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

<p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'>
<font size="2">Date of Report (Date of
earliest event reported) <br>
</font><b><u><font size="2">November 1, 2005</font></u></b></p>



<p align=center style='text-align:center; margin-left:0pt; margin-right:0pt'><b>
<font size="6">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>33064</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><font size="2">(Former name or former address, if changed since last
  report)</font></b></p>
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  &nbsp;</td>
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<p style='margin:0pt;margin-bottom:.0001pt'><font size="2">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;</font></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) </font> </p>
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  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font> </p>
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  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </font> </p>
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  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </font> </p>
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<p style='margin:0pt;margin-bottom:.0001pt'><b><font size="2">ITEM&nbsp;1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. &nbsp;</font></b></p>



<p class=MsoNormal><font size="2">Under the Company's
employment agreements with each of Mr. Jerome E. Ball, Chairman and Chief
Executive Officer, and Michael Schiffman, President and Chief Operating
Officer, the terms of those agreements both expire December 31, 2005, unless
the parties agree that the term shall be renewed for a one-year period. Under
each agreement, the Company and the executive must advise the other party to
the agreement not later than sixty days prior to expiration of the term of the
intention not to so renew.&nbsp; Neither the Company nor either executive
provided such notice, and, accordingly, subject to other events, each such
agreement is expected to be renewed for the one-year period.&nbsp; However, the
Company and each of Mr. Ball and Mr. Schiffman is engaged in discussions for a
new agreement, which, if executed, would supersede the terms and conditions of
the agreements in place.</font></p>
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<font size="2">-2- </font> </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'><b>SIGNATURES </b></p>



<p style='margin:0pt;margin-bottom:.0001pt;text-indent:24.5pt'>&nbsp;</p>
<p style='margin:0pt;margin-bottom:.0001pt;text-indent:24.5pt'><font size="2">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 class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>
<font size="2">Forward Industries Inc.,</font></b></p>

<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>
<font size="2">&nbsp;</font></b></p>





<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>
<font size="2">By</font></b><font size="2">:</font></p>





<p class=MsoNormal><font size="2">/s/ Douglas W.&nbsp; Sabra<br>
_______________________________________</font></p>



<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>
<font size="2">Name </font> </b><font size="2">Douglas
W. Sabra</font></p>



<p class=MsoNormal style='margin-left:72.0pt;text-indent:-72.0pt'><b>
<font size="2">Title:</font></b><font size="2"> Chief
Financial Officer</font></p>



<p class=MsoNormal><b><font size="2">Dated:</font></b><font size="2"> November 3, 2005</font></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": "051175586"}, "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)
November 1, 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.
Under the Company's
employment agreements with each of Mr. Jerome E. Ball, Chairman and Chief
Executive Officer, and Michael Schiffman, President and Chief Operating
Officer, the terms of those agreements both expire December 31, 2005, unless
the parties agree that the term shall be renewed for a one-year period. Under
each agreement, the Company and the executive must advise the other party to
the agreement not later than sixty days prior to expiration of the term of the
intention not to so renew.  Neither the Company nor either executive
provided such notice, and, accordingly, subject to other events, each such
agreement is expected to be renewed for the one-year period.  However, the
Company and each of Mr. Ball and Mr. Schiffman is engaged in discussions for a
new agreement, which, if executed, would supersede the terms and conditions of
the agreements in place.
-2-
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/ Douglas W.  Sabra
_______________________________________
Name
Douglas
W. Sabra
Title:
Chief
Financial Officer
Dated:
November 3, 2005
-3-