Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

William S. Short resigned his position as Executive Vice President - Operations of Rent-A-Center, Inc. (the "Company") effective as of July 22, 2009. Mr. Short was a named executive officer of the Company for the fiscal year ending December 31, 2008. Mr. Short's resignation is deemed a termination without "cause" pursuant to an executive transition agreement between Mr. Short and the Company. Accordingly, Mr. Short is entitled to certain payments and benefits including:
• unpaid but earned base salary through July 22, 2009;

• a pro rata bonus calculated based upon Mr. Short's bonus amount from 2008; and

• one and one half times the sum of Mr. Short's highest annual rate of salary during the previous 24 months, and his average annual bonus for the two preceding calendar years.

For additional information regarding Mr. Short and the executive transition agreement, please refer to the Company's proxy statement dated April 1, 2009. In addition, Mr. Short will (i) comply for a period of two (2) years with certain post-employment covenants, including non-compete and confidentiality obligations, pursuant to the loyalty and confidentiality agreement between Mr. Short and the Company, and (ii) release any claims he may have against the Company.

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