---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001570"
form_type: "8-K"
ticker: "IVDN"
cik: "0001190370"
company_name: "INNOVATIVE DESIGNS INC"
filed_at: "2024-10-09T23:59:59+00:00"
generated_at: "2026-05-30T17:08:24.147090+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-24-001570
- form_type: 8-K
- ticker: IVDN
- cik: 0001190370
- company_name: INNOVATIVE DESIGNS INC
- filed_at: 2024-10-09T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1190370/000173112224001570/0001731122-24-001570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1190370/000173112224001570/e6018_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001570
- JSON: https://secwatch.observer/filing/0001731122-24-001570.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001570.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1190370/000173112224001570/0001731122-24-001570-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1190370/000173112224001570/0001731122-24-001570-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.