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<TITLE>AARON'S, INC.</TITLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As filed with the Securities and Exchange Commission on June&nbsp;30, 2009.
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">File No.&nbsp;333-________
</DIV>


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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

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<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>


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</DIV>
<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>AARON&#146;S, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact Name of Issuer as Specified in its Charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Georgia</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>58-0687630</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>(State or Other Jurisdiction of <BR>
Incorporation or Organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(I.R.S. Employer<BR>
Identification Number)</I></TD>
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</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Aaron&#146;s, Inc.<BR>
309 E. Paces Ferry Road, N.E.<BR>
Atlanta, Georgia 30305<BR>
(404)&nbsp;231-0011</B><BR>
<I>(Address and Telephone Number of Issuer&#146;s Principal Executive Offices)</I>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Aaron&#146;s, Inc. Deferred Compensation Plan</B><BR>
<I>(Full Title of the Plan)</I>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Mr.&nbsp;Gilbert L. Danielson<BR>
Aaron&#146;s, Inc.<BR>
309 E. Paces Ferry Road, N.E.<BR>
Atlanta, Georgia 30305<BR>
(404)&nbsp;231-0011</B><BR>
<I>(Name, Address and Telephone Number, Including Area Code, of Agent for Service)</I>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><I>Copies to:</I><BR>
<B>W. Benjamin Barkley, Esq.<BR>
David M. Eaton, Esq.<BR>
Kilpatrick Stockton LLP<BR>
1100 Peachtree Street, N.E.<BR>
Atlanta, Georgia 30309-4530<BR>
(404)&nbsp;815-6500</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one):
</DIV>

<TABLE width="100%" style="font-size: 10pt; margin-top: 0pt">
<TR valign="top"><TD>Large Accelerated Filer&nbsp;<FONT face="Wingdings">&#254;</FONT></TD><TD align="center">Accelerated Filer&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;</TD>
<TD align="center">Non-Accelerated Filer&nbsp;<FONT face="Wingdings">&#111;</FONT><BR>(Do not check if a smaller reporting company)</TD>
<TD align="right">Smaller Reporting Company&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Calculation of Registration Fee</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom" style="font-size: 1px">
    <TD width="1%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of Securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount to</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Aggregate</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be Registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>be Registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Per Share</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price</B><SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registration Fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD nowrap align="center" valign="top" style="border-top: 2px solid #000000">Deferred Compensation Obligations<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP>
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$54,000,000
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">100%
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">$54,000,000
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="top" style="border-top: 2px solid #000000">$3,013.20</td>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>



<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The Deferred Compensation Obligations are unsecured obligations of Aaron&#146;s, Inc. to pay
deferred compensation in the future in accordance with the terms of the Aaron&#146;s, Inc. Deferred
Compensation Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(h)
under the Securities Act of 1933, as amended.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







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<DIV style="font-family: 'Times New Roman',Times,serif">










<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaron&#146;s, Inc. (the &#147;Registrant&#148;) files this Registration Statement on Form S-8 in connection
with the approval by the Compensation Committee of the Board of Directors of the Company of the
establishment of the Aaron&#146;s, Inc. Deferred Compensation Plan (the &#147;Plan&#148;). The documents
containing the information specified in Part&nbsp;I of Form S-8 will be sent or given to each
participating employee as specified by Rule&nbsp;428(b)(1) of the Securities Act of 1933, as amended
(the &#147;Securities Act&#148;). These documents and the documents incorporated by reference herein
pursuant to Item&nbsp;3 of Part&nbsp;II hereof, taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant hereby incorporates by reference into this Registration Statement the
following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Registrant&#146;s Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the Commission&#148;) pursuant to the Securities Exchange Act of 1934, as amended (the
&#147;Exchange Act&#148;), for the fiscal year ended December&nbsp;31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
end of the fiscal year covered by the report referenced in Item 3(a) above, including the
Registrant&#146;s Quarterly Report on Form 10-Q filed with the Commission on May&nbsp;6, 2009, and the
Registrant&#146;s Current Reports on Form 8-K filed with the Commission on February&nbsp;17, 2009 (dated
February&nbsp;16, 2009); April&nbsp;10, 2009; April&nbsp;17, 2009; April&nbsp;28, 2009; May&nbsp;15, 2009; May&nbsp;22, 2009; and
June&nbsp;12, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The description of the Common Stock contained in the Registrant&#146;s registration statements
filed under Section&nbsp;12 of the Exchange Act, including all amendments or reports filed for the
purpose of updating such description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14
and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining
unsold, from the date of filing of such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained herein or in a document all or a portion of which is incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified
or superseded for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is deemed to be
incorporated by
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The securities being registered with respect to the Plan are deferred compensation obligations
(&#147;Obligations&#148;) of the Registrant to non-employee directors and employees of the Registrant and of
its affiliates who are eligible to participate in the Plan and have elected to participate in the
Plan. Under the Plan, non-employee directors of the Company and, as determined by the Compensation
Committee in its sole discretion, a select group of management or highly compensated employees
(within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended),
will be entitled to elect to defer certain portions of their compensation on a pre-tax basis.
Specifically, eligible non-employee directors will be able to defer up to 100% of both their cash
and stock director fees, and eligible employees will be able to defer up to 75% of their base pay
and up to 100% of their bonus compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan permits participants to elect to contribute a portion of their compensation to one or
more book entry deferred compensation accounts, the value of which is adjusted by assuming that the
account is invested in one or more benchmark investment funds (&#147;Measuring Investments&#148;) selected by
the participant in accordance with the terms of the Plan. The Measuring Investments are different
from those offered under the Registrant&#146;s tax-qualified 401(k) plan. The Measuring Investments
have varying degrees of risk. Participants may reallocate amounts in their deferred compensation
accounts among the Measuring Investments. In addition, the Registrant may make restoration
matching contributions on behalf of eligible employees to make up for certain limitations on the
amount of matching contributions an employee can receive under the Company&#146;s tax-qualified 401(k)
plan. All matching contributions shall be credited to a participant&#146;s account for the applicable
Plan year. The Plan does not require that Plan contributions actually be invested in the Measuring
Investments. Rather, the Plan provides that such investments are merely book entry devices used to
determine the value of the participant&#146;s account under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Plan permits participants who are selected by the Registrant and who are
granted shares of restricted stock under the Registrant&#146;s stock incentive plans or director
compensation programs to enter into agreements to cancel their rights to such restricted stock in
return for credits to their Plan accounts in the form of restricted stock units that have the
equivalent value of the cancelled restricted stock. All restricted stock units resulting from the
deferral of restricted stock awards under the terms of the Plan and all non-employee director stock
fees deferred under the Plan will be deemed invested in a corresponding number of shares,
respectively, of common stock of the Registrant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan does not require the Registrant to establish any trust, escrow arrangement or other
mechanism for the purpose of segregating funds for the payment of the Obligations. However, the
Registrant has established a grantor trust, known as a &#147;rabbi trust,&#148; to allow it to accumulate
assets to help fund payment of the Obligations. No participant in the Plan has any preferred claim
to any assets of the trust. Participants have a beneficial interest in the trust&#146;s assets only to
the extent provided under the terms and conditions of the trust agreement and the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Plan. The assets of the trust may not be returned to the Registrant until the Obligations are satisfied, unless the
Registrant becomes insolvent. The assets of the trust remain subject to the reach of the
Registrant&#146;s creditors in the event of the Registrant&#146;s insolvency.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Obligations are unsecured general obligations to pay in the future the balance of book
entry deferred compensation accounts. A participant&#146;s interest in, and right to receive payment
of, the participant&#146;s account under the Plan is an unsecured claim against the general assets of
the Registrant and will rank equally with other unsecured indebtedness incurred from time to time
by the Registrant. The right of the Registrant, and therefore the right of creditors of the
Registrant (including participants in the Plan) to participate in the distribution of the assets of
any subsidiary or affiliate of the Registrant upon its liquidation or reorganization or otherwise
is necessarily subject to the claims of creditors of the subsidiary or affiliate, except to the
extent that claims of the Registrant itself as a creditor of the subsidiary or affiliate may be
recognized.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred amounts may be distributed, as more specifically described in the Plan, during the
participant&#146;s employment or upon the participant&#146;s death, retirement, disability or other
termination of employment. The Plan provides for payment in a lump sum or, in certain
circumstances, in annual installments, as elected by the participant. The Obligations, generally,
are denominated and payable in cash in U.S. dollars and are not convertible into any of the
Registrant&#146;s securities. However, distributions representing deferred non-employee director stock
fees or restricted stock units resulting from the deferral of restricted stock awards are payable
in shares of the Registrant&#146;s common stock under the terms of the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Obligations are not subject to sale, assignment, transfer, pledge, anticipation or
mortgage and cannot otherwise be encumbered, transferred, alienated or conveyed in advance of
payment, except that each participant may designate one or more beneficiaries to receive benefits
upon the participant&#146;s death.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant reserves the right to amend or terminate the Plan at any time without the
consent of participants or their beneficiaries, provided that no amendment or plan termination may
directly or indirectly reduce the amount credited to any participant&#146;s account at the date of
amendment or termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Plan is intended to comply with Section&nbsp;409A of the Internal Revenue Code of 1986, as
amended and the Department of Treasury and Internal Revenue Service guidance thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing description of the Plan is qualified in its entirety by reference to the full
text of the Plan.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity and enforceability of the Obligations offered in this Registration Statement will be passed upon for the Registrant by Kilpatrick
Stockton LLP, Atlanta, Georgia. Members of that law firm own 26,956 shares of our common stock and
19,448 shares of our Class&nbsp;A common stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted under Georgia law, the Registrant&#146;s Amended and Restated Articles of
Incorporation provide that a director shall not be personally liable to the Registrant or its
shareholders for monetary damages for breach of the duty of care or any other duty owed to the
Registrant as a director, except that such provision shall not eliminate or limit the liability of
a director (a)&nbsp;for any appropriation, in violation of the director&#146;s duties, of any business
opportunity of the Registrant, (b)&nbsp;for acts or omissions which involve intentional misconduct or a
knowing violation of law, (c)&nbsp;for unlawful corporate distributions, or (d)&nbsp;for any transaction from
which the director received an improper benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VII of the Registrant&#146;s Amended and Restated By-laws requires the indemnification of
the Registrant&#146;s officers and directors for any liability and expense incurred by them in
connection with or resulting from any threatened, pending or completed legal action or other
proceeding or investigation by reason of his being or having been an officer or director. An
officer or director may only be indemnified if he acted in good faith and in a manner he reasonably
believed to be in, or not opposed to, the best interest of the Registrant, and, with respect to a
criminal matter, he did not have reasonable cause to believe that his conduct was unlawful. In the
case of an action by or in the right of the Company, no officer or director who has been adjudged
liable to the Registrant is entitled to indemnification, unless and except to the extent that the
court reaching such a determination of liability, in view of all the relevant circumstances, shall
also determine that despite such liability, such person is fairly and reasonably entitled to
indemnification for such expenses that the court shall deem proper.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Georgia law, any officer or director who has been wholly successful on the merits or
otherwise in an action or proceeding in his official capacity is entitled to indemnification by the
Registrant as of right. All other determinations that indemnification is permissible shall be made by either: (i)&nbsp;a majority vote of a quorum of disinterested
directors provided there are at least two disinterested directors; (ii)&nbsp;independent legal counsel
selected in accordance with the Georgia Business Corporation Code and at the request of the
Registrant&#146;s board of directors; or (iii)&nbsp;the holders of a majority of the Registrant&#146;s stock,
excluding shares held by an interested director.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event any payments are made to an officer or director by way of indemnity, other than
by court order, action of the shareholders or by an insurance carrier, the Registrant must notify
its shareholders of such payment and all relevant details in a timely manner and in no event later
than 15&nbsp;months after the date of such payment.
</DIV>

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

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provisions of the Registrant&#146;s Amended and Restated By-laws on indemnification are
consistent in all material respects with the laws of the State of Georgia, which authorize
indemnification of corporate officers and directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s directors and officers are insured against losses arising from any claim
against them as such for wrongful acts or omissions, subject to certain limitations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 7. Exemption From Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 8. Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exhibits included as part of this Registration Statement are as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Counsel to Registrant</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Counsel to Registrant (included in Exhibit&nbsp;5(a))</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included with signature page)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Aaron&#146;s, Inc. Deferred Compensation Plan Master Plan Document (filed as Exhibit&nbsp;10.1 to the
Registrant&#146;s Current Report on Form&nbsp;8-K filed with the Securities and Exchange Commission on
June&nbsp;12, 2009 and incorporated herein by reference)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9. Undertakings.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned Registrant hereby undertakes:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement: (i)&nbsp;to include any prospectus required by Section
10(a)(3) of the Securities Act; (ii)&nbsp;to reflect in the prospectus any facts or events arising after
the effective date of the Registration Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in the registration statement. Notwithstanding the foregoing, any
</DIV>


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

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed
that which was registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change
in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in
the effective Registration Statement; (iii)&nbsp;to include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided however, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration
statement is on Form S-8, and the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the
Commission by the registrant pursuant to Section&nbsp;13 or Section 15(d) of the Exchange Act
that are incorporated by reference in the registration statement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the
registration statement is on Form S-3 or Form F-3 and the information required to be
included in a post-effective amendment by those paragraphs is contained in reports filed
with or furnished to the Commission by the registrant pursuant to Section&nbsp;13 or Section
15(d) of the Exchange Act that are incorporated by reference in the registration statement,
or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the
registration statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to section 15(d) of the Exchange Act) that is
incorporated by reference in this Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion of the
Securities and Exchange Commission, such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
</DIV>

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

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.
</DIV>



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

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Atlanta, State of Georgia, on June&nbsp;30, 2009.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>AARON&#146;S, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Gilbert L. Danielson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Gilbert L. Danielson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Executive Vice President,<br>Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned directors and officers of the Company hereby severally constitute and
appoint Robert C. Loudermilk, Jr., Gilbert L. Danielson and James L. Cates our true and lawful
attorneys with full power to sign for us in our names in the capacities indicated below and any
amendment to this registration statement, including any post-effective amendments to said
registration statement, and generally to do all such things in our name and behalf in our
capacities as directors and officers to enable the Company to comply with the provisions of the
Securities Act, and all requirements of the SEC, hereby ratifying and confirming our signatures as
they may be signed by our said attorney to said registration statement and any and all amendments
thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities indicated on June&nbsp;30, 2009.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Position</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ R. Charles Loudermilk, Sr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
R. Charles Loudermilk, Sr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Directors<BR>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert C. Loudermilk, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert C. Loudermilk, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer (Principal
Executive Officer), President and Director</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Gilbert L. Danielson
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Gilbert L. Danielson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Chief
Financial Officer and Director
(Principal Financial Officer)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="57%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Position</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert P. Sinclair, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert P. Sinclair, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Corporate Controller<BR>(Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William K. Butler, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
William K. Butler, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Operating Officer and Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ronald W. Allen
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ronald W. Allen
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Leo Benatar
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Leo Benatar
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Earl Dolive
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Earl Dolive
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ David L. Kolb
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
David L. Kolb
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John C. Portman
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John C. Portman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ray M. Robinson
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ray M. Robinson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John Schuerholz
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John Schuerholz
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Counsel to Registrant</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Counsel to Registrant (included in Exhibit&nbsp;5(a))</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm</TD>
</TR>
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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included with signature page)</TD>
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AARON'S, INC.
As filed with the Securities and Exchange Commission on June 30, 2009.
File No. 333-________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AARON'S, INC.
(Exact Name of Issuer as Specified in its Charter)
Georgia
58-0687630
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification Number)
Aaron's, Inc.
309 E. Paces Ferry Road, N.E.
Atlanta, Georgia 30305
(404) 231-0011
(Address and Telephone Number of Issuer's Principal Executive Offices)
Aaron's, Inc. Deferred Compensation Plan
(Full Title of the Plan)
Mr. Gilbert L. Danielson
Aaron's, Inc.
309 E. Paces Ferry Road, N.E.
Atlanta, Georgia 30305
(404) 231-0011
(Name, Address and Telephone Number, Including Area Code, of Agent for Service)
Copies to:
W. Benjamin Barkley, Esq.
David M. Eaton, Esq.
Kilpatrick Stockton LLP
1100 Peachtree Street, N.E.
Atlanta, Georgia 30309-4530
(404) 815-6500
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large
accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
Exchange Act. (Check one):
Large Accelerated Filer
þ
Accelerated Filer
o
Non-Accelerated Filer
o
(Do not check if a smaller reporting company)
Smaller Reporting Company
o
Calculation of Registration Fee
Proposed Maximum
Proposed Maximum
Title of Securities
Amount to
Offering Price
Aggregate
Amount of
to be Registered
be Registered
Per Share
Offering Price
(2)
Registration Fee
Deferred Compensation Obligations
(1)
$54,000,000
100%
$54,000,000
$3,013.20
(1)
The Deferred Compensation Obligations are unsecured obligations of Aaron's, Inc. to pay
deferred compensation in the future in accordance with the terms of the Aaron's, Inc. Deferred
Compensation Plan.
(2)
Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(h)
under the Securities Act of 1933, as amended.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Aaron's, Inc. (the "Registrant") files this Registration Statement on Form S-8 in connection
with the approval by the Compensation Committee of the Board of Directors of the Company of the
establishment of the Aaron's, Inc. Deferred Compensation Plan (the "Plan"). The documents
containing the information specified in Part I of Form S-8 will be sent or given to each
participating employee as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended
(the "Securities Act"). These documents and the documents incorporated by reference herein
pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the
requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. Incorporation of Documents by Reference.
The Registrant hereby incorporates by reference into this Registration Statement the
following:
(a) The Registrant's Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the Commission") pursuant to the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), for the fiscal year ended December 31, 2008.
(b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
end of the fiscal year covered by the report referenced in Item 3(a) above, including the
Registrant's Quarterly Report on Form 10-Q filed with the Commission on May 6, 2009, and the
Registrant's Current Reports on Form 8-K filed with the Commission on February 17, 2009 (dated
February 16, 2009); April 10, 2009; April 17, 2009; April 28, 2009; May 15, 2009; May 22, 2009; and
June 12, 2009.
(c) The description of the Common Stock contained in the Registrant's registration statements
filed under Section 12 of the Exchange Act, including all amendments or reports filed for the
purpose of updating such description.
(d) All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14
and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining
unsold, from the date of filing of such documents.
Any statement contained herein or in a document all or a portion of which is incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified
or superseded for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is deemed to be
incorporated by
reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this Registration Statement.
ITEM 4. Description of Securities.
The securities being registered with respect to the Plan are deferred compensation obligations
("Obligations") of the Registrant to non-employee directors and employees of the Registrant and of
its affiliates who are eligible to participate in the Plan and have elected to participate in the
Plan. Under the Plan, non-employee directors of the Company and, as determined by the Compensation
Committee in its sole discretion, a select group of management or highly compensated employees
(within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended),
will be entitled to elect to defer certain portions of their compensation on a pre-tax basis.
Specifically, eligible non-employee directors will be able to defer up to 100% of both their cash
and stock director fees, and eligible employees will be able to defer up to 75% of their base pay
and up to 100% of their bonus compensation.
The Plan permits participants to elect to contribute a portion of their compensation to one or
more book entry deferred compensation accounts, the value of which is adjusted by assuming that the
account is invested in one or more benchmark investment funds ("Measuring Investments") selected by
the participant in accordance with the terms of the Plan. The Measuring Investments are different
from those offered under the Registrant's tax-qualified 401(k) plan. The Measuring Investments
have varying degrees of risk. Participants may reallocate amounts in their deferred compensation
accounts among the Measuring Investments. In addition, the Registrant may make restoration
matching contributions on behalf of eligible employees to make up for certain limitations on the
amount of matching contributions an employee can receive under the Company's tax-qualified 401(k)
plan. All matching contributions shall be credited to a participant's account for the applicable
Plan year. The Plan does not require that Plan contributions actually be invested in the Measuring
Investments. Rather, the Plan provides that such investments are merely book entry devices used to
determine the value of the participant's account under the Plan.
In addition, the Plan permits participants who are selected by the Registrant and who are
granted shares of restricted stock under the Registrant's stock incentive plans or director
compensation programs to enter into agreements to cancel their rights to such restricted stock in
return for credits to their Plan accounts in the form of restricted stock units that have the
equivalent value of the cancelled restricted stock. All restricted stock units resulting from the
deferral of restricted stock awards under the terms of the Plan and all non-employee director stock
fees deferred under the Plan will be deemed invested in a corresponding number of shares,
respectively, of common stock of the Registrant.
The Plan does not require the Registrant to establish any trust, escrow arrangement or other
mechanism for the purpose of segregating funds for the payment of the Obligations. However, the
Registrant has established a grantor trust, known as a "rabbi trust," to allow it to accumulate
assets to help fund payment of the Obligations. No participant in the Plan has any preferred claim
to any assets of the trust. Participants have a beneficial interest in the trust's assets only to
the extent provided under the terms and conditions of the trust agreement and the
Plan. The assets of the trust may not be returned to the Registrant until the Obligations are satisfied, unless the
Registrant becomes insolvent. The assets of the trust remain subject to the reach of the
Registrant's creditors in the event of the Registrant's insolvency.
The Obligations are unsecured general obligations to pay in the future the balance of book
entry deferred compensation accounts. A participant's interest in, and right to receive payment
of, the participant's account under the Plan is an unsecured claim against the general assets of
the Registrant and will rank equally with other unsecured indebtedness incurred from time to time
by the Registrant. The right of the Registrant, and therefore the right of creditors of the
Registrant (including participants in the Plan) to participate in the distribution of the assets of
any subsidiary or affiliate of the Registrant upon its liquidation or reorganization or otherwise
is necessarily subject to the claims of creditors of the subsidiary or affiliate, except to the
extent that claims of the Registrant itself as a creditor of the subsidiary or affiliate may be
recognized.
Deferred amounts may be distributed, as more specifically described in the Plan, during the
participant's employment or upon the participant's death, retirement, disability or other
termination of employment. The Plan provides for payment in a lump sum or, in certain
circumstances, in annual installments, as elected by the participant. The Obligations, generally,
are denominated and payable in cash in U.S. dollars and are not convertible into any of the
Registrant's securities. However, distributions representing deferred non-employee director stock
fees or restricted stock units resulting from the deferral of restricted stock awards are payable
in shares of the Registrant's common stock under the terms of the Plan.
The Obligations are not subject to sale, assignment, transfer, pledge, anticipation or
mortgage and cannot otherwise be encumbered, transferred, alienated or conveyed in advance of
payment, except that each participant may designate one or more beneficiaries to receive benefits
upon the participant's death.
The Registrant reserves the right to amend or terminate the Plan at any time without the
consent of participants or their beneficiaries, provided that no amendment or plan termination may
directly or indirectly reduce the amount credited to any participant's account at the date of
amendment or termination.
The
Plan is intended to comply with Section 409A of the Internal Revenue Code of 1986, as
amended and the Department of Treasury and Internal Revenue Service guidance thereunder.
The foregoing description of the Plan is qualified in its entirety by reference to the full
text of the Plan.
ITEM 5. Interests of Named Experts and Counsel.
The validity and enforceability of the Obligations offered in this Registration Statement will be passed upon for the Registrant by Kilpatrick
Stockton LLP, Atlanta, Georgia. Members of that law firm own 26,956 shares of our common stock and
19,448 shares of our Class A common stock.
ITEM 6. Indemnification of Directors and Officers.
As permitted under Georgia law, the Registrant's Amended and Restated Articles of
Incorporation provide that a director shall not be personally liable to the Registrant or its
shareholders for monetary damages for breach of the duty of care or any other duty owed to the
Registrant as a director, except that such provision shall not eliminate or limit the liability of
a director (a) for any appropriation, in violation of the director's duties, of any business
opportunity of the Registrant, (b) for acts or omissions which involve intentional misconduct or a
knowing violation of law, (c) for unlawful corporate distributions, or (d) for any transaction from
which the director received an improper benefit.
Article VII of the Registrant's Amended and Restated By-laws requires the indemnification of
the Registrant's officers and directors for any liability and expense incurred by them in
connection with or resulting from any threatened, pending or completed legal action or other
proceeding or investigation by reason of his being or having been an officer or director. An
officer or director may only be indemnified if he acted in good faith and in a manner he reasonably
believed to be in, or not opposed to, the best interest of the Registrant, and, with respect to a
criminal matter, he did not have reasonable cause to believe that his conduct was unlawful. In the
case of an action by or in the right of the Company, no officer or director who has been adjudged
liable to the Registrant is entitled to indemnification, unless and except to the extent that the
court reaching such a determination of liability, in view of all the relevant circumstances, shall
also determine that despite such liability, such person is fairly and reasonably entitled to
indemnification for such expenses that the court shall deem proper.
Under Georgia law, any officer or director who has been wholly successful on the merits or
otherwise in an action or proceeding in his official capacity is entitled to indemnification by the
Registrant as of right. All other determinations that indemnification is permissible shall be made by either: (i) a majority vote of a quorum of disinterested
directors provided there are at least two disinterested directors; (ii) independent legal counsel
selected in accordance with the Georgia Business Corporation Code and at the request of the
Registrant's board of directors; or (iii) the holders of a majority of the Registrant's stock,
excluding shares held by an interested director.
In the event any payments are made to an officer or director by way of indemnity, other than
by court order, action of the shareholders or by an insurance carrier, the Registrant must notify
its shareholders of such payment and all relevant details in a timely manner and in no event later
than 15 months after the date of such payment.
The provisions of the Registrant's Amended and Restated By-laws on indemnification are
consistent in all material respects with the laws of the State of Georgia, which authorize
indemnification of corporate officers and directors.
The Registrant's directors and officers are insured against losses arising from any claim
against them as such for wrongful acts or omissions, subject to certain limitations.
ITEM 7. Exemption From Registration Claimed.
Not applicable.
ITEM 8. Exhibits.
The exhibits included as part of this Registration Statement are as follows:
Exhibit Number
Description
5(a)
Opinion of Counsel to Registrant
23(a)
Consent of Counsel to Registrant (included in Exhibit 5(a))
23(b)
Consent of Independent Registered Public Accounting Firm
24(a)
Power of Attorney (included with signature page)
99(a)
Aaron's, Inc. Deferred Compensation Plan Master Plan Document (filed as Exhibit 10.1 to the
Registrant's Current Report on Form 8-K filed with the Securities and Exchange Commission on
June 12, 2009 and incorporated herein by reference)
ITEM 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement: (i) to include any prospectus required by Section
10(a)(3) of the Securities Act; (ii) to reflect in the prospectus any facts or events arising after
the effective date of the Registration Statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in the registration statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed
that which was registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change
in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in
the effective Registration Statement; (iii) to include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement.
Provided however, that:
A. Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration
statement is on Form S-8, and the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the
Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act
that are incorporated by reference in the registration statement; and
B. Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the
registration statement is on Form S-3 or Form F-3 and the information required to be
included in a post-effective amendment by those paragraphs is contained in reports filed
with or furnished to the Commission by the registrant pursuant to Section 13 or Section
15(d) of the Exchange Act that are incorporated by reference in the registration statement,
or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the
registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is
incorporated by reference in this Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion of the
Securities and Exchange Commission, such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Atlanta, State of Georgia, on June 30, 2009.
AARON'S, INC.
By:
/s/ Gilbert L. Danielson
Gilbert L. Danielson
Executive Vice President,
Chief Financial Officer
POWER OF ATTORNEY
We, the undersigned directors and officers of the Company hereby severally constitute and
appoint Robert C. Loudermilk, Jr., Gilbert L. Danielson and James L. Cates our true and lawful
attorneys with full power to sign for us in our names in the capacities indicated below and any
amendment to this registration statement, including any post-effective amendments to said
registration statement, and generally to do all such things in our name and behalf in our
capacities as directors and officers to enable the Company to comply with the provisions of the
Securities Act, and all requirements of the SEC, hereby ratifying and confirming our signatures as
they may be signed by our said attorney to said registration statement and any and all amendments
thereto.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities indicated on June 30, 2009.
Signature
Position
/s/ R. Charles Loudermilk, Sr.
R. Charles Loudermilk, Sr.
Chairman of the Board of Directors
/s/ Robert C. Loudermilk, Jr.
Robert C. Loudermilk, Jr.
Chief Executive Officer (Principal
Executive Officer), President and Director
/s/ Gilbert L. Danielson
Gilbert L. Danielson
Executive Vice President, Chief
Financial Officer and Director
(Principal Financial Officer)
Signature
Position
/s/ Robert P. Sinclair, Jr.
Robert P. Sinclair, Jr.
Vice President, Corporate Controller
(Principal Accounting Officer)
/s/ William K. Butler, Jr.
William K. Butler, Jr.
Chief Operating Officer and Director
/s/ Ronald W. Allen
Ronald W. Allen
Director
/s/ Leo Benatar
Leo Benatar
Director
/s/ Earl Dolive
Earl Dolive
Director
/s/ David L. Kolb
David L. Kolb
Director
/s/ John C. Portman
John C. Portman
Director
/s/ Ray M. Robinson
Ray M. Robinson
Director
/s/ John Schuerholz
John Schuerholz
Director
EXHIBIT INDEX
Exhibit No.
Description
5(a)
Opinion of Counsel to Registrant
23(a)
Consent of Counsel to Registrant (included in Exhibit 5(a))
23(b)
Consent of Independent Registered Public Accounting Firm
24(a)
Power of Attorney (included with signature page)