Aaron'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's Board of Directors at the Company's 2014 Annual Meeting of Shareholders.
The Nominating and Corporate Governance Committee of Aaron's Board will review the nominations as part of its normal process and the Board will present its recommendation in due course. Aaron's shareholders are not required to take any action at this time.
Greenberg Traurig, LLP is serving as lead legal advisor and The Blackstone Group and Goldman, Sachs & Co. are serving as financial advisors to Aaron's.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron's, Inc.'s business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as changes in general economic conditions, competition, pricing, litigation, customer privacy, information security, customer demand and other issues, and the risks and uncertainties discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
Gilbert L. Danielson
Executive Vice President, Chief Financial Officer
Steve Frankel / Tim Lynch / James Golden
Joele Frank, Wilkinson Brimmer Katcher
SOURCE Aaron's, Inc.