Aarons Holdings Company Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$AAN
Diversified Commercial Services
Consumer Discretionary
Get the next $AAN alert in real time by email
aan-20241003
false000182139300018213932024-10-032024-10-03

UNITED STATES
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):    October 3, 2024
 THE AARON'S COMPANY, INC.
(Exact name of Registrant as Specified in Charter)
Georgia
1-39681
85-2483376
(State or other Jurisdiction of Incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
400 Galleria Parkway SESuite 300AtlantaGeorgia30339-3194
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (678) 402-3000
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 Instructions 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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading SymbolName of each exchange on which registered
Common Stock, $0.50 Par ValueAAN New York Stock Exchange



    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




ITEM 7.01.     REGULATION FD DISCLOSURE

On October 3, 2024, The Aaron’s Company, Inc. (the “Company”) issued a press release announcing the completion of the previously announced acquisition of the Company by IQVentures Holdings, LLC. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits:
Exhibit No.Description
Exhibit 104Cover Page Interactive Data File (embedded within the Inline XBRL document).



















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.

THE AARON'S COMPANY, INC.
By:
/s/ C. Kelly Wall
Date:
October 3, 2024
C. Kelly Wall
Chief Financial Officer



Get the next $AAN alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$AAN

DatePrice TargetRatingAnalyst
6/7/2024Neutral
BTIG Research
3/8/2024$7.00Market Perform
TD Cowen
1/2/2024Equal-Weight → Overweight
Stephens
7/10/2023$15.00 → $14.00Buy → Hold
Loop Capital
10/24/2022$6.50Neutral → Underperform
BofA Securities
7/12/2022$16.00Hold
Truist
More analyst ratings

$AAN
Press Releases

Fastest customizable press release news feed in the world

See more
  • IQVentures Completes Acquisition of The Aaron's Company

    ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) today announced the completion of its acquisition by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. With the completion of the transaction, The Aaron's Company's common stock will cease trading as of today and will no longer be listed on the NYSE.

    $AAN
    Diversified Commercial Services
    Consumer Discretionary
  • IQVentures To Complete Acquisition of The Aaron's Company

    ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) and IQVentures Holdings, LLC ("IQVentures") today announced that they expect to complete the previously announced acquisition by IQVentures of The Aaron's Company later today. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. Upon completion of the transaction, The Aaron's Company's common stock will cease trading and will no longer be listed on the NYSE. Advisors J.P. Morgan Securities

    $AAN
    Diversified Commercial Services
    Consumer Discretionary
  • The Aaron's Company, Inc. Reports Second Quarter 2024 Financial Results

    ATLANTA, Aug. 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) today released its second quarter 2024 financial results. Highlights of those results are included below, in the attached supplement, and at investor.aarons.com. Second Quarter 2024 Consolidated Results: Revenues were $503.1 millionNet loss was $11.9 millionAdjusted EBITDA1 was $24.5 millionLoss per share was $0.39; Non-GAAP loss per share1 was $0.07Key Business Highlights2: Announced the Company entered into a definitive agreement to be acquired by IQVentures Holdings, LLC for $10.10 per shareAaron's Business recurring revenue written increased 6.1% driven by 11.1% growth in lease m

    $AAN
    Diversified Commercial Services
    Consumer Discretionary

$AAN
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$AAN
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$AAN
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$AAN
SEC Filings

See more

$AAN
Leadership Updates

Live Leadership Updates

See more
  • AARON'S NAMES TWO NEW INDEPENDENT BOARD MEMBERS

    ATLANTA, Sept. 13, 2023 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the appointment of Wangdali (Wali) Bacdayan and Kristine (Kris) K. Malkoski to its Board of Directors effective on October 1, 2023. "On behalf of the entire Board of Directors, I would like to welcome Wali and Kris as the newest members of the Aaron's board," said John Robinson, chair of The Aaron's Company Board of Directors. "We believe their strong backgrounds and independence make t

    $AAN
    Diversified Commercial Services
    Consumer Discretionary

$AAN
Financials

Live finance-specific insights

See more
  • IQVentures Completes Acquisition of The Aaron's Company

    ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) today announced the completion of its acquisition by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. With the completion of the transaction, The Aaron's Company's common stock will cease trading as of today and will no longer be listed on the NYSE.

    $AAN
    Diversified Commercial Services
    Consumer Discretionary
  • IQVentures To Complete Acquisition of The Aaron's Company

    ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) and IQVentures Holdings, LLC ("IQVentures") today announced that they expect to complete the previously announced acquisition by IQVentures of The Aaron's Company later today. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. Upon completion of the transaction, The Aaron's Company's common stock will cease trading and will no longer be listed on the NYSE. Advisors J.P. Morgan Securities

    $AAN
    Diversified Commercial Services
    Consumer Discretionary
  • The Aaron's Company, Inc. Reports Second Quarter 2024 Financial Results

    ATLANTA, Aug. 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) today released its second quarter 2024 financial results. Highlights of those results are included below, in the attached supplement, and at investor.aarons.com. Second Quarter 2024 Consolidated Results: Revenues were $503.1 millionNet loss was $11.9 millionAdjusted EBITDA1 was $24.5 millionLoss per share was $0.39; Non-GAAP loss per share1 was $0.07Key Business Highlights2: Announced the Company entered into a definitive agreement to be acquired by IQVentures Holdings, LLC for $10.10 per shareAaron's Business recurring revenue written increased 6.1% driven by 11.1% growth in lease m

    $AAN
    Diversified Commercial Services
    Consumer Discretionary

$AAN
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more