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Rent-A-Center Inc (RCII.O)

RCII.O on Nasdaq

11.70USD
19 Jan 2018
Change (% chg)

$0.09 (+0.78%)
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Volume
893,198
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Latest Key Developments (Source: Significant Developments)

Rent-A-Center Says CEO Mitchell Fadel's Annual Base Salary Will Be $800,000
Tuesday, 2 Jan 2018 01:42pm EST 

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 08:00am EST 

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 07:30am EST 

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 04:15pm EST 

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 04:30pm EST 

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 11:35am EST 

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 08:45am EDT 

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 02:31pm EDT 

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

Engaged Capital commends Rent-A-Center for starting strategic alternatives review
Monday, 30 Oct 2017 06:52pm EDT 

Oct 30 (Reuters) - Engaged Capital::Engaged Capital commends Rent-A-Center board for initiating strategic alternatives review process.Engaged Capital says says ‍wholly expect Rent-A-Center board and senior management team to earnestly pursue strategic alternatives​.‍Engaged Capital says "believes that Rent-A-Center remains an attractive acquisition opportunity"​.  Full Article

Rent-A-Center reports Q3 loss per share $0.15 excluding items
Monday, 30 Oct 2017 05:31pm EDT 

Oct 30 (Reuters) - Rent-A-Center Inc :Rent-A-Center Inc reports third quarter 2017 results.Q3 revenue $644 million versus I/B/E/S view $646.6 million.Q3 same store sales rose 4.3 percent.Q3 loss per share $0.15 excluding items.Q3 GAAP loss per share $0.24.Q3 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Rent-A-Center Inc - core U.S. Same store sales for quarter improved sequentially by 510 basis points​.Rent-A-Center Inc qtrly ‍core U.S. revenues of $442.8 million decreased 8.1 percent​.Rent-A-Center Inc - ‍in the quarter, co recorded pre-tax expense of about $1.7 million related to damage caused by hurricanes Harvey and Irma​.Rent-A-Center Inc - ‍company is not providing annual guidance as it relates to revenue or diluted earnings per share for 2017​.Rent-A-Center Inc - ‍during Q3, results were impacted by "unprecedented" hurricane activity, which will disrupt business in near term​.  Full Article

Rent-A-Center, Vintage Capital sign standstill deal amid buyout talks

Buyout firm Vintage Capital Management LLC has agreed not to raise its stake in its acquisition target Rent-A-Center Inc or seek to gain control of its board as they talk about a potential deal, the furniture retailer said on Friday.