Innovative Designs terminates CEO Joseph Riccelli; appoints John Thomas as part-time CEO/CFO

INNOVATIVE DESIGNS INC

Joseph Riccelli terminated as CEO and CFO effective September 26, 2024.
John L. Thomas appointed CEO, CFO and corporate counsel; six-month part-time role at $2,000/week.
Thomas receives warrant for 100,000 shares at $0.12, three-year term with cashless exercise.
Robert K. Adams appointed Chairman of the Board.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Joseph Riccelli

Chief Executive Officer and Chief Financial Officer

IVDN · INNOVATIVE DESIGNS INC

Effective: 2024-09-26
Successor: John L. Thomas
Filed: September 27, 2024, 7:59 PM ET

On September 26. 2024, the Board of Directors of the registrant terminated Mr. Joseph Riccelli as the registrant’s Chief Executive Officer and Chief Financial Officer effective immediately.

Appointed

John L. Thomas

Chief Executor Officer, Chief Financial Officer and corporate counsel

IVDN · INNOVATIVE DESIGNS INC

Effective: 2024-09-26
Filed: September 27, 2024, 7:59 PM ET

On the same date the Board of Directors appointed John L. Thomas, Esq as the registrant’s Chief Executor Officer, Chief Financial Officer and corporate counsel.

Appointed

Robert K. Adams

Chairman of the Board of Directors

IVDN · INNOVATIVE DESIGNS INC

Effective: 2024-09-26
Filed: September 27, 2024, 7:59 PM ET

On the same date, the Borad of Directors appointed Mr. Robert K. Adams as Chairman of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph Riccelli was terminated as Chief Executive Officer and Chief Financial Officer at INNOVATIVE DESIGNS INC.

Action: terminated
Role: Chief Executive Officer and Chief Financial Officer

Exact text from the filing

On September 26. 2024, the Board of Directors of the registrant terminated Mr. Joseph Riccelli as the registrant’s Chief Executive Officer and Chief Financial Officer effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John L. Thomas was appointed as Chief Executor Officer, Chief Financial Officer and corporate counsel at INNOVATIVE DESIGNS INC.

Action: appointed
Role: Chief Executor Officer, Chief Financial Officer and corporate counsel

Exact text from the filing

On the same date the Board of Directors appointed John L. Thomas, Esq as the registrant’s Chief Executor Officer, Chief Financial Officer and corporate counsel.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert K. Adams was appointed as Chairman of the Board of Directors at INNOVATIVE DESIGNS INC.

Action: appointed
Role: Chairman of the Board of Directors

Exact text from the filing

On the same date, the Borad of Directors appointed Mr. Robert K. Adams as Chairman of the Board of Directors.

View on SEC.gov

INNOVATIVE DESIGNS INC filing history →

Source: SEC EDGAR

accession 0001731122-24-001507

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.