UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): February 6, 2006 (January 31, 2006) Innovo Group Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation) 0-18926 11-2928178 (Commission File Number) (IRS Employer Identification No.) 5804 East Slauson Avenue, Commerce, California 90040 (Address of Principal Executive Offices) (Zip Code) (323) 725-5516 (Registrant's Telephone Number, Including Area Code) N/A (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)) ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On February 2, 2006, Innovo Group Inc., or the Company, received a Nasdaq Staff Deficiency Letter from the Nasdaq Listing Qualifications Department indicating that the Company fails to comply with the independent director requirement for continued listing set forth in NASD Marketplace Rule 4350(c)(1). The Company failed to comply with this independent director requirement due to the resignation of Mr. Vincent Sanfilippo, as discussed in Item 5.02 below. Nasdaq Staff has informed the Company that, consistent with NASD Marketplace Rule 4350(c)(1), the Company has until the earlier of (i) its next annual meeting of stockholders or (ii) January 31, 2007 in order to regain compliance. In the event the Company does not regain compliance within this period, Nasdaq will provide written notification that its securities will be delisted. The Company intends to interview candidates to replace Mr. Sanfilippo and intends to regain compliance with NASD Marketplace Rule 4350(c)(1) within the compliance period. On February 6, 2006, the Company issued a press release, which is attached hereto and incorporated herein by reference as Exhibit 99.1 to this Current Report on Form 8-K, regarding the notice of deficiency. ITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On January 31, 2006, the Company received written correspondence from Mr. Vincent Sanfilippo indicating that Mr. Sanfilippo was resigning his position as a member of our Board of Directors effective as of that day. Mr. Sanfilippo was a member of the Audit Committee and Compensation and Governance Committee. Mr. Sanfilippo's resignation is not the result of a disagreement with management. A copy of the correspondence is attached as Exhibit 17.1 to this Current Report on Form 8-K. In his correspondence, Mr. Sanfilippo indicated that he is resigning due to an imminent transaction that will result in a change of business circumstances of his employer. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits. Exhibit Number Description 17.1 Correspondence from Director dated January 31, 2006 99.1 Press Release dated February 6, 2006 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 thereunto duly authorized. INNOVO GROUP INC. (Registrant) Date: February 6, 2006 By: /s/ Marc Crossman Marc Crossman Interim Chief Executive Officer, President, Chief Financial Officer and Director (Principal Executive Officer and Principal Financial Officer) Exhibit Index Exhibit Number Description 17.1 Correspondence from Director dated January 31, 2006. 99.1 Press Release dated February 6, 2006