Lulu's Fashion Lounge Holdings, Inc. — fact timeline

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Approval of an amendment to the Company's Certificate of Incorporation to provide exculpation to certain officers of the Company as permitted by amendments to the Delaware General Corporation Law. at the 2026-06-09 meeting.

“Proposal 4 — Approval of an amendment to the Company’s Certificate of Incorporation to provide exculpation to certain officers of the Company as permitted by amendments to the Delaware General Corporation Law. ​ ​ ​ ​ FOR ​ AGAINST ​ ABSTAIN ​ BROKER NON-VOTE ​ ​ ​ ​ ​ ​ ​ 2,328,832 ​ 7,790 ​ 108 ​ 383,835”

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Approval of an amendment to the Company's Fourth Amended and Restated Certificate of Incorporation to decrease the number of authorized shares of the Company's common stock from 250,000,000 to 15,000,000 and decrease the number of authorized shares of the Company's preferred stock from 10,000,000 to at the 2026-06-09 meeting.

“Proposal 3 — Approval of an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to decrease the number of authorized shares of the Company’s common stock from 250,000,000 to 15,000,000 and decrease the number of authorized shares of the Company’s preferred stock from 10,000,000 to 500,000. ​ ​ ​ ​ ​ ​ FOR ​ AGAINST ​ ABSTAIN ​ BROKER NON-VOTE ​ ​ ​ ​ ​ ​ ​ 2,333,879 ​ 2,839 ​ 12 ​ 383,835”

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending January 3, 2027. at the 2026-06-09 meeting.

“Proposal 2 — Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 3, 2027. ​ FOR ​ AGAINST ​ ABSTAIN ​ BROKER NON-VOTE ​ ​ ​ ​ ​ ​ ​ 2,700,276 ​ 20,130 ​ 159 ​ 0”

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Election of two Class II directors to serve for a term of office expiring on the date of the 2029 annual meeting of stockholders, and until their respective successors have been duly elected and qualified or until each such director's earlier death, resignation or removal. at the 2026-06-09 meeting.

“Proposal 1 — Election of two Class II directors to serve for a term of office expiring on the date of the 2029 annual meeting of stockholders, and until their respective successors have been duly elected and qualified or until each such director’s earlier death, resignation or removal. ​ ​ ​ ​ ​ FOR ​ WITHHOLD ​ BROKER NON-VOTE Anisa Kumar 2,301,513 ​ 35,217 ​ 383,835 Crystal Landsem 2,324,327 ​ 12,403 ​ 383,835”

Lulu's Fashion Lounge Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“May 21, 2026, Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) received a letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is out of compliance with the minimum of $2.5 million of stockholders’ equity required for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(1). The Company’s stockholders’ equity as reported in the Company’s Quarterly Report on Form 10-Q for the period ended March 29, 2026 was approximately $(525) thousand. The Company does not meet the a”

Lulu's Fashion Lounge Holdings, Inc. reported first quarter ended March 29, 2026 results: revenue $57.5 million, net income $4.1 million. Guidance reaffirmed.

“in extending our momentum and driving improved profitability, cash generation, and customer engagement throughout the year.” ​ First Quarter 2026 Highlights: ● Net revenue of $57.5 million, a 10% decrease compared to the same period last year, driven by a 15% decrease in Total Orders Placed and the impact of higher return rates driven primarily from sales mix,”

Lulu's Fashion Lounge Holdings, Inc. updated its fourth quarter and fiscal year ended December 28, 2025 guidance (initiated).

“On March 30, 2026, Lulu’s Fashion Lounge Holdings, Inc. (“Lulus”) issued a press release containing Lulus’ financial results for its fourth quarter and fiscal year ended December 28, 2025 and issued its financial outlook for the fiscal year ending January 3, 2027.”

Lulu's Fashion Lounge Holdings, Inc. incurred revolving credit of $20 million commitment with White Oak Commercial Finance, LLC at 30-day SOFR rate plus 3.95% maturing August 14, 2028.

“as Administrative Agent, and the lenders party thereto (the “2025 Credit Agreement”). The 2025 Credit Agreement is comprised of an asset-based revolving credit facility with a $20 million commitment, a $5 million uncommitted accordion and a $1 million sublimit for letters of credit. The amount that the Borrowers may borrow under the 2025 Credit Agreement is based”

Lulu's Fashion Lounge Holdings, Inc.: Filed Certificate of Amendment to effect a 1-for-15 reverse stock split of common stock (effective 2025-07-03).

“On June 26, 2025, Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Fourth Amended and Restated Certificate of Incorporation (the "Certificate of Incorporation") with the Secretary of State of the State of Delaware to effect a 1-for-15 reverse stock split”

Lulu's Fashion Lounge Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price.

“February 27, 2025, the Company received a letter from Nasdaq indicating that the Company was not in compliance with the minimum close bid price of $1.00 per share required for continued listing. The Company has 180 calendar days, or until August 26, 2025, to regain compliance with the minimum bid price rule. As part of the Approval, the Company will be afforded the remainder of this compliance period to comply with the minimum bid price requirement. As discussed below, at the Company’s Annual Meeting of Stockholders held on June 10, 2025 (the “Annual Meeting”), the Company’s stockholders appro”

Lulu's Fashion Lounge Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

“quirements. ​ As previously disclosed, on May 21, 2025, the Company received a letter from Nasdaq indicating that the Company was not in compliance with the minimum of $10 million of stockholders’ equity required for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(1)(A), because the Company’s stockholders’ equity as reported in the Company’s Quarterly Report on Form 10-Q for the period ended March 30, 2025 was approximately $6.6 million. In response, the Company filed an application to transfer the listing of its Common Stock from the Nasdaq Global Ma”

Crystal Landsem was appointed as Interim Chief Financial Officer at Lulu's Fashion Lounge Holdings, Inc..

“the Board has appointed Crystal Landsem to serve as the Company’s Interim Chief Financial Officer, effective as of the Transition Date”

Tiffany R. Smith resigned as Chief Financial Officer at Lulu's Fashion Lounge Holdings, Inc..

“On May 30, 2025, Tiffany R. Smith notified the Company of her decision to resign as Chief Financial Officer, effective June 30, 2025”

Lulu's Fashion Lounge Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

“May 21, 2025, Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is out of compliance with the minimum of $10 million of stockholders’ equity required for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(1)(A). The Company’s stockholders’ equity as reported in the Company’s Quarterly Report on Form 10-Q for the period ended March 30, 2025 was approximately $6.6 million. In accordance with N”

Lulu's Fashion Lounge Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

“February 27, 2025, Lulu’s Fashion Lounge Holdings, Inc. (“the Company”) received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that for the last 30 consecutive trading days, the bid price of the Company’s common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements of Nasdaq listing rule 5450(a)(1). The notification received has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. In accordance with listing rule 5810(c)(3)(A)”

Kira Yugay resigned as Director at Lulu's Fashion Lounge Holdings, Inc..

“Kira Yugay tendered her resignation as a Class I director of the Board”

Danielle Qi resigned as Director at Lulu's Fashion Lounge Holdings, Inc..

“Danielle Qi tendered her resignation as a Class II director of the Board”

Caroline Sheu resigned as Director at Lulu's Fashion Lounge Holdings, Inc..

“Caroline Sheu tendered her resignation as a Class III director of the Board”

Michael Mardy resigned as Director at Lulu's Fashion Lounge Holdings, Inc..

“Michael Mardy tendered his resignation as a Class III director of the Board”

Lulu's Fashion Lounge Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $77.3 million, net income Net loss of $5.7 million, EPS $(0.15).

“our opportunities to return to growth as we continue to build upon our operational efficiency, innovation, and product offering." First Quarter 2024 Highlights: ● Net revenue of $77.3 million, a decrease of 15% compared to $91.0 million in the same period last year, driven by a 17% decrease in Total Orders Placed with higher return rates, offset by higher Average”

Lulu's Fashion Lounge Holdings, Inc. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $355,175, net income $(19,334), EPS $(0.48).

“​ ​ ​ ​ ​ ​ ​ Fiscal Years Ended ​ December 31, 2023 ​ ​ January 1, 2023 ​ ​ YoY Change ​ ​ ​ (52 weeks) ​ (52 weeks) ​ ​ ​ ​ ​ (In thousands, except percentages) Net revenue ​ $ 355,175 ​ ​ $ 439,652 ​ ​ (19) % Gross profit ​ $ 148,226 ​ ​ $ 191,446 ​ ​ (23) % Gross Margin* ​ ​ 41.7 % ​ ​ 43.5 % ​ (180) bps Net income (loss) ​ $ (19,334) ​ ​ $ 3,725 ​ ​ NM ​”

John Black was appointed as Chairman of the Board at Lulu's Fashion Lounge Holdings, Inc..

“the Board approved the appointment of current director, John Black, as Chairman of the Board of Directors as of the Effective Date.”

David W. McCreight departed as Executive Chairman at Lulu's Fashion Lounge Holdings, Inc..

“Mr. McCreight will conclude his service as Executive Chairman on March 6, 2024”

Lulu's Fashion Lounge Holdings, Inc. reported third quarter ended October 1, 2023 results: revenue $83.1 million, net income Net loss of $3.9 million, EPS $(0.10) per diluted share. Guidance reaffirmed.

“set forth by specific reference in such a filing. ​ --- EX-99.1 (EX-99.1) --- Lulus Reports Third Quarter 2023 Results and Updates Full Year 2023 Guidance Net Revenue of $83.1 million, down 21% from Third Quarter 2022 Grew Net Cash Provided by Operating Activities and Free Cash Flow by 122% and 150%, respectively, from Third Quarter 2022 ​ CHICO, Calif.,”

Kelly McCarthy was appointed as Class I director at Lulu's Fashion Lounge Holdings, Inc..

“appointed Kelly McCarthy as a Class I director of the Company, effective as of August 18, 2023.”

Lulu's Fashion Lounge Holdings, Inc. reported second quarter ended July 2, 2023 results: revenue $106.1 million, net income Net loss of $2.6 million, EPS $(0.07) per diluted share. Guidance initiated.

“set forth by specific reference in such a filing. ​ --- EX-99.1 (EX-99.1) --- Lulus Reports Second Quarter 2023 Results and Updates Full Year 2023 Guidance Net Revenue of $106.1 million, down 19% from Second Quarter 2022, up 2.5% from Second Quarter 2021 Significant Sequential Improvement in Gross Margin Rate of 44.7%, up 300bps from First Quarter 2023 ​ CHICO,”

Lulu's Fashion Lounge Holdings, Inc. reported the second quarter ended July 2, 2023 results: revenue net revenue of approximately $104.5 million to $106.0 million, net income a loss before income taxes of approximately $2.6 million to $1.8 million.

“We expect net revenue of approximately $104.5 million to $106.0 million, which would represent a decline of approximately 20.5% to 19.4% compared to the same period last year.”

Lulu's Fashion Lounge Holdings, Inc. reported preliminary financial results for the second fiscal quarter ended July 2, 2023.

“On July 25, 2023, Lulu’s Fashion Lounge Holdings, Inc. (“Lulus”) issued a press release containing Lulus’ preliminary unaudited financial results for the second fiscal quarter ended July 2, 2023.”

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Amendment to the Company’s Omnibus Equity Plan to increase the number of shares of Common Stock authorized for issuance under the Omnibus Equity Plan by 2,000,000 shares..

“Item 3 — Amendment to the Company’s Omnibus Equity Plan to increase the number of shares of Common Stock authorized for issuance under the Omnibus Equity Plan by 2,000,000 shares. ​ ​ Votes FOR Votes AGAINST Votes ABSTAINED Broker Non-Votes ​ ​ ​ ​ 30,282,473 4,482,680 2,556 2,497,288”

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-12-31 meeting.

“Item 2 — Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. ​ Votes FOR Votes AGAINST Votes ABSTAINED Broker Non-Votes ​ ​ ​ ​ 37,260,939 3,112 946 0”

Lulu's Fashion Lounge Holdings, Inc. shareholders approved Election of three Class II directors for a term of office expiring on the date of the 2026 annual meeting of stockholders, and until their respective successors have been duly elected and qualified or until each such director’s earlier death, resignation or removal..

“Item 1 — Election of three Class II directors for a term of office expiring on the date of the 2026 annual meeting of stockholders, and until their respective successors have been duly elected and qualified or until each such director’s earlier death, resignation or removal. ​ ​ ​ Votes FOR Votes WITHHELD Broker Non-Votes Anisa Kumar 33,023,379 1,744,330 2,497,288 Crystal Landsem 31,337,631 3,430,078 2,497,288 Danielle Qi 31,020,796 3,746,913 2,497,288”

Lulu's Fashion Lounge Holdings, Inc. reported first quarter ended April 2, 2023 results: revenue $91.0 million, net income Net loss of $5.6 million, EPS $(0.14) per diluted share. Guidance reaffirmed.

“Lulus Reports First Quarter 2023 Results and Reaffirms Full Year 2023 Guidance Net Revenue of $91 million”

Caroline Sheu was appointed as Director at Lulu's Fashion Lounge Holdings, Inc..

“appointed Caroline Sheu as a Class III director of the Company, effective as of the Effective Date”

Crystal Landsem was appointed as Director at Lulu's Fashion Lounge Holdings, Inc..

“appointed Crystal Landsem as a Class II director of the Company, effective as of March 8, 2023”

Tiffany R. Smith was appointed as Chief Financial Officer at Lulu's Fashion Lounge Holdings, Inc..

“appointed Tiffany R. Smith as the Company’s Chief Financial Officer, effective March 6, 2023”

Lulu's Fashion Lounge Holdings, Inc. updated its full year 2022 guidance (lowered).

“However, in the near-term we believe it’s prudent to reduce our 2022 guidance range for the year given the macro uncertainties.”

Lulu's Fashion Lounge Holdings, Inc. reported third quarter ended October 2, 2022 results: revenue $105.3 million, net income $0.9 million.

“However, in the near-term we believe it’s prudent to reduce our 2022 guidance range for the year given the macro uncertainties.” Third Quarter 2022 Highlights: · Net revenue of $105.3 million, a 1.0% decrease compared to the same period last year, driven by a 1% decrease in Total Orders Placed with higher return rates offset by higher Average Order Value (“AOV”),”

Mark Vos changed role as President and Chief Information Officer at Lulu's Fashion Lounge Holdings, Inc..

“The Board also approved a change in the title of Mark Vos, currently Co-President and Chief Information Officer, to President and Chief Information Officer”

Evan Karp changed role as Chairman at Lulu's Fashion Lounge Holdings, Inc..

“Mr. McCreight will succeed Evan Karp as Chairman of the Board, and Mr. Karp will continue his service as a director on the Board.”

David McCreight was appointed as Executive Chairman at Lulu's Fashion Lounge Holdings, Inc..

“The Board approved the appointment of David McCreight, Lulus’ current Chief Executive Officer, as Executive Chairman, as of the Effective Date.”

Crystal Landsem was appointed as Chief Executive Officer at Lulu's Fashion Lounge Holdings, Inc..

“the Board approved the appointment of Crystal Landsem, currently Co-President and Chief Financial Officer, as Chief Executive Officer as of the Effective Date.”

Anisa Kumar was appointed as Class II Director at Lulu's Fashion Lounge Holdings, Inc..

“expanded the size of the Board from eight (8) directors to nine (9) directors and appointed Anisa Kumar as a Class II director of the Company, effective as of November 11, 2022.”

Kira Yugay was appointed as Class I Director at Lulu's Fashion Lounge Holdings, Inc..

“On March 30, 2022, the Board appointed Kira Yugay as a Class I director of the Company, effective as of the Effective Date.”

Thomas Belatti resigned as Class I Director at Lulu's Fashion Lounge Holdings, Inc..

“On March 29, 2022, Thomas Belatti tendered his resignation as a Class I director of the Board of Directors (the “Board”) of the Company, effective on March 30, 2022 (the “Effective Date”).”

Dara Bazzano was appointed as Class I director at Lulu's Fashion Lounge Holdings, Inc..

“On January 30, 2022, the Board of Directors (the “Board”) of Lulu’s Fashion Lounge Holdings, Inc. (the “Company”) appointed Dara Bazzano as a Class I director of the Company, effective as of January 31, 2022”