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): February 17, 2009
(Exact
name of Registrant as Specified in its Charter)
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(State
or other Jurisdiction of Incorporation or Organization)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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309
E. Paces Ferry Road, N.E.
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(Address
of principal executive offices)
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(Zip
code)
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Registrant’s
telephone number, including area code: (404) 231-0011
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 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
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Regulation
FD Disclosure.
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Furnished herewith as Exhibit 99.1 are
restated unaudited consolidated statements of earnings of Aaron Rents, Inc. (the
“Company”) for the three-month periods ended March 31, 2008, June 30, 2008,
September 30, 2008, March 31, 2007, June 30, 2007, and September 30,
2007. These statements have been restated to report the net earnings
of the Company’s Aaron’s Corporate Furnishings division as discontinued
operations for all periods presented.
As previously reported, on September
15, 2008, the Company announced that it had entered into an agreement to sell
substantially all of the assets of its Aaron’s Corporate Furnishings division to
CORT Business Services Corporation and to transfer certain liabilities of the
division to CORT. The Company consummated the sale in the fourth quarter of
2008.
Pursuant to Statement of Financial
Accounting Standards No. 144, “Accounting for the Impairment or Disposal of
Long-Lived Assets,” the Company will no longer include the revenues and expenses
of the Aaron’s Corporate Furnishings division on the Company’s statement of
earnings, and will instead report net earnings of the business as discontinued
operations in future financial statements. Prior periods have been
restated to reflect this change in accounting treatment and the assets of the
business were reflected as assets held for sale on the Company’s balance sheet
until the transaction closed.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits
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99.1
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Restated
Unaudited Consolidated Statements of Earnings of Aaron Rents, Inc. for the
Three-Month Periods Ended March 31, 2008, June 30, 2008, September 30,
2008, March 31, 2007, June 30, 2007, and September 30,
2007
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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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AARON
RENTS, INC.
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By:
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/s/ Gilbert L. Danielson
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Date: February
17, 2009
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Gilbert
L. Danielson
Executive
Vice President,
Chief
Financial Officer
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