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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): August 1, 2006
AARON RENTS, INC.
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(Exact name of Registrant as Specified in its Charter)
Georgia 1-13941 58-0687630
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(State or other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification No.)
309 E. Paces Ferry Road, N.E.
Atlanta, Georgia 30305-2377
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (404) 231-0011
Not Applicable
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(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):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On August 1, 2006, the Board of Directors of Aaron Rents, Inc. (the
"Company") elected John C. Portman, Jr. to the Board.
The Company and four companies (the "Portman Companies") that are directly
or indirectly owned by Mr. Portman or related parties, and of which Mr. Portman
serves as a director or executive officer, are jointly and severally obligated
under an airplane lease. Monthly lease payments totaling $76,934 for the Company
and the Portman Companies are due through November 21, 2015. Mr. Portman has
guaranteed the obligations of the Portman Companies. The Company and the Portman
Companies share use of the airplane under the provisions of an Aircraft Joint
Ownership Agreement, which generally provides that all expenses related to the
airplane, including the airplane lease expense, will be split 50%/50% between
the Company and the Portman Companies, except fuel and other trip related
expenses that will be charged based on actual usage.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AARON RENTS, INC.
By: /s/ Gilbert L. Danielson
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Gilbert L. Danielson
Executive Vice President,
Date: September 1, 2006 Chief Financial Officer
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