SEC 8-K News



2024-09-27 13:42:14

Innovative Designs, Inc. announced the immediate termination of Mr. Joseph Riccelli as Chief Executive Officer and Chief Financial Officer on September 26, 2024. On the same day, John L. Thomas, Esq was appointed as the Chief Executive Officer, Chief Financial Officer, and corporate counsel. Mr. Thomas has been with the company as securities counsel for over fifteen years. With over forty years of legal practice and former experience as a Senior Attorney at the Division of Corporation Finance, Mr. Thomas's educational background includes a law degree and an MBA. He will serve part-time for six months, earning $2,000 per week and receiving a warrant to purchase 100,000 company shares at $0.12 each, valid for three years with a cashless exercise option. Additionally, Mr. Robert K. Adams was appointed as Chairman of the Board of Directors.

  • Names: Innovative Designs, Inc., Joseph Riccelli, John L. Thomas, Esq, Robert K. Adams
  • Institution: U.S. Securities and Exchange Commission
  • Degree Institutions: Franklin Piere Laws Center, New Hampshire College