Welcome to our dedicated page for Burford Capital SEC filings (Ticker: BUR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Burford Capital Limited (NYSE: BUR) SEC filings page provides access to the company’s US regulatory disclosures, including current reports on Form 8-K that describe material events, financial updates and financing transactions. Burford’s filings identify it as a Guernsey company and outline its role as a global finance and asset management firm focused on law, with businesses in litigation finance and risk management, asset recovery and legal finance and advisory activities.
Burford’s recent Form 8-K filings illustrate several key categories of information. Some 8-Ks furnish press releases announcing unaudited financial results for specific quarters and year-to-date periods, together with detailed presentations for investors and analysts. Others report board decisions such as interim dividend declarations on ordinary shares, including the amount per share and relevant record and payment dates.
Additional 8-Ks describe capital structure and financing developments. For example, a filing dated July 11, 2025 details a private offering of 7.50% senior notes due 2033 by Burford Capital Global Finance LLC, guaranteed on a senior unsecured basis by Burford Capital and certain subsidiaries, and explains the intended use of proceeds and key terms of the indenture. Later press releases referenced in filings discuss further senior note offerings and planned redemptions of existing bonds.
Burford also uses its SEC filings to disclose governance and compensation matters. An 8-K filed on November 25, 2025 outlines amended and restated employment agreements for the company’s Chief Executive Officer and Chief Investment Officer, including the structure of base salary and formulaic carried interest payments, changes to severance arrangements and the response to feedback from Institutional Shareholder Services.
Other filings address significant legal matters, such as the YPF case, through Regulation FD disclosures that attach detailed press releases on procedural status, appeals, enforcement activity and international recognition efforts. Together, these documents give investors a structured view of Burford’s financial reporting, capital markets activity, executive arrangements and exposure to complex litigation.
On Stock Titan, these filings are paired with AI-powered tools that summarize key points from Burford’s disclosures, highlight important terms in documents like 8-Ks and help readers navigate the legal and financial details contained in the company’s SEC reports.
Burford Capital Limited updated the employment terms of its current President, Aviva Will. Effective March 11, 2026, she will transition from President to Vice Chair and will no longer serve as an executive officer of the company.
Under the amended and restated employment agreement, Ms. Will’s new role has a two-year term with an annual base salary of $1,000,000 and eligibility for employee benefit plans. She will receive a one-time cash retention payment of $1,762,984.88, a one-time grant of restricted share units valued at $300,000, an additional grant of 4,240 RSUs, and carried interest for the 2025 vintage year at the same level as in 2024.
If Burford terminates her employment without cause, she is entitled to a cash severance equal to the greater of $1,000,000 or her remaining base salary for the initial term, plus up to twelve months of continued health coverage for any termination. The agreement also includes ongoing confidentiality and non-disparagement obligations, and one-year non-compete and non-solicitation covenants after employment ends.
Burford Capital Limited filed its Annual Report describing its 2025 operations as a large, Guernsey‑incorporated legal finance specialist listed in New York and London. The company focuses on funding large, complex disputes and related legal assets rather than small consumer cases.
Burford reports a diversified group‑wide legal finance portfolio of $7.5 billion and says it has committed more than $12.1 billion to legal finance assets since 2009. As of June 30, 2025, non‑affiliate shareholdings had a market value of about $2.84 billion, with 218,897,440 ordinary shares outstanding as of February 19, 2026.
The report outlines a two‑segment structure: Principal Finance, which invests Burford’s balance sheet capital, and Asset Management and Other Services, which manages $3.2 billion of third‑party capital. It also explains Burford‑only and other non‑GAAP metrics, key performance indicators and extensive risk factors tied to litigation outcomes, valuation, regulation, funding and technology.
Burford Capital Limited reported mixed 2025 results, combining solid full-year profitability with a weak fourth quarter. For FY25, consolidated GAAP net income was $72 million, with $63 million attributable to Burford shareholders, down from $146 million a year earlier. 4Q25 swung to a loss of $(50) million consolidated and $(37) million attributable, reflecting extended case durations and unrealized fair value losses.
Capital provision income was $331 million in FY25, a 15% decline from $388 million, while cash receipts were $530 million versus $699 million in 2024, still highlighting strong cash generation from realizations. New definitive commitments rose 39% to $872 million and deployments increased to $459 million, supporting portfolio growth. Modeled realizations (excluding YPF) increased by about $700 million to $5.2 billion, with an implied modeled ROIC of 110%.
Book value per share at year-end was $11.18 and tangible book value per share was $10.57. Debt payable stood at $2.13 billion, with liquidity of $621 million in cash and marketable securities. The board declared a final dividend of $0.0625 per ordinary share for 2025, payable June 12, 2026 to shareholders of record on May 22, 2026, subject to shareholder approval. The company also highlighted a three-year rolling ROTCE of 13% and a fair value of $1.7 billion for its YPF-related assets as of December 31, 2025.
Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd filed an amended Schedule 13G reporting beneficial ownership of 17,940,391 Burford Capital Ltd common shares, representing 8.2% of the class. Orbis holds 17,741,246 shares with sole voting and dispositive power, while Allan Gray holds 199,145 shares with sole authority.
The firms state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Burford. They classify themselves as non-U.S. institutions equivalent to investment advisers, and each disclaims beneficial ownership of shares held by the other.
Burford Capital Ltd received a Schedule 13G from Conifer Management, L.L.C. reporting a sizable institutional position. Conifer, a Delaware-based investment adviser, reports beneficial ownership of 12,148,278 ordinary shares, representing 5.6% of Burford’s outstanding class as of the event date.
Conifer reports sole voting and sole dispositive power over all 12,148,278 shares, with no shared power. The firm states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Burford Capital.
Burford Capital Limited disclosed that its indirect subsidiary Burford Capital Global Finance LLC has closed a private offering of $500,000,000 aggregate principal amount of 8.50% senior notes due 2034. The notes are guaranteed on a senior unsecured basis by Burford Capital and were issued under an indenture dated January 15, 2026 with U.S. Bank Trust Company, National Association, as trustee.
Burford Capital intends to use the net proceeds to redeem its 5.000% bonds due 2026 and for general corporate purposes, which may include repaying or retiring other existing debt. The new notes pay interest at 8.50% per annum, with semi-annual payments each January 15 and July 15, starting on July 15, 2026, to holders of record on the preceding January 1 and July 1.
The notes mature on January 15, 2034 but may be redeemed by the issuer, in whole or in part, before maturity as described in the indenture. Burford Capital PLC has issued a notice to redeem all outstanding 2026 bonds, with redemption scheduled for January 30, 2026, aligning the new financing with the upcoming bond maturity.
Burford Capital Ltd director reported a new equity-linked award under the company’s deferred compensation plan. On 12/18/2025, Mr. Halmy acquired 5,075.6 Phantom RSUs at a reference price of $9.26 per unit. These are derivative securities that give a contingent right to receive the economic equivalent of one Burford ordinary share for each Phantom RSU, payable in cash or ordinary shares under the plan’s terms.
Following this transaction, Mr. Halmy indirectly beneficially owned 8,018.4 Phantom RSUs. The filing confirms his status as a director and indicates the transaction was reported on a Form 4 for a single reporting person.
Burford Capital Ltd disclosed that its President, Ms. Will, acquired additional deferred equity-based compensation through its non-qualified deferred compensation plan. On 12/16/2025 she obtained a total of 1,394.3 phantom restricted share units (Phantom RSUs), consisting of a purchase of 1,045.3 Phantom RSUs by her and a matching contribution of 349.0 Phantom RSUs by Burford Capital Limited. These Phantom RSUs vest on November 7, 2027, contingent on her continued employment through that date.
Each Phantom RSU represents the right to receive the economic equivalent of one Burford ordinary share, which may be settled in cash or ordinary shares under the plan terms. The filing also notes a price of $9.14 for the derivative security and shows 163,060 derivative securities beneficially owned following the reported transaction.
Burford Capital Ltd reported an equity-based compensation transaction involving one of its officers. Vice Chair Mr. Perla acquired a total of 10,294 phantom restricted share units ("Phantom RSUs") on December 5, 2025 under the Burford Capital Deferred Compensation Plan. This reflects a purchase of 9,706 Phantom RSUs by Mr. Perla and a matching contribution of 588 Phantom RSUs by the company.
The Phantom RSUs vest on November 7, 2027, subject to Mr. Perla’s continued employment through that date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Burford ordinary share, which may be settled in cash or ordinary shares in line with the plan’s terms.
Burford Capital Limited reported that its subsidiary Burford Capital LLC has entered into amended and restated employment agreements with Chief Executive Officer Christopher P. Bogart and Chief Investment Officer Jonathan T. Molot, effective January 1, 2026. These changes respond to negative feedback from Institutional Shareholder Services following the May 14, 2025 shareholder meeting.
The new structure removes the target annual discretionary bonus and restores the executives’ formulaic carried interest from 3.00% back to 3.75% each, based solely on cash gains. As of January 1, 2026, each executive will generally receive a $1.9 million base salary plus 3.75% carry, with no annual bonus, and certain historical perquisites are discontinued.
If Burford terminates an executive without Cause or the executive resigns for Good Reason (outside a Change in Control Period), each is entitled to a cash severance equal to two times the sum of his annual base salary and $2.0 million.