Forward Industries, Inc. (NASDAQ:FORD) Files An 8-K Entry into a Material Definitive Agreement

Forward Industries, Inc. (NASDAQ:FORD) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01 Entry into a Material Definitive Agreement

On May 9, 2017, Forward Industries, Inc. (Forward) and Forward
Industries (Asia-Pacific) Corporation (Forward China), a company
principally owned by Forwards largest shareholder and Chairman of
the Board of directors, amended that certain Buying Agency and
Supply Agreement dated September 9, 2015 (the Agreement). The
Agreement was amended to suspend the payment to Forward China of
4% of the Adjusted Gross Profit of all products sold under the
Agreement effective April 1, 2017 until the earlier of: (i) the
end of Forwards 2017 fiscal year end (September 30, 2017); and
(ii) Forward China and Forward renegotiate the Service Fee as
provided for in the Agreement. The base monthly Service Fee
payment of $100,000 will still be due to Forward China.

Item 2.02. Results of Operations and Financial
Condition

On May 12, 2017, Forward issued a press release announcing the
results of operations for the Company for the three and six
months ended March 31, 2017. A copy of such press release is
furnished as Exhibit99.1 to this report.

The information in Item2.02 of this report, including the
information in the press release attached as Exhibit99.1 to this
report, is furnished to Item2.02 of Form8-K and shall not be
deemed filed for the purposes of Section18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of
that section. Furthermore, the information in Item2.02 of this
report, including the information in the press release attached
as Exhibit99.1 to this report, shall not be deemed to be
incorporated by reference in the filings of the registrant under
the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.

Exhibit

99. 1 Press release dated May 12, 2017


About Forward Industries, Inc. (NASDAQ:FORD)

Forward Industries, Inc. designs and distributes carry and protective solutions, primarily for hand held electronic devices, including soft-sided carrying cases, bags, clips, hand straps, protective plates and other accessories. The Company operates in the design and distribution of carry and protective solutions, primarily for hand held electronic devices segment. Its original equipment manufacturer (OEM) products include carrying cases and other accessories for blood glucose monitoring kits and various other portable electronic and non-electronic products. Its carrying cases are designed to enable the devices to be stowed in a pocket, handbag, briefcase, or backpack, clipped to a belt or shoulder strap, or strapped to an arm. Its products include Diabetic products and Other products. The Company, through its subsidiaries, Forward US and Forward Switzerland, distributes and sells its products across the world.

Forward Industries, Inc. (NASDAQ:FORD) Recent Trading Information

Forward Industries, Inc. (NASDAQ:FORD) closed its last trading session up +0.19 at 1.30 with 11,186 shares trading hands.

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