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): March 13, 2014
Forward Industries, Inc. (Exact Name of Registrant as Specified in Its Charter)
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New York |
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000-6669 |
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13-1950672 |
(State or other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
477 Rosemary Ave. Ste. 219 West Palm Beach, FL |
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33401 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (561) 465-0030
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(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 follow 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))
Item 1.01. Entry into a Material Definitive Agreement.
On March 13, 2014 Forward Industries, Inc., New York corporation (the Company), entered into Amendment No. 1 to Amended and Restated Buying Agency and Supply Agreement (the Amendment) with Forward Industries (Asia-Pacific) Corporation (formerly known as Seaton Global Corporation), a BVI corporation (Agent), dated as of March 11, 2014. The Amendment extends the term until March 11, 2015, and amends certain other provisions as provided therein. The Buying Agency and Supply Agreement, as amended, provides that, upon the terms and subject to the conditions set forth therein, Agent shall act as the Companys exclusive buying agent and supplier of Products (as defined in the agreement) in the Asia-Pacific region. The Company shall purchase products at Agents cost, and shall pay a service fee to Agent. Terence Wise, a director of the Company, is a principal of Agent.
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.
Dated: March 19, 2014 |
By: |
FORWARD INDUSTRIES, INC.
/s/ James O. McKenna |
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Name: |
James O. McKenna |
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Title: |
Chief Financial Officer |
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