secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2021-07-15T23:59:59+00:00
Accession:  0001193125-21-216397
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burlington Stores appoints Travis Marquette as President and COO, effective Oct 4, 2021
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- Travis Marquette named President & COO, overseeing stores, real estate, supply chain, and IT.
- Previously EVP & CFO of Ross Stores; resigning July 2021 to join Burlington.
- Base salary of $900k, target bonus 100% of base, and $2M cash sign-on bonus.
- Make-Whole grant of $6M in LTI to compensate for equity forfeited at prior employer.
- Fiscal 2021 LTI award target $2.7M prorated; mix of performance RSUs, options, and time-based RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000119312521216397/0001193125-21-216397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000119312521216397/d194020d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-216397

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer