04-08-02
RTO Online
Aaron Rents annual shareholders meeting is scheduled for May 7th, 2002. The
meeting will be held at 10:am on the 4th floor of Sun Trust Plaza, 303 Peachtree
St. Atlanta, GA 30303.
Aaron Rents
Factoids
|
Aarons added 117 new
stores
in 2001
|
Aaron Rents employs
approx.
4200 people
|
The average Aaron Rents
store
is 9000 square feet
|
Electronics and
Appliances
accounted for 55% of Aaron's
revenue. Furniture 37%,
Computers 7%
|
Aarons has underperformed
both the S&P Small cap 600
and their Peer group
(Rent A Center and RentWay)
in 4 of the last 5 years
|
There were no stock
options
granted to the named
Executive Officers during the
last fiscal year
|
Ernst & Young LLP
are auditors
for Aaron Rents
|
R. Charles Loudermilk,
Sr owns
62.19% of Aaron's Class A
shares
|
Aaron Rents will elect 10 directors to serve through May 2003.
Nominees for the Board are... R. Charles Loudermilk, Sr
Mr. Loudermilk, Sr. has served as Chairman of the Board and Chief Executive
Officer of the Company since the Company's incorporation in 1962. From 1962 to
1997, he was also President of the Company. He has been a director of America's
Mart Corporation, owner and manager of the Atlanta Merchandise Mart, since 1996.
He is one of the founders and Chairman of the Board of The Buckhead Community
Bank, and formerly the Chairman of the Board of Directors of the Metropolitan
Atlanta Rapid Transit Authority. Robert C. Loudermilk, Jr.
Mr. Loudermilk, Jr., has served as a Director of the Company since 1983, and as
President and Chief Operating Officer of the Company since 1997. From 1993 to
1997, he was Vice President, Real Estate of the Company. From 1992 to 1993, he
was a self- employed real estate investor. From 1990 to 1991, Mr. Loudermilk,
Jr., was Executive Vice President of Ball Stalker Co., then a subsidiary of the
Company. Gilbert L. Danielson
Mr. Danielson has served as Vice President, Finance and Chief Financial
Officer and Director of the Company since 1990. He was named Executive Vice
President in 1998. He has also served as a Director of Abrams Industries, Inc.
since 2000. Ronald W. Allen
Mr. Allen has served as a Director of the Company since 1997. He was
Chairman and Chief Executive Officer of Delta Air Lines, an international air
passenger carrier, from 1987 to 1997. He also served as President of Delta
Airline from 1983 to 1987 and from 1993 to 1997, and Chief Operating Officer
from 1983 to 1997. He currently serves as a Director of The Coca-Cola Company. Leo
Benatar
Mr. Benatar has served as a Director of the Company since 1994. He has been an
associated consultant with A.T. Kearney, Inc., a management consultant and
executive search company, since 1996. He was Chairman of Engraph, Inc., and
served as Chief Executive Officer of that company from 1981 to 1995. Mr. Benatar
serves as a Director of Interstate Bakeries Corporation, Mohawk Industries,
Inc., and Paxar Corporation. He previously served as Chairman of the Federal
Reserve Bank of Atlanta. Earl Dolive
Mr. Dolive has served as a Director of the Company since 1977. He
currently serves as a Director of Greenway Medical Technologies, Inc. and as
Director Emeritus of Genuine Parts Company, a distributor of automobile
replacement parts. Prior to his retirement in 1988, he was Vice Chairman of the
Board of Genuine Parts Company. J. Rex Fuqua
Mr. Fuqua has served as a Director of the Company since 1996. He has
been President and Chief Executive Officer of Realan Capital Corporation, a
privately held real estate investment corporation, since 1985. He also has been
President and Chief Executive Officer of Fuqua Capital Corporation, a privately
held investment management corporation, since 1987. Previously, he was Chairman
of the Board of Directors of Fuqua Enterprises, Inc., a company engaged in the
manufacture and sale of medical products. Mr. Fuqua serves as a Director of
Graham-Field Health Products, Inc. Ingrid Saunders Jones
Ms. Jones has served as a Director of the Company since 1995. She has been
Senior Vice President of Corporate External Affairs of The Coca-Cola Company and
Chairperson of The Coca-Cola Foundation since 1991. Previously, she was an
Assistant Vice President of The Coca-Cola Company. M. Collier
Ross
Gen. Ross has served as a Director of the Company since 1996. He has
been a self-employed management consultant since 1992. He is the former
Executive Vice President of Sidwell-Ross and Associates, Inc., a management and
technical consulting firm. Gen. Ross retired from the United States Army in 1983
as a Lt. General after 39 years of distinguished service. William
K. Butler, Jr.
Mr. Butler joined the Company in 1974 as a Store Manager. He served as
Vice President of the Aaron's Rental Purchase Division from 1986 to 1995 and
currently is President of that Division, now known as the Aaron's Sales and
Lease Ownership Division. Mr. Butler has served as a Director of the Company
since 2000.
Aaron Rents Annual report is here...more
end
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