-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VWvXK5N1wNTSSCG2EXto7SU2wqPTO3ZUz4CnrAckYK6UHsyz/KSO43OUGOwL5e2+ lO4HSX7/JXH/O9IgoFJX1g== 0000912057-02-016628.txt : 20020425 0000912057-02-016628.hdr.sgml : 20020425 ACCESSION NUMBER: 0000912057-02-016628 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020425 ITEM INFORMATION: Other events FILED AS OF DATE: 20020425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORWARD INDUSTRIES INC CENTRAL INDEX KEY: 0000038264 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 131950672 STATE OF INCORPORATION: NY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-06669 FILM NUMBER: 02621523 BUSINESS ADDRESS: STREET 1: 400 POST AVENUE CITY: WESTBURY STATE: NY ZIP: 11590 BUSINESS PHONE: 5163380700 MAIL ADDRESS: STREET 1: 400 POST AVENUE CITY: WESTBURY STATE: NY ZIP: 11590 FORMER COMPANY: FORMER CONFORMED NAME: PROGRESS HEAT SEALING CO INC DATE OF NAME CHANGE: 19721111 8-K/A 1 a2078026z8-ka.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 25, 2002 FORWARD INDUSTRIES, INC. -------------------------------------------------- (Exact Name of Registrant as Specified in Charter) New York 0-6669 13-1950672 (State or Other (Commission File (IRS Employer Jurisdiction of Number) Identification No.) Incorporation) 1801 Green Road Suite E Pompano Beach, Florida 33064 -------------------------------------------------- (Address of Principal Executive Offices) Registrant's Telephone Number, including area code: (954) 360-6420 -------------------------- -------------------------------------------------- (Former Address, if changed since last report) EXPLANATORY NOTE Forward Industries, Inc. (the "Company") is filing this amendment to its Current Report on Form 8-K, as filed with the to the Securities and Exchange Commission on April 16, 2002, to provide updated information with respect to an agreement between Mr. Jeffrey Kuhr, a director of the Company, and Atlantis Equities Inc. (Atlantis). The paragraph below replaces the third paragraph of the previously filed Form 8-K in its entirety. The third sentence in the paragraph reflects the updated information. ITEM 5: OTHER EVENTS In connection with the Settlement Agreement, on April 11, 2002, the Company and Atlantis entered into a letter agreement pursuant to which, under certain circumstances, if the Company, within a 24-month period from the date of the letter agreement, were to consummate a business combination with a company introduced to the Company by Atlantis, Atlantis would be entitled to a fee equal to 10% of the aggregate consideration paid in connection with such business combination. Mr. Ellin is the principal shareholder, a director and an officer of Atlantis Equities. Mr. Jeffrey Kuhr, a director and nominee for election as director at the Company's May 24, 2002 annual meeting, has advised the Company that he has entered into an arrangement with Atlantis pursuant to which he is entitled to 50% of the fee payable to Atlantis under this letter agreement. In addition, under the Settlement Agreement the Company and each member of the Ellin Group exchanged general releases and the Company remitted $100,000 to attorneys for Mr. Ellin in respect of legal fees and disbursements incurred in connection with the disagreements arising between the Ellin Group and the Company during the 18 months preceding the date of the Settlement Agreement. 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: April 25, 2002 FORWARD INDUSTRIES, INC. By: /s/ Jerome E. Ball --------------------------------------- Name: Jerome E. Ball Title: Chariman and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----