Current Report Filing (8-k)
November 04 2016 - 03:28PM
Edgar (US Regulatory)
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) November 4, 2016
Innovative
Designs, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of Incorporation)
000-51791
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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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124
Cheery St, Pittsburgh, Pennsylvania
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152223
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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
(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
8.01 0ther Events.
On
November 3, 2016, the Company was informed by the staff of the Federal Trade Commission (the “Commission”) that the
Commission has filed a complaint against the Company in the United States District Court Western District of Pennsylvania. In
the complaint the Commission alleges that, among other matters, the Company does not have substantiation of claims made by the
Company regarding the R value and energy efficiency of its INSULTEX House Wrap products.
The
Company strongly denies the allegations and intends to vigorously defend itself. It is the Company’s belief that the complaint
is based on improper testing of the INSULTEX products using the wrong type of testing equipment.
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:
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November 4, 2016
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Innovative
Designs, Inc.
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Registrant
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By:
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/s/ Joseph
Riccelli
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Joseph Riccelli
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Title:
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Chief Executive Officer
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