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    Burlington Stores Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

    5/27/25 4:49:29 PM ET
    $BURL
    Department/Specialty Retail Stores
    Consumer Discretionary
    Get the next $BURL alert in real time by email
    8-K
    false000157929800015792982025-05-202025-05-20

     

    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): May 20, 2025

     

    img212702084_0.jpg

    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.

    First Amendment to Burlington Stores, Inc. 2022 Omnibus Incentive Plan

    At the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Burlington Stores, Inc. (the "Company") held on May 20, 2025, the Company’s stockholders approved the First Amendment (the "First Amendment") to the Burlington Stores, Inc. 2022 Omnibus Incentive Plan (the “Amended 2022 Plan”). The First Amendment provides for an increase in the number of shares of Company common stock subject to the Amended 2022 Plan by 3,100,000 and clarifies that shares tendered to the Company or withheld by the Company subject to a stock appreciation right will not be made available again for issuance under the Amended 2022 Plan.

    A more complete description of the First Amendment and the Amended 2022 Plan is contained in the definitive proxy statement for the Annual Meeting (the "Proxy Statement"), which was filed with the Securities and Exchange Commission on April 3, 2025, which description is incorporated by reference herein. The foregoing descriptions and the description incorporated by reference from the Proxy Statement are qualified in their entirety by reference to the First Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

     

    Item 5.07

    Submission of Matters to a Vote of Security Holders.

     

    A total of 60,442,014 shares of the Company’s common stock, representing approximately 96% of the shares outstanding and eligible to vote and constituting a quorum, were voted at the Annual Meeting. The Company’s stockholders voted on the following proposals at the Annual Meeting:

    •
    the election of four directors of the Company to serve for a term of one year;
    •
    the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered certified public accounting firm for the fiscal year ending January 31, 2026;
    •
    an advisory vote regarding the compensation of the Company’s named executive officers; and
    •
    the approval of the Amended 2022 Plan.

     

    The proposals are described in more detail in the Proxy Statement. The final voting results with respect to each proposal are set forth below.

    1.
    Election of Directors

     

    NAme

    For

    Against

    Abstained

     

    Broker Non-Votes

    Shira Goodman

    59,480,142

    17,967

    15,824

    928,081

    John Mahoney

    58,834,500

    664,095

    15,338

    928,081

    Laura Sen

    59,420,031

    78,662

    15,240

    928,081

    Paul Sullivan

    58,134,191

    1,364,594

    15,148

    928,081

     

    2.
    Ratification of Appointment of Independent Registered Certified Public Accounting Firm

     

    For

    Against

    Abstained

    Broker Non-Votes

    58,702,889

    1,723,801

     15,324

    N/A

    3.
    Advisory Vote on Compensation of Named Executive Officers

     

    For

    Against

    Abstained

    Broker Non-Votes

    53,015,094

    6,473,424

    25,415

    928,081

     

    4.
    Approval of Amended 2022 Plan

     

    For

    Against

    Abstained

    Broker Non-Votes

    56,723,678

    2,770,793

    19,462

    928,081

     

     

     


     

    Item 9.01. Financial Statements and Exhibits.

    (d) Exhibits

     

     

    Exhibit

    No.

    Description

     

     

     

     

     

     

    10.1

    First Amendment to Burlington Stores, Inc. 2022 Omnibus Incentive Plan

    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.

    BURLINGTON STORES, INC.

     

    /s/ David Glick

     

    David Glick

    Group Senior Vice President of Investor Relations and Treasurer
     

    Date: May 27, 2025

     


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