2014 Press Releases

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Aaron's, Inc. Acquires Progressive Finance Holdings, LLC (Replay)
04/15/14 at 8:30 a.m. ET
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Q1 2014 Aaron's Inc. Earnings Conference Call (Live)
04/25/14 at 10:00 a.m. ET
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04/16/14Aaron's, Inc. Receives Strong Support From Franchisees
ATLANTA, April 16, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has received strong support from its franchisees in connection with the Company's acquisition of Progressive Finance Holdings, LLC ("Progressive"), and Aaron's new strategic plan. In connection with these announcements, Aaron's held a conference call and meetings with its franchisees wh... 
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04/15/14Aaron's, Inc. Reduces 2014 First Quarter Revenue and Earnings Guidance
ATLANTA, April 15, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the  leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced it is reducing the Company's 2014 first quarter revenue and earnings guidance. "Like many retail companies, we continue to be adversely affected by the current macroeconomic environment, and many of our stores were negatively impacted by abnormal weather conditions during the quarter," said Ro... 
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04/15/14Aaron's, Inc. Issues Open Letter to Shareholders
Transformative Acquisition of Progressive Will Create Lease-to-Own Leader Transaction Will Be Double-Digit Accretive to Cash EPS in 2014 and Significantly More Accretive in 2015 Outlines Plan to Deliver Top-Line Growth, Operating Margin Expansion and Increased Cash Flow from the Core Aaron's Business Board Unanimously Determines to Reject Vintage Capital Unsolicited Proposal as Inadequate and Illusory Names Ray Robinson Chairman of the Board and Adopts Substantial Corporate Governanc... 
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04/15/14Aaron's, Inc. Acquires Progressive Finance Holdings, LLC, A Leading Virtual Lease-To-Own Company
Provides Important Expansion into Virtual Rent-to-Own Market Accelerates Revenue and Earnings Growth by Providing Complementary Strategic Channel and Enhancing Aaron's Customer Payment Capabilities John Robinson, CEO of Progressive, to Join Aaron's as EVP of Aaron's and CEO of Progressive Transaction Will Be Double-Digit Accretive to Cash EPS in 2014 and Significantly More Accretive in 2015 ATLANTA and DRAPER, Utah, April 15, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE... 
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04/09/14Aaron's, Inc. Announces First Quarter 2014 Earnings Call and Webcast
ATLANTA, April 9, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced it will host a conference call on Friday, April 25, 2014, at 10:00 am Eastern Time to discuss its first quarter 2014 financial results.  The public is invited to listen to the conference call by webcast accessible through the Company's website, www.aaronsinc.com, in the ... 
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04/01/14Aaron's, Inc. Provides Update To Shareholders
ATLANTA, April 1, 2014 /PRNewswire/ -- 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, today issued the following statement: As previously announced, the Aaron's Board of Directors has formed a Transaction Committee consisting of outside independent directors to undertake a broad review of opportunities to enhance long-term value for all of Aaron's shareholders, in... 
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03/24/14Aaron's Gives Back to Orlando Community with Day of Outreach
ATLANTA, March 24, 2014 /PRNewswire/ -- More than 2,000 managers from 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, will give back to the community on Monday, March 24, as a day of service to hundreds of Orlando-area families. For the sixth year in a row, more than 2,000 Aaron's associates will transform its annual national managers meeting into a city-wide giv... 
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03/07/14Aaron's, Inc. Provides Update On Transaction Committee's Evaluation Of Opportunities To Enhance Shareholder Value
ATLANTA, March 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today provided an update on the evaluation underway by the Transaction Committee of Aaron's Board of Directors. As previously announced on February 21, 2014, the Aaron's Board has formed a Transaction Committee consisting of independent outside directors, with the assistance of its p... 
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03/07/14Aaron's, Inc. Confirms Receipt Of Director Nominations
No Shareholder Action Required at this Time ATLANTA, March 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today confirmed that Vintage Capital Management, LLC ("Vintage") and Starboard Value LP ("Starboard") have each submitted to the Company notices of nomination of five candidates and four candidates, respectively, for election to the Aaron... 
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02/28/14Aaron's, Inc. Names Michael P. Ryan VP Of Franchising; Henri Rogers Succeeds Ryan As Divisional VP Of Northern Operations
ATLANTA, Feb. 28, 2014 /PRNewswire/ -- 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 Michael P. Ryan has been named Vice President of Franchising.  Todd Evans, current Vice President of Franchising, will be leaving Aaron's to pursue other opportunities.  Henri Rogers, Senior Regional Manager for Aaron's Three Rivers region, will succeed Michael ... 
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02/21/14Aaron's, Inc. Provides Shareholder Update
ATLANTA, Feb. 21, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today provided a shareholder update with respect to the publicly filed letter to the Aaron's Board of Directors from Mr. Brian Kahn, the Managing Member of Vintage Capital Management, LLC ("Vintage"). The Company notes that Mr. Kahn, a former franchisee of Aaron's, and Vintage, which... 
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02/19/14Aaron's, Inc. Directors Declare Dividend
ATLANTA, Feb. 19, 2014 /PRNewswire/ -- The Board of Directors of Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics and home appliances and accessories, has declared a quarterly cash dividend.  The dividend declared is $.021 per share on Common Stock, payable April 1, 2014 to shareholders of record as of the close of business on March 4, 2014. Aaron's, Inc., based in Atlanta, currently has more than 2,11... 
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02/07/14Aaron's, Inc. Reports Fourth Quarter and Year End Results
-- Total Revenues Down 2% for Quarter; Up 1% for Year -- GAAP Diluted EPS of $.30 for Quarter; $1.58 for Year -- Non-GAAP Diluted EPS of $.30 for Quarter; $1.86 for Year ATLANTA, Feb. 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced revenues and earnings for the three and twelve months ended December 31, 2013. "As we pre... 
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02/07/14Aaron's, Inc. Statement on Vintage Capital Management Unsolicited Offer
ATLANTA, Feb. 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced that the Aaron's Board of Directors has been informed of an unsolicited offer to acquire the Company.  The Board of Directors will evaluate the offer in line with its fiduciary duties.  The Company is not currently in discussions with any party regarding any offer to acqu... 
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01/20/14Aaron's Announces Sale of RIMCO Stores
ATLANTA, Jan. 20, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN) announced today the sale of all of the assets of its RIMCO operations to Rent-A-Wheel /Rent-A-Tire.  RIMCO and Rent-A-Wheel/Rent-A-Tire stores offer consumers the sales and lease ownership of automobile tires, wheels, and rims. (Logo: http://photos.prnewswire.com/prnh/20130826/CL69318LOGO ) "We feel that the sale of RIMCO will be positive for both Aaron's and Rent-A-Wheel /Rent-A-Tire," said Ronald W. Allen, Chairman, Preside... 
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01/13/14Aaron's, Inc. Reduces 2013 Fourth Quarter Revenue and Earnings Guidance; Gives Initial Outlook for 2014
ATLANTA, Jan. 13, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced it is reducing its 2013 fourth quarter revenue and earnings guidance as well as providing an initial financial outlook for 2014. "Revenue and customer growth continue to be less than previous expectations, with the result that earnings will be lower in the fourth qua... 
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