Upbound Group, Inc. Announces the Resignation of Mr. Christopher Hetrick as Board and All Committees Thereof, Effective from February 29, 2024
February 27, 2024 at 11:55 am
Share
On February 22, 2024, Mr. Christopher Hetrick, a member of the Board of Directors (the Board") of Upbound Group, Inc. (the Company"), Chair of the Compensation Committee of the Board and member of the Nominating and Corporate Governance Committee of the Board, notified the Company of his resignation from his position on the Board and all Committees thereof, effective on February 29, 2024.
Upbound Group, Inc. is a lease-to-own provider with operations in the United States, Puerto Rico, and Mexico. The Company operates through four segments: Acima, Rent-A-Center, Mexico, and Franchising. Acima segment generally offers lease-to-own transactions to consumers who do not qualify for traditional financing. Rent-A-Center Business segment consists of the Company-owned lease-to-own stores in the United States and Puerto Rico. The segment operates 1,839 company owned stores in the United States and Puerto Rico, including 52 retail installment sales stores under the names Get It Now and Home Choice. The segment operates approximately 131 stores in Mexico. The stores in its Franchising segment use its Rent-A-Center, ColorTyme or RimTyme trade names, service marks, trademarks, and logos. The segment franchises approximately 440 stores in 30 states operating under the Rent-A-Center (392 stores), ColorTyme (18 stores) and RimTyme (37 stores) trade names.