Current Report Filing (8-k)
October 30 2018 - 04:09PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
October
29, 2018
Forward Industries, Inc.
(Exact name of registrant as specified in its charter)
New York
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001-34780
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13-1950672
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(State or Other Jurisdiction
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(Commission
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(I.R.S. Employer
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of Incorporation)
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File Number)
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Identification No.)
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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:
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))
Indicate by check mark whether the registrant is an emerging
growth company as defined in in Rule 405 of the Securities Act of 1933 (
§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
.
Emerging growth
company
¨
If
an emerging growth company, indicate by checkmark 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 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers; Compensatory
Arrangements of Certain Officers
On October 29, 2018, the Board of
Directors (the “Board”) of Forward Industries, Inc. (the “Company”) appointed
Mr. James Ziglar to the Board. Mr. Ziglar was also appointed to the
Board’s Audit and Compensation Committees.
There is no arrangement or understanding
between Mr. Ziglar, and any other persons pursuant to which he was selected as
a director. Since the beginning of fiscal 2017 through the date hereof,
there have been no transactions with the Company, and there are currently no
proposed transactions with the Company in which the amount involved exceeds
$120,000 and in which Mr. Ziglar had or will have a direct or indirect material
interest within the meaning of Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On October 29, 2018, the Company received
written notice (the “Compliance Notice”) from The Nasdaq Stock Market
(“Nasdaq”) informing the Company that it has regained compliance with
Nasdaq Listing Rule 5605.
As previously disclosed, on April 25,
2018, the Company received a notification letter from Nasdaq indicating that,
as of April 20, 2018, the Company was no longer in compliance with Listing
Rules 5605(c)(2)(A) and 5065(d)(2)(A) (the “Rules”). The Rules require
the Company’s Audit Committee to have a minimum of three members and the
Compensation Committee to have a minimum of two members.
With the Compliance Notice,
Nasdaq informed the Company that it determined that with the appointment of Mr.
James Ziglar to the Company’s Board of Directors, Audit Committee and Compensation
Committee that the Company has regained compliance with the Rules.
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.
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FORWARD INDUSTRIES, INC.
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Date: October 30, 2018
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By:
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/s/ Michael Matte
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Name: Michael Matte
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Title: Chief Financial
Officer
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