Current Report Filing (8-k)

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) September 24, 2020

INNOVATIVE DESIGNS, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-51791		03-0465528
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

124 Cherry Street, Pittsburgh, PA		15223
(Address of principal executive offices)		(Zip Code)

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 (see General Instruction A.2. below):

☐ Written communications 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		IVDN		OTCQB

Item 8.01 Other Events

On September 24, 2020, a judgment was entered in favor of the registrant against the Federal Trade Commission (“FTC”) as to all claims set forth in the FTC complaint. It was further ordered that as there were no remaining claims in the action the case shall be marked as closed. The case was heard in the United States District Court for the Western District of Pennsylvania. Case no. 16-1669 and related to a complaint filed by the FTC against the registrant on November 4, 2016, which alleged, among other matters, that the registrant did not have substantiation for its claims regarding the R value and energy efficiency of its INSULTEX House Wrap products.

SIGNATURES

Pursuant to the requirements of 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.