{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-24-001507","form_type":"8-K","ticker":"IVDN","cik":"0001190370","company_name":"INNOVATIVE DESIGNS INC","filed_at":"2024-09-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.358242+00:00","generated_at":"2026-05-31T01:04:44.362271+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Innovative Designs terminates CEO Joseph Riccelli; appoints John Thomas as part-time CEO/CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-24-001507","json":"https://secwatch.observer/filing/0001731122-24-001507.json","markdown":"https://secwatch.observer/filing/0001731122-24-001507.md","text":"https://secwatch.observer/filing/0001731122-24-001507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1190370/000173112224001507/0001731122-24-001507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1190370/000173112224001507/e5991_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T01:04:44.362271+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"47aea52d38","claim":"Joseph Riccelli was terminated as Chief Executive Officer and Chief Financial Officer at INNOVATIVE DESIGNS INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1190370/000173112224001507/0001731122-24-001507-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"50e4e13367","claim":"John L. Thomas was appointed as Chief Executor Officer, Chief Financial Officer and corporate counsel at INNOVATIVE DESIGNS INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1190370/000173112224001507/0001731122-24-001507-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executor Officer, Chief Financial Officer and corporate counsel"}],"fact_type":"executive_change"},{"claim_id":"a367f05ab4","claim":"Robert K. Adams was appointed as Chairman of the Board of Directors at INNOVATIVE DESIGNS INC.","evidence_excerpt":"On the same date, the Borad of Directors appointed Mr. Robert K. Adams as Chairman of the Board of Directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1190370/000173112224001507/0001731122-24-001507-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board of Directors"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}