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 21, 2012
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 21, 2012, the Board of Directors of Aaron’s, Inc. (the “Company”) elected Ms. Kathy Betty as a member of the Board of Directors of the Company and as a member of the Audit Committee. The election was effective August 22, 2012.
During part of 2011, Ms. Betty was part owner and managing partner of the women’s professional basketball team, the Atlanta Dream. The Company has been a sponsor of the Dream for a number of years. The value of the Company’s sponsorship of the team in 2011 was approximately $250,000. Ms. Betty sold her entire ownership interest in the Dream and ceased employment with the team in September 2011.
Item 7.01 | Regulation FD Disclosure. |
The Company issued a press release on August 24, 2012 announcing the election of Ms. Betty to the Company’s Board of Directors. The press release is furnished herewith as Exhibit 99.1.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | Description |
99.1 | Press Release of the Company regarding New Director, dated August 24, 2012. |
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 27, 2012 |
Gilbert L. Danielson Executive Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description |
99.1 | Press Release of the Company regarding New Director, dated August 24, 2012. |
FOR IMMEDIATE RELEASE | MEDIA CONTACT: | Garet Hayes |
ghayes@hopebeckham.com | ||
Office: 404.604.2602 |
AARON’S CONTINUES BOARD EXPANSION
WITH ADDITION OF KATHY BETTY
ATLANTA (August 24, 2012) – Aaron’s, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, announced today that Kathy Betty has been elected to its Board of Directors. Betty is a prominent Atlanta businesswomen and former owner of the WNBA Atlanta Dream.
“Kathy’s deep knowledge of business management and entrepreneurism will be a tremendous asset to our Board,” said Ronald W. Allen, CEO and President of Aaron’s, Inc. “She has achieved outstanding success through her many different business ventures and remains well connected throughout the Atlanta community and beyond. We are pleased to welcome her to our Board and look forward to drawing upon her expertise as we continue to grow and progress.”
Betty was one of the first female partners with Ernst & Young and helped develop the methodologies for the practices of performance improvement and reengineering. She later served as Executive Vice President and Partner with ScottMadden, Inc. and launched her own incubator company, The Tradewind Group. In 2009, Betty became the first woman in Atlanta history to own a professional sports team after purchasing the WNBA Atlanta Dream and saving the franchise from being moved to another city.
She was the recipient of the YWCA of Greater Atlanta 2011 Woman of Achievement Award, the Cool Girls 2011 Pink Empowerment Award and was selected by the Atlanta Business Chronicle as one of the 100 Most Influential Atlantans. Betty serves on the boards of the Children’s Healthcare of Atlanta Foundation, YMCA of Metropolitan Atlanta, Carter Center Board of Councilors, and the Alexander-Tharpe Fund, Georgia Institute of Technology.
Betty’s addition to the Aaron’s Board is the second this month. Two weeks prior, the Company announced that Hubert L. Harris, Jr., the former CEO of Invesco North America, was also elected to the Aaron’s Board of Directors.
About Aaron’s, Inc.
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, has more than 1,985 Company-operated and franchised stores in 48 states and Canada. Founded in 1955 by entrepreneur and current Chairman R. Charles Loudermilk, Sr. and headquartered in Atlanta, Aaron's has been publicly traded since 1982. For more information, visit www.aarons.com.
###