Innovative Designs Inc. Reports Director and Officer Changes
Ticker: IVDN · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1190370
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Innovative Designs Inc. (INDS) filed an 8-K detailing board and executive changes effective Oct 3, 2024.
AI Summary
Innovative Designs, Inc. filed an 8-K on October 3, 2024, reporting changes in its board of directors and executive officers, including the election of new directors and the appointment of certain officers. The filing also details compensatory arrangements for these key individuals. The company is incorporated in Delaware and headquartered in Pittsburgh, Pennsylvania.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of corporate governance changes and does not involve significant financial transactions or operational disruptions.
Key Players & Entities
- Innovative Designs, Inc. (company) — Registrant
- October 3, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Pittsburgh, Pennsylvania (location) — Address of principal executive offices
- 124 Cherry Street (address) — Principal executive office street address
FAQ
What specific changes were made to the board of directors and executive officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but the specific names and details of these changes are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 3, 2024.
What is the principal business address of Innovative Designs, Inc.?
The principal executive offices of Innovative Designs, Inc. are located at 124 Cherry Street, Suite 1, Pittsburgh, Pennsylvania 15223.
In which state is Innovative Designs, Inc. incorporated?
Innovative Designs, Inc. is incorporated in Delaware.
What is the SIC code for Innovative Designs, Inc.?
The Standard Industrial Classification (SIC) code for Innovative Designs, Inc. is 2390, which falls under MISCELLANEOUS FABRICATED TEXTILE PRODUCTS.
Filing Stats: 440 words · 2 min read · ~1 pages · Grade level 12.4 · Accepted 2024-12-30 14:56:45
Filing Documents
- e6245_8-k.htm (8-K) — 22KB
- 0001731122-24-002059.txt ( ) — 185KB
- ivdn-20241003.xsd (EX-101.SCH) — 3KB
- ivdn-20241003_lab.xml (EX-101.LAB) — 33KB
- ivdn-20241003_pre.xml (EX-101.PRE) — 24KB
- e6245_8-k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain
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 Designs, Inc. (Registrant) Date: December 16, 2024 /s/ Joseph A. Riccelli Joseph A. Riccelli Interim Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer