8-K
INNOVATIVE DESIGNS INC (IVDN)
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) October 3, 2024
Innovative Designs, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 000-51791 | 03-0465528 |
|---|---|---|
| (State or other jurisdiction of | (Commission | (IRS Employer |
| incorporation) | File Number) | Identification No.) |
| 124<br> Cherry Street Pittsburgh, Pennsylvania | 15223 | |
| --- | --- | |
| (Address<br> of principal executive offices) | (Zip<br> Code) |
Registrant’s telephone number, including area code (412) 799-0350
Former name or former address, if changed since last
report:
Not Applicable
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 (see General Instruction A.2. below):
☐ 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 (§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 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 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 16, 2024 the Board of Directors of the registrant (the “Board”) held a special meeting for the purpose of formally accepting a resignation of a then current member of the Board of Directors.
On December 16, 2024, the Board accepted the resignation of Robert Adams, effective immediately.
Mr. Adams cited personal disagreements with other Board Directors regarding the direction of the Company as the reason for his resignation.
Mr. Adams has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
SIGNATURE
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.
| Innovative<br>Designs, Inc. | |
|---|---|
| (Registrant) | |
| Date:<br>December 16, 2024 | /s/<br>Joseph A. Riccelli |
| Joseph<br>A. Riccelli | |
| Interim<br>Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer |