Burlington Stores Appoints New Directors, Adjusts Executive Pay

Ticker: BURL · Form: 8-K · Filed: 2024-03-20T00:00:00.000Z

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

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.

From the Filing

0000950170-24-034179.txt : 20240320 0000950170-24-034179.hdr.sgml : 20240320 20240320161540 ACCESSION NUMBER: 0000950170-24-034179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240318 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240320 DATE AS OF CHANGE: 20240320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Burlington Stores, Inc. CENTRAL INDEX KEY: 0001579298 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 800895227 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36107 FILM NUMBER: 24767973 BUSINESS ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 BUSINESS PHONE: 6093877800 MAIL ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 FORMER COMPANY: FORMER CONFORMED NAME: Burlington Holdings, Inc. DATE OF NAME CHANGE: 20130613 8-K 1 burl-20240318.htm 8-K 8-K false 0001579298 0001579298 2024-03-18 2024-03-18   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

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