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



<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>FORM 8-K </b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</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'>&nbsp;</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>November 16, 2006</b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</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'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
<font size="2"><b>&nbsp;</b></font></p>





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  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><b>New York</b></p>
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  </td>
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  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>
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  <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>
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  &nbsp;</td>
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  </td>
  <td width="47%" style='width:47.0%;padding:0in 0in 0in 0in'>

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  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>, FL</b><b> </b></p>
  </td>
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  </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>
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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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  <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>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Registrant'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>





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  0in 0in 0in 0in'>

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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'><b>&nbsp;</b></p>
  </td>
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<p style='margin:0in;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: </p>



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  <p class=MsoNormal><font face="Wingdings">o</font></p>
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  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p>
  </td>
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  <p class=MsoNormal><font face="Wingdings">o</font></p>
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  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
  </td>
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  <p class=MsoNormal><font face="Wingdings">o</font></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b)) </p>
  </td>
 </tr>
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  <p class=MsoNormal>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c)) </p>
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<p style='margin:0in;margin-bottom:.0001pt'><b>&nbsp;</b></p>



<p style='margin:0in;margin-bottom:.0001pt'><b>Item 5.02(b) DEPARTURE
OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS. </b></p>
<p style='margin:0in;margin-bottom:.0001pt'><b>&nbsp;</b></p>



<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>On Thursday, November 16,
2006, the Company issued a press release announcing that its Chief Executive
Officer, Jerome E. Ball, will remain as CEO of the Company and complete his
term of office that is scheduled to expire December 31, 2007. The Company's
Board of Directors unanimously accepted Mr. Ball's decision and has
discontinued its search for a successor to Mr. Ball. A copy of the press
release is attached as Exhibit 99.1.</p>

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

<p style='margin:0in;margin-bottom:.0001pt'><b>Item 8.01 Other Events.
</b></p>

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

<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>On Thursday, November
16, 2006, the Company issued a press release announcing that it plans to
release its results of operations for the Fiscal year ended September 30, 2006
on Monday, November 20 2006 after the market closes, rather than after the
market closes on November 16, 2006 as previously announced. A copy of the press
release is attached as Exhibit 99.1.</p>

<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>.</p>



<p style='margin:0in;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:1.0in;text-indent:-1.0in'>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on November
16, 2006</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>-1- </p>

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



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

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





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





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

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



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



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



<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'><b>Dated:</b> November
16, 2006</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
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<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 style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued by the Company
on November 16, 2006</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p class=MsoNormal style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>-3- </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": "061224144"}, "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
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 16, 2006
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 PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS.
On Thursday, November 16,
2006, the Company issued a press release announcing that its Chief Executive
Officer, Jerome E. Ball, will remain as CEO of the Company and complete his
term of office that is scheduled to expire December 31, 2007. The Company's
Board of Directors unanimously accepted Mr. Ball's decision and has
discontinued its search for a successor to Mr. Ball. A copy of the press
release is attached as Exhibit 99.1.
Item 8.01 Other Events.
On Thursday, November
16, 2006, the Company issued a press release announcing that it plans to
release its results of operations for the Fiscal year ended September 30, 2006
on Monday, November 20 2006 after the market closes, rather than after the
market closes on November 16, 2006 as previously announced. A copy of the press
release is attached as Exhibit 99.1.
.
Item 9.01 Financial
Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1            Press release issued on November
16, 2006
-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:
November
16, 2006
-2-
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press release issued by the Company
on November 16, 2006
-3-