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Get filing alertsLululemon settles with founder Chip Wilson, adding 3 directors and declassifying board
Filed May 27, 2026 · Period ending May 26, 2026 · ~1 min read
Key Changes
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Lululemon entered cooperation agreement with founder Chip Wilson, resolving governance dispute by adding three Wilson-approved independent directors and supporting board declassification proposal.
Item 1.01: Cooperation Agreement verify on EDGAR → -
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Board will add Laura Gentile and Marc Maurer immediately after 2026 annual meeting, plus third director with apparel expertise by October 1, 2026, subject to Wilson's approval.
Item 1.01: Board Appointments verify on EDGAR → -
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Company will support declassifying board structure to enable annual election of all directors, effective 2028 if shareholders approve at 2026 and 2027 meetings.
Item 1.01: Board Declassification verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 28, 2026 · How we verify