Burlington Stores (NYSE: BURL) elects Michael Skirvin to board, audit panel
Rhea-AI Filing Summary
Burlington Stores, Inc. reported that its Board of Directors elected Michael Skirvin as a director effective November 18, 2025. On that date he will also join the company’s Audit Committee.
Under Burlington’s standard independent, non‑management director compensation program for 2025, Mr. Skirvin will receive an annual cash retainer of $95,000 for Board service and $18,000 for serving as a non‑chair member of the Audit Committee, plus an annual restricted stock unit award with a grant date value of $170,000. The company states there are no arrangements or understandings with other persons related to his selection and no transactions involving him that require related‑party disclosure.
The election was publicly announced via a press release dated August 21, 2025, which is filed as Exhibit 99.1 to this report.
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UNITED STATES
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On August 19, 2025, the Board of Directors (the “Board”) of Burlington Stores, Inc. (the “Company”) elected Michael Skirvin as a member of the Board effective as of November 18, 2025. Mr. Skirvin was also appointed to serve as a member of the Audit Committee effective as of the same date.
In accordance with the Company’s standard independent, non-management director compensation program for 2025, Mr. Skirvin will receive an annual retainer of $95,000 for Board service and an annual retainer of $18,000 for service as a non-chair member of the Audit Committee, as well as an annual restricted stock unit award with a grant date value of $170,000. The Company’s director compensation program is further described in the proxy statement for the Company’s 2025 annual meeting of stockholders under the caption entitled “Director Compensation.” There is no arrangement or understanding between Mr. Skirvin and any other persons pursuant to which Mr. Skirvin was selected as a director. There are no transactions in which Mr. Skirvin has an interest requiring disclosure under Item 404(a) of Regulation S-K.
The public announcement regarding the election of Mr. Skirvin was made by means of a press release on August 21, 2025, the text of which is set forth in Exhibit 99.1 to this Current Report on Form 8-K and which is incorporated herein by reference in its entirety.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
Description |
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99.1 |
Press Release dated August 21, 2025 |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BURLINGTON STORES, INC. |
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/s/ David Glick
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David Glick Group Senior Vice President of Investor Relations and Treasurer |
Date: August 21, 2025
FAQ
What did Burlington Stores (BURL) disclose in this 8-K filing?
Burlington Stores disclosed that its Board elected Michael Skirvin as a new director effective November 18, 2025, and appointed him to the Audit Committee as of the same date.
Who is the new director elected to Burlington Stores' Board?
The company elected Michael Skirvin to its Board of Directors. He will also serve as a member of Burlington Stores’ Audit Committee starting November 18, 2025.
How will Burlington Stores (BURL) compensate Michael Skirvin as a director?
Under the 2025 independent, non‑management director compensation program, Mr. Skirvin will receive an annual Board retainer of $95,000, an annual Audit Committee retainer of $18,000 as a non‑chair member, and an annual restricted stock unit award with a grant date value of $170,000.
Are there any related-party transactions involving Burlington Stores and Michael Skirvin?
The company states there are no transactions involving Mr. Skirvin that require disclosure under Item 404(a) of Regulation S‑K, and no arrangement or understanding with any other person pursuant to which he was selected as a director.
When is Michael Skirvin’s appointment to Burlington Stores’ Audit Committee effective?
His appointment to Burlington Stores’ Audit Committee is effective November 18, 2025, the same date his service on the Board begins.
How did Burlington Stores publicly announce Michael Skirvin’s election to the Board?
The election of Mr. Skirvin was publicly announced through a press release dated August 21, 2025, which is filed as Exhibit 99.1 to this report.
