other material
confidence high
sentiment positive
materiality 0.60
Burford amends CEO, CIO employment: eliminates target bonus, raises carry to 3.75%
Burford Capital Ltd
- CEO Bogart and CIO Molot to receive $1.9M base salary and 3.75% carry starting Jan 1, 2026.
- Annual target bonus of 200% base salary eliminated after ISS criticism.
- Carry increased from 3.00% to 3.75%, restoring the historical formula.
- Severance in non-CIC termination: 2x (base salary + $2M) paid over 24 months.
- Certain perquisites criticized by ISS are discontinued.