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<p style="margin-top: 0; margin-bottom: 0" align="center"><b><font size="2" face="Times New Roman">UNITED STATES</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
WASHINGTON, DC 20549</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">FORM 8&#8209;K</font></b></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">CURRENT REPORT
PURSUANT</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
TO SECTION 13 OR 15(d) OF THE</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
SECURITIES EXCHANGE ACT OF 1934</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0" align="left"><font size="2" face="Times New Roman">Date of report (Date of earliest event reported):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>March 7, 2008</u></font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><u><font size="2" face="Times New Roman">JENNIFER CONVERTIBLES, INC.</font></u></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(Exact Name of Registrant as Specified in Its Charter)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Delaware</font></b></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(State or Other Jurisdiction </font><font size="2">of Incorporation)</font></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b> <b><font
size="2">1-9681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b>
<b><font size="2">11-2824646</font></b></p>
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<p style="margin-top: 0; margin-bottom: 0" align="center"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Commission File
Number)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (IRS Employer Identification No.)</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0" align="center"><b><font size="2" face="Times New Roman">419 Crossways Park Drive, Woodbury, New York</font><font size=
"2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
11797&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
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<p style="margin-top: 0; margin-bottom: 0" align="center"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of Principal Executive
Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Zip Code)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">(516) 496-1900</font></b></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(</font><font size="2">Registrant&rsquo;s Telephone Number, Including Area Code)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</div>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(Former Name or Former Address, if Changed Since Last Report)</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&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 (<i>see</i> General
Instruction A.2. below):</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry into a Material Definitive Agreement.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On March 7, 2008, our wholly-owned subsidiary, Hartsdale Convertibles, Inc. (&ldquo;Hartsdale&rdquo;), entered into an Inventory Financing Agreement (the
&ldquo;Inventory Financing Agreement&rdquo;) with GE Commercial Distribution Finance Corporation (&ldquo;CDF&rdquo;), pursuant to which CDF may extend credit to or on behalf of Hartsdale from time to time to enable Hartsdale to purchase inventory and for other
purposes. Each advance under the Inventory Financing Agreement will be made in accordance with specific financial terms as determined between the parties at the time of such advance. As security for its obligations under the Inventory Financing Agreement, Hartsdale
has granted to CDF a security interest in the inventory and all insurance proceeds thereto. In addition, we have guaranteed the obligations of Hartsdale under the Inventory Financing Agreement.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Inventory Financing Agreement will be for an initial term of one year and will automatically renew each year unless terminated by at least thirty (30) days
prior written notice by either party or terminated immediately by CDF if Hartsdale objects to the terms of any advance, billing statement or written notice of fees and terms.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The description of the Inventory Financing Agreement set forth herein does not purport to be complete and is qualified in its entirety by the full text of the
Inventory Financing Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Exhibits</u></font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventory Financing Agreement.</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SIGNATURE</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">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></p>

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<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Dated:&nbsp; March 13, 2008</font></p>
</td>
<td colspan="2">
<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Jennifer Convertibles, Inc.</font></b></p>
</td>
</tr>

<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
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</td>
<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">By:</font></p>
</td>
<td>
<p style="margin-top: 0; margin-bottom: 0"><b><u><font size="2" face="Times New Roman">/s/ Harley J. Greenfield&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></b></p>
</td>
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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Name:</font></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Harley J. Greenfield</font></p>
</td>
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<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Title:</font></p>
</td>
<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Chief Executive Officer</font></p>
</td>
</tr>
</table>

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{"company-data": {"conformed-name": "JENNIFER CONVERTIBLES INC", "cik": "0000806817", "assigned-sic": "5712", "irs-number": "112824646", "state-of-incorporation": "DE", "fiscal-year-end": "0830"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09681", "film-number": "08685582"}, "business-address": {"street1": "419 CROSSWAYS PK DR", "city": "WOODBURY", "state": "NY", "zip": "11797", "phone": "5164961900"}, "mail-address": {"street1": "419 CROSSWAYS PARK DR", "street2": "419 CROSSWAYS PARK DR", "city": "WOODBURY", "state": "NY", "zip": "11797"}}
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):
March 7, 2008
JENNIFER CONVERTIBLES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
1-9681
11-2824646
(Commission File
Number)                                  (IRS Employer Identification No.)
419 Crossways Park Drive, Woodbury, New York
11797
(Address of Principal Executive
Offices)                                                         
(Zip Code)
(516) 496-1900
(
Registrant's Telephone Number, Including Area Code)
(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):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01        Entry into a Material Definitive Agreement.
On March 7, 2008, our wholly-owned subsidiary, Hartsdale Convertibles, Inc. ("Hartsdale"), entered into an Inventory Financing Agreement (the
"Inventory Financing Agreement") with GE Commercial Distribution Finance Corporation ("CDF"), pursuant to which CDF may extend credit to or on behalf of Hartsdale from time to time to enable Hartsdale to purchase inventory and for other
purposes. Each advance under the Inventory Financing Agreement will be made in accordance with specific financial terms as determined between the parties at the time of such advance. As security for its obligations under the Inventory Financing Agreement, Hartsdale
has granted to CDF a security interest in the inventory and all insurance proceeds thereto. In addition, we have guaranteed the obligations of Hartsdale under the Inventory Financing Agreement.
The Inventory Financing Agreement will be for an initial term of one year and will automatically renew each year unless terminated by at least thirty (30) days
prior written notice by either party or terminated immediately by CDF if Hartsdale objects to the terms of any advance, billing statement or written notice of fees and terms.
The description of the Inventory Financing Agreement set forth herein does not purport to be complete and is qualified in its entirety by the full text of the
Inventory Financing Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01        Financial Statements and Exhibits.
(d)
Exhibits
10.1      Inventory Financing Agreement.
2
SIGNATURE
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.
Dated:  March 13, 2008
Jennifer Convertibles, Inc.
By:
/s/ Harley J. Greenfield
Name:
Harley J. Greenfield
Title:
Chief Executive Officer