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):
April 29, 2013 (April 26, 2013)
RENT-A-CENTER, INC.
(Exact name of registrant as specified in charter)
Delaware |
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0-25370 |
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45-0491516 |
5501 Headquarters Drive
Plano, Texas 75024
(Address of principal executive offices and zip code)
(972) 801-1100
(Registrants telephone
number, including area code)
N/A
(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 7.01 Regulation FD Disclosure.
On April 26, 2013, Rent-A-Center, Inc. (the Company) issued a press release announcing that its board of directors increased the authorization for stock repurchases under the Companys common stock repurchase plan from $1 billion to $1.25 billion. Under the Companys common stock repurchase plan, shares may, from time to time, be repurchased in the open market or in privately negotiated transactions at amounts considered appropriate by the Company. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information furnished in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed to be filed for purposes of Section 18 of the Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to liabilities of that section, unless the Company specifically states that the information is considered to be filed under the Exchange Act or incorporates it by reference into a filing under the Exchange Act or the Securities Act of 1933, as amended.
Item 9.01 |
Financial Statements and Exhibits |
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99.1 |
Press Release issued on April 26, 2013 by Rent-A-Center, Inc. |
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: April 29, 2013 |
By: |
/s/ Robert D. Davis |
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Robert D. Davis |
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Executive Vice PresidentFinance, Chief Financial Officer and Treasurer |
EXHIBIT INDEX
Exhibit No. |
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Description |
99.1 |
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Press Release issued on April 26, 2013 by Rent-A-Center, Inc. |
Exhibit 99.1
For Immediate Release:
RENT-A-CENTER ANNOUNCES INCREASED
AUTHORIZATION OF STOCK REPURCHASES
PLANO, Texas, April 26, 2013 Rent-A-Center, Inc. (the Company) (NASDAQ/NGS: RCII) today announced that its Board of Directors has increased the authorization for stock repurchases under the Companys common stock repurchase plan from $1 billion to $1.25 billion. Under the Companys common stock repurchase plan, shares may, from time to time, be repurchased in the open market or in privately negotiated transactions at amounts considered appropriate by the Company. To date, the Company has repurchased a total of 31,585,314 shares of the Companys common stock for an aggregate purchase price of approximately $794.8 million since the repurchase plans inception. In the current year, the Company has repurchased a total of 465,035 shares for approximately $17.4 million in cash.
Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest rent-to-own operator in North America, focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality, durable goods such as consumer electronics, appliances, computers, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The Company owns and operates approximately 3,111 stores in the United States, Canada, Mexico and Puerto Rico, and approximately 1,053 RAC Acceptance kiosk locations in the United States and Puerto Rico. ColorTyme, Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 224 rent-to-own stores operating under the trade name of ColorTyme. For additional information about the Company, please visit www.rentacenter.com.
Contact for Rent-A-Center, Inc.:
David E. Carpenter
Vice President of Investor Relations
(972) 801-1214
david.carpenter@rentacenter.com