8-K

UNITED STATES

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): July 24, 2014

AARON’S, INC.

(Exact name of Registrant as Specified in Charter)

Georgia	1-13941	58-0687630
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

309 E. Paces Ferry Road, N.E. Atlanta, Georgia	30305-2377
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (404) 231-0011

Not Applicable

(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 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On July 24, 2014, David L. Buck, Chief Operating Officer of Aaron’s, Inc. (the “Company”), notified the Company that he is retiring as an employee of the Company effective December 31, 2014 and in connection with his retirement will relinquish his duties as Chief Operating Officer effective August 1, 2014.

Effective August 1, 2014, Tristan Montanero, the Company’s Senior Vice President of Operations, and Michael P. Ryan, currently the Company’s Vice President of Franchising, will serve as co-leaders of Operations, with Mr. Ryan being promoted to Senior Vice President of Operations. Both Mr. Montanero and Mr. Ryan will each receive a grant of 2,500 restricted stock units subject to a three year cliff vesting. In addition, with his promotion Mr. Ryan’s salary will increase to $350,000 per year.

Mr. Montanero, 44, has served as Vice President of Operations since January 2013. He began his 20-year career with the Company immediately after graduating from the University of Florida in 1994. After serving as Manager Trainee, he was promoted to a General Manager the same year and became a District Manager in 1996. In the following years, he became Regional Manager and was promoted in 2002 to Vice President, Central Operations.

Mr. Ryan, 52, has served as Vice President of Franchising since February 2014. Previously, he served as Divisional Vice President of Northern Operations since April 21, 1993. He began his 24-year career at the Company in 1990 as an Assistant Store Manager and soon after was promoted to run the Company’s 27^th store.

The Company issued a press release, dated July 24, 2014, related to these matters, which is attached hereto as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits:

Exhibit No.	Description
99.1	Press release dated July 24, 2014.

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.

		AARON’S, INC.
	By:	/s/ Gilbert L. Danielson
Date: July 30, 2014		Gilbert L. Danielson Executive Vice President, Chief Financial Officer

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE                                    

Aaron's, Inc. Announces Dave Buck, COO, Retiring

Tristan Montanero and Michael P. Ryan to Lead Operations; Scott Harvey Named VP of Franchising

ATLANTA (July 24, 2014) -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, announced today that Dave Buck, age 64, plans to retire as Chief Operations Officer after a 25-year career at Aaron's. Effective August 1, Senior Vice President of Operations Tristan Montanero and Michael P. Ryan will be co-leaders of Operations at Aaron’s, with Ryan being promoted to Senior Vice President of Operations from Vice President of Franchising. Aaron’s named Scott Harvey, former Vice President of Operational Support, to succeed Michael P. Ryan as the Vice President of Franchising.

"Dave has offered tremendous value to the Operational team at Aaron’s beginning with his involvement at the store level 25 years ago and led our top-performing division for several consecutive years,” said Ronald W. Allen, Chief Executive Officer, Aaron’s, Inc. “Dave has played a key role especially during this transformative period in Aaron’s history. The Aaron’s team thanks him for his service, dedication and contributions to the Company’s performance over these many years. Dave is exploring franchise opportunities with us and we would hope to see him stay in the Aaron’s family.”

Buck rose steadily through the Aaron's management development program during his 25 years with the Company. He began his career with Aaron's in 1989 as Manager Trainee and then Store Manager. Within a two-year period, he was promoted to Regional Manager and subsequently Vice President of Operations. Buck has won numerous "Region of the Year" awards and recently secured his second consecutive "Best Overall Operations" award for 2012.

Allen continued, “Aaron’s President, Steve Michaels, has been instrumental in developing and implementing the strategic initiatives that will improve the core business. With Tristan and Michael reporting to Steve and each taking responsibility for six divisions, they will be able to work closely with the Divisional Vice Presidents to strengthen communications and improve performance in the core business. Making these changes allows us to streamline the organization and eliminate the position of Chief Operations Officer.”

Steve Michaels said, "Tristan and Michael are a dynamic leadership combination and we’re pleased to have their tenured experience leading our Operations. Their combined knowledge and energy will be a driving force as we execute on our strategic plan to improve the core business. We're also pleased to build on Scott’s great relationships with our Franchise team that span his 21-year career at Aaron’s, having begun as our first Franchise Field Consultant. While Michael will continue to be very involved with our franchisees, we’re looking forward to Scott’s leadership and representation of the Company’s commitment to support the franchisee community."

In January 2013, Montanero was promoted to Senior Vice President of Operations where he and Buck shared oversight of Operations throughout the U.S. and Canada. Montanero began his 20-year career with Aaron's immediately after graduating from the University of Florida in 1994. After serving as Manager Trainee, he was promoted to a General Manager the same year and became a District Manager in 1996. In the following years, he became Regional Manager and was promoted in 2002 to Vice President, Central Operations. Montanero's achievements include the "Store of the Year", "District of the Year", and "Region Manager of the Year" awards. Montanero will continue to lead the HomeSmart division with currently 86 weekly rent-to-own stores in 11 states.

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Ryan was named Vice President of Franchising in February 2013 after serving as Divisional Vice President of Northern Operations. He began his 24-year career at Aaron's in 1990 as an Assistant Store Manager and soon after was promoted to run Aaron's 27th store. Ryan has steadily grown with the organization and as a result has lived in four different states throughout his career with Aaron's.

With a 21-year career at Aaron’s, Harvey joined the Company in 1993 as Aaron’s first Franchise Field Consultant. Over the years he has had the opportunity to work in both the corporate and franchise environment. In his most recent position as Vice President of Operational Support, Harvey had oversight of Renewal Retention, the Customer Care Center and Business Development. He was previously Vice President of Operations at Her-Kel Investments, an Aaron’s franchise entity, and also served as Director of Eastern Franchise Operations for eight years at Aaron’s. Harvey was awarded Aaron’s “Outstanding Achievement” Award in 2005 and Aaron’s “Franchise District Manager of the Year” Award in 1998. He will report to Michael P. Ryan.

About Aaron's, Inc.

Aaron’s, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, currently has more than 2,100 Company-operated and franchised stores in 48 states and Canada. Aaron's was founded in 1955, is headquartered in Atlanta and has been publicly traded since 1982. For more information, visit www.aarons.com. Aaron’s, Inc. includes the Aarons.com, ShopHomeSmart.com and ProgFinance.com brands.

Aaron's Media Contact:

Garet Hayes

Aaron's Director of Public Relations

678-402-3863 or garet.hayes@aarons.com