Lululemon adds two independent directors per Wilson pact; shareholders approve board declassification

lululemon athletica inc.

Board expands to 11; Laura Gentile and Marc Maurer appointed as independent directors effective June 25, 2026, per cooperation agreement with Chip Wilson and entities.
Gentile and Maurer will serve on Audit Committee and Corporate Responsibility, Sustainability and Governance Committee.
All three Class I director nominees (Bergh, Bracey, List) elected with >89% votes for; no broker non-votes counted.
Shareholders approved declassification of the board (73.1M for, 0.3M against); all directors will face annual elections starting in 2027.
Also approved amendment to 2023 Equity Incentive Plan to increase share reserve (70.5M for, 3.0M against).

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