Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
Rent-a-Center, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
76009N100
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(CUSIP Number)
February 17, 2021
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ |
Rule 13d-1(b)
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☒ |
Rule 13d-1(c)
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☐ |
Rule 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 76009N100
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1
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Name of Reporting Person:
Aaron Allred
I.R.S. Identification Number of Above Person (Entities Only):
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2
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Check the Appropriate Box if a Member of a Group
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(a)
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☐
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(b)
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☐
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
United States
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5
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Sole Voting Power
2,242,031
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Number of Shares Beneficially Owned by Each Reporting Person With
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6
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Shared Voting Power
2,908,580
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7
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Sole Dispositive Power
2,242,031
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8
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Shared Dispositive Power
2,908,580
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
5,150,611(1)
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares ◻
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11
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Percent of Class Represented by Amount in Row (9)
7.8%(1)(2)
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12
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Type of Reporting Person
IN
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(1) Includes 2,908,580 shares owned by Arklow Holdings, LLC, a Utah limited liability company owned by the Reporting Person and certain family members.
(2) Based on 66,309,348 shares of Common Stock outstanding as reported by the Issuer in its Form 10-Q filed with the SEC on May 7, 2021.
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Item 1(a).
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Name of Issuer.
The name of the issuer is Rent-A-Center, Inc. (the “Issuer”).
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Item 1(b).
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Address of Issuer’s Principal Executive Offices.
The principal executive offices of the Issuer are located at 5501 Headquarters Drive, Plano, TX 75024.
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Item 2(a).
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Names of Persons Filing.
This Schedule 13G is filed on behalf of Aaron Allred.
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Item 2(b).
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Address or Principal Business Office or, if none, Residence.
c/o Acima Credit 13907 Minuteman Dr, 5th Floor, Draper UT, 84020.
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Item 2(c).
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Citizenship.
Aaron Allred is a citizen of the United States of America.
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Item 2(d).
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Title of Class of Securities.
Common Stock, par value $0.01 per share (the “Common Stock”).
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Item 2(e).
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CUSIP Number.
76009N100
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Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-3(b) or (c), check whether the person filing is a:
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☒ Not Applicable
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(a)
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☐ Broker or dealer
registered under section 15 of the Act;
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(b)
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☐ Bank as defined in
section 3(a)(6) of the Act;
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(c)
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☐ Insurance company as
defined in section 3(a)(19) of the Act;
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(d)
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☐ Investment company
registered under section 8 of the Investment Company Act of 1940;
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(e)
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☐ An investment adviser
in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
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☐ An employee benefit
plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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☐ A parent holding
company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
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(h)
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☐ A savings association
as defined in Section 3(b) of the Federal Deposit Insurance Act;
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(i)
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☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
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(j)
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☐ A non-U.S. institution
in accordance with Rule 13d-1(b)(1)(ii)(J);
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(k)
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☐ Group, in accordance
with Rule 13d-1(b)(1)(ii)(K).
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Item 4. Ownership:
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The information required by Item 4 is set forth in Rows 5-11 of the cover page hereto and is incorporated herein by reference for the Reporting
Person. The Reporting Person is the record owner of 2,242,031 shares with respect to which he has sole voting and dispositive power. The Reporting Person is a general member and manager of Arklow Holdings, LLC, a Utah limited liability
company (the “LLC”) and record owner of 2,908,580 shares. As a general member and manager of the LLC, the Reporting Person shares voting and dispositive power over such shares.
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Item 5. Ownership of Five Percent or Less of a Class.
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Not applicable.
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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The Reporting Person’s spouse and children may have the right to receive or the power to direct the receipt of the dividends from, and any proceeds
from the sale of, the shares. No such interest relates to more than 5% of the outstanding Common Stock.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company or Control Person.
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Not applicable.
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Item 8. Identification and Classification of Members of the Group.
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Not applicable.
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Item 9. Notice of Dissolution of Group.
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Not applicable.
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Item 10. Certifications.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other
than activities solely in connection with a nomination under §240.14a-11.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: May 27, 2021 Aaron Allred
By: /s/ Aaron Allred
Name: Aaron Allred