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<div style='page:Section1;'>

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<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font><b><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-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Washington, D.C. 20549</font></b></p>

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<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="5">FORM 8-K </font> </b></p>

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<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>CURRENT REPORT<font size="2">
</font> </b></p>

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<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Pursuant to Section 13 OR 15(d) of </font> </b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">The Securities Exchange Act of 1934 </font> </b></p>

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<font size="2">&nbsp;&nbsp;</font></p>

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<font size="2">Date of Report (Date of
earliest event reported) </font> </p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">December 14, 2007</font></b></p>

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<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="6">Forward Industries, Inc.</font></b></p>

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<font size="2">(Exact name of registrant
as specified in its charter) </font> </b></p>

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<font size="2">&nbsp;</font></p>

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<font size="2">&nbsp;</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="95%"
 style='width:95.0%'>
 <tr>
  <td width="34%" style='width:34.0%;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="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="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>
  </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="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>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">New York</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">000-6669</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">13-1950672</font></b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(State or Other
  Jurisdiction</font></b></p>
  <p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";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>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(Commission</font></b></p>
  <p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";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>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";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 MT Extra Bold";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>
 </tr>
</table>

</div>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="75%"
 style='width:75.0%'>
 <tr>
  <td width="52%" style='width:52.0%;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="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>
  </td>
 </tr>
 <tr>
  <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-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">1801 Green Road, Suite
  E</font></b></p>
  <p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b><font size="2">Pompano Beach, FL </font> </b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">33064</font></b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(Address of principal executive offices)</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(Zip&nbsp;Code)</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Registrant's telephone
number, including area code </font> </p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">(954) 419-9544 </font> </b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="80%"
 style='width:80.0%'>
 <tr>
  <td width="100%" style='width:100.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:none;border-bottom:solid black 1.0pt;padding:
  0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td nowrap valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";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-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<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: </font> </p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Wingdings"; margin-left:0in; margin-right:0in; margin-top:0in'>
	o</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
  </td>
 </tr>
</table>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Wingdings"; margin-left:0in; margin-right:0in; margin-top:0in'>
	o</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
  </td>
 </tr>
</table>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Wingdings"; margin-left:0in; margin-right:0in; margin-top:0in'>
	o</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font 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>
  </td>
 </tr>
</table>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-family:"Wingdings"; margin-left:0in; margin-right:0in; margin-top:0in'>
	o</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font 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-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in' align="left">&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<div style="page: Section1">

<hr size=3 width="100%" noshade color=black align=left>

</div>
<p><font face="Times New Roman MT Extra Bold" size="2"><br clear=all
style='page-break-before:always'>
</font>

</p>

<div style='page:Section2;'>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'><b>Item 5.02(b) DEPARTURE
OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF certain
OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. </b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman MT Extra Bold";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On December 14, 2007, each of Messrs. Edwin Levy and Norman Ricken informed the
Board of Directors that he does not intend to stand for re-election to the
Company's Board of Directors at the annual shareholder meeting to be held on
February 13, 2008. &nbsp;Messrs. Levy's and Ricken's decisions are not a result
of any disagreement with the Company on any matter relating to its operations,
policies or practices. Mr. Ricken is the current Chairman of the Audit
Committee and the Compensation Committee.&nbsp; Mr. Levy is the current
Chairman of the Nominating and Governance Committee.</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><b>ITEM 8.01&nbsp; OTHER EVENTS</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On December 14, 2007, the Nominating and Governance Committee of the Board of
Directors of the Company recommended the nomination of seven persons for
director at the annual meeting of shareholders scheduled to be held February 13,
2008.&nbsp; The Committee's nominees are: Jerome E. Ball, Bruce Galloway, Louis Lipschitz,
Douglas W. Sabra, and Michael Schiffman, each of whom is currently serving as a
director on the Company's Board. The Committee also recommended the nominations
of John Chiste and Fred Hamilton, each of whom the Board has
determined is independent in accordance with the NASDAQ stock market's listing
standards, including Marketplace Rule 4200(a)(15). The Board of Directors
unanimously approved the recommendations of the Nominating and Governance
Committee </font></p>

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<font size="2">SIGNATURES </font> </b></p>

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<font size="2">&nbsp;</font></p>

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<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>

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<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">Forward Industries Inc.,</font></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">By</font></b><font style="font-size: 10.0pt">:</font></p>

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<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">/s/ Jerome E. Ball</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">_______________________________________</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">Name </font></b><font style="font-size: 10.0pt">Jerome
E. Ball&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">Title:</font></b><font style="font-size: 10.0pt"> Chairman
and Chief Executive Officer</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman MT Extra Bold";margin-left:1.0in;text-indent:-1.0in; margin-right:0in; margin-top:0in'><b><font style="font-size: 10.0pt">Dated:</font></b><font style="font-size: 10.0pt"> December
17, 2007</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": "0908"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06669", "film-number": "071310551"}, "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)
December 14, 2007
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(b) DEPARTURE
OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF certain
OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On December 14, 2007, each of Messrs. Edwin Levy and Norman Ricken informed the
Board of Directors that he does not intend to stand for re-election to the
Company's Board of Directors at the annual shareholder meeting to be held on
February 13, 2008.  Messrs. Levy's and Ricken's decisions are not a result
of any disagreement with the Company on any matter relating to its operations,
policies or practices. Mr. Ricken is the current Chairman of the Audit
Committee and the Compensation Committee.  Mr. Levy is the current
Chairman of the Nominating and Governance Committee.
ITEM 8.01  OTHER EVENTS
On December 14, 2007, the Nominating and Governance Committee of the Board of
Directors of the Company recommended the nomination of seven persons for
director at the annual meeting of shareholders scheduled to be held February 13,
2008.  The Committee's nominees are: Jerome E. Ball, Bruce Galloway, Louis Lipschitz,
Douglas W. Sabra, and Michael Schiffman, each of whom is currently serving as a
director on the Company's Board. The Committee also recommended the nominations
of John Chiste and Fred Hamilton, each of whom the Board has
determined is independent in accordance with the NASDAQ stock market's listing
standards, including Marketplace Rule 4200(a)(15). The Board of Directors
unanimously approved the recommendations of the Nominating and Governance
Committee
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:
December
17, 2007