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Rent-A-Center, Inc. (RCII)

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Rent-A-Center, Inc.

5501 Headquarters Drive
Plano, TX 75024
United States
972-801-1100
http://www.rentacenter.com

SectorServices
IndustryRental & Leasing Services
Full Time Employees21,600

Key Executives

NameTitlePayExercisedAge
Mr. Mark E. SpeeseCo-Founder & Chief Exec. OfficerN/AN/A60
Ms. Maureen B. ShortInterim Chief Financial Officer280.44kN/A42
Mr. Fred E. HermanExec. VP of Accounting and Global Controller325.45kN/A60
Mr. Christopher A. KorstChief Admin. Officer, Exec. VP and Gen. Counsel470.66kN/A57
Mr. Mark E. DenmanExec. VP of Acceptance Now333.3kN/A44
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks within retailer’s locations. It operates retail installment sales stores under the Get It Now and Home Choice names; and rent-to-own and franchised rent-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names. As of December 31, 2016, the company owned and operated approximately 2,463 stores in the United States, Canada, and Puerto Rico, including 45 retail installment sales stores; 1,431 Acceptance Now kiosk locations in 40 states and Puerto Rico; 478 Acceptance Now virtual (direct) locations; and 130 stores in Mexico, as well as franchised 229 rent-to-own stores in 31 states under the Rent-A-Center, ColorTyme, and RimTyme names. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.

Corporate Governance

Rent-A-Center, Inc.’s ISS Governance QualityScore as of July 1, 2017 is 6. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 10; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.