AARONS, INC. (NYSE:AAN) Files An 8-K Regulation FD Disclosure


AARONS, INC. (NYSE:AAN) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.

John W. Robinson III, President and Chief Executive Officer of Aaron’s, Inc. (the “Company”), Steven A. Michaels, Chief Financial Officer and President of Strategic Operations of the Company, and Robert W. Kamerschen, EVP, General Counsel, Chief Administrative Officer and Corporate Secretary of the Company each expect to enter into individual sales plans to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (each a “10b5-1 Sales Plan”). The purpose of each of the 10b5-1 Sales Plans will be to provide investment diversification and liquidity for each of the foregoing executives as well as to assist with their overall tax and financial planning. Once executed, each sale transaction will be disclosed publically through a Form 4 filing with the Securities and Exchange Commission.

In addition, and in connection with its previously authorized share repurchase program, during calendar year 2017 the Company anticipates entering into one or more purchase plans to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (each a “10b5-1 Purchase Plan”) to repurchase up to $150 million of the Company’s common stock. Because any repurchases under a 10b5-1 Purchase Plan will be subject to certain pricing parameters, there is no guarantee as to the exact number of shares that will be repurchased, or that there will be any repurchases at all to any 10b5-1 Purchase Plan.


Aaron’s, Inc. is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators. Its stores carry brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, Philips, JVC, Sharp and Magnavox. It has approximately 2,040 stores, which consist of over 1,300 Company-operated stores in approximately 30 states, and over 730 independently owned franchised stores in approximately 47 states and Canada. DAMI serves customers that may not qualify for traditional prime lending and desire to purchase goods and services from participating merchants.

AARON’S, INC. (NYSE:AAN) Recent Trading Information

AARON’S, INC. (NYSE:AAN) closed its last trading session up +0.16 at 27.34 with 538,223 shares trading hands.