:25.4pt;margin:0in;margin-bottom:.0001pt;margin-left:0in;margin-right:.15in;margin-top:12.05pt;vertical-align:baseline;">&nbsp;</p>



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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
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<font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>
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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp; </font>
</p>
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<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b>
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SIGNATURES</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">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 style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
<font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
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	<table cellpadding=0 cellspacing=0 border=0 style="width:100%;">
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b>
			<font face="Times New Roman" style="font-size:10.0pt;">FORWARD INDUSTRIES, INC.</font></b></p>
			</td>
			<td valign=top width=12% style="padding:0in 0in 0in 0in;">
			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
			</p></td>
			<td valign=top width=3% style="padding:0in 0in 0in 0in;">
			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
			</p></td>
			<td valign=top width=36% style="padding:0in 0in 0in 0in;">
			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
			</p></td>
			<td valign=top width=12% style="padding:0in 0in 0in 0in;">
			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">Date: May 1, 2018</font></p>
			</td>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
			</td>
			<td valign=top width=36% style="border-bottom:solid black 1.5pt;padding:0in 0in 0in 0in;">
			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">/s/&nbsp;Michael Matte</font></p>
			</td>
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			</p></td>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">Name: Michael Matte</font></p>
			</td>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
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			<font face="Times New Roman" style="font-size:10.0pt;">&nbsp; </font>
			</p></td>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
			<font face="Times New Roman" style="font-size:10.0pt;">Title:&nbsp;&nbsp; Chief Financial
  Officer</font></p></td>
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			<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;">
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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": "18795940"}, "business-address": {"street1": "477 ROSEMARY AVE.", "street2": "SUITE 219", "city": "WEST PALM BEACH", "state": "FL", "zip": "33401", "phone": "561-465-0071"}, "mail-address": {"street1": "477 ROSEMARY AVE.", "street2": "SUITE 219", "city": "WEST PALM BEACH", "state": "FL", "zip": "33401"}, "former-company": [{"former-conformed-name": "FORWARD INDUSTRIES INC", "date-changed": "19950105"}, {"former-conformed-name": "PROGRESS HEAT SEALING CO INC", "date-changed": "19721111"}]}
Prepared by EDGARX.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):
April
25, 2018
Forward Industries, Inc.
(Exact name of registrant as specified in its charter)
New York
001-34780
13-1950672
(State or Other Jurisdiction
(Commission
(I.R.S. Employer
of Incorporation)
File Number)
Identification No.)
477 S. Rosemary
Ave.  Ste. 219
West Palm
Beach, Florida 33401
(Address of Principal Executive Office) (Zip Code)
(561) 465-0030
(Registrant's telephone number, including area code)
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 3.01. Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
As previously reported on a Current Report
on Form 8-K filed with the Securities and Exchange Commission on April 21,
2018, James Frost resigned as a member of the Board of Directors (the "Board")
of Forward Industries, Inc. (the "Company") effective that date.
On April 25, 2018, the Company received
written notice from Nasdaq that as a result of Mr. Frost's resignation, the
Company was no longer in compliance with Listing Rules 5605(c)(2)(A) and
506(d)(2)(A) (the "Rules").  The Rules require the Company's audit committee to
have a minimum of three members and the compensation committee to have a
minimum of two members.  In the written notice, Nasdaq confirmed that the
Company, in accordance with the cure period provided for in Nasdaq Listing Rules
5605(c)(4) and (d)(4), has (a) until the earlier of its next annual
stockholders' meeting or April 20, 2019 to regain compliance, or (b) if the
next annual stockholders' meeting is held before October 17, 2018, then the
Company must evidence compliance no later than October 17, 2018. The Company
expects to regain compliance with Listing Rule 5605(c)(2)(A) by appointing a
new independent director to the audit committee within the aforementioned time
period.  Additionally, the Company expects to regain compliance with Listing
Rule 5605(d)(2)(A) by either appointing a new independent director to the
compensation committee or appoint another independent director who is currently serving on
the Board within the aforementioned time period.
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors, Appointment of Certain Officers, Compensatory
Arrangements of Certain Officers.
On April 25, 2018, the Company's
compensation committee approved the entrance into new Employment Agreements
with Terry Wise, the Company's Chief Executive Officer and Michael Matte, the
Company's Chief Financial Officer. The terms of the new Employment Agreements
will provide for (i) identical salaries as the executives' prior employment
agreements - $300,000 per annum for Mr. Wise and $225,000 for Mr. Matte, (ii) bonuses
up to 25% of their salaries to be paid in cash or equity for Mr. Matte and
equity for Mr. Wise and (iii) six months' severance for termination without
cause. The form of Employment Agreement is being prepared by Company counsel
and will be filed as an exhibit to the Company's Form 10-Q for the three months
ended March 31, 2018.
Additionally, effective February 1, 2018,
Mr. Matte's salary reverted back to $225,000 which he had previously agreed to
reduce to $150,000 per annum.
On April 25, 2018, the Company granted
214,000 five-year fully-vested stock options exercisable at $1.44 per share to
Sangita Shah, a director of the Company.
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.
Date: May 1, 2018
By:
/s/ Michael Matte
Name: Michael Matte
Title:   Chief Financial
  Officer