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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): DECEMBER 2, 2003
FRIEDMAN'S INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-22356 58-20583
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
171 CROSSROADS PARKWAY
SAVANNAH, GEORGIA 31422
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(Address of principal executive offices)
(912) 233-9333
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On December 2, 2003, Friedman's Inc. issued a press release announcing
that: (i) its Board of Directors has elected Robert Cruickshank non-executive
Chairman of the company; (ii) the Board of Directors has appointed Richard
Cartoon interim Financial Consultant; (iii) the Company has formed an Office of
the Chairman that will oversee the day-to-day operations of the Company,
composed of Robert Cruickshank and Richard Cartoon, together with Douglas D.
Anderson, the Company's President and Chief Operating Officer; (iv) the
Company's Chief Executive Officer, Bradley J. Stinn, has resigned from the
Company and its Board of Directors, effective immediately; and (v) due to
technical defaults under its credit facility, the Company has suspended payment
of its dividend and is in discussions with its lenders about this matter and
about a waiver of the defaults. The text of the press release, which is attached
at Exhibit 99.1, is incorporated by reference into this Item.
EXHIBITS
99.1 Press Release Dated December 2, 2003.
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.
(Registrant)
Date: December 3, 2003 By: /s/ Douglas D. Anderson
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Douglas D. Anderson
President and Chief
Operating Officer