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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): September 19, 2017

 

Forward Industries, Inc.

(Exact name of registrant as specified in its charter)

 

New York

 

001-34780

 

13-1950672

(State or Other Jurisdiction

 

(Commission

 

(I.R.S. Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

477 S. Rosemary Ave.  Ste. 219

West Palm Beach, Florida 33401

  (Address of Principal Executive Office) (Zip Code)

 

(561) 465-0030

(Registrant’s telephone number, including area code)

 

 

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:

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 


 

 



 

 

Item 1.01        Entry into a Material Definitive Agreement

 

On September 19, 2017, Forward Industries, Inc. (the “Company”) and Forward Industries (Asia-Pacific) Corporation (“Forward China”) agreed to extend that certain Buying Agency and Supply Agreement between the Company and Forward China dated September 9, 2015.  In consideration of $70,000 and the re-commencement of the 4% Service Fee, Forward China agreed to extend the initial Term of the Agreement from September 8, 2018 to March 8, 2019. 

 

Item 9.01        Financial Statements and Exhibits

 

(d) Exhibits.

 

   

Exhibit No. 

Exhibit

   
10.1 Forward China Extension Agreement dated September 19, 2017

 

 

 

 

 

 

 


 

 


 

 

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.

 

 

 

 

 

Date: September 22, 2017

By:

/s/ Michael Matte

 

 

 

Name: Michael Matte

 

 

 

Title:   Chief Financial Officer