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Get filing alertsRisk Profile Improvements
- Executive Compensation Opposition At 36.8% (new) — Elevated say-on-pay opposition suggests meaningful shareholder dissatisfaction with compensation practices.
- Cooperation Agreement With Founder (new) — Board expansion under agreement with founder Chip Wilson indicates resolution of a governance dispute or activist pressure.
Lululemon adds two directors under cooperation pact with founder Chip Wilson
Filed June 26, 2026 · Period ending June 24, 2026 · ~1 min read
Key Changes
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high
Board expanded from 9 to 11 members by appointing Laura Gentile and Marc Maurer, both independent directors, pursuant to a May 2026 cooperation agreement with founder Chip Wilson and related entities.
Item 5.02 verify on EDGAR → -
high
Shareholders approved board declassification with 99.6% support, requiring all directors to stand for annual election rather than staggered three-year terms.
Item 5.07 verify on EDGAR → -
medium
Executive compensation received only 63.2% approval (46.4M for, 27.0M against), with 36.8% opposition representing elevated shareholder concern about pay practices.
Item 5.07 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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Generated by AI · Jun 26, 2026 11:06 AM