0001144204-12-048244.txt : 20120828 0001144204-12-048244.hdr.sgml : 20120828 20120827183151 ACCESSION NUMBER: 0001144204-12-048244 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120821 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120828 DATE AS OF CHANGE: 20120827 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: 121058047 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 v322530_8k.htm 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 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.

 

 

 

EX-99.1 2 v322530_ex99-1.htm EXHIBIT 99.1

 

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.

 

###

 

 

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