JENNIFER CONVERTIBLES INC
8-K, 1998-10-15
FURNITURE STORES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                     the Securities and Exchange Act of 1934


                Date of Report (Date of Earliest Event Reported):
                                October 12, 1998



                           JENNIFER CONVERTIBLES, INC.
   --------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

    DELAWARE                         1-9681                     11-2824646
- ----------------                ----------------             -------------------
(State or other                  (Commission File              (IRS Employer
 jurisdiction of                  Number)                    Identification No.)
 incorporation)                             

                            419 Crossways Park Drive
                            Woodbury, New York 11797
                   ------------------------------------------
                    (Address of principal executive offices)

       Registrant's Telephone Number, including area code: (516) 496-1900


                   ------------------------------------------
                 (Former Address, if changed since last report)


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<PAGE>



Item 5:  Other Events
         ------------

         Attached  hereto as  Exhibit  99.1 is a copy of a press  release  dated
October 12, 1998  announcing  that the  Securities  and Exchange  Commission has
terminated its formal investigation of Jennifer  Convertibles,  Inc. and that no
enforcement action will be recommended.


Item 7:  Financial Statements, Pro Forma Financial information and Exhibits.
         -------------------------------------------------------------------

         (c)      Exhibits

                  99.1   Press Release issued by Jennifer Convertibles,  Inc. on
                         October 12, 1998.


                                      - 2 -

<PAGE>

                                   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.


Dated: October 14, 1998

                                        JENNIFER CONVERTIBLES, INC.



                                        By: /s/ GEORGE J. NADEL
                                           ------------------------
                                                George J. Nadel
                                                Executive Vice President and CFO



                                      - 3 -


                                [JENNIFER LOGO]

- --------------------------------------------------------------------------------
   Jennifer Convertibles, Inc., 419 Crossways Park Drive, Woodbury, NY 11787
                                  516/496-1900

FOR IMMEDIATE RELEASE               Contact:  Donald Radcliffe
- ---------------------                         Radcliffe & Associates, Inc.
                                              212-605-0534

                           S.E.C. DROPS INVESTIGATION

Woodbury,  New  York  ***  October  12,  1998 ***  Jennifer  Convertibles,  Inc.
announced  that it had been advised by the  Securities  and Exchange  Commission
that the Commission's formal investigation involving Jennifer Convertibles, Inc.
had been terminated and no enforcement action had been recommended.

Harley J. Greenfield,  Chief Executive Officer of Jennifer said, "We are pleased
that  these  proceedings  are  behind  us.  We can now  concentrate  more of our
attention on developing the Company,  opening several new stores, and increasing
profitability."

Jennifer  Convertibles  currently  operates  155 stores,  including  48 Jennifer
Convertibles,  34  Jennifer  Leather,  2  Jennifer  Living  Room,  as well as 73
licensed Jennifer Convertibles stores throughout the United States.


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