Innovative Designs voided prior board meeting; CEO/CFO Riccelli Sr. resigns, son appointed interim

INNOVATIVE DESIGNS INC

On Oct 3, 2024, Board voided Sep 26 meeting actions due to improper notice, invalidating prior 8-K filed Sep 27.
Joseph Riccelli, Sr. resigned as CEO, CFO, Principal Accounting Officer; remains Chairman.
Joseph A. Riccelli (son) appointed interim CEO, CFO, Principal Accounting Officer; previously VP Operations for 15 years.
Compensation: $2,000/week plus warrant for 100,000 shares at $0.12/share for 3 years.

item 5.02

Executive movements

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

Appointed (interim)

Joseph A. Riccelli

Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

IVDN · INNOVATIVE DESIGNS INC

Effective: 2024-10-03
Filed: October 9, 2024, 7:59 PM ET

The Board also appointed Joseph A. Riccelli to serve as the registrant’s Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, effective immediately.

Departed

Joseph Riccelli, Sr.

Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

IVDN · INNOVATIVE DESIGNS INC

Effective: 2024-10-03
Successor: Joseph A. Riccelli
Filed: October 9, 2024, 7:59 PM ET

the Board accepted the resignation of Joseph Riccelli, Sr. as the registrant’s Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph A. Riccelli was appointed as Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer at INNOVATIVE DESIGNS INC.

Action: appointed
Role: Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

Exact text from the filing

The Board also appointed Joseph A. Riccelli to serve as the registrant’s Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Riccelli, Sr. resigned as Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer at INNOVATIVE DESIGNS INC.

Action: resigned
Role: Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer

Exact text from the filing

the Board accepted the resignation of Joseph Riccelli, Sr. as the registrant’s Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, effective immediately.

View on SEC.gov

INNOVATIVE DESIGNS INC filing history →

Source: SEC EDGAR

accession 0001731122-24-001570

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