Burlington Stores (NYSE: BURL) plans HR leadership change in 2026

Q: What leadership change did Burlington Stores (BURL) disclose?

Burlington Stores disclosed that Executive Vice President and Chief Human Resources Officer Matthew Pasch will depart effective September 1, 2026, and that John Pershing is expected to succeed him as Executive Vice President and Chief Human Resources Officer starting in October 2026.

Q: When is Burlington Stores (BURL) executive Matthew Pasch leaving the company?

Matthew Pasch , Executive Vice President and Chief Human Resources Officer, is scheduled to depart Burlington Stores effective September 1, 2026 . His departure terms are governed by the Burlington Stores, Inc. Executive Severance Plan and a Severance Agreement entered into on July 31, 2026.

Q: What does the Severance Agreement for Burlington Stores (BURL) executive Matthew Pasch provide?

The Severance Agreement provides benefits under the Executive Severance Plan , plus continued pro-rata vesting of Pasch’s 2024 performance-based restricted stock unit award through his departure date, with vesting based on actual performance over the full three-year performance period.

Q: Who is expected to become the new Chief Human Resources Officer at Burlington Stores (BURL)?

John Pershing is expected to succeed Matthew Pasch as Executive Vice President and Chief Human Resources Officer in October 2026 . He previously held senior human resources roles at Barnes & Noble, Canadian Tire Corporation, Ascena Retail Group, and Best Buy.

Q: Where will investors find the full Severance Agreement for Burlington Stores (BURL) executive Matthew Pasch?

Burlington Stores plans to file the full Severance Agreement as an exhibit to its Quarterly Report on Form 10-Q for the period ending August 1, 2026, allowing investors to review the complete contractual terms.

Q: What experience does John Pershing bring to Burlington Stores (BURL)?

John Pershing previously served as Chief Human Resources Officer for Barnes & Noble (2024–2025), EVP and CHRO for Canadian Tire (2019–2023), EVP and CHRO for Ascena Retail Group (2015–2019), and spent over 20 years at Best Buy in leadership roles.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Burlington Stores, Inc. reported that Executive Vice President and Chief Human Resources Officer Matthew Pasch will leave the company effective September 1, 2026. His departure benefits are governed by the company’s Executive Severance Plan and a Severance Agreement dated July 31, 2026.

The Severance Agreement includes continued pro-rata vesting of his 2024 performance-based restricted stock units through his departure date, based on actual results over a three-year performance period. John Pershing is expected to become Executive Vice President and Chief Human Resources Officer in October 2026, following senior HR roles at Barnes & Noble, Canadian Tire, Ascena Retail Group, and Best Buy.

Filing Explained

The filing says its description of Matthew Pasch’s Severance Agreement is incomplete and that the full agreement will be filed as an exhibit to the Company’s Form 10-Q for the period ending August 1, 2026; that later filing is the specified path to the agreement’s detailed terms.

8-K Event Classification

2 items: 5.02, 8.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Departure effective date: September 1, 2026 Severance Agreement date: July 31, 2026 Executive Severance Plan amendment date: March 17, 2026 +2 more

5 metrics

Departure effective date September 1, 2026 Effective date of Matthew Pasch’s departure as EVP and CHRO

Severance Agreement date July 31, 2026 Date Burlington Stores and Matthew Pasch entered the Severance Agreement

Executive Severance Plan amendment date March 17, 2026 Date the Executive Severance Plan was amended and restated

Successor effective timing October 2026 Month John Pershing is expected to become EVP and CHRO

Tenure at Best Buy over 20 years John Pershing’s prior tenure at Best Buy in leadership roles

Key Terms

Executive Severance Plan, performance-based restricted stock unit, pro-rata basis, three-year performance period, +1 more

5 terms

Executive Severance Plan financial

"benefits in accordance with the terms of the Burlington Stores, Inc. Executive Severance Plan"

performance-based restricted stock unit financial

"continued vesting of his 2024 performance-based restricted stock unit award on a pro-rata basis"

A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.

pro-rata basis financial

"continued vesting of his 2024 performance-based restricted stock unit award on a pro-rata basis"

Allocation or distribution that gives each participant a share proportional to their existing ownership, stake or entitlement — like slicing a pie so everyone gets a piece matching how big their original slice was. For investors this matters because it determines how much of new shares, dividends, fees or obligations they receive, helps preserve or change ownership percentages, and directly affects dilution and voting power.

three-year performance period financial

"based on actual performance during the three-year performance period"

Form 10-Q regulatory

"filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/04/2026 - 04:16 PM Accepted by SEC EDGAR 08/04/2026 - 04:16 PM

FAQ

What leadership change did Burlington Stores (BURL) disclose?

Burlington Stores disclosed that Executive Vice President and Chief Human Resources Officer Matthew Pasch will depart effective September 1, 2026, and that John Pershing is expected to succeed him as Executive Vice President and Chief Human Resources Officer starting in October 2026.

When is Burlington Stores (BURL) executive Matthew Pasch leaving the company?

Matthew Pasch, Executive Vice President and Chief Human Resources Officer, is scheduled to depart Burlington Stores effective September 1, 2026. His departure terms are governed by the Burlington Stores, Inc. Executive Severance Plan and a Severance Agreement entered into on July 31, 2026.

What does the Severance Agreement for Burlington Stores (BURL) executive Matthew Pasch provide?

The Severance Agreement provides benefits under the Executive Severance Plan, plus continued pro-rata vesting of Pasch’s 2024 performance-based restricted stock unit award through his departure date, with vesting based on actual performance over the full three-year performance period.

Who is expected to become the new Chief Human Resources Officer at Burlington Stores (BURL)?

John Pershing is expected to succeed Matthew Pasch as Executive Vice President and Chief Human Resources Officer in October 2026. He previously held senior human resources roles at Barnes & Noble, Canadian Tire Corporation, Ascena Retail Group, and Best Buy.

Where will investors find the full Severance Agreement for Burlington Stores (BURL) executive Matthew Pasch?

Burlington Stores plans to file the full Severance Agreement as an exhibit to its Quarterly Report on Form 10-Q for the period ending August 1, 2026, allowing investors to review the complete contractual terms.

What experience does John Pershing bring to Burlington Stores (BURL)?

John Pershing previously served as Chief Human Resources Officer for Barnes & Noble (2024–2025), EVP and CHRO for Canadian Tire (2019–2023), EVP and CHRO for Ascena Retail Group (2015–2019), and spent over 20 years at Best Buy in leadership roles.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 31, 2026

BURLINGTON STORES, INC.

(Exact Name of Registrant As Specified In Charter)



Delaware	001-36107	80-0895227
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2006 Route 130 North

Burlington, New Jersey 08016

(Address of Principal Executive Offices, including Zip Code)

(609) 387-7800

(Registrant’s telephone number, including area code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	BURL	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 31, 2026, Burlington Stores, Inc. (the “Company”) and Matthew Pasch, the Company’s Executive Vice President and Chief Human Resources Officer, determined that he will be departing from the Company effective September 1, 2026.

Mr. Pasch’s departure entitles him to benefits in accordance with the terms of the Burlington Stores, Inc. Executive Severance Plan (as amended and restated on March 17, 2026), as reflected in the Severance Agreement that the parties entered into as of July 31, 2026 (the “Severance Agreement”). In addition, the Severance Agreement provides for continued vesting of his 2024 performance-based restricted stock unit award on a pro-rata basis through his Departure Date and based on actual performance during the three-year performance period.

The description of the Severance Agreement set forth under this Item 5.02 does not purport to be complete and is qualified in its entirety by reference to the full text of the Severance Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending August 1, 2026.

Item 8.01. Other Events.

John Pershing is expected to succeed Mr. Pasch as the Company’s Executive Vice President and Chief Human Resources Officer effective October 2026. Mr. Pershing previously served as the Chief Human Resources Officer for Barnes & Noble from 2024 through 2025, Executive Vice President, Chief Human Resources Officer for Canadian Tire Corporation from 2019 to 2023, and Executive Vice President, Chief Human Resources Officer of Ascena Retail Group from 2015 to 2019. Prior to joining Ascena in 2011, Mr. Pershing spent over 20 years at Best Buy in a variety of leadership roles and was most recently Executive Vice President, Human Capital.

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.

     BURLINGTON STORES, INC.

    

     /s/ David Glick

     David Glick
Group Senior Vice President of Investor Relations and Treasurer

Date: August 4, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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