secwatch.observer — SEC 8-K summary
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Issuer:     Burford Capital Ltd (BUR)
CIK:        0001714174
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0001714174-25-000199
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burford amends CEO, CIO employment: eliminates target bonus, raises carry to 3.75%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1714174/000171417425000199/0001714174-25-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1714174/000171417425000199/bur-20251124.htm
  HTML page:      https://secwatch.observer/filing/0001714174-25-000199

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