01—Abstract
Summary
Summary of the 8-K filed August 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Burlington Stores, Inc. announced the departure of Matthew Pasch, Executive Vice President and Chief Human Resources Officer, effective September 1, 2026.
Mr. Pasch will receive benefits and pro-rata vesting of his 2024 performance-based restricted stock unit award as per the Executive Severance Plan and a Severance Agreement entered into on July 31, 2026. The full details of this agreement will be disclosed in a future 10-Q filing.
In a related development, the company has appointed John Pershing to succeed Mr. Pasch as EVP and CHRO, effective October 2026. Mr. Pershing brings extensive experience from previous HR leadership roles at prominent retail companies including Barnes & Noble, Canadian Tire Corporation, Ascena Retail Group, and Best Buy, indicating a strategic move to leverage his expertise in human capital management.
02—Key points
Key Highlights
- Executive Vice President and Chief Human Resources Officer, Matthew Pasch, is departing the company effective September 1, 2026.
- Mr. Pasch's departure is governed by the Burlington Stores, Inc. Executive Severance Plan and a new Severance Agreement.
- The Severance Agreement includes benefits and pro-rata vesting of his 2024 performance-based restricted stock unit award.
- John Pershing is appointed as the new Executive Vice President and Chief Human Resources Officer, effective October 2026.
- Mr. Pershing has a strong background with over two decades of HR leadership experience in the retail sector.
- Prior roles for Mr. Pershing include CHRO at Barnes & Noble and Ascena Retail Group, and EVP at Canadian Tire Corporation and Best Buy.
03—Questions
Frequently Asked Questions
What is the financial impact of Matthew Pasch's departure?
The financial impact will be governed by the terms of the Executive Severance Plan and the Severance Agreement. Specific details regarding severance payments are not fully disclosed in this 8-K but will be detailed in the upcoming 10-Q filing, including the pro-rata vesting of his 2024 performance-based restricted stock unit award.
Why is Matthew Pasch leaving Burlington Stores?
The 8-K filing states that the departure was a mutual determination between Mr. Pasch and the Company. No specific reasons for his departure were provided.
What is John Pershing's background, and how will it benefit Burlington?
John Pershing has extensive experience as a senior HR executive in the retail industry, having held leadership positions at companies like Barnes & Noble, Canadian Tire Corporation, Ascena Retail Group, and Best Buy. His broad experience suggests Burlington is aiming to leverage his expertise in human capital management, talent development, and organizational strategy.
When will the full details of the severance agreement be available?
The full text of the Severance Agreement will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending August 1, 2026.
04—Continue