SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 24, 2012
(Exact name of Registrant as Specified in its Charter)
|(State or other Jurisdiction of
Incorporation or Organization)
309 E. Paces Ferry Road, N.E.
|(Address of principal executive offices)||(Zip code)|
Registrant’s telephone number, including area code: (404) 231-0011
(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 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On July 24, 2012, Aaron’s, Inc. (the “Company”) issued a press release to announce its financial results for the second quarter and first half of 2012. A copy of the press release is furnished herewith as Exhibit 99.1.
The press release presents the Company’s net earnings and diluted earnings per share excluding a $36.5 million charge recorded in the second quarter of 2011 related to a previously announced lawsuit verdict against the Company, and associated legal fees and expenses, and the subsequent reversal into income of $35.5 million of such charge in the first quarter of 2012 related to the settlement of that lawsuit. These measures are not presented in accordance with generally accepted accounting principles in the United States (“GAAP”).
While the lawsuit may not be considered
as non-recurring in nature in a strictly accounting sense, management regards the circumstances of this particular lawsuit as infrequent
and not arising out of the ordinary course of business. The lawsuit adjustments involve matters that are not entirely susceptible
to prediction or effective management, and consequently management believes that presentation of net earnings and diluted earnings
per share excluding the recording and subsequent reversal of this accrual is useful because it gives investors supplemental information
to evaluate and compare the performance of the Company’s underlying core business from period to period. Non-GAAP financial
measures, however, should not be used as a substitute for, or considered superior to, measures of financial performance prepared
in accordance with GAAP, such as the Company’s GAAP basis net earnings and diluted earnings per share, which are also presented
in the press release.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
|99.1||Aaron’s, Inc. press release dated July 24, 2012, announcing the Company’s financial results for the second quarter of 2012 (furnished pursuant to Item 2.02 of Form 8-K).|
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.
|By:||/s/ Gilbert L. Danielson|
|Date: July 24, 2012||
Gilbert L. Danielson
Executive Vice President,
Chief Financial Officer