-----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, VGwgtwpuqlaORxzeznHobUU0mTnjWUgg1laMk+MU6XgjA9FRqbz8/dw41eV0Uhb6 TYqadLaP+qtS8sYnRlxybw== 0000844143-05-000017.txt : 20050415 0000844143-05-000017.hdr.sgml : 20050415 20050415125629 ACCESSION NUMBER: 0000844143-05-000017 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050415 DATE AS OF CHANGE: 20050415 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: 1934 Act SEC FILE NUMBER: 005-41664 FILM NUMBER: 05752914 BUSINESS ADDRESS: STREET 1: 5804 EAST SLAUSON AVENUE STREET 2: - CITY: COMMERCE STATE: CA ZIP: 90040 BUSINESS PHONE: 3237255516 MAIL ADDRESS: STREET 1: 5804 EAST SLAUSON AVENUE STREET 2: - CITY: COMMERCE STATE: CA ZIP: 90040 FORMER COMPANY: FORMER CONFORMED NAME: ELORAC CORP DATE OF NAME CHANGE: 19901009 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AZTECA PRODUCTION INTERNATIONAL INC CENTRAL INDEX KEY: 0001283105 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SC 13D/A 1 inno13d_041405.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 9)* INNOVO GROUP INC. (Name of Issuer) Common Stock, Par Value $0.10 Per Share (Title of Class of Securities) 457954600 (CUSIP Number) Samuel J. Furrow, Jr. Innovo Group Inc. 5804 East Slauson Avenue Commerce, California 90040 (323) 725-5516 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 5, 2005 (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 that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d- 1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following page(s) Page 1 of 8 Pages 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). AZTECA PRODUCTION INTERNATIONAL, INC. 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Source of Funds (See Instructions) Not Applicable 6 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization California 7 Sole Voting Power Number of 3,442,508 Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 3,442,508 With 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,442,508 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13 Percent of Class Represented By Amount in Row (11) 10.87% 14 Type of Reporting Person (See Instructions) OO Page 2 of 8 Pages 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). HUBERT GUEZ 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Source of Funds (See Instructions) Not Applicable 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization UNITED STATES 7 Sole Voting Power Number of 1,837,287 Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 1,837,287 With 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 1,837,287 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13 Percent of Class Represented By Amount in Row (11) 5.80% 14 Type of Reporting Person (See Instructions) IN Page 3 of 8 Pages 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). PAUL GUEZ 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [X] 3 SEC Use Only 4 Source of Funds (See Instructions) Not Applicable 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6 Citizenship or Place of Organization UNITED STATES 7 Sole Voting Power Number of 2,921,312 Shares Beneficially 8 Shared Voting Power Owned By 0 Each Reporting 9 Sole Dispositive Power Person 2,921,312 With 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,921,312 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [X] 13 Percent of Class Represented By Amount in Row (11) 9.22% 14 Type of Reporting Person (See Instructions) IN Page 4 of 8 Pages This Amendment No. 9 to Schedule 13D relates to shares of Common Stock, par value $0.10 per share (the "Shares") of Innovo Group, Inc. (the "Issuer"). This Amendment No. 9 supplementally amends the initial statement on Schedule 13D, dated November 30, 2000 (the "Initial Statement") Amendment No. 1 to Schedule 13D, dated July 11, 2003 and filed on October 29, 2003 ("Amendment No. 1"), Amendment No. 2 to Schedule 13D, dated September 18, 2003 and filed on December 18, 2003, ("Amendment No. 2"), Amendment No. 3 to Schedule 13D, dated September 18, 2003 and filed on January 20, 2004 ("Amendment No. 3"), Amendment No. 4 to Schedule 13D, dated March 5, 2004 and filed on March 9, 2004 ("Amendment No. 4"), Amendment No. 5 to Schedule 13D, dated April 2, 2004 and filed on April 28, 2004 ("Amendment No. 5"), Amendment No. 6 to Schedule 13D, dated April 29, 2004 and filed on May 11, 2004 ("Amendment No. 6"), Amendment No. 7 to Schedule 13D, dated May 13, 2004 and filed on May 18, 2004 ("Amendment No. 7"), and Amendment No. 8 to Schedule 13D, dated March 15, 2005 and filed on March 16, 2005 ("Amendment No. 8") filed by the Reporting Persons (as defined herein). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Initial Statement. The Initial Statement is supplementally amended as follows. Item 2. Identity and Background. This Statement is being filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Azteca Production International, Inc. ("Azteca") ii) Mr. Hubert Guez ("Mr. Hubert Guez"); and iii) Mr. Paul Guez ("Mr. Paul Guez"). This Statement relates to the Shares held for the accounts of Commerce Investment Group, LLC ("Commerce"), Azteca, S.H.D. Investments, LLC, a California limited liability company ("SHD"), Integrated Apparel Resources,LLC, a California limited liability company ("Integrated"), and Mr. Hubert Guez. Item 5. Interest in Securities of the Issuer. On April 5, 2005, Mr. Paul Guez, on behalf of shares held solely by him for the account of Commerce, a less than 5% stockholder as of the date of Amendment No. 8, Azteca, SHD, and Integrated reported a series of certain sales of Shares of stock of the Issuer. The sale of Shares by Mr. Paul Guez resulted in the change, in the aggregate, in more than 1% of the Shares held by such entities prior to the commencement of the sales. As a result of these sales and in order to comply with the Securities Exchange Act of 1934, as amended, the Reporting Persons wish to reflect these changes herein. As a result, the text of Item 5 of Amendment No. 8 is deleted in its entirety and is replaced with the following: The Reporting Persons have been informed that there were 31,677,810 Shares outstanding as of April 11, 2005, according to the Quarterly Report on Form 10-Q filed by the Issuer on April 12, 2005. Page 5 of 8 Pages (a) (i) Azteca may be deemed the beneficial owner of 3,442,508 Shares (approximately 10.87% of the total number of Shares outstanding). This number consists of A) 1,513,387 Shares held for its account of which Mr. Hubert Guez may be deemed to have the sole power to direct the voting and disposition of such Shares on behalf of Azteca, and B) 1,929,121 Shares held for its account of which Mr. Paul Guez may be deemed to have the sole power to direct the voting and disposition of such Shares on behalf of Azteca. (ii) Mr. Hubert Guez may be deemed the beneficial owner of 1,837,287 Shares (approximately 5.80% of the total number of Shares outstanding and assuming the exercise of warrants held for the account of Commerce). This number consists of A) 23,900 Shares held for his personal account, B) 300,000 Shares issuable upon the exercise of warrants held for the account of Commerce, of which Mr. Hubert Guez may be deemed to have the sole power to direct the voting and disposition of such Shares, and C) 1,513,387 Shares held for the account of Azteca, of which Mr. Hubert Guez may be deemed to have the sole power to direct the voting and disposition of such Shares. (iii) Mr. Paul Guez may be deemed the beneficial owner of 2,921,312 Shares (approximately 9.22% of the total number of Shares outstanding). This number consists of A) 149,101 Shares held for the account of SHD, of which Mr. Paul Guez may be deemed to have the sole power to direct the voting and disposition of such Shares, B) 1,929,121 Shares held for the account of Azteca, of which Mr. Paul Guez may be deemed to have the sole power to direct the voting and disposition of such Shares, and C) 843,090 Shares held for the account of Integrated, of which Mr. Paul Guez may be deemed to have the sole power to direct the voting and disposition of such Shares. (b) (i) Azteca, through Mr. Paul Guez, may be deemed to have sole voting power to direct the voting and disposition of 1,929,121 Shares held for its account and through Mr. Hubert Guez, may be deemed to have the sole voting and disposition of the 1,513,387 Shares held for its account. (ii) Mr. Hubert Guez may be deemed to have the sole power to direct the voting and disposition of the A) 23,900 Shares held for his personal account, B) 300,000 Shares held for the account of Commerce (assuming the exercise of warrants held for the account of Commerce) and C) 1,513,387 Shares held for the account of Azteca. (iii) Mr. Paul Guez may be deemed to have the sole power to direct the voting and disposition of the A) 1,929,121 Shares held for the account of Azteca; B) 149,101 Shares held for the account of SHD, and C) 843,090 Shares held for the account of Integrated. Page 6 of 8 Pages (c) (i) The following transactions in Common Stock were effected or reported by Mr. Paul Guez in the past 60 days, on behalf of Commerce's Shares that he may be deemed to have the sole power to direct the voting and disposition and the right to receive the proceeds from the sale of such Shares, and are noted below. Upon a review of the accounts, it came to Mr. Paul Guez's attention that a certain previous sale in May 2004 had inadvertently not been reported on a Form 4 or Schedule 13D. As a result, Mr. Guez reported such transaction late to correct the mistake. Except as otherwise stated herein, there have been no transactions effected with respect to the Shares in the past 60 days that represented a change in greater than 1% of the Shares by any of the Reporting Persons. Immediately prior to the sales of the Shares, Mr. Paul Guez may have been deemed to have the sole power to direct the voting and disposition of 23,418 Shares held for the account of Commerce. All such sales have been reported on a Form 4 by Mr. Paul Guez. Mr. Paul Guez is no longer subject to Section 16 reporting requirements. Dates Number of Transaction Price per Where and How ----- Shares ----------- Share Transaction ------ ----- Effected ------ 5/03/2004 23,418 Sale $1.67 Open Market Sales of securities registered for resale (ii) The following transactions in Common Stock were effected or reported by Mr. Paul Guez in the past 60 days, on behalf of Azteca's Shares that he may be deemed to have the sole power to direct the voting and disposition and the right the receive the proceeds from the sale of such Shares, and are noted below. Upon a review of the accounts, it came to Mr. Paul Guez's attention that a certain previous sales in May 2004 had inadvertently not been reported on a Form 4 or Schedule 13D. As a result, Mr. Guez reported such transactions late to correct the mistake. Except as otherwise stated herein, there have been no transactions effected with respect to the Shares in the past 60 days that represented a change in greater than 1% of the Shares by any of the Reporting Persons. Immediately prior to the sales of the Shares, Mr. Paul Guez may have been deemed to have the sole power to direct the voting and disposition of 2,200,000 Sharesheld for the account of Commerce. All such sales have been reported on a Form 4 by Mr. Paul Guez. Mr. Paul Guez is no longer subject to Section 16 reporting requirements. Dates Number of Transaction Price per Where and How ----- Shares ----------- Share Transaction ------ ----- Effected -------- 5/03/2005 270,879 Sale From $1.55 Open Market to to $5.18 Sales of 4/01/2005 securities registered for resale (iii) The following transactions in Common Stock have been effected or reported by Mr. Paul Guez, on behalf of Integrated's Shares that he may be deemed to have the sole power to direct the voting and disposition and the right the receive the proceeds from the sale of such Shares, and are noted below in the past 60 days. Except as otherwise stated herein, there have been no transactions effected with respect to the Shares in the past 60 days that represented a change in greater than 1% of the Shares by any of the Reporting Persons. Immediately prior to the sales of the Shares, Mr. Paul Guez may have been deemed to have the sole power to direct the voting and disposition of 1,149,204 Shares held for the account of Integrated. All such sales have been reported on a Form 4 by Mr. Paul Guez. Mr. Paul Guez is no longer subject to Section 16 reporting requirements. Dates Number of Transaction Price per Where and How ----- Shares ----------- Share Transaction ------ ----- Effected -------- 2/10/2005 306,114 Sale From $4.20 Open Market to to $5.39 Sales of 4/01/2005 securities registered for resale Page 7 of 8 Pages (iv) The following transactions in Common Stock have been effected by Mr. Paul Guez, on behalf of SHD's Shares that he may be deemed to have the sole power to direct the voting and disposition and the right the receive the proceeds from the sale of such Shares, and are noted below in the past 60 days. Except as otherwise stated herein, there have been no transactions effected with respect to the Shares in the past 60 days that represented a change in greater than 1% of the Shares by any of the Reporting Persons. Immediately prior to the sales of the Shares, Mr. Paul Guez may have been deemed to have the sole power to direct the voting and disposition of 174,101 Shares held for the account of SHD. Mr. Paul Guez is no longer subject to Section 16 reporting requirements. Date Number of Transaction Price per Where and How ---- Shares ----------- Share Transaction ------ ----- Effected -------- 4/13/2005 25,000 gift n/a Gift to son who does not share reporting person's house (d) (i) The shareholders of Commerce, including Mr. Hubert Guez and Mr. Paul Guez, have the right to participate in the receipt of dividends from, or proceeds from the sales of, the securities held for the account of Commerce only in accordance with their right to exercise voting and investment control over the shares so held by such person for the account of Commerce. (ii) The shareholders of Azteca, including Mr. Hubert Guez and Mr. Paul Guez, have the right to participate in the receipt of dividends from, or proceeds from the sales of, the securities held for the account of Azteca only in accordance with their right to exercise voting and investment control over the shares so held by such person in Azteca. (iii) The shareholders of Integrated, including Mr. Hubert Guez and Mr. Paul Guez, have the right to participate in the receipt of dividends from, or proceeds from the sales of, the securities held for the account of Integrated only in accordance with their right to exercise voting and investment control over the shares so held by such person in Integrated. (iv) The shareholders of SHD, including Mr. Paul Guez, have the right to participate in the receipt of dividends from, or proceeds from the sales of, only in accordance with their right to exercise voting and investment control over the shares so held by such person in SHD. Page 8 of 8 Pages SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. Date: April 14, 2005 AZTECA PRODUCTION INTERNATIONAL, INC. By: /s/ Paul Guez --------------- Paul Guez Joint-owner Date: April 14, 2005 HUBERT GUEZ By: /s/ Hubert Guez --------------- Hubert Guez Date: April 14, 2005 PAUL GUEZ By: /s/ Paul Guez ------------- Paul Guez -----END PRIVACY-ENHANCED MESSAGE-----