0000706688-15-000162.txt : 20150811 0000706688-15-000162.hdr.sgml : 20150811 20150811084727 ACCESSION NUMBER: 0000706688-15-000162 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150811 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150811 DATE AS OF CHANGE: 20150811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AARON'S INC CENTRAL INDEX KEY: 0000706688 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 580687630 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13941 FILM NUMBER: 151042557 BUSINESS ADDRESS: STREET 1: 309 E. PACES FERRY ROAD, N.E. STREET 2: (NONE) CITY: ATLANTA STATE: GA ZIP: 30305-2377 BUSINESS PHONE: 404-231-0011 MAIL ADDRESS: STREET 1: 309 E. PACES FERRY ROAD, N.E. STREET 2: (NONE) CITY: ATLANTA STATE: GA ZIP: 30305-2377 FORMER COMPANY: FORMER CONFORMED NAME: AARON RENTS INC DATE OF NAME CHANGE: 19920703 8-K 1 a8k_directorchange82015.htm 8-KDIRECTORCHANGE 8K_Director Change 8.2015


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):    August 6, 2015

 
 

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 August 6, 2015, David L. Kolb, a director of Aaron’s, Inc. (the “Company”), notified the Company of his retirement from the Company’s Board of Directors, effective August 6, 2015, and on August 10, 2015, Brian R. Kahn, a director of the Company, notified the Company of his resignation from the Company’s Board of Directors, effective August 10, 2015.

On August 6, 2015, the Board of Directors appointed Curt Doman to the Board of Directors. Mr. Doman will serve as a director of the Company until the Company’s annual meeting of shareholders in 2016 and until his successor is elected and qualified or until his earlier resignation, removal from office or death. Mr. Doman is the founder and currently serves as the Chief Technology Officer of the Company’s Progressive business. In connection with his service on the Board of Directors, Mr. Doman will enter into an Indemnification Agreement with the Company, a form of which was previously filed as Exhibit 10.2 to the Company’s Form 8-K filed on May 14, 2014.

The resignations of Messrs. Kolb and Kahn did not result from any disagreement with the Company on any matter.

The Company issued a press release, dated August 11, 2015, relating 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 August 11, 2015.
 
 
 
 









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: August 11, 2015
 
Gilbert L. Danielson
Executive Vice President, Chief Financial Officer




EX-99.1 2 pressreleasekolbandkahnres.htm EXHIBIT 99.1 PRESS RELEASE Press Release Kolb and Kahn Resign

Exhibit 99.1


FOR IMMEDIATE RELEASE                    

Aaron's, Inc. Announces Curt Doman Appointed to Board of Directors
David Kolb and Brian Kahn Depart


ATLANTA (August 11, 2015) -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, today announced that Curt Doman, Chief Technology Officer and Co-Founder of Progressive Leasing, has been appointed to the Aaron’s, Inc. Board of Directors. The Company also announced that David Kolb and Brian Kahn are departing the Board.
Ray Robinson, Chairman of Aaron’s Inc. Board of Directors, said that Doman's entrepreneurial experience and vision will be a strong addition to the Board. "Curt pioneered the virtual lease-to-own business with the co-founding of Progressive Leasing in 1999," Robinson said. "He has a deep understanding of technology, and he's used that to bring innovation to businesses that serve credit-constrained customers. Curt built the proprietary systems that form the core of Progressive, and his leadership helped grow it into the premiere virtual lease-to-own company," said Robinson.
“As we look forward to welcoming Curt, we also want to acknowledge the contributions that Dave and Brian made during their time on the Board,” Robinson said. "Dave has been contemplating retirement for some time, and we sincerely appreciate his commitment and his nearly 12 years of dedicated service to Aaron’s and our Board. We wish him well. We also appreciate Brian’s insights on our Board as Aaron’s has continued to pursue the successful transformation of its business over the past year. We wish Brian all the best,” Robinson further said.
“The addition of Curt to the Board is significant and timely for Aaron’s," said Kahn, the founding and managing member of Vintage Capital Management. "Progressive has exceeded Aaron's expectations. As the division starts to contribute a larger share of revenues and profits, it's important that the Board has the skill sets necessary to achieve our goals. Curt's experience will be invaluable to Aaron’s over the long term. CEO John Robinson has done a great job instituting operational improvements across the organization. That work is just beginning to bear fruit, and I am confident today's announcement will help Aaron's continue on that path."
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 2,000 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. Progressive Leasing, a wholly owned subsidiary and leading virtual lease-to-own company, provides lease-purchase solutions through approximately 16,000 retail locations in 46 states. Aaron's, Inc. includes the Aarons.com, ShopHomeSmart.com and ProgLeasing.com brands. For more information, visit www.aarons.com.


Aaron's Media Contact:
Garet Hayes; Aaron's Director of Public Relations; 678-402-3863 or garet.hayes@aarons.com




Aaron’s Investor Relations Contact:
Sharon Lawrence; Aaron’s Vice President, Finance; 678-402-3000
            


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