Business Context and Reporting Period
This Form 8-K Current Report was filed by Burlington Stores, Inc. on January 23, 2014, regarding an event that occurred on January 17, 2014. The filing addresses corporate governance changes specifically related to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure of personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the immediate resignation of Mark Verdi as a director of Burlington Stores, Inc., Burlington Coat Factory Investments Holdings, Inc., and Burlington Coat Factory Warehouse Corporation. The resignation was effective immediately upon written notice on January 17, 2014.
Management Commentary and Risks
Management stated that Mr. Verdi's resignation did not involve any disagreement with the Company. Mr. Verdi is departing to become the President of C&S Wholesale Grocers, Inc., effective March 1, 2014. No other risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Mark Verdi resigned as a director of the Company and its subsidiaries effective January 17, 2014.
- The resignation was voluntary and not related to any disagreement with the Company.
- Mr. Verdi is transitioning to a new role as President of C&S Wholesale Grocers, Inc. starting March 1, 2014.
- This filing contains no financial results or guidance updates.