0001144204-11-056913.txt : 20111007 0001144204-11-056913.hdr.sgml : 20111007 20111007101621 ACCESSION NUMBER: 0001144204-11-056913 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111005 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111007 DATE AS OF CHANGE: 20111007 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: 111130896 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 v236759_8k.htm FORM 8-K Unassociated Document
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):     October 5, 2011
 
                 
 

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

Georgia
 
1-13941
 
58-0687630
(State or other Jurisdiction of Incorporation or Organization)
 
(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 7.01.  REGULATION FD DISCLOSURE

On October 5, 2011, Aaron’s, Inc. issued a press release announcing its investment in a U.K company.  The press release is furnished herewith as Exhibit 99.1.


ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

(d)           Exhibits:

Exhibit No.
Description
 
99.1
Aaron’s, Inc. press release dated October 5, 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.
 
       
Date:  October 7, 2011
By:
/s/ Gilbert L. Danielson  
   
Gilbert L. Danielson
 
   
Executive Vice President,
 
   
Chief Financial Officer
 
 
 
 
 

 
 
EX-99.1 2 v236759_ex99-1.htm EXHIBIT 99.1 Unassociated Document
 
 
Contact:  Gilbert L. Danielson
 
Executive Vice President
 
Chief Financial Officer
 
404-231-0011
 
Aaron’s, Inc.
 Invests in U.K. Company


ATLANTA, October 5, 2011 – Aaron’s, Inc. (NYSE: AAN), the nation’s leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced that it has reached an agreement to purchase 11.5% of Perfect Home Holdings Limited, a privately-held U.K. rent-to-own company.
 
Perfect Home Holdings Limited, which operates under the PerfectHome brand, was founded in 2006 and provides basic home furnishings in the U.K. to the non-standard credit market. Based near Birmingham, PerfectHome currently has 45 stores open throughout England and has plans to approximately double the number of stores over the next several years.
 
Aaron’s will pay ten million British pounds, or approximately US$15.4 million at current exchange rates, for its interest in PerfectHome and will have an option to increase its ownership in the future. The funds will be primarily used by PerfectHome to accelerate the growth of its store openings. The closing of the transaction requires regulatory approval which is currently being sought.  The transaction will be effective only following Aaron’s obtaining such approval. The investment will be recorded as an asset on Aaron’s balance sheet.
 
“We are very excited about this investment in PerfectHome,” said Robert C. Loudermilk, Jr., President and Chief Executive Officer of Aaron’s. “Not only will it provide PerfectHome growth capital, it will also enable Aaron’s to learn about the U.K. market for possible future expansion there and perhaps provide an eventual gateway into other European markets. Although we feel our growth prospects remain excellent in the U.S., we plan to further explore international opportunities that could complement domestic growth.”
 
 
 
 

 
 
Aaron’s, Inc., based in Atlanta, currently has more than 1,900 Company-operated and franchised stores in 48 states and Canada.  The Company’s Woodhaven Furniture Industries division manufactured approximately $79 million, at cost, of furniture and bedding in 2010 and currently has plants at 13 facilities in eight states.  The entire production of Woodhaven is for shipment to Aaron’s stores.
 
 
 “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron’s, Inc.’s business that 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 “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010.  Statements in this release that are “forward-looking” include without limitation any statements concerning future international growth of the Aaron’s business.