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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):
September 14, 2006
Rent-A-Center, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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0-25370
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45-0491516 |
(State or other jurisdiction
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(Commission File Number)
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(IRS Employer |
of incorporation)
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Identification No.) |
5700 Tennyson Parkway
Suite 100
Plano, Texas 75024
(Address of principal executive offices, including zip code)
(972) 801-1100
(Registrants telephone number including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
þ 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-14(c) under the Exchange Act (17 CFR
240.13e-14(c))
TABLE OF CONTENTS
Item 8.01
Other Events.
On September 14, 2006, Rent-A-Center, Inc. and Rent-Way, Inc. announced that the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to
Rent-A-Centers proposed acquisition of Rent-Way, expired on September 13, 2006. A copy of the
joint press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
IMPORTANT INFORMATION
In connection with the proposed merger, Rent-Way has filed a preliminary proxy statement and
intends to file a final proxy statement and related materials concerning the transaction with the
U.S. Securities and Exchange Commission, or SEC. THESE DOCUMENTS WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED MERGER AND SHAREHOLDERS ARE URGED TO READ THEM CAREFULLY WHEN THEY
BECOME AVAILABLE. When available, Rent-Way will mail the final proxy statement and related
materials to its shareholders. When filed with the SEC, the final proxy statement and related
materials will be available for free (along with any other document and reports filed by Rent Way
with the SEC) at the SECs website, http://www.sec.gov, and at Rent-Ways website,
http://www.rentway.com.
Participant Information
Rent-Way and its directors and executive officers may be deemed to be participants in the
solicitation of proxies from Rent-Way shareholders in connection with the proposed merger. Certain
information regarding the participants and their interests in the solicitation is set forth in the
proxy statement for Rent-Ways 2006 annual meeting of shareholders filed with the SEC on January
31, 2006, and a Form 10-K filed by Rent-Way with the SEC on December 29, 2005, both of which are
available free of charge from the SEC and Rent-Way at their web sites as indicated above.
Information regarding the interests of these persons in the solicitation will be more specifically
set forth in the final proxy statement concerning the proposed merger that will be filed by
Rent-Way with the SEC and which will be available free of charge from the SEC and from Rent-Way at
their websites, as indicated above.
In addition, Rent-A-Center and its officers and directors may be deemed to have participated in the
solicitation of proxies from Rent-Ways shareholders in favor of the approval of the acquisition.
Information concerning Rent-A-Centers directors and executive officers is set forth in
Rent-A-Centers proxy statement for its 2006 annual meeting of stockholders, which was filed with
the SEC on March 31, 2006, and annual report on Form 10-K filed with the SEC on March 10, 2006.
These documents are available free of charge at the SECs web site at www.sec.gov or by going to
Rent-A-Centers Investor Relations Website at www.rentacenter.com.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit 99.1 Press
Release, dated September 14, 2006. |
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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.
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RENT-A-CENTER, INC. |
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Date: September 14, 2006 |
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By:
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/s/ Mark E. Speese
Mark E. Speese
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Chairman and Chief Executive Officer |
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EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
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99.1
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Press Release, dated September 14, 2006. |
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exv99w1
Exhibit 99.1
For Immediate Release:
RENT-A-CENTER, INC. AND RENT-WAY, INC. ANNOUNCE
EXPIRATION OF HART-SCOTT-RODINO WAITING PERIOD
Plano, Texas, September 14, 2006 Rent-A-Center, Inc. (the Company or Rent-A-Center)
(NASDAQ/NGS: RCII), the nations largest rent-to-own operator, and Rent-Way, Inc. (Rent-Way)
(NYSE: RWY), a major rental purchase company operating 784 stores in 34 states, announced today
that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended,
relating to the Companys proposed acquisition of Rent-Way, expired on September 13, 2006. The
proposed merger, which the parties anticipate will be completed in the fourth quarter of 2006,
remains subject to approval by the shareholders of Rent-Way and other customary closing conditions
for a transaction of this nature.
Rent-A-Center, Inc., headquartered in Plano, Texas, currently operates approximately 2,750
company-owned stores nationwide and in Canada and Puerto Rico. The stores generally offer
high-quality, durable goods such as major consumer electronics, appliances, computers and furniture
and accessories under flexible rental purchase agreements that generally allow the customer to
obtain ownership of the merchandise at the conclusion of an agreed upon rental period. ColorTyme,
Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 290
rent-to-own stores, approximately 282 of which operate under the trade name of ColorTyme, and the
remaining 8 of which operate under the Rent-A-Center name.
Rent-Way offers quality, brand name home entertainment equipment, furniture, computers, major
appliances and jewelry at approximately 784 rental-purchase stores in 34 states. Established in
1981, Rent-Way is headquartered in Erie, Pennsylvania, and employs approximately 4,000 associates.
IMPORTANT INFORMATION
In connection with the proposed merger, Rent-Way has filed a preliminary proxy statement and
intends to file a final proxy statement and related materials concerning the transaction with the
U.S. Securities and Exchange Commission, or SEC. THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED MERGER AND SHAREHOLDERS ARE URGED TO READ THEM CAREFULLY WHEN THEY BECOME
AVAILABLE. When available, Rent-Way will mail the final proxy statement and related materials to
its shareholders. When filed with the SEC, the final proxy statement and related materials will be
available for free (along with any other document and reports filed by Rent Way with the SEC) at
the SECs website, http://www.sec.gov, and at Rent-Ways website, http://www.rentway.com.
Participant Information
Rent-Way and its directors and executive officers may be deemed to be participants in the
solicitation of proxies from Rent-Way shareholders in connection with the proposed merger. Certain
information regarding the participants and their interests in the solicitation is set forth in the
proxy statement for Rent-Ways 2006 annual meeting of shareholders filed with the SEC on January
31, 2006, and a Form 10-K filed by Rent-Way with the SEC on December 29, 2005, both of which are
available free of charge from the SEC and Rent-Way at their web sites as indicated above.
Information regarding the interests of these persons in the solicitation will be more specifically
set forth in the final proxy statement concerning the proposed merger that will be filed by
Rent-Way with the SEC and which will be available free of charge from the SEC and from Rent-Way at
their websites, as indicated above.
In addition, Rent-A-Center and its officers and directors may be deemed to have participated in the
solicitation of proxies from Rent-Ways shareholders in favor of the approval of the acquisition.
Information concerning Rent-A-Centers directors and executive officers is set forth in
Rent-A-Centers proxy statement for its 2006 annual meeting of stockholders, which was filed with
the SEC on March 31, 2006, and annual report on Form 10-K filed with the SEC on March 10, 2006.
These documents are available free of charge at the SECs web site at www.sec.gov or by going to
Rent-A-Centers Investor Relations Website at www.rentacenter.com.
This press release contains forward-looking statements that involve risks and uncertainties.
Such forward-looking statements generally can be identified by the use of forward-looking
terminology such as may, will, expect, intend, could, estimate, should, anticipate,
or believe, or the negative thereof or variations thereon or similar terminology. Although the
parties believe that the expectations reflected in such forward-looking statements will prove to be
correct, the parties can give no assurance that such expectations will prove to have been correct.
The actual future performance of the Company and Rent-Way could differ materially from such
statements. Factors that could cause or contribute to such differences include, but are not limited
to: (i) the approval of the transaction by Rent-Ways shareholders, (ii) the ability of the
parties to close the transaction in the time period currently anticipated, (iii) the satisfaction
of the closing conditions to the transaction, (iv) the Companys ability to obtain acceptable
financing, and (v) the other risks detailed from time to time in the Companys and Rent-Ways SEC
reports, including but not limited to, the Companys annual report on Form 10-K for the year ended
December 31, 2005 and its quarterly reports on Form 10-Q for the quarters ended March 31, 2006 and
June 30, 2006 and Rent-Ways annual report on Form 10-K for the year ended September 30, 2005 and
its quarterly reports on Form 10-Q for the quarters ended December 31, 2005, March 30, 2006 and
June 30, 2006. You are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. Except as required by law, the Company and
Rent-Way are not obligated to publicly release any revisions to these forward-looking statements to
reflect the events or circumstances after the date of this press release or to reflect the
occurrence of unanticipated events.
Contact for Rent-A-Center, Inc.:
David E. Carpenter
Vice President of Investor Relations
(972) 801-1214
dcarpenter@racenter.com
Contact for Rent-Way, Inc.:
John A. Lombardi
Senior Vice President and CFO
(814) 461-5258
jlombardi@rentway.com