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     <!-- Filer's Name:    Friedmans Inc                     -->
     <!-- Project Name:    NY14399                           -->
     <!-- Attorney Name:   M.Mikullitz                       -->
     <TITLE>Form 8K </TITLE>
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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> UNITED
STATES <BR>SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, DC &nbsp;20549 <BR><BR>
_________________
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM 8-K</B></FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CURRENT REPORT
<BR>Pursuant to Section 13 or 15(d) of the <BR>Securities Exchange Act of 1934</B>  </FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date
of Report (Date of Earliest Event Reported):&nbsp;&nbsp;  April 22, 2005 (April 19, 2005)<!-- DATE -->&nbsp;  </FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="4">Friedman's Inc.<!-- Name of Registrant --></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Exact Name of Registrant as Specified in its Charter)</FONT></TD></TR>
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<TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Delaware<!-- State--> </FONT></TD>
<TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0-22356 <!-- File No.--></FONT></TD>
<TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>58-20583<!-- Irs No.--></FONT></TD>
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<TD ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=2>(State or Other Jurisdiction <BR>of Incorporation)</font></td>
<TD ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=2>(Commission<BR>File Number) </FONT></TD>
<TD ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=2>(IRS Employer<BR> Identification No.) </FONT></TD>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>171
Crossroads Parkway<BR>Savannah, Georgia 31422 <BR>(Address
of principal executive offices) </FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2> (912) 233-9333<!-- TELEPHONE NO. --><BR>Registrant's
telephone number, including area code:&nbsp;&nbsp; </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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:  </FONT></TD></TR>
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<TD WIDTH=4%><font face="wingdings"> &#168; </font></TD>
<TD WIDTH=96%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD>
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<TD WIDTH=4%><font face="wingdings"> &#168; </font></TD>
<TD WIDTH=96%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD>
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<TD WIDTH=4%><font face="wingdings"> &#168; </font></TD>
<TD WIDTH=96%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act <BR>(17 CFR
240.14d-2(b)) </FONT></TD>
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<TD WIDTH=4%><font face="wingdings"> &#168; </font></TD>
<TD WIDTH=96%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act <BR>(17 CFR
240.13e-4(c)) </FONT></TD>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 8.01</B></FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Other Events.</B></FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
April 19, 2005, the United States trustee in Savannah, Georgia (the &#147;UST&#148;)
convened and presided at a meeting of creditors of Friedman&#146;s Inc. (the
&#147;Company&#148;) pursuant to section 341 of the United States Bankruptcy Code (the
&#147;Section 341 Meeting&#148;). The slides that were presented by the Company at the
Section 341 Meeting (the &#147;Slides&#148;) were filed with the United States Bankruptcy
Court for the Southern District of Georgia located in Savannah, on April 19, 2005. The UST
indicated that he would conclude the Section 341 Meeting following the provision of
certain additional information by the Company pursuant to the UST&#146;s subsequent
written request. A copy of the Slides are included as Exhibit 99.1 to this Current Report
on Form 8-K. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Cautionary
Statement Regarding Forward-Looking Statements </U> </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Some
of the statements included in the Slides, as well as certain other statements made by the
Company, particularly those anticipating future financial performance, business prospects,
growth and operating strategies and similar matters, are forward-looking statements that
involve a number of risks and uncertainties. For those statements, we claim the protection
of the safe harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are not guarantees of
future performance and a variety of factors could cause the Company&#146;s actual results
to differ materially from the anticipated or expected results expressed in these
forward-looking statements. The Company undertakes no obligation to update or revise any
such forward-looking statements. The forward-looking statements and the Company&#146;s
liquidity, capital resources, and results of operations are subject to a number of risks
and uncertainties, including, but not limited to, the following: the ability of the
Company to operate as a going concern; the ability of the Company to continue to obtain
use of cash collateral and/or debtor-in-possession (DIP) financing pursuant to the terms
of such agreements; court approval of the motions prosecuted by the Company from time to
time; the ability of the Company to develop, prosecute, confirm and consummate one or more
plans of reorganization with respect to the chapter 11 case; risks associated with third
parties seeking and obtaining court approval to terminate or shorten the exclusivity
period for the Company to propose and confirm one or more plans of reorganization, for the
appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the
ability of the Company to obtain trade credit, and shipments and terms with vendors and
service providers for current orders; the Company&#146;s ability to maintain contracts
that are critical to its operations; potential adverse developments with respect to the
Company&#146;s liquidity and/or results of operations; competitive pressures from other
retailers; trends in the economy as a whole which may affect consumer confidence and
consumer demand for the types of goods sold by the Company; the ability of the Company to
attract, retain and compensate key executives and associates; the ability of the Company
to attract and retain customers; potential adverse publicity; the final results of the
audit including the review of the calculation of our allowance for doubtful accounts; the
results of the SEC and United States Attorney&#146;s Office for the Eastern District of
New York investigations; the results of various litigation; the effect of the restatement
on our credit facilities, including funding availability thereunder and our relationship
with our lenders; the effect of the restatement on our future earnings, including any
adjustments to previously announced earnings forecasts; and other risks factors identified
from time to time in our SEC reports, including, but not limited to, the report on Form
10-K for the year ended September 28, 2002. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Similarly,
these and other factors, including the terms of any reorganization plan ultimately
confirmed, can affect the value of our various pre-petition liabilities, common stock
and/or other equity securities. No assurance can be given as to what values, if any, will
be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of
reorganization could result in holders of the Company&#146;s common stock receiving no
distribution on account of their interest and cancellation of their interests. As
described in the Company&#146;s public statements in response to the request submitted to
the United States Trustee for the appointment of a statutory equity committee, holders of
the Company&#146;s common stock (both Series A and Series B common stock) and other equity
interests (such as options and warrants) should assume that they could receive little or
no value as part of a plan of reorganization. In addition, under certain conditions
specified under the Bankruptcy Code, a plan of reorganization may be confirmed
notwithstanding its rejection by an impaired class of creditors or equity holders and
notwithstanding the fact that equity holders do not receive or retain property on account
of their equity interests under the plan. In light of the foregoing, the Company considers
the value of the common stock to be highly speculative and cautions equity holders that
the stock may ultimately be determined to have no value. Accordingly, the Company urges
that appropriate caution be exercised with respect to existing and future investments in
the Company&#146;s common stock or any claims relating to pre-petition liabilities and/or
other interests in the Company such as warrants convertible into equity interests. </FONT></TD></TR>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 9.01</B></FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Financial Statements and Exhibits.</B></FONT></TD>
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<TD WIDTH=7%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> <B> (c)</B> </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibits.</B></FONT></TD>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit<BR> <U>Number</U></FONT></TD>
<TD WIDTH="85%" VALIGN="BOTTOM"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Description</U></FONT></TD>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.1<!-- EXHIBIT NO. --> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Slides presented at the Section 341 Meeting on April 19, 2005<!-- DESCRIPTION --></FONT></TD>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>SIGNATURES </b></FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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. </FONT></TD></TR></TABLE><BR>
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    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- TYPE "DATE:" HERE--> </FONT></TD>
    <TD WIDTH="44%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">FRIEDMAN'S INC. <BR>&nbsp; </FONT></TD>
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    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date: </FONT></TD>
    <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;April 22, 2005 <!-- DATE--> </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By: </FONT></TD>
    <TD WIDTH="43%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;/s/  Ken Maher     <!-- NAME --> </FONT></TD>
  </TR>
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    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD>&nbsp; </TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD> <HR NOSHADE SIZE="1"> </TD>
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    <TD WIDTH="57%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name:&nbsp;</FONT></TD>
    <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">  Ken Maher    <!-- NAME --></FONT></TD>
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    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Title:&nbsp;</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Chief Financial Officer <!-- TITLE --></FONT></TD></TR>
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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT
INDEX </FONT></H1></TD></TR>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit<BR> <U>Number</U></FONT></TD>
<TD WIDTH="85%" VALIGN="BOTTOM"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Description</U></FONT></TD>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.1<!-- EXHIBIT NO. --> </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> Slides presented at the Section 341 Meeting on April 19, 2005<!-- DESCRIPTION --></FONT></TD>
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{"company-data": {"conformed-name": "FRIEDMANS INC", "cik": "0000911004", "assigned-sic": "5944", "irs-number": "582058362", "state-of-incorporation": "DE", "fiscal-year-end": "0826"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31707", "film-number": "05768095"}, "business-address": {"street1": "4 WEST STATE ST", "city": "SAVANNAH", "state": "GA", "zip": "31401", "phone": "9122339333"}, "mail-address": {"street1": "4 W STATE ST", "city": "SAVANNAH", "state": "GA", "zip": "31401"}}
Form 8K
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):    April 22, 2005 (April 19, 2005)
Friedman's Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
0-22356
58-20583
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
171
Crossroads Parkway
Savannah, Georgia 31422
(Address
of principal executive offices)
(912) 233-9333
Registrant's
telephone number, including area code:
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 8.01
Other Events.
On
April 19, 2005, the United States trustee in Savannah, Georgia (the "UST")
convened and presided at a meeting of creditors of Friedman's Inc. (the
"Company") pursuant to section 341 of the United States Bankruptcy Code (the
"Section 341 Meeting"). The slides that were presented by the Company at the
Section 341 Meeting (the "Slides") were filed with the United States Bankruptcy
Court for the Southern District of Georgia located in Savannah, on April 19, 2005. The UST
indicated that he would conclude the Section 341 Meeting following the provision of
certain additional information by the Company pursuant to the UST's subsequent
written request. A copy of the Slides are included as Exhibit 99.1 to this Current Report
on Form 8-K.
Cautionary
Statement Regarding Forward-Looking Statements
Some
of the statements included in the Slides, as well as certain other statements made by the
Company, particularly those anticipating future financial performance, business prospects,
growth and operating strategies and similar matters, are forward-looking statements that
involve a number of risks and uncertainties. For those statements, we claim the protection
of the safe harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are not guarantees of
future performance and a variety of factors could cause the Company's actual results
to differ materially from the anticipated or expected results expressed in these
forward-looking statements. The Company undertakes no obligation to update or revise any
such forward-looking statements. The forward-looking statements and the Company's
liquidity, capital resources, and results of operations are subject to a number of risks
and uncertainties, including, but not limited to, the following: the ability of the
Company to operate as a going concern; the ability of the Company to continue to obtain
use of cash collateral and/or debtor-in-possession (DIP) financing pursuant to the terms
of such agreements; court approval of the motions prosecuted by the Company from time to
time; the ability of the Company to develop, prosecute, confirm and consummate one or more
plans of reorganization with respect to the chapter 11 case; risks associated with third
parties seeking and obtaining court approval to terminate or shorten the exclusivity
period for the Company to propose and confirm one or more plans of reorganization, for the
appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the
ability of the Company to obtain trade credit, and shipments and terms with vendors and
service providers for current orders; the Company's ability to maintain contracts
that are critical to its operations; potential adverse developments with respect to the
Company's liquidity and/or results of operations; competitive pressures from other
retailers; trends in the economy as a whole which may affect consumer confidence and
consumer demand for the types of goods sold by the Company; the ability of the Company to
attract, retain and compensate key executives and associates; the ability of the Company
to attract and retain customers; potential adverse publicity; the final results of the
audit including the review of the calculation of our allowance for doubtful accounts; the
results of the SEC and United States Attorney's Office for the Eastern District of
New York investigations; the results of various litigation; the effect of the restatement
on our credit facilities, including funding availability thereunder and our relationship
with our lenders; the effect of the restatement on our future earnings, including any
adjustments to previously announced earnings forecasts; and other risks factors identified
from time to time in our SEC reports, including, but not limited to, the report on Form
10-K for the year ended September 28, 2002.
Similarly,
these and other factors, including the terms of any reorganization plan ultimately
confirmed, can affect the value of our various pre-petition liabilities, common stock
and/or other equity securities. No assurance can be given as to what values, if any, will
be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of
reorganization could result in holders of the Company's common stock receiving no
distribution on account of their interest and cancellation of their interests. As
described in the Company's public statements in response to the request submitted to
the United States Trustee for the appointment of a statutory equity committee, holders of
the Company's common stock (both Series A and Series B common stock) and other equity
interests (such as options and warrants) should assume that they could receive little or
no value as part of a plan of reorganization. In addition, under certain conditions
specified under the Bankruptcy Code, a plan of reorganization may be confirmed
notwithstanding its rejection by an impaired class of creditors or equity holders and
notwithstanding the fact that equity holders do not receive or retain property on account
of their equity interests under the plan. In light of the foregoing, the Company considers
the value of the common stock to be highly speculative and cautions equity holders that
the stock may ultimately be determined to have no value. Accordingly, the Company urges
that appropriate caution be exercised with respect to existing and future investments in
the Company's common stock or any claims relating to pre-petition liabilities and/or
other interests in the Company such as warrants convertible into equity interests.
Item 9.01
Financial Statements and Exhibits.
(c)
Exhibits.
Exhibit
Number
Description
Exhibit 99.1
Slides presented at the Section 341 Meeting on April 19, 2005
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.
FRIEDMAN'S INC.
Date:
April 22, 2005
By:
/s/  Ken Maher
Name:
Ken Maher
Title:
Chief Financial Officer
EXHIBIT
INDEX
Exhibit
Number
Description
Exhibit 99.1
Slides presented at the Section 341 Meeting on April 19, 2005