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Rent-A-Center Inc (RCII.OQ)

RCII.OQ on NASDAQ Stock Exchange Global Select Market

10.25USD
18 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Rent-A Center Says Positive Same Store Sales Growth In Core U.S. Business For Q1 Of 2018
Monday, 9 Apr 2018 

April 9 (Reuters) - Rent-A-Center Inc ::CENTER PROVIDES FIRST QUARTER 2018 BUSINESS UPDATES.INCREASES ANNUAL FREE CASH FLOW GUIDANCE FOR 2018.POSITIVE SAME STORE SALES GROWTH IN CORE U.S. BUSINESS FOR Q1 OF 2018.CENTER INC SAYS POSITIVE SAME STORE SALES GROWTH IN CORE U.S. BUSINESS FOR Q1 OF 2018.PRELIMINARY SAME STORE SALES GROWTH IN CORE U.S. SEGMENT FOR Q1 OF 2018 INCREASED 0.3 PERCENT.COMPANY IS RAISING ITS FULL YEAR FREE CASH FLOW GUIDANCE FROM AT LEAST $130 MILLION TO AT LEAST $170 MILLION.HAS REDUCED DEBT BY OVER $75 MILLION DUE TO STRONGER TOPLINE AND IMPROVED PERFORMANCE, PRIMARILY DUE TO COST SAVING INITIATIVES.BOARD, ADVISORS "ACTIVELY ENGAGED WITH BIDDERS INTERESTED IN ACQUIRING" CO AND EXPECT TO REACH A DETERMINATION DURING Q2 OF 2018.  Full Article

Vintage Capital, Rent-A-Center Enter Into Confidentiality And Non-Disclosure Agreement
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Vintage Capital Management::VINTAGE CAPITAL MANAGEMENT - ON JAN 17, VINTAGE CAPITAL AND RENT-A-CENTER ENTERED INTO CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT.VINTAGE CAPITAL - AGREEMENT RELATED TO ANY NON-PUBLIC INFORMATION THAT MAY BE RECEIVED BY VINTAGE IN CONNECTION WITH POSSIBLE DEAL INVOLVING RENT-A-CENTER.VINTAGE CAPITAL - AGREEMENT WITH RENT-A-CENTER INCLUDES STANDSTILL PROVISION THAT GENERALLY LASTS FOR A PERIOD OF 12 MONTHS.VINTAGE CAPITAL OWNED 5.9 PERCENT STAKE IN RENT-A-CENTER AS OF JAN 17 - SEC FILING.  Full Article

Rent-A-Center Says CEO Mitchell Fadel's Annual Base Salary Will Be $800,000
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Rent-A-Center Inc ::RENT-A-CENTER SAYS IN RELATION TO APPOINTMENT OF MITCHELL FADEL AS CEO, HE, CO AGREED HIS ANNUAL BASE SALARY WILL BE $800,000 - SEC FILING.  Full Article

Rent-A-Center Says Mitch Fadel Appointed CEO, Succeeding Mark Speese​
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Rent-A-Center Inc ::RENT-A-CENTER ANNOUNCES CEO TRANSITION.RENT-A-CENTER INC - ‍MITCH FADEL APPOINTED CEO SUCCEEDING MARK SPEESE​.RENT-A-CENTER INC - ‍FADEL WILL CONTINUE ROLE AS A MEMBER OF BOARD​.RENT-A-CENTER INC - COMPANY ALSO REITERATED ITS COMMITMENT TO ITS PREVIOUSLY ANNOUNCED STRATEGIC REVIEW PROCESS.  Full Article

Rent-A-Center Announces Proposal To Declassify Board Of Directors
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Rent-A-Center Inc ::RENT-A-CENTER ANNOUNCES PROPOSAL TO DECLASSIFY BOARD OF DIRECTORS.RENT-A-CENTER INC - BOARD VOTED UNANIMOUSLY TO SUBMIT A PROPOSAL TO COMPANY'S STOCKHOLDERS AT ITS 2018 ANNUAL MEETING OF STOCKHOLDERS.RENT-A-CENTER - BOARD VOTED TO SUBMIT PROPOSAL TO AMEND CO'S CERTIFICATE OF INCORPORATION SUCH THAT ALL DIRECTORS WILL STAND FOR ELECTION ON ANNUAL BASIS.RENT-A-CENTER INC SAYS "ENGAGED CAPITAL FULLY SUPPORTS DECLASSIFICATION OF RENT-A-CENTER'S BOARD AND CORRESPONDING RESOLUTION".RENT-A-CENTER- AMENDMENT PERMITTING BOARD DECLASSIFICATION WILL REQUIRE APPROVAL OF STOCKHOLDERS REPRESENTING AT LEAST 80% OF SHARES ENTITLED TO VOTE.  Full Article

Rent-A-Center Inc Says Appointed J.V. Lentell As Chairman Of Board
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Rent-A-Center Inc ::RENT-A-CENTER INC - APPOINTED J.V. LENTELL AS CHAIRMAN OF BOARD.  Full Article

Rent-A-Center says October core U.S. same store sales down 3.4 pct
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Rent-a-center Inc :Reports October key operating metrics.October 2017 core U.S. same store sales​ fell 3.4 percent.October 2017 acceptance now same store sales were up 4.7%‍​.Has determined to discontinue monthly reporting of key operating metrics, until further notice​.  Full Article

Rent-A-Center sends letter to Vintage Capital Management
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Rent-A-Center Inc ::Rent-A-Center says board of co sent letter to Vintage Capital Management Llc‍​ responding to Vintage's nonbinding proposal to buy co - SEC filing.Says board appreciates Vintage’s interest in the company and "looks forward to additional dialogue"‍​.Says "we do not believe it is in the best interests of our stockholders to enter into an exclusivity agreement with Vintage at this time".Says JPMorgan is acting as the company’s financial advisor throughout process of dialogue with Vintage Capital‍​.  Full Article

Vintage Capital Management reports 5.9 pct stake in Rent-A-Center
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Rent-A-Center Inc :Vintage Capital Management LLC reports 5.9 percent stake in Rent-A-Center Inc as of November 3 - SEC filing‍​.Vintage Capital Management LLC says purchased rent-a-center inc shares of common stock for investment purposes.Vintage Capital Management LLC says on Nov 3, submitted letter to Rent-A-Center board containing non-binding proposal to acquire co for $13/share.  Full Article

Rent-A-Center expects additional hurricane related charges in Q4 2017-SEC filing
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Rent-a-center Inc ::Says expect additional charges related to the hurricanes to be recorded in the fourth quarter of 2017 - SEC filing‍​.  Full Article

Rent-A-Center expects decision on buyout bids by second quarter

Rent-A-Center Inc said on Monday it expects to reach a decision by the second quarter on whether its talks with bidders would result in a sale of the rent-to-own furniture retailer.