FORM 12B-25
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K and Form 10-KSB [ ]Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ]
Form N-SAR For Period Ended: AUGUST 31, 1996
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: ..............................................
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Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
...............................................................................
...............................................................................
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PART I - REGISTRANT INFORMATION
Full name of registrant: JENNIFER CONVERTIBLES, INC.
Address of principal 419 CROSSWAYS PARK DRIVE
executive office: WOODBURY, NEW YORK 11797
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PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q
N-SAR or the transition report or portion thereof could not be filed within
the prescribed time period.
RECENT FILINGS OF THE 1994 AND 1995 10-KS AND QUARTERLY REPORTS LEFT
TOO LITTLE TIME TO FILE THE 1996 10-K IN A TIMELY MANNER.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
HARLEY J. GREENFIELD (516) 496-1900
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(Name) (Telephone Number)
(2) Have all other periodic reports required under section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If the
answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[X] Yes [ ] No
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If so: Attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
PLEASE SEE ATTACHED.
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ATTACHMENT
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Primarily as a result of the closing of unprofitable stores and the
Company's cost cutting measures, net loss was reduced from approximately $12
million in Fiscal 1995 to approximately $6 million for Fiscal 1996. In Fiscal
1996 sales were approximately $106 million as compared to approximately $126
million in Fiscal 1995, primarily due to such store closings.
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SIGNATURE
Jennifer Convertibles, Inc. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: November 29, 1996 By: /s/ Harley J. Greenfield
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Name: Harley J. Greenfield
Title: Chairman of the Board,
President and Chief
Executive Officer
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