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))
 





 

ITEM 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


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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


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EXHIBIT INDEX

Exhibit No.            Description

Exhibit 99.1            Press release issued by the Company on August 1, 2007


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