================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): May 26, 2004 Friedman's Inc. (Exact name of registrant as specified in its charter) Delaware 0-22356 58-20583 (State or other jurisdiction (Commission File Number) (IRS Employer Identification No.) of incorporation) 171 Crossroads Parkway Savannah, Georgia 31422 (Address of principal executive offices) (912) 233-9333 (Registrant's telephone number, including area code) ================================================================================ TABLE OF CONTENTS ----------------- Item 5. Other Events. Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits SIGNATURES PRESS RELEASE Item 5. Other Events. On May 26, 2004, Friedman's Inc. (the "Company") issued a press release announcing that the Board of Directors of the Company (the "Board") has created a Special Litigation Committee and the Board has voted, subject to certain conditions, to retain Kroll Zolfo Cooper LLC as restructuring advisors to the Company and to appoint representatives of Kroll Zolfo Cooper LLC as Chief Restructuring Officers. In addition, Robert W. Cruickshank has resigned his position as a member of the Board. The text of the press release, which is attached as Exhibit 99.1, is incorporated by reference into this Item. On May 26, 2004, the Company notified the New York Stock Exchange (the "NYSE") that the Company would not appeal the NYSE's May 11, 2004 decision to delist the Company's class A common stock. Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits (c) Exhibits The following exhibits are filed as a part of this report: Exhibit Number Description ------ ----------- 99.1 Press Release dated May 26, 2004 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: May 26, 2004 By:/s/ Allan M. Edwards -------------------------------------------- Allan M. Edwards Chairman of the Board of Directors -2-