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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:0pt; margin-right:0pt'>&nbsp;<b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION<br>
Washington, D.C. 20549</b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>
<font size="4">FORM 8-K </font> </b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>CURRENT REPORT </b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>Pursuant to Section 13 OR 15(d) of
<br>
The Securities Exchange Act of 1934 </b></p>

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>Date of Report (Date of
earliest event reported) <br>
<b><u>July 12, 2005</u></b></p>



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





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  <p class=MsoNormal align=center style='text-align:center'><b>000-6669</b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>13-1950672</b></p>
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  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>(State or Other
  Jurisdiction</b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b>of Incorporation)</b></p>
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  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>(Commission</b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b>File Number)</b></p>
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  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>(IRS Employer</b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b>Identification No.)</b></p>
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  &nbsp;</td>
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  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>1801 Green Road, Suite E</b></p>
  <p align=center style='margin-top:0pt;margin-right:0pt;margin-bottom:.75pt;
  margin-left:0pt;text-align:center'><b>Pompano Beach, FL </b></p>
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  <p class=MsoNormal align=center style='text-align:center'><b>(Address of principal executive offices)</b></p>
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<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>Registrant's telephone
number, including area code </p>

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>(954) 419-9544 </b></p>





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  <p class=MsoNormal align=center style='text-align:center'><b>(Former name or former address, if changed since last
  report)</b></p>
	<p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
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<p style='margin:0pt;margin-bottom:.0001pt'>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;</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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  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) <br>
&nbsp;</font></p>
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  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) <br>
&nbsp;</font></p>
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  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) <br>
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<p class=MsoNormal><b>Item 1.01.</b><b> </b><b>ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</b></p>

<p class=MsoNormal>On July 12, 2005, the
registrant amended its employment agreement with its Vice President and Chief
Financial Officer, Mr. Douglas Sabra.&nbsp; The amendment extends the term of Mr.
Sabra's employment until December 31, 2008 from December 31, 2005, and increases
his annual salary (adjustable during the term) &nbsp;to $185,000 from $150,000,
effective July 12, 2005. A copy of the amendment is attached hereto as exhibit
10.1. &nbsp;</p>



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



<p class=MsoNormal>(c) Exhibits.</p>



<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'>Exhibit 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment One to Employment
Agreement </p>
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<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>SIGNATURES </b></p>



<p style='margin:0pt;margin-bottom:.0001pt;text-indent:24.5pt'>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-left:72.0pt;text-indent:-72.0pt'><b>Forward Industries Inc.,</b></p>

<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>&nbsp;</b></p>





<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>By</b>:</p>





<p class=MsoNormal>/s/ Jerome E. Ball<br>
_______________________________________</p>



<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>Name </b>Jerome
E. Ball</p>



<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>Title:</b> Chairman
and Chief Executive Officer</p>



<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>Dated:</b> July
12, 2005</p>
<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'>&nbsp;</p>
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<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>EXHIBIT INDEX </b></p>

<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>&nbsp;</b></p>

<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>&nbsp;</b></p>

<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b><u>Exhibit No.</u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></b></p>

<p class=MsoNormal>Exhibit 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment
One to Employment Agreement</p>
<p class=MsoNormal>&nbsp;</p>
<p class=MsoNormal>&nbsp;</p>
<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": "05949592"}, "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)
July 12, 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 1.01.
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On July 12, 2005, the
registrant amended its employment agreement with its Vice President and Chief
Financial Officer, Mr. Douglas Sabra.  The amendment extends the term of Mr.
Sabra's employment until December 31, 2008 from December 31, 2005, and increases
his annual salary (adjustable during the term)  to $185,000 from $150,000,
effective July 12, 2005. A copy of the amendment is attached hereto as exhibit
10.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 10.1            Amendment One to Employment
Agreement
-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:
July
12, 2005
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 10.1            Amendment
One to Employment Agreement
-3-