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)
October 28, 2010
RENT-A-CENTER, INC.
(Exact name of registrant as specified in charter)
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Delaware
(State or other
jurisdiction of
incorporation or organization)
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0-25370
(Commission File Number)
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45-0491516
(IRS Employer
Identification No.) |
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
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Item 7.01 |
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Regulation FD Disclosure. |
On October 27, 2010, 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 $600 million to $800 million. Under the Companys common stock
repurchase plan, shares may be repurchased in the open market or in privately negotiated
transactions at times and amounts considered appropriate by the Company.
The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, 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 the liabilities of that section, unless the Company
specifically states that the information is to be considered 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.
On October 28, 2010, the Company issued a press release announcing that it intends to offer,
pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, up to $300
million in principal amount of senior unsecured notes due 2020. The Company intends to use a
portion of the net proceeds from the offering to repay term loans under the Companys existing
senior credit facilities. The Company intends to use the remaining net proceeds from the
offering, together with cash on hand, to repurchase shares of the Companys common stock.
This report and the statements contained in Exhibit 99.2 do not and shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any
securities in any state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
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Item 9.01 |
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Financial Statements and Exhibits |
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99.1 |
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Press Release issued on October 27, 2010 by Rent-A-Center, Inc. |
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99.2 |
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Press Release issued on October 28, 2010 by Rent-A-Center, Inc. |