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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 incorporation)   (Commission
File Number)		   (IRS Employer
Identification No.)

 

124 Cherry Street Pittsburgh, Pennsylvania   15223
(Address of principal executive offices)   (Zip 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 October 3, 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 October 3, 2024, the Board accepted the resignation of Dean Kolocouris, effective immediately.

 

Mr. Kolocouris cited health issues and family duties as the reason for his resignation.

 

Mr. Kolocouris 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: October 30, 2024   /s/ Joseph A. Riccelli
    Joseph A. Riccelli
    Interim Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

 

 

 

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Entity Tax Identification Number 03-0465528
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