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<title>Forward 8-K</title>


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<font size="4">UNITED STATES </font> </b></p>

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<font size="4">SECURITIES AND EXCHANGE COMMISSION </font> </b></p>

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

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<font size="4">FORM 8-K</font></b></p>

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  <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-bottom:.0001pt;font-family:"Times New Roman","serif";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="4">CURRENT REPORT</font></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>
  <h1 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";color:black;font-weight:bold;'>&nbsp;</h1>
  <h1 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";color:black;font-weight:bold;'>Date of report (Date of
  earliest event reported):<font style="font-size: 11.0pt">&nbsp; November 8,
  2012</font></h1>
  <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-right:0in;margin-left:0in;font-family:"Times New Roman","serif";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="5">Forward Industries, Inc.</font></b></p>
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	<font size="2">(Exact Name of Registrant as Specified
  in Its Charter)</font></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">New York</font></b></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">000-6669</font></b></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">&nbsp;</font></b></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">13-1950672</font></b></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">(Commission File Number)</font></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">&nbsp;</font></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">(IRS Employer Identification No.)</font></p>
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<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt'><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","serif";margin:0in;margin-bottom:.0001pt'><font style="font-size: 7.5pt">&nbsp;</font></p>

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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">477 Rosemary Ave. </font></b></p>
  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">West Palm Beach, FL</font></b></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">33410</font></b></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">(Address of Principal Executive Offices)</font></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">&nbsp;</font></p>
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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">(Zip Code)</font></p>
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<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt'><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","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 10.0pt">Registrant&#146;s telephone number, including area code: <b>(310)
526-3005</b></font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><b><font style="font-size: 10.0pt">&nbsp;</font></b></p>

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  <p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt;text-align:center'><font style="font-size: 7.5pt">(Former name or former address if changed since last
  report)</font></p>
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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-indent:.5in'><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","serif";'><font 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 follow provisions:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b><font style="font-size: 10.0pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">[&nbsp; ]&nbsp; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">[&nbsp; ]&nbsp; 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;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">[&nbsp; ]&nbsp; 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;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 10.0pt">[&nbsp; ]&nbsp; 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;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 8.0pt">&nbsp;</font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'>&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";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b>ITEM
5.02(E)&nbsp;&nbsp;&nbsp; DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><b>&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;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF </b></p>

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

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

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;<i>Incentive Compensation Plan.</i>&nbsp; On November 8,
2012, the Compensation Committee (&#147;Compensation Committee&#148;) of Forward
Industries, Inc.&#146;s (the &#147;Company&#148;) Board of Directors, voted to adopt the
Forward Industries Incentive Compensation Plan (the &#147;Incentive Plan&#148;), to
provide incentives to employees of the Company in the form of equity grants and
cash bonus payments for achieving certain performance goals, and pursuant to
which the Company will, subject to the terms therein, (1) grant a one-time
restricted stock unit bonus to certain employees, (2) pay bonuses as provided
therein, and (3) provide that annual bonuses for employees be made in the form
of cash and restricted stock units, as provided therein.&nbsp; Pursuant to the
Incentive Plan and the Company&#146;s 2011 Long Term Incentive Plan (the &#147;2011
Plan&#148;) and the 2007 Equity Incentive Plan (the &#147;2007 Plan&#148;), the Compensation
Committee determined to award Robert Garrett, Jr., the Company&#146;s Chief
Executive Officer and James O. McKenna, the Company&#146;s Chief Financial
Officer/Treasurer, 125,000 and 105,000 restricted stock units respectively (the
&#147;Awards&#148;), and the other employees specified in the Inventive Plan.&nbsp; &nbsp;The
Awards will vest over three years from the date of grant, 1/3 per year on each
anniversary of the grant date, subject to the terms of the Incentive Plan, the
2011 Plan the 2007 Plan, and the terms of the grant letters.&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'><i>Employment Agreement.</i>&nbsp; The Compensation Committee on November 8, 2012, approved an
amendment to Mr. McKenna&#146;s employment agreement (the &#147;Amendment&#148;) in connection
with his relocation from California to Florida at the Company&#146;s request
pursuant to the move of the Company&#146;s executive offices to West Palm Beach,
Florida from Santa Monica, California. Among other things, the Amendment
reduced his base salary to $210,000 per annum from $225,000 per annum,
eliminated his housing allowance, and provided for a relocation bonus in the
amount of $172,456, less applicable withholdings and deductions, all subject to
the provisions provided in the Amendment. </p>

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

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margin-left:0in;text-align:center'><b><font style="font-size: 11.0pt">SIGNATURES</font></b></p>

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margin-left:0in;text-align:center'><font style="font-size: 11.0pt">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0in;margin-bottom:.0001pt'><font style="font-size: 11.0pt">&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.</font></p>

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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">Dated: November 15, 2012&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">By:&nbsp;&nbsp;</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'><font style="font-size: 11.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'><font style="font-size: 11.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";border:none;padding:0in'><font style="font-size: 11.0pt">/s/ Robert Garrett Jr.</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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  <td width="4%" style='width:4.38%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
  </td>
  <td valign=top style='width:5%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">Name:&nbsp;&nbsp;</font></p>
  </td>
  <td style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">Robert Garrett Jr.</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">Title:&nbsp;</font></p>
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  <td style='width:45%;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">Principal Executive Officer</font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 11.0pt">&nbsp;</font></p>
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[{"type": "8-K", "sequence": "1", "filename": "esforward8k.htm", "secsgml_size_bytes": 33536}]
{"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": "121209358"}, "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):
November 8,
  2012
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.
West Palm Beach, FL
33410
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(310)
526-3005
(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 follow provisions:
[  ]  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
5.02(E)    DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
CERTAIN OFFICERS.
Incentive Compensation Plan.
On November 8,
2012, the Compensation Committee ("Compensation Committee") of Forward
Industries, Inc.'s (the "Company") Board of Directors, voted to adopt the
Forward Industries Incentive Compensation Plan (the "Incentive Plan"), to
provide incentives to employees of the Company in the form of equity grants and
cash bonus payments for achieving certain performance goals, and pursuant to
which the Company will, subject to the terms therein, (1) grant a one-time
restricted stock unit bonus to certain employees, (2) pay bonuses as provided
therein, and (3) provide that annual bonuses for employees be made in the form
of cash and restricted stock units, as provided therein.  Pursuant to the
Incentive Plan and the Company's 2011 Long Term Incentive Plan (the "2011
Plan") and the 2007 Equity Incentive Plan (the "2007 Plan"), the Compensation
Committee determined to award Robert Garrett, Jr., the Company's Chief
Executive Officer and James O. McKenna, the Company's Chief Financial
Officer/Treasurer, 125,000 and 105,000 restricted stock units respectively (the
"Awards"), and the other employees specified in the Inventive Plan.   The
Awards will vest over three years from the date of grant, 1/3 per year on each
anniversary of the grant date, subject to the terms of the Incentive Plan, the
2011 Plan the 2007 Plan, and the terms of the grant letters.
Employment Agreement.
The Compensation Committee on November 8, 2012, approved an
amendment to Mr. McKenna's employment agreement (the "Amendment") in connection
with his relocation from California to Florida at the Company's request
pursuant to the move of the Company's executive offices to West Palm Beach,
Florida from Santa Monica, California. Among other things, the Amendment
reduced his base salary to $210,000 per annum from $225,000 per annum,
eliminated his housing allowance, and provided for a relocation bonus in the
amount of $172,456, less applicable withholdings and deductions, all subject to
the provisions provided in the Amendment.
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: November 15, 2012
By:
/s/ Robert Garrett Jr.
Name:
Robert Garrett Jr.
Title:
Principal Executive Officer