Unassociated Document
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) March 28, 2008
Innovative
Designs, Inc.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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(State
or other jurisdiction of
Incorporation)
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000-5179
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03-0465528
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(Commission
File Number)
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(IRS
Employer Identification
No.)
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223
North Main Street, Suit 1, Pittsburgh,
Pennsylvania
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15215
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (412) 799-0350
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(Former
name or former address, if changed since
last report)
|
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:
□ Written
communication 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))
Item
5.02 Departure
of Directors or Certain Officers.
On
March
27, 2008, the registrant was informed by Mr. Anthony Fonzi that effective
March
24, 2008, he was resigning his position as the registrant’s Chief Financial
Officer and principal accounting officer. Mr. Fonzi also resigned from the
Board
of Directors. In his letter of resignation, Mr. Fonzi stated, in part, “Due to
overwhelming odds in my personal life, I find I cannot execute my duties
in a
professional and timely manner.” Mr. Fonzi went on to offer any assistance
needed in order to make this a smooth transition. As previously reported,
Mr.
Joseph Riccelli the registrant’s Chief Executive Officer will assume the duties
of Chief Financial Officer and principal accounting officer. Mr. Riccelli
will
do so until a replacement can be appointed.
SIGNATURES
Pursuant
to 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.
Dated:
March
28,
2008
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Innovative Designs, Inc. |
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Registrant |
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By: |
/s/ Joseph Riccelli |
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Joseph Riccelli |
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Title: |
Chief Executive
Officer |