{"url_path":"/sec/ivdn/10-k/2026/item-10","section_key":"item-10","section_title":"Item 10 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1190370/0001731122-26-000756-index.html","accession_number":"0001731122-26-000756","cik":"0001190370","ticker":"IVDN","issuer_name":"INNOVATIVE DESIGNS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1190370/0001731122-26-000756-index.html","primary_entity_key":"0001190370","primary_entity_name":"INNOVATIVE DESIGNS INC"},"word_count":743,"has_tables":true,"body_markdown":"ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.\n\n \n\nDirectors and Executive Officers\n\n \n\nOur executive officers are elected\nannually by our board of directors. A majority vote of the directors who are in office is required to fill vacancies on the board. Each\ndirector shall be elected for the term of one (1) year and until his successor is elected and qualified, or until his earlier resignation\nor removal. The directors named below will serve until the next annual meeting of our shareholders or until a successor is elected and\nhas accepted the position.\n\n \n\nOur directors and executive officers are as follows:\n\n \n\nName Age Position Term\n\n \n\nMr. Riccelli Sr has been our Chairman of the Board since our\ninception in June 2002. Mr. Riccelli was the owner of Pittsburgh Foreign and Domestic, a sole proprietor car dealership located in Glenshaw,\nPennsylvania. He attended Point Park College located in Pittsburgh, Pennsylvania from 1971 to 1972.\n\n \n\nMr. Riccelli Jr has been with the\ncompany since our inception in June 2002. Mr. Riccelli was Vice President of Operations form 2002 till he was named acting CEO on October\n3, 2024, and was unanimously elected by the Board of Directors to become CEO and a Board Member on January 10, 2025. He replace the seat\nleft open when Mr. Kolocouris resigned on October 3, 2024. He attended the University of Pittsburgh from 2000 to 2002.\n\n \n\nMr. Rains has been a director since\nMarch 2007. Mr. Rains is currently Vice President of business development at McCarl’s, Inc., a mechanical contracting firm. He has\nheld this position for over fifteen years. From 1981 through 1987, Mr. Rains was a professional football player for the Chicago Bears.\nHe is a graduate of the University of Cincinnati. Mr. Rains has been in professional sports and in business for over twenty years. His\nexperience and knowledge of these fields are helpful to the Company. As the Company enters the building construction market with its House\nWrap product, Mr. Rains’ experience in that industry will be especially helpful.\n\n \n\nDr. Garlotta has been a director since February 2022. He\nis currently the Technical Director at Airex Rubber Products Corporation as well as a technical advisor for the Company. Prior to his\nrole at Airex Rubber Products Corporation, he worked at Lowe’s Home Improvement. He earned a Ph.D. in Polymer Science\n\n \n\n/Plastics Engineering from the University of Massachusetts at\nLowell. He also holds a Master of Science Degree in Polymer Science from the University of Massachusetts at Lowell and a Baccalaureate\nDegree in Polymer Science from Pennsylvania State University.\n\n \n\nDr. Garlotta is an author or co-author of several peer-reviewed\npublications and patents related to biopolymers. He also has experience developing elastomers, water-soluble polymers, syntactic polymer\nfoams and hands-on experience with extrusion and injection molding of plastics.\n\n \n\n 18\n\n \n\n \n\nMr. Spagnolo Jr. was unanimously elected\nto the Board of Directors on January 10, 2025 to fill the seat left open after Robert Adams resigned. An accomplished real estate investor\nand developer. For over 20 years Mr. Spagnolo, Jr. has been successful in building high end homes, residential and commercial properties\nand other development projects. Most notably, over the course of his career, Mr. Spagnolo, Jr. has nurtured relationships with key contacts\nat some of the most important companies in the multi-billion dollar homebuilding and construction industry.\n\n \n\nDelinquent Section 16(a) Reports.\n\n \n\nJohn Spagnolo Jr filed\na Form 4 late.\n\n \n\nAudit Committee\n\n \n\nWe do not have a separate standing Audit Committee. Therefore,\nour entire Board of Directors acts as the Audit Committee.\n\n \n\nNominating and Compensation Committees\n\n \n\nWe do not have either a nominating\ncommittee or a compensation committee. The basis for the Board of Directors to not have a nominating committee is the fact that our principal\nstockholder who is also our CEO and Chairman of the Board controls approximately thirty-four percent of the voting stock. And the Company\nhas never held an Annual Meeting of stockholders. New board members are recommended to the Board by the Chairman of the Board.\n\n \n\nBoard of Directors Meetings\n\n \n\nDuring the last full fiscal year, there were 1\nmeetings of the Board of Directors.\n\n \n\nCode of Ethics\n\n \n\nWe have not, as yet adopted a code of ethics. We have\nonly one full time executive officer/ chief financial officer who also acts as our principal accounting officer. To date, our operations\nhave been so minimal and our staff so small that we have not considered a formal standard relating to the conduct of our personnel."}