-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WKhPuKLLWV+7Hw1op5RIbRmue/vqDJ3ONpUcwk+tzSOgbR5nlJNkN01oCa5k+J/0 ExSTjkGrjhBrQBvNS7X2rQ== 0000891092-04-004214.txt : 20040823 0000891092-04-004214.hdr.sgml : 20040823 20040823124857 ACCESSION NUMBER: 0000891092-04-004214 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040823 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040823 DATE AS OF CHANGE: 20040823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AARON RENTS 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: 04991306 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 8-K 1 e18931_8k.txt FORM 8-K 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 23, 2004 ---------- AARON RENTS, INC. ------------------------------------------------------ (Exact name of Registrant as Specified in its Charter) Georgia 1-13941 58-0687630 - ------------------------------- ---------------- ------------------- (State or other Jurisdiction of (Commission File (IRS Employer Incorporation or Organization) Number) 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) ITEM 9.01. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS (a) Financial Statements of Businesses Acquired: None. (b) Pro Forma Financial Information: None. (c) Exhibits: Exhibit No. Description - ----------- ----------- 99.1 Aaron Rents, Inc. press release dated August 23, 2004, announcing an increase in the frequency of its cash dividend payments from semi-annually to quarterly, resulting in a doubling of annual dividend payments. (furnished pursuant to Item 2.02 of Form 8-K). ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On July 28, 2004, Aaron Rents, Inc. (the "Company") issued a press release to announce an increase in the frequency of its cash dividend payments from semi-annually to quarterly, resulting in a doubling of annual dividend payments. A copy of the press release is attached as Exhibit 99.1. The information in this Report, including the Exhibit attached hereto, is furnished solely pursuant to Item 2.02 of this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. 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 RENTS, INC. By: /s/ Gilbert L. Danielson ------------------------- Gilbert L. Danielson Executive Vice President, Date: August 23, 2004 Chief Financial Officer EX-99.1 2 e18931ex99_1.txt PRESS RELEASE Exhibit 99.1 Aaron Rents, Inc. Moves From Semi-Annual to Quarterly Cash Dividends; Doubles Annual Payout ATLANTA, Aug. 23 /PRNewswire-FirstCall/ -- Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics, home appliances and accessories, today announced that it is increasing the frequency of its historical semi-annual cash dividends to quarterly cash dividends. This new quarterly dividend policy will result in an approximate doubling of the current annual dividend payout to shareholders. In August the Company also effected a 3 for 2 stock split through a distribution to shareholders of a 50% stock dividend on both Common Stock and Class A Common Stock. Aaron Rents has paid thirty-six consecutive semi-annual cash dividends, the last being, on a post-split basis, $.013 per share on Common Stock and $.013 per share on Class A Common Stock paid on July 2, 2004. The next dividend payable will be $.013 per share on Common Stock and $.013 per share on Class A Common Stock, payable October 1, 2004, to shareholders of record as of the close of business on September 1, 2004. It is the intent of the Company to now begin paying quarterly dividends of $.013 per share on both Common Stock and Class A Common Stock. "Based upon the current outstanding performance of the Company and our future outlook, the Board of Directors decided to substantially increase the dividend to shareholders and begin a quarterly dividend policy," said R. Charles Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron Rents. "These actions are an indication of the confidence we have in the future prospects of the Company." Aaron Rents, Inc., based in Atlanta, currently has over 950 Company- operated and franchised stores in the United States, Puerto Rico, and Canada for the rental and sale of residential and office furniture, accessories, consumer electronics and household appliances. The Company also manufactures furniture, bedding and accessories at 10 facilities in four states. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, customer demand and other issues, and the risks and uncertainties discussed under "Certain Factors Affecting Forward Looking Statements" in the Company's Annual Report on Form 10-K for fiscal 2003, which discussion is incorporated herein by this reference. Without limitation, statements regarding Aaron Rents' intention to pay cash dividends in the future, including statements as to the frequency and amount of such dividends, are forward-looking statements subject to risks and uncertainties that could cause changes in future dividend policy. SOURCE Aaron Rents, Inc. -0- 08/23/2004 /CONTACT: Gilbert L. Danielson, Executive Vice President, Chief Financial Officer of Aaron Rents, Inc., +1-404-231-0011, ext. 3314/ /Web site: http://www.aaronrents.com / (RNT) CO: Aaron Rents, Inc. ST: Georgia IN: REA SU: DIV -----END PRIVACY-ENHANCED MESSAGE-----