lululemon reaches cooperation pact with founder Chip Wilson; adds two directors

lululemon athletica inc.

Wilson owns ~8.7% of lululemon and will stand down from proxy contest under 18-month standstill.
Laura Gentile (ex-ESPN CMO) and Marc Maurer (ex-Co-CEO of On) to join board after 2026 annual meeting.
Company to appoint an additional independent director with apparel product/brand expertise by Oct 1, 2026.
Board declassification proposal to be voted on at 2026 annual meeting; full declassification by 2028 annual meeting if approved.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

lululemon athletica inc. entered into Cooperation Agreement with Dennis J. “Chip” Wilson, Anamered Investments Inc., LIPO Investments (USA), Inc., Wilson 5 Foundation, Wilson 5 Foundation Management Ltd., Five Boys Investments ULC, Shannon Wilson, Low Tide Properties Ltd. and House of Wilson Ltd. (effective 2026-05-26).

Action: entry
Counterparty: Dennis J. “Chip” Wilson, Anamered Investments Inc., LIPO Investments (USA), Inc., Wilson 5 Foundation, Wilson 5 Foundation Management Ltd., Five Boys Investments ULC, Shannon Wilson, Low Tide Properties Ltd. and House of Wilson Ltd.
Effective: 2026-05-26

Exact text from the filing

On May 26, 2026, lululemon athletica inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) by and between the Company and Dennis J. “Chip” Wilson, Anamered Investments Inc., LIPO Investments (USA), Inc., Wilson 5 Foundation, Wilson 5 Foundation Management Ltd., Five Boys Investments ULC, Shannon Wilson, Low Tide Properties Ltd. and House of Wilson Ltd. (collectively with their affiliates, “Wilson”).

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Source: SEC EDGAR

accession 0001213900-26-061531

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