-----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, OM2CgACVLRdx7xCipImitV3gTejw/1cpEy3WyQOTlKBkyC0LXVLziMcmGt+F7Y0U J7eNHscjAQp9YQdR1FXgOA== 0001275287-05-003419.txt : 20050901 0001275287-05-003419.hdr.sgml : 20050901 20050901133550 ACCESSION NUMBER: 0001275287-05-003419 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050831 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050901 DATE AS OF CHANGE: 20050901 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: 051064099 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 ar3514.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 31, 2005 ---------- 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) 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 Aaron Rents, Inc. (the "Company") issued a press release providing an update of the effects of Hurricane Katrina on operations. A copy of the Company's press release is attached as Exhibit 99.1. ITEM 9.01. FINANCIAL STATEMENTS 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 31, 2005 (furnished pursuant to Item 7.01 of 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: September 1, 2005 Chief Financial Officer EX-99.1 2 ar3514ex991.txt EXHIBIT 99.1 Exhibit 99.1 ATLANTA, Aug. 31 -- Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the rental, sales and lease ownership, and specialty retailing of residential and office furniture, consumer electronics and home appliances and accessories, today stated that it is currently assessing the impact of Hurricane Katrina on the operations of its stores in Louisiana, Mississippi, and Alabama. Preliminary reports indicate that the damage to these stores will be significant. As of today, 20 Aaron's Sales & Lease Ownership stores are closed and 12 stores in Louisiana and Mississippi are either underwater or have significant water damage. "Our foremost concern is the safety and well being of our employees and customers, as well as all of the citizens of the affected areas," said R. Charles Loudermilk, Sr. Chairman and Chief Executive Officer of Aaron Rents. "The current difficulty in communicating to our employees and getting to many of the stores has made an accurate assessment of the damage impossible at this time. It could be weeks or months before the actual cost of the hurricane can be determined." Aaron Rents currently has 46 stores in Louisiana, 25 stores in Mississippi, and 34 stores in Alabama. Of these stores, one store in Louisiana, five stores in Mississippi, and 16 stores in Alabama are franchised operations. The most severely effected stores at this time are eight Company- operated stores in the New Orleans area and three Company-operated stores and a franchised store on the Mississippi coast. Based upon a very preliminary assessment, total property loss and business interruption expense for all of the stores affected by the hurricane could range from $5,000,000 to $10,000,000. This loss would include insured losses of merchandise, property, and other contents at store locations in addition to uninsured losses of merchandise in customer's homes. In addition, although not possible to accurately estimate at this time, a significant amount of ongoing business will be lost for a substantial period of time at the most seriously damaged stores. The current total average monthly revenue at the above-mentioned New Orleans and coastal Mississippi stores is approximately $1,100,000 per month. "Our business was adversely impacted somewhat in the third quarter of last year by the three hurricanes in Florida," Mr. Loudermilk, Sr. continued. "However, those hurricanes did not have the significant widespread flooding and water damage these communities are experiencing from Katrina. Our history on past major hurricanes, such as Hurricane Andrew a number of years ago, is that our business substantially picks up three to six months after the storm occurs as customers, many with the aid of government assistance, return to homes and need replacement furnishings." The Company is designating $200,000 of funds in the Aaron's Community Outreach Program for assistance to Company employees affected by the hurricane and is also donating 50,000 cases of bottled water to the American Red Cross. Aaron Rents, Inc. based in Atlanta, currently has more than 1,135 Company- operated and franchised stores in 46 states, Canada, and Puerto Rico 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 2004, which discussion is incorporated herein by this reference. -----END PRIVACY-ENHANCED MESSAGE-----