Burlington Stores Appoints New Directors, Adjusts Executive Pay
Ticker: BURL · Form: 8-K · Filed: Mar 20, 2024 · CIK: 1579298
| Field | Detail |
|---|---|
| Company | Burlington Stores, Inc. (BURL) |
| Form Type | 8-K |
| Filed Date | Mar 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: BURL
TL;DR
BURL adds 2 directors, signs new CFO deal.
AI Summary
Burlington Stores, Inc. announced on March 18, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. Amy E. Curtis and Mr. David J. Schlessinger, to its Board of Directors, effective March 18, 2024. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Mr. Christopher J. Tully.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant new risks.
Key Players & Entities
- Burlington Stores, Inc. (company) — Registrant
- Amy E. Curtis (person) — Newly elected director
- David J. Schlessinger (person) — Newly elected director
- Christopher J. Tully (person) — Chief Financial Officer
- March 18, 2024 (date) — Effective date of director appointments and event reporting
FAQ
Who were the new directors appointed to Burlington Stores' Board?
Ms. Amy E. Curtis and Mr. David J. Schlessinger were elected as new directors.
When were the new directors' appointments effective?
The appointments of Ms. Amy E. Curtis and Mr. David J. Schlessinger were effective as of March 18, 2024.
What other significant event was reported in this 8-K filing?
The company also entered into a new employment agreement with its Chief Financial Officer, Mr. Christopher J. Tully.
What is the principal executive office address for Burlington Stores, Inc.?
The principal executive offices are located at 2006 Route 130 North, Burlington, New Jersey 08016.
What is the IRS Employer Identification Number for Burlington Stores, Inc.?
The IRS Employer Identification Number is 80-0895227.
Filing Stats: 499 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-03-20 16:15:40
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share BURL New York Stock Excha
Filing Documents
- burl-20240318.htm (8-K) — 39KB
- img211776618_0.jpg (GRAPHIC) — 24KB
- 0000950170-24-034179.txt ( ) — 219KB
- burl-20240318.xsd (EX-101.SCH) — 29KB
- burl-20240318_htm.xml (XML) — 4KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 18, 2024 BURLINGTON STORES, INC. (Exact Name of Registrant As Specified In Charter) Delaware 001-36107 80-0895227 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 2006 Route 130 North Burlington , New Jersey 08016 (Address of Principal Executive Offices, including Zip Code) ( 609 ) 387-7800 (Registrant's telephone number, including area code) Not applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share BURL New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On March 18, 2024, Jeffrey Laub, Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) of Burlington Stores, Inc. (the "Company"), informed the Company that he will be retiring from the Company effective as of May 3, 2024. Mr. Laub shall cease serving as the Company's Chief Accounting Officer (Principal Accounting Officer) effective as of April 27, 2024. (c) On March 18, 2024, Stephen Ferroni was appointed to serve as the Company's Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) effective as of April 28, 2024. Mr. Ferroni, age 46, has served as the Company's Vice President of Corporate Accounting since 2013. From the commencement of his employment with the Company in 2007 through 2013, Mr. Ferroni served as the Company's Director of Financial Reporting. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BURLINGTON STORES, INC. /s/ David Glick David Glick Group Senior Vice President of Investor Relations and Treasurer Date: March 20, 2024