secwatch.observer — SEC 8-K summary
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Issuer:     lululemon athletica inc. (LULU)
CIK:        0001397187
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001397187-26-000070
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

lululemon appoints former Nike executive Heidi O'Neill as CEO, effective September 8, 2026
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- Heidi O'Neill, 61, former Nike President of Consumer, Product & Brand, named CEO and board member.
- Base salary $1.4M, target bonus 200% of base, annual equity awards ~$10M plus one-time grants totalling $7M.
- One-time cash retention bonus of $2M subject to 24-month clawback if she resigns without good reason.
- Interim co-CEOs Meghan Frank and Andre Maestrini to continue until Ms. O'Neill joins.
- O'Neill also serves on boards of Hyatt, Lithia Motors, and Spotify.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397187/000139718726000070/0001397187-26-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397187/000139718726000070/lulu-20260421.htm
  HTML page:      https://secwatch.observer/filing/0001397187-26-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer