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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): May 22, 2009</B>


<P style="font-size: 24pt" align="center"><B>AARON&#8217;S,
INC.<BR></B><FONT style="font-size: 10pt">(Exact name of registrant
as specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Georgia</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-13941</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>58-0687630</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>309 E. Paces Ferry Road,
N.E.<BR>
Atlanta, Georgia<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>30305-2377</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(404) 231-0011</B>
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cellpadding="0" width="30%" border="0">

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  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>Not
Applicable<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify"><B><I>Amendment to
Amended and Restated Loan Facility Agreement and Guaranty</I></B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">On May&nbsp;22,
2009, Aaron&#039;s, Inc. &#040;the &#147;Company&#148;&#041; entered into the First Amendment to the Amended and Restated
Loan Facility Agreement and Guaranty with SunTrust Banks, as servicer, and the
other participants listed therein (the
&#8220;Franchisee Loan Facility Amendment&#8221;), attached hereto as
Exhibit&nbsp;10.1, which amends the Amended and Restated Loan Facility
Agreement and Guaranty dated as of May&nbsp;23, 2008 (the &#8220;Existing
Franchisee Loan Facility&#8221;). Pursuant to this facility, the
Company&#146;s franchisees can borrow funds guaranteed by the
Company. The Franchisee Loan Facility Amendment amends
the Existing Franchisee Loan Facility to, among other things, (a)&nbsp;extend
the maturity date of the Existing Franchisee Loan Facility until May&nbsp;22,
2010, (b)&nbsp;increase the maximum commitment amount under the
facility from $125,000,000 to
$175,000,000, (c)&nbsp;increase the maximum available amount of swing loans from $8,000,000
to $20,000,000, (d)&nbsp;increase the Company&#8217;s commitment fees and
interest obligations thereunder, and (e)&nbsp;modify certain exhibits to the
Existing Franchisee Loan Facility, including the form of Franchisee Borrower
Loan and Security Agreement.

<P style="font-size: 10pt; text-indent: 4%" align="justify">The Company remains
subject to the same financial covenants under the Existing Franchisee Loan
Facility, which forbid the Company from exceeding certain debt to equity levels
and require the maintenance of a minimum net worth ratio, a minimum ratio of
debt to earnings before interest, taxes, depreciation and amortization and a
minimum fixed charge coverage ratio. If the Company fails to comply with these
covenants, the Company will be in default under the agreement.
<P style="font-size: 10pt; text-indent: 4%" align="justify"><B><I>Amendment
to Servicing Agreement</I></B>
<P style="font-size: 10pt; text-indent: 4%" align="justify">
 In connection with
the Franchisee Loan Facility Amendment, on May&nbsp;22, 2009, the Company also entered into
the Second Amendment to the Servicing Agreement with SunTrust Bank, as
servicer (the &#8220;Amended Servicing
Agreement&#8221;), attached hereto as Exhibit&nbsp;10.2, which amends the
Servicing Agreement dated as of May&nbsp;28, 2004, as amended on May&nbsp;23,
2008. This agreement sets forth the operations and procedures that are
applicable to the facility described above. The Amended Servicing Agreement, among other things, modifies the
operations and procedures applicable to the operation of the Existing
Franchisee Loan Facility to conform such operations and procedures to the
amendments agreed upon pursuant to the Franchisee Loan Facility Amendment.

<P style="font-size: 10pt; text-indent: 4%" align="justify">The foregoing
description of the Franchisee Loan Facility Amendment and Amended Servicing
Agreement are qualified in their entirety by reference to the First Amendment
to the full text of such documents, which are attached hereto as Exhibits
10.1 and 10.2, respectively, and are incorporated herein by reference.

<P style="font-size: 10pt; text-indent: 4%" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;2.03 Creation of a
Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">The relevant
disclosure set forth in Item&nbsp;1.01 above is incorporated herein by
reference in response to this Item 2.03.

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;9.01</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD>
<DIV style="text-align: justify"><B>Financial Statements and Exhibits.</B></DIV>
</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="justify">(d)&nbsp;Exhibits
<DIV align="center">
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  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD nowrap align="left"><B>Exhibit No.</B></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
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 <TR style="font-size: 1px">
  <TD style="border-top: #000000 1px solid" valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">First Amendment to the Amended and Restated
Loan Facility Agreement and Guaranty, by and among Aaron&#8217;s, Inc., as
sponsor, SunTrust Bank, as servicer, and each of the other financial
institutions party thereto as participants, dated as of May&nbsp;22, 2009.</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.2 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Second Amendment to Servicing Agreement, by and
among Aaron&#8217;s, Inc., as sponsor, SunTrust Bank, as servicer, dated as of
May&nbsp;22, 2009.</TD>
 </TR>
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</DIV>



<P style="font-size: 10pt" align="center">2

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">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.
<DIV align="center">
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border="0">
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  <TD width="48%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
  <TD width="48%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD colspan="2" valign="top" align="left">AARON&#8217;S, INC.</TD>
 </TR>



<TR><TD>&nbsp;</TD></TR>



 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">By: </TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ Gilbert L. Danielson</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Date: May&nbsp;29, 2009 </DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Gilbert L. Danielson <BR>
Executive Vice President and Chief Financial Officer</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
</DIV>



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<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD nowrap align="left"><B>Exhibit No.</B></TD>
  <TD>&nbsp;</TD>
  <TD nowrap align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR style="font-size: 1px">
  <TD style="border-top: #000000 1px solid" valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">First Amendment to the Amended and Restated
Loan Facility Agreement and Guaranty, by and among Aaron&#8217;s, Inc., as
sponsor, SunTrust Bank, as servicer, and each of the other financial
institutions party thereto as participants, dated as of May&nbsp;22, 2009.</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">10.2 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Second Amendment to Servicing Agreement, by and
among Aaron&#8217;s, Inc., as sponsor, SunTrust Bank, as servicer, dated as of
May&nbsp;22, 2009.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">5
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Form 8-K
UNITED STATES
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): May 22, 2009
AARON'S,
INC.
(Exact name of registrant
as specified in its charter)
Georgia
1-13941
58-0687630
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
309 E. Paces Ferry Road,
N.E.
Atlanta, Georgia
30305-2377
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(404) 231-0011
Not
Applicable
(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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
Amendment to
Amended and Restated Loan Facility Agreement and Guaranty
On May 22,
2009, Aaron's, Inc. (the "Company") entered into the First Amendment to the Amended and Restated
Loan Facility Agreement and Guaranty with SunTrust Banks, as servicer, and the
other participants listed therein (the
"Franchisee Loan Facility Amendment"), attached hereto as
Exhibit 10.1, which amends the Amended and Restated Loan Facility
Agreement and Guaranty dated as of May 23, 2008 (the "Existing
Franchisee Loan Facility"). Pursuant to this facility, the
Company's franchisees can borrow funds guaranteed by the
Company. The Franchisee Loan Facility Amendment amends
the Existing Franchisee Loan Facility to, among other things, (a) extend
the maturity date of the Existing Franchisee Loan Facility until May 22,
2010, (b) increase the maximum commitment amount under the
facility from $125,000,000 to
$175,000,000, (c) increase the maximum available amount of swing loans from $8,000,000
to $20,000,000, (d) increase the Company's commitment fees and
interest obligations thereunder, and (e) modify certain exhibits to the
Existing Franchisee Loan Facility, including the form of Franchisee Borrower
Loan and Security Agreement.
The Company remains
subject to the same financial covenants under the Existing Franchisee Loan
Facility, which forbid the Company from exceeding certain debt to equity levels
and require the maintenance of a minimum net worth ratio, a minimum ratio of
debt to earnings before interest, taxes, depreciation and amortization and a
minimum fixed charge coverage ratio. If the Company fails to comply with these
covenants, the Company will be in default under the agreement.
Amendment
to Servicing Agreement
In connection with
the Franchisee Loan Facility Amendment, on May 22, 2009, the Company also entered into
the Second Amendment to the Servicing Agreement with SunTrust Bank, as
servicer (the "Amended Servicing
Agreement"), attached hereto as Exhibit 10.2, which amends the
Servicing Agreement dated as of May 28, 2004, as amended on May 23,
2008. This agreement sets forth the operations and procedures that are
applicable to the facility described above. The Amended Servicing Agreement, among other things, modifies the
operations and procedures applicable to the operation of the Existing
Franchisee Loan Facility to conform such operations and procedures to the
amendments agreed upon pursuant to the Franchisee Loan Facility Amendment.
The foregoing
description of the Franchisee Loan Facility Amendment and Amended Servicing
Agreement are qualified in their entirety by reference to the First Amendment
to the full text of such documents, which are attached hereto as Exhibits
10.1 and 10.2, respectively, and are incorporated herein by reference.
Item 2.03 Creation of a
Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
The relevant
disclosure set forth in Item 1.01 above is incorporated herein by
reference in response to this Item 2.03.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
10.1
First Amendment to the Amended and Restated
Loan Facility Agreement and Guaranty, by and among Aaron's, Inc., as
sponsor, SunTrust Bank, as servicer, and each of the other financial
institutions party thereto as participants, dated as of May 22, 2009.
10.2
Second Amendment to Servicing Agreement, by and
among Aaron's, Inc., as sponsor, SunTrust Bank, as servicer, dated as of
May 22, 2009.
2
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'S, INC.
By:
/s/ Gilbert L. Danielson
Date: May 29, 2009
Gilbert L. Danielson
Executive Vice President and Chief Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
10.1
First Amendment to the Amended and Restated
Loan Facility Agreement and Guaranty, by and among Aaron's, Inc., as
sponsor, SunTrust Bank, as servicer, and each of the other financial
institutions party thereto as participants, dated as of May 22, 2009.
10.2
Second Amendment to Servicing Agreement, by and
among Aaron's, Inc., as sponsor, SunTrust Bank, as servicer, dated as of
May 22, 2009.