Burlington Stores names new HR chief after exit
Burlington Stores, Inc. reported that Executive Vice President and Chief Human Resources Officer Matthew Pasch will leave the company effective September 1, 2026.
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.
Positive
- None.
Negative
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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
8-K Event Classification
Key Figures
Key Terms
Executive Severance Plan financial
performance-based restricted stock unit financial
pro-rata basis financial
three-year performance period financial
Form 10-Q regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did Burlington Stores (BURL) disclose?
When is Burlington Stores (BURL) executive Matthew Pasch leaving the company?
What does the Severance Agreement for Burlington Stores (BURL) executive Matthew Pasch provide?
Who is expected to become the new Chief Human Resources Officer at Burlington Stores (BURL)?
Where will investors find the full Severance Agreement for Burlington Stores (BURL) executive Matthew Pasch?
What experience does John Pershing bring to Burlington Stores (BURL)?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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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.
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.
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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 4, 2026