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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:39 EDTHOT, AANAaron's reaches agreement with Vintage Capital Management
Aaron's (AAN) announced that it has reached an agreement with Vintage Capital Management, the company's second largest shareholder. Pursuant to the agreement, Aaron's will expand the size of its board from eight to ten directors. Brian Kahn, Managing Member of Vintage, has been appointed to the board, effective May 20, and included in the company's slate of director nominees for election at the 2014 Annual Meeting of Shareholders. In addition, within 30 days following the 2014 Annual Meeting, Matthew Avril, former President of the Hotel Group of Starwood Hotel (HOT) will be appointed to the board. Under the terms of the agreement, Vintage has agreed to vote its shares in support of all of the board's director nominees at the 2014 Annual Meeting. In addition, the board has formed a new Operational and Financial Advisory Committee that will provide input on matters related to Aaron's core business. The founding members of the Committee will be Ray Robinson, Ron Allen and Brian Kahn. Aaron's will also continue to review its corporate governance practices as well as work to explore opportunities, as appropriate, to reduce its operating expenses.
News For AAN;HOT From The Last 14 Days
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January 26, 2015
08:33 EDTHOTStarwood expands presence in Germany with Shraton Berlin Grand Hotel
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January 23, 2015
08:01 EDTHOTStarwood expects another year of accelerated growth in North America
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January 16, 2015
10:01 EDTHOTOn The Fly: Analyst Downgrade Summary
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06:26 EDTHOTStarwood downgraded to Neutral from Buy at BofA/Merrill
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January 14, 2015
05:57 EDTHOTLodging sector downgraded to Market Weight at Wells Fargo
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05:18 EDTHOTStarwood, NRG Energy announce new solar installation at The Phoenician
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January 13, 2015
12:02 EDTHOTStarwood, KFK Group sign deal to open new Westin hotel in Dallas
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