-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QiqVLqbWiINHfYP+mda9yot9R6J9FE1seq8gQ1wOBwBiHhmO8ulBNhJg82HF1Cds aRi41pYbgnhbG6+4lkcI/g== 0000844143-97-000026.txt : 19971121 0000844143-97-000026.hdr.sgml : 19971121 ACCESSION NUMBER: 0000844143-97-000026 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971120 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INNOVO GROUP INC CENTRAL INDEX KEY: 0000844143 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED TEXTILE PRODUCTS [2390] IRS NUMBER: 112928178 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-41664 FILM NUMBER: 97725036 BUSINESS ADDRESS: STREET 1: 27 N MAIN ST CITY: SPRINGFIELD STATE: TN ZIP: 37172 BUSINESS PHONE: 6153840100 MAIL ADDRESS: STREET 1: 27 N MAIN ST CITY: SPRINGFIELD STATE: TN ZIP: 37172 FORMER COMPANY: FORMER CONFORMED NAME: ELORAC CORP DATE OF NAME CHANGE: 19901009 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LASKO PATRICIA ANDERSON CENTRAL INDEX KEY: 0000928138 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 27 NORTH MAIN STREET CITY: SPRINGFIELD STATE: TN ZIP: 37172 BUSINESS PHONE: 6153840100 MAIL ADDRESS: STREET 1: 27 NORTH MAIN STREET CITY: SPRINGFIELD STATE: CA ZIP: 37172 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 5) Innovo Group Inc. _________________________ (Name of Issuer) Common Stock, Par Value $.01 Per Share _________________________ (Title of Class of Securities) 457954 50 1 _________________________ (CUSIP NUMBER) Jerry Sims, Esq; Sims Moss Kline & Davis LLP 410 Northpark Town Center, Suite 310 Atlanta, Georgia 30328 Telephone 770-481-7200 _________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 17, 1997 _________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with this statement [ ]. Page 1 of 5 pages. SCHEDULE 13D (AMENDMENT NO. 5) (Cover Page -- Part II) CUSIP NO. 457954 50 1 _________________________________________________________________ 1) Name of Reporting Person/S.S. or I.R.S. Identification No. of Above Person: Patricia Anderson-Lasko ________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group: (a) [ ] (b) [ ] ________________________________________________________________ 3) SEC Use Only ________________________________________________________________ 4) Source of Funds: OO and PF. See Item 3. ________________________________________________________________ 5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e): [ ] _______________________________________________________________ 6) Citizenship or Place of Organization: Tennessee ______________________________________________________________ Number of Shares 7) Sole Voting Power: Beneficially Owned 2,782,007 by Each Reporting ________________________________ Person With 8) Shared Voting Power: 79,432 ________________________________ 9) Sole Dispositive Power: 2,782,007 ________________________________ 10) Shared Dispositive Power: 79,432 ________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,861,439 shares ______________________________________________________________ 12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ] ______________________________________________________________ 13) Percent of Class Represented by Amount in Row (11): 6.5% ______________________________________________________________ 14) Type of Reporting Person: IN ______________________________________________________________ Item 1. Security and Issuer. This Amendment No. 5 ("this Amendment" or "Amendment No. 5) to the September 7, 1993 Schedule 13D (the "Original Schedule 13D") and the September 26, 1993 Amendment ("Amendment No. 1"), the July 22, 1994 Amendment ("Amendment No. 2"), the May 23, 1997 Amendment ("Amendment No. 3"), and the August 13, 1997 Amendment ("Amendment No. 4") to the original Schedule 13D of Patricia Anderson-Lasko (hereinafter referred to as "Ms. Anderson"), is filed with respect to the common stock, par value $.01 per share (the "Common Stock"), of Innovo Group Inc., a Delaware corporation (the "Company"). The principal executive offices of the Company are located at 27 North Main Street, Springfield, Tennessee 37172. Item 2. Identity and Background. This Schedule is filed on behalf of Patricia Anderson- Lasko, hereinafter referred to as "Ms. Anderson". Ms. Anderson is the President and a member of the board of directors of the Company, whose business address is 27 North Main Street, Springfield, Tennessee 37172. Ms. Anderson is a United States citizen. Item 3. Source and Amount of Funds or Other Consideration. Paragraphs 3 and 4 of Item 3 are amended to refer to 2,861,439 shares rather than 4,361,439 shares. The fifth paragraph of Item 3 is amended by adding to the end thereof the following: On November 17, 1997, the Company repurchased from Ms. Anderson 1,500,000 of the 4,000,000 Award shares for a purchase price of $.28125 per share. The purchase price was paid by the cancellation of the non-recourse promissory note, bearing no interest due April 30, 2002, delivered by Ms. Anderson to pay for the Award shares upon her exercise of the Award. The note was replaced by Ms. Anderson's delivery of a replacement note with identical terms but relating to the balance of 2,500,000 Award shares. Item 4. Purpose of Transaction Item 4 is amended to refer to the 2,861,439 shares of Common Stock reported by this Amendment. Item 5. Interest in Securities of the Issuer Item 5 is amended to refer to a total of 2,861,439 total shares beneficially owned after giving effect to the repurchase of 1,5000,000 Award shares as described in response to Item 3 above. The total of 2,861,439 shares constitutes approximately 6.5% of the 42,561,422 shares of the Common Stock outstanding at the date of filing this Amendment after giving effect to such repurchase. Except as described in Item 3 above, Ms. Anderson has not effected any transactions in the Common Stock during the past 60 days. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 is amended by adding to the end thereof the following: The members of the Smith Group waived their rights of first refusal with respect to the repurchase of the 1,500,000 Award shares described in response to Item 3 above. Item 7. Material to be filed as Exhibits None. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: November 20, 1997 /s/Patricia Anderson-Lasko ______________________________ Patricia Anderson-Lasko -----END PRIVACY-ENHANCED MESSAGE-----