8-KLeadership ChangesExhibits & Filings

Burlington Stores, Inc. 8-K Report, Executive Changes (Aug 21, 2025)

Filed August 21, 2025For Securities:BURL

Summary

Burlington Stores, Inc. (BURL) announced a change in its Board of Directors composition. Effective November 18, 2025, Michael Skirvin will join the Board and also be appointed to the Audit Committee. This appointment is part of the company's standard compensation structure for independent, non-management directors. Investors should note that Mr. Skirvin's addition to the Board and Audit Committee is through the established director compensation program, which includes an annual retainer for Board service, an additional retainer for Audit Committee membership, and a restricted stock unit award. There are no disclosed arrangements or understandings related to his selection, nor any transactions requiring disclosure under Regulation S-K. The press release announcing this change was issued on August 21, 2025.

Key Highlights

  • 1Michael Skirvin appointed to Burlington Stores Board of Directors, effective November 18, 2025.
  • 2Mr. Skirvin will also serve as a member of the Audit Committee, effective November 18, 2025.
  • 3Compensation for Mr. Skirvin includes an annual retainer of $95,000 for Board service.
  • 4Additional annual retainer of $18,000 for Audit Committee service.
  • 5Mr. Skirvin will receive an annual restricted stock unit award valued at $170,000 on the grant date.
  • 6The appointment follows the company's standard independent, non-management director compensation program.
  • 7No undisclosed arrangements or transactions requiring disclosure are associated with Mr. Skirvin's appointment.

Frequently Asked Questions

Michael Skirvin has been elected as a new member of Burlington Stores, Inc.'s Board of Directors, effective November 18, 2025. He will also be appointed to the Audit Committee. His selection is part of the company's standard process for engaging independent, non-management directors.

Mr. Skirvin will receive compensation in line with the company's standard independent director program. This includes an annual retainer of $95,000 for Board service, an additional annual retainer of $18,000 for his role on the Audit Committee, and an annual restricted stock unit award with a grant date value of $170,000.

The filing states there are no arrangements or understandings with other parties regarding Mr. Skirvin's selection, nor are there any transactions in which he has an interest that requires disclosure under Item 404(a) of Regulation S-K. This suggests a standard appointment process without immediate red flags.

Michael Skirvin's election to the Board of Directors and appointment to the Audit Committee will be effective as of November 18, 2025.