Aarons 1997 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 1997 Aarons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 14

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14

Board of Directors
Officers
R. Charles Loudermilk, Sr.
Chairman of the Board,
Chief Executive Officer
Robert C. Loudermilk, Jr.
President, Chief Operating Officer
Gilbert L. Danielson
Vice President, Finance,
Chief Financial Officer
W illiam K. Butler, Jr.
President, Aarons Rental
Purchase Division
Brian E. Stahl
President, Aaron Rents’
Rent-to-Rent Division
W illiam J. Sammons
President, Aaron Rents’
Convention Furnishings Division
Keith C. G roen
Vice President,
Legal, and Secretary
James L. Cates
Vice President, Risk Management
D. Bruce Cox
Vice President,
Mid Atlantic Region
Bennett E. Creasman
Vice President, South Region
Lyle M. Digby
Vice President, Western Region
Richard L. Levine
Vice President,
Purchasing and Distribution
Michael J. Malone
Vice President, Aaron Rents’
Convention Furnishings Division
Daniel J. N old
Vice President, Midwest Region
Mitchell S. Paull
Vice President, Treasurer
Eduardo Q uones
Vice President, Florida Region
Robert P. Sinclair, Jr.
Corporate Controller
R. Charles Loudermilk, Sr.
Chief Executive Officer,
Chairman of the Board
Aaron Rents, Inc.
Robert C. Loudermilk, Jr.
President, Chief
Operating O fficer
Aaron Rents, Inc.
J. Rex Fuqua
Vice Chairman,
Fuqua Enterprises, Inc.
Lt. Gen. M. Collier Ross(1)
U.S. Army (retired)
Ingrid Saunders Jones (2)
Vice President,
Corporate
External Affairs
The Coca-Cola
Company
Gilbert L. Danielson
Vice President, Finance,
Chief Financial Officer
Aaron Rents, Inc.
Earl Dolive (1)
Vice Chairman of the
Board, Emeritus
Genuine Parts
Company
Leo Benatar (1), (2)
Sr. Partner and
Associate Consultant
A.T. Kearney
R. K. Sehgal
Vice Chairman and
Chief Executive Officer
H. J. Russell and
Company
Keith C. G roen
Vice President, Legal,
and Secretary
Aaron Rents, Inc.
Ronald W. Allen
Retired Chairman,
President and Chief
Executive Officer
Delta Air Lines
(1) Member of Audit Committee
(2) Member of Stock Option Committee
OMP ANY P E R AT E D E NT AL U RCHAS E
E NT T O E NT
T E CE MB E R
R ANCH I S E D E NT AL U R CH AS E
OT AL T OR E S 393
101
ANU F ACT U R I N G I S T R I B U T I ON E N T E R S 14
181
105
ON VE NT I ON U R N I S H I NGS 6
Commo n Stock Market Prices
& Dividends
On March 20, 1998, the Company’s Common Stock and
Class A Common Stock were listed on the New York Stock
Exchange under the symbols
RNT andRNT.A,respectively.
Previously, the Company’s Common Stock and Class A
Common Stock were traded on The NASDAQ Stock Market
under the symbols “ARON andARONA,”respectively.
The approximate number of shareholders of the Company’s
Common Stock and Class A Common Stock at March 23,
1998, was 4,500. The following table shows, for the periods
indicated, the range of high and low prices per share for the
Common Stock and Class A Common Stock as reported by
NASDAQ, and the cash dividends declared per share.
The closing price for the Common Stock and Class A
Common Stock on March 23, 1998, was $23.438 and
$22.625, respectively. The Company currently expects to
continue its policy of paying dividends.
S t o r e and Facility Locations
24
Cash
Dividends
Common Stock High Low Per Share
December 31, 1997
First Quarter $12.875 $10.063 $
Second Quarter 13.375 10.375 .02
Third Quarter 18.250 12.750
Fourth Quarter 20.250 15.500 .02
December 31, 1996
First Quarter $10.375 $ 9.000 $
Second Quarter 15.000 9.688 .02
Third Quarter 14.250 11.000
Fourth Quarter 14.625 10.750 .02
Cash
Class A Dividends
Common Stock High Low Per Share
December 31, 1997
First Quarter $14.000 $ 9.750 $
Second Quarter 13.750 10.000 .02
Third Quarter 18.000 11.938
Fourth Quarter 18.500 14.500 .02
December 31, 1996
First Quarter $11.250 $ 8.875 $
Second Quarter 16.000 10.750 .02
Third Quarter 16.250 12.750
Fourth Quarter 15.750 12.625 .02
AR layout Final.wpc 4/24/98 8:25 AM Page 27