8-K
filed October 4, 2024, 7:59 PM ET
CIK 0001821393
M&A
confidence high
sentiment neutral
materiality 1.00
Aaron's Company, Inc.: M&A transaction — Aaron's Company acquired by IQVentures for $10.10/share; stock delisted
Aaron's Company, Inc.
- Merger closed Oct 3, 2024; shareholders received $10.10 per share in cash.
- Aggregate Merger Consideration paid was approximately $310.7 million.
- NYSE trading suspended Oct 4, 2024; Form 25 filed; Company intends to deregister via Form 15.
- All prior directors departed; Michael Durbin, Cory Miller, Sean O'Brien appointed as directors.
- Articles of incorporation and bylaws amended and restated effective at close.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Durbin was appointed as Director at Aaron's Company, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the directors of Merger Sub immediately prior to the Effective Time, which consisted of Michael Durbin, Cory Miller and Sean O’Brien, became the directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cory Miller was appointed as Director at Aaron's Company, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the directors of Merger Sub immediately prior to the Effective Time, which consisted of Michael Durbin, Cory Miller and Sean O’Brien, became the directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sean O’Brien was appointed as Director at Aaron's Company, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the directors of Merger Sub immediately prior to the Effective Time, which consisted of Michael Durbin, Cory Miller and Sean O’Brien, became the directors of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Aaron's Company, Inc.: Bylaws amended and restated to match Merger Sub's bylaws.
- Change
- bylaw amendment
Exact text from the filing
the Amended and Restated Articles of Incorporation and the Amended and Restated Bylaws of the Company, in each case as in effect immediately prior to the Effective Time, were amended and restated to be in the form of the articles of incorporation and the bylaws, respectively, of Merger Sub, in accordance with the terms of the Merger Agreement (except that references to the name of Merger Sub were replaced by the name of the Company)
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Aaron's Company, Inc.: Articles of Incorporation amended and restated to match Merger Sub's articles.
- Change
- charter amendment
Exact text from the filing
the Amended and Restated Articles of Incorporation and the Amended and Restated Bylaws of the Company, in each case as in effect immediately prior to the Effective Time, were amended and restated to be in the form of the articles of incorporation and the bylaws, respectively, of Merger Sub, in accordance with the terms of the Merger Agreement (except that references to the name of Merger Sub were replaced by the name of the Company)
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Aaron's Company, Inc. underwent a change of control involving IQVentures Holdings, LLC for $10.10 in cash (closed 2024-10-03).
- Action
- change of control
- Counterparty
- IQVentures Holdings, LLC
- Consideration
- $10.10 in cash
- Closing
- 2024-10-03
Exact text from the filing
of IQV and shares owned by shareholders who have properly exercised dissenters’ rights under the Georgia Business Corporation Code) was converted into the right to receive $10.10 in cash, without interest (the “Merger Consideration”). In addition, pursuant to the Merger Agreement, as of the Effective Time: • Each outstanding Company stock option granted
View on SEC.gov
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