0001144204-11-034860.txt : 20110609 0001144204-11-034860.hdr.sgml : 20110609 20110609144711 ACCESSION NUMBER: 0001144204-11-034860 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110609 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110609 DATE AS OF CHANGE: 20110609 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: 11902991 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 v225488_8k.htm

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):  June 9, 2011
 

 
AARON’S, INC.
(Exact name of Registrant as Specified in its 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):

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 7.01
Regulation FD Disclosure.

On June 9, 2011, Aaron’s, Inc. (the “Company”) announced its plans to appeal an adverse trial verdict in a lawsuit the Company is defending in the U.S. District Court for the Southern District of Illinois.  A press release regarding the case is filed herewith as Exhibit 99.1.

Item 9.01
Financial Statements and Exhibits.
 
(d)           Exhibits

Exhibit No.
 
Description
     
99.1
 
Press Release of the Company dated June 9, 2011.
 
 
 

 

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
   
Gilbert L. Danielson
   
Executive Vice President and Chief Financial
Date:  June 9, 2011
 
Officer
 
 
 

 
EX-99.1 2 v225488_ex99-1.htm
 
 
Contact: Gilbert L. Danielson
 
Executive Vice President
 
Chief Financial Officer
 
404-231-0011
 
Aaron’s, Inc. Plans to Appeal Verdict in Action by Former Employee
 
ATLANTA, June 9, 2011 — Aaron’s, Inc. (NYSE: AAN) announced today that the Company plans to appeal a verdict involving a former Aaron’s manager who allegedly sexually harassed a co-worker. The Company stated that the award does not accurately reflect the evidence presented in the case.
 
The verdict, which consisted of approximately $90 million in damages awarded to the plaintiff, was rendered in the U.S. District Court for the Southern District of Illinois.  Of the total damages awarded, $50 million exceeds the maximum award permitted by law.
 
“Aaron’s is extremely disappointed with the jury’s verdict and believes that the award does not accurately reflect the evidence that was presented in this case,” said Chad Strickland, Vice President of Associate Resources for Aaron’s, Inc.  “We feel strongly that this verdict is the result of a decision made by a classic runaway jury, and because of that we are confident that the damages will be greatly reduced. We intend to appeal the verdict and seek a fairer and more equitable outcome.”
 
Mr. Strickland said the alleged acts the jury determined were engaged in by the former Aaron’s manager “are not only completely inconsistent with everything our Company believes in and stands for, but are also far outside the scope of his employment and were never condoned by the Company.”
 
Throughout the Company, Aaron’s insists on the proper treatment of employees, regardless of their employment position, location or work status. All management employees are fully trained in appropriate workplace practices. Additionally, all employees are trained in how to report their concerns about workplace practices.  Aaron’s does not tolerate an inappropriate or disrespectful work environment.
 
“Aaron’s is committed to establishing and building a strong, professional and respectful employee culture, in every community we serve and in every store we operate,” said Robin Loudermilk, President and CEO.
 
Statements in this news release that are not historical facts are “forward-looking statements” that involve risks and uncertainties.  Statements in this release that are forward-looking include Aaron’s expectations regarding the results of the appeals process.  Due to inherent uncertainty in litigation and other risks and uncertainties, including any set forth in Aaron’s filings with the Securities & Exchange Commission from time to time, actual results could differ materially from Aaron’s expectations expressed in its forward-looking statements.
 
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