UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Innovo Group Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.10 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
457954600
---------
(CUSIP Number)
December 31, 2004
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
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).
Page 1 of 13
CUSIP No. 457954600 13G Page 2 of 13 Pages
--------------------------------------------------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ----- ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,491,173 (see Item 4)
PERSON ----- ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,491,173 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,491,173 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 13
CUSIP No. 457954600 13G Page 3 of 13 Pages
--------------------------------------------------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,491,173 (see Item 4)
PERSON ------ ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,491,173 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,491,173 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 13
CUSIP No. 457954600 13G Page 4 of 13 Pages
--------------------------------------------------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,491,173 (see Item 4)
PERSON ------ ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,491,173 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,491,173 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 13
CUSIP No. 457954600 13G Page 5 of 13 Pages
--------------------------------------------------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 25,000 (see Item 4)
PERSON ------ ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than .1% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 13
CUSIP No. 457954600 13G Page 6 of 13 Pages
--------------------------------------------------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 25,000 (see Item 4)
PERSON ------ ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than .1% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 6 of 13
CUSIP No. 457954600 13G Page 7 of 13 Pages
--------------------------------------------------------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED ------ ----------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,516,173 (see Item 4)
PERSON ------ ----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,516,173 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,516,173 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.6% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 7 of 13
ITEM 1(A) NAME OF ISSUER:
--------------
Innovo Group Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
5804 East Slauson Avenue
Commerce, California 90040
ITEMS 2(A) NAME OF PERSON FILING:
---------------------
This statement is filed by: (i) S.A.C. Capital Advisors, LLC,
("SAC Capital Advisors") with respect to shares of common
stock, par value $0.1 per share ("Shares"), of the Issuer
beneficially owned by S.A.C. Capital Associates, LLC ("SAC
Capital Associates"); (ii) S.A.C. Capital Management, LLC,
("SAC Capital Management") with respect to Shares beneficially
owned by SAC Capital Associates; (iii) SAC Capital Associates
with respect to Shares beneficially owned by it; (iv) Sigma
Capital Management, LLC ("Sigma Capital Management") with
respect to Shares beneficially owned by Sigma Capital
Associates, LLC ("Sigma Capital Associates"); (v) Sigma
Capital Associates with respect to Shares beneficially owned
by it; and (vi) Steven A. Cohen with respect to Shares
beneficially owned by SAC Capital Advisors, SAC Capital
Management, SAC Capital Associates, Sigma Capital Management
and Sigma Capital Associates.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
------------------------------------
The address of the principal business office of (i) SAC
Capital Advisors and Mr. Cohen is 72 Cummings Point Road,
Stamford, Connecticut 06902, (ii) SAC Capital Management and
Sigma Capital Management is 540 Madison Avenue, New York, New
York 10022, and (iii) SAC Capital Associates and Sigma Capital
Associates is P.O. Box 58, Victoria House, The Valley,
Anguilla, British West Indies.
ITEM 2(C) CITIZENSHIP:
-----------
SAC Capital Advisors, SAC Capital Management and Sigma Capital
Management are Delaware limited liability companies. SAC
Capital Associates and Sigma Capital Associates are Anguillan
limited liability companies. Mr. Cohen is a United States
citizen.
Page 8 of 13
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
----------------------------
Common Stock, $.10 par value
ITEM 2(E) CUSIP NUMBER:
------------
457954600
ITEM 3 Not Applicable
ITEM 4 OWNERSHIP:
---------
The percentages used herein are calculated based upon the
Shares issued and outstanding as of October 8, 2004 as
reported on the Issuer's quarterly report on Form 10-Q filed
with the Securities and Exchange Commission by the Company for
the quarterly period ended August 28, 2004.
As of the close of business on December 31, 2004:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 2,491,173
(b) Percent of class: 8.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,491,173
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
2,491,173
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 2,491,173
(b) Percent of class: 8.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,491,173
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
2,491,173
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 2,491,173
(b) Percent of class: 8.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,491,173
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
2,491,173
Page 9 of 13
4. Sigma Capital Management, LLC
(a) Amount beneficially owned: 25,000
(b) Percent of class: Less than .1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 25,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 25,000
5. Sigma Capital Associates, LLC
(a) Amount beneficially owned: 25,000
(b) Percent of class: Less than .1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 25,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 25,000
6. Steven A. Cohen
(a) Amount beneficially owned: 2,516,173
(b) Percent of class: 8.6%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,516,173
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
2,516,173
SAC Capital Advisors, SAC Capital Management, and Mr. Cohen
own directly no shares of Common Stock. Pursuant to investment
agreements, each of SAC Capital Advisors and SAC Capital
Management share all investment and voting power with respect
to the securities held by SAC Capital Associates. Pursuant to
an investment management agreement, Sigma Capital Management
maintains investment and voting power with respect to the
securities held by Sigma Capital Associates. Mr. Cohen
controls SAC Capital Advisor, SAC Capital Management and Sigma
Capital Management. By reason of the provisions of Rule 13d-3
of the Securities Exchange Act of 1934, as amended, each of
(i) SAC Capital Advisors, SAC Capital Management and Mr. Cohen
may be deemed to own beneficially 2,491,173 Shares
(constituting approximately 8.5% of the Shares outstanding)
and (ii) Sigma Capital Management and Mr. Cohen may be deemed
to beneficially own 25,000 Shares (constituting less than .1%
of the Shares outstanding). Each of SAC Capital Advisors, SAC
Capital Management, Sigma Capital Management and Mr. Cohen
disclaim beneficial ownership of any of the securities covered
by this statement.
Page 10 of 13
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
--------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. |_|
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
--------------------------------------------------------
PERSON:
------
Not Applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
-------------------------------------------------------------
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
----------------------------------------------------------
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
------------------------------
Not Applicable
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Page 11 of 13
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2005
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 12 of 13
SIGMA CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 13 of 13