8-KLeadership ChangesExhibits & Filings

Burlington Stores, Inc. 8-K Report, Executive Changes (Sep 16, 2019)

Filed September 16, 2019For Securities:BURL

Summary

Burlington Stores, Inc. (BURL) announced a significant change in its executive leadership on September 16, 2019, with the resignation of its Chief Financial Officer, Marc Katz, effective September 13, 2019. This departure marks a transition period for the company's financial leadership. To ensure continuity, John Crimmins, who previously served as Executive Vice President, Finance and Chief Accounting Officer, has been appointed as the interim Chief Financial Officer, also effective September 13, 2019. Mr. Crimmins has a long tenure with Burlington, joining in 2011 and holding key financial roles. The company has stated that compensation adjustments for Mr. Crimmins are pending and will be disclosed in an amendment to this filing. Investors should monitor future filings for details on this aspect and the broader implications of this leadership change.

Key Highlights

  • 1Marc Katz has resigned as Chief Financial Officer of Burlington Stores, Inc., effective September 13, 2019.
  • 2John Crimmins has been appointed as the interim Chief Financial Officer, effective September 13, 2019.
  • 3Mr. Crimmins has served in senior financial roles at Burlington since 2011, most recently as Executive Vice President, Finance and Chief Accounting Officer.
  • 4Changes to Mr. Crimmins' compensation arrangements have not yet been determined and will be disclosed in a future filing.
  • 5The company stated there are no undisclosed arrangements or transactions requiring disclosure concerning Mr. Crimmins' appointment.
  • 6The announcement was made via a press release on September 16, 2019.

Frequently Asked Questions

The 8-K filing does not provide specific reasons for Marc Katz's resignation as Chief Financial Officer. It only states his departure is effective September 13, 2019.

John Crimmins has been appointed as the interim Chief Financial Officer. He was previously the Executive Vice President, Finance and Chief Accounting Officer for Burlington Stores, Inc.

The company has stated that changes to Mr. Crimmins' compensation have not yet been determined. They plan to file an amendment to this 8-K to disclose any such information.

The filing designates Mr. Crimmins as the 'interim' Chief Financial Officer, suggesting that a permanent appointment has not yet been made. Investors should watch for future announcements regarding a permanent CFO.