<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->

<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>Forward Industries Form 8-K</title>







</head>

<body lang=EN-US>















<div class=MsoNormal>

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

</div>



<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;<b>UNITED STATES</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>SECURITIES AND EXCHANGE
COMMISSION</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>Washington</b><b>, </b><b>D.C.</b><b>
 </b><b>20549</b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>



<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="5">FORM 8-K </font> </b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>



<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>CURRENT REPORT </b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>



<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>Pursuant to Section 13 OR 15(d) of </b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>The Securities Exchange Act of 1934 </b></p>

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

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Date of Report (Date of
earliest event reported) </p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>August 1, 2007</b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>&nbsp;</b></p>



<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="5">Forward Industries, Inc.</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Exact name of registrant
as specified in its charter) </font> </b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
<font size="2"><b>&nbsp; </b></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'>

  </td>
  <td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="32%" style='width:32.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="32%" style='width:32.0%;padding:0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td valign=top style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>New York</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>000-6669</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>13-1950672</b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(State or Other
  Jurisdiction</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>of Incorporation)</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Commission</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>File Number)</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(IRS Employer</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Identification No.)</b></p>
  </td>
 </tr>
</table>

</div>





<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'>

  &nbsp;&nbsp;&nbsp;

  </td>
  <td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="47%" style='width:47.0%;padding:0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td valign=top style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>1801 Green Road</b><b>, Suite E</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Pompano Beach</b><b>, </b><b>FL</b><b> </b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>33064</b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>(Address of principal executive offices)</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>(Zip&nbsp;Code)</b></p>
  </td>
 </tr>
</table>

</div>







<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Registrant&#146;s telephone
number, including area code </p>

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

  </td>
 </tr>
 <tr>
  <td valign=top style='border:none;border-bottom:solid black 1.0pt;padding:
  0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td nowrap valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>(Former name or former address, if changed since last
  report)</b></p>
  </td>
 </tr>
</table>

</div>




<p style='margin:0in;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: </font> </p>
<p style='margin:0in;margin-bottom:.0001pt'><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 class=MsoNormal><font face="Wingdings" size="2">o</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) <br>
&nbsp;</font></p>
  </td>
 </tr>
</table>



<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 class=MsoNormal><font face="Wingdings" size="2">o</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) <br>
&nbsp;</font></p>
  </td>
 </tr>
</table>



<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 class=MsoNormal><font face="Wingdings" size="2">o</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) <br>
&nbsp;</font></p>
  </td>
 </tr>
</table>



<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 class=MsoNormal><font face="Wingdings" size="2">o</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) <br>
&nbsp;</font></p>
  </td>
 </tr>
</table>

<div class=MsoNormal>

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

</div>





<div class=MsoNormal align=center style='text-align:center'>




<hr size=2 width="100%" noshade color=navy align=center>

</div>





<br clear=all
style='page-break-before:always'>








<div class=MsoNormal align=center style='text-align:center'>

<hr size=3 width="100%" noshade color="#999999" align=center>

</div>









<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'><b>I<font size="2">TEM 2.02 RESULTS OF
OPERATIONS AND FINANCIAL CONDITION. </font></b></p>
<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>




<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'><font size="2">On Wednesday, August 1, 2007,
the Company issued a press release announcing its results of operations for the
three and nine-month period ended June 30, 2007.&nbsp; A copy of the press release
is attached as Exhibit 99.1.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp; </font> </b></p>

<p style="margin:0in;margin-bottom:.0001pt"><b><font size="2">ITEM 5.02 DEPARTURE OF DIRECTORS
OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS;
COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. </font> </b></p>
<p style="margin:0in;margin-bottom:.0001pt"><b><font size="2">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:24.5pt"><font size="2">The Compensation
Committee of the Company's Board of Directors&nbsp; voted to approve a grant of
options to purchase 10,000 shares of common stock grant to each of the Company's
four Independent Directors, or 40,000 shares in the aggregate.&nbsp; The date of
grant date of the options is August 3, 2007, at an exercise price equal to the
closing price of the Company's common stock on the Nasdaq SmallCap Market on the
grant date.</font></p>

<p style="margin-left: 0in; margin-right: 0in; margin-bottom: 6pt"><b>
<font face="Times New Roman" size="2">Item 8.01 OTHER EVENTS.
  </font></b></p>
<p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 24.5pt">
<font face="Arial Unicode MS" size="2">&nbsp;</font><font face="Times New Roman" size="2">On
  Wednesday, August 1, 2007 the Compensation Committee of the Company&#146;s Board of
  Directors voted to approve a grant of options to purchase 10,000 shares of
  common stock grant to each of the Company&#146;s four Independent Directors, or
  40,000 shares in the aggregate.&nbsp; The date of grant date of the options is
  August 3, 2007, at an exercise price equal to the closing price of the
  Company&#146;s common stock on the Nasdaq SmallCap Market on the grant date.</font><p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">ITEM 9.01. FINANCIAL
STATEMENTS AND EXHIBITS. </font> </b></p>



<p class=MsoNormal><font size="2">(c) Exhibits.</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><font size="2">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on August
1, 2007</font></p>









<div class=MsoNormal align=center style='text-align:center'>

<hr size=3 width="100%" noshade color="#999999" align=center>

</div>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>-1- </p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>





<br clear=all
style='page-break-before:always'>








<div class=MsoNormal align=center style='text-align:center'>

<hr size=3 width="100%" noshade color="#999999" align=center>

</div>





<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">SIGNATURES </font> </b></p>



<p style='margin:0in;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:1.0in;text-indent:-1.0in'><b>
<font size="2">Forward Industries Inc.,</font></b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">&nbsp;</font></b></p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">By</font></b><font size="2">:</font></p>





<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><font size="2">/s/ Jerome E. Ball</font></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><font size="2">_______________________________________</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Name </font> </b><font size="2">Jerome
E. Ball</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Title:</font></b><font size="2"> Chairman
and Chief Executive Officer</font></p>



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>
<font size="2">Dated:</font></b><font size="2"> August
6, 2007</font></p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=3 width="100%" noshade color="#999999" align=center>

</div>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>-2- </p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>





<br clear=all
style='page-break-before:always'>








<div class=MsoNormal align=center style='text-align:center'>

<hr size=3 width="100%" noshade color="#999999" align=center>

</div>





<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>EXHIBIT INDEX </b></p>

<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><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 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press
release issued by the Company on August 1, 2007</p>







<div class=MsoNormal align=center style='text-align:center'>

<hr size=3 width="100%" noshade color="#999999" align=center>

</div>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>-3- </p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "forward8k11.htm", "secsgml_size_bytes": 15983}]
{"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": "071028755"}, "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 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)
August 1, 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))
I
TEM 2.02 RESULTS OF
OPERATIONS AND FINANCIAL CONDITION.
On Wednesday, August 1, 2007,
the Company issued a press release announcing its results of operations for the
three and nine-month period ended June 30, 2007.  A copy of the press release
is attached as Exhibit 99.1.
ITEM 5.02 DEPARTURE OF DIRECTORS
OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS;
COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
The Compensation
Committee of the Company's Board of Directors  voted to approve a grant of
options to purchase 10,000 shares of common stock grant to each of the Company's
four Independent Directors, or 40,000 shares in the aggregate.  The date of
grant date of the options is August 3, 2007, at an exercise price equal to the
closing price of the Company's common stock on the Nasdaq SmallCap Market on the
grant date.
Item 8.01 OTHER EVENTS.
On
  Wednesday, August 1, 2007 the Compensation Committee of the Company's Board of
  Directors voted to approve a grant of options to purchase 10,000 shares of
  common stock grant to each of the Company's four Independent Directors, or
  40,000 shares in the aggregate.  The date of grant date of the options is
  August 3, 2007, at an exercise price equal to the closing price of the
  Company's common stock on the Nasdaq SmallCap Market on the grant date.
ITEM 9.01. FINANCIAL
STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit 99.1            Press release issued on August
1, 2007
-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:
August
6, 2007
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press
release issued by the Company on August 1, 2007
-3-