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): | April 13, 2007 |
Innovo Group Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 0-18926 | 11-2928178 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
5901 S Eastern Ave, Commerce, California | 90040 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 323-837-3700 |
Not Applicable
______________________________________________
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 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))
Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed in its Current Report on Form 8-K filed on October 19, 2006 and November 3, 2006, Innovo Group Inc. and its subsidiary, Joe’s Jeans, Inc. (collectively, the "Company"), entered into a Collateral Protection Agreement and a first amendment thereto ("CPA") with JD Holdings Inc. ("JD Holdings"), licensor for its Joe’s Jeans brand (the "Brand"). On April 13, 2007, the Company and JD Holdings entered into a Second Amendment to the CPA to amend Section 1.5.A of the CPA to change the date that it would have the CIT Collateral Documents (defined in the CPA as the Guaranty and Trademark Security Agreement between CIT Group/Commercial Services, Inc. ("CIT") and JD Holdings) terminated by CIT from April 13, 2007 to June 30, 2007.
Item 9.01 Financial Statements and Exhibits.
10.1 Second Amendment to Collateral Protection Agreement dated April 13, 2007
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.
Innovo Group Inc. | ||||
April 19, 2007 | By: |
/s/ Marc Crossman
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Name: Marc Crossman | ||||
Title: Chief Executive Officer, President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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10.1
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Second Amendment to Collateral Protection Agreement dated April 13, 2007 |