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
October 21, 1999 (October 20, 1999)
Date of Report (Date of earliest event reported)
Rent-Way, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania 000-22026 25-1407782
(State or other jurisdiction) (Commission File Number) (IRS Employer of
corporation) Identification No.)
One RentWay Place, Erie, Pennsylvania 16505
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (814) 455-5378
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Item 5. Other Events
The registrant issued the following press release on October 20,1999:
ERIE, PA. -- Rent-Way, Inc. (NYSE: RWY) announced today that it has
received numerous inquiries concerning the recent decline in its stock price.
The Company does not believe the decline in stock price is a reflection of its
financial performance. In fact, the Company believes the current share price
does not reflect the appropriate value of the Company.
The Company is finalizing its financial statements for the 1999 fiscal year and
expects to announce its financial results for the 1999 fiscal year and its
fourth quarter on or about November 15, 1999. The Company expects that its
financial results will be equal to or better than a consensus of analysts
estimates.
Rent-Way is the second largest operator of rental-purchase stores in the USA.
Rent-Way rents quality, brand name merchandise such as home entertainment
equipment, furniture and major appliances through 1116 stores operating in 41
states.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Rent-Way, Inc.
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(Registrant)
Date October 21, 1999 /s/ Jeffrey A. Conway
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(Signature)
Jeffrey A. Conway
Sr. Vice President and Chief Financial Officer
