lululemon athletica inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders
$LULU
Apparel
Consumer Discretionary
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | ||||
On June 24, 2026, the board of directors (the “Board”) of lululemon athletica inc. (the “Company”) appointed Laura Gentile and Marc Maurer as members of the Board, effective immediately following the conclusion of the 2026 annual meeting of stockholders held on June 25, 2026 (the “Annual Meeting”), and increased the size of the Board from 9 to 11 members in connection with such appointments. Such appointments were made pursuant to the previously disclosed 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, dated May 26, 2026.
Ms. Gentile has been appointed to serve as a Class I director and Mr. Maurer has been appointed to serve as a Class III director. Ms. Gentile and Mr. Maurer have been appointed to serve on the Audit Committee and Corporate Responsibility, Sustainability and Governance Committee. The Board has determined that Ms. Gentile and Mr. Maurer each qualifies as an “independent” director under Nasdaq listing standards.
Other than as described in this Item 5.02, there are no arrangements or understandings between Ms. Gentile or Mr. Maurer and any other person pursuant to which either was selected as a director. There are no transactions in which Ms. Gentile or Mr. Maurer has a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K. Ms. Gentile and Mr. Maurer will each receive standard compensation for their service as a director consistent with that of the Company’s other non-employee directors. The Company expects Ms. Gentile and Mr. Maurer to enter into its standard form indemnification agreement for non-employee directors.
| Item 5.07. | Submission of Matters to a Vote of Security Holders | ||||
At the Annual Meeting, the matters on which the stockholders voted, in person or by proxy, which are described in more detail in the Company’s proxy materials for the Annual Meeting, were:
1.to elect three Class I directors to hold a three-year term and until each director's respective successors are elected and qualified;
2.to ratify the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2027;
3.to approve, on an advisory basis, the compensation of our named executive officers;
4.to approve an amendment to the 2023 Equity Incentive Plan to increase the share reserve; and
5.to vote on a stockholder proposal regarding the declassification of the Board.
The results of the voting were as follows:
Election of Directors:
| Class I Director | Votes For | Votes Withheld | Broker Non-Votes | |||||||||||
| Charles (Chip) Bergh | 71,627,295 | 1,959,276 | 1,354,452 | |||||||||||
| Esi Eggleston Bracey | 72,103,330 | 1,483,241 | 1,354,452 | |||||||||||
| Teri List | 67,396,245 | 6,190,326 | 1,354,452 | |||||||||||
Each of the foregoing nominees was elected to serve until the 2029 annual meeting of stockholders and until such director's successor is duly elected and qualified.
Ratification of Selection of Independent Registered Public Accounting Firm:
| Votes For | Votes Against | Votes Abstained | ||||||||||||
| PricewaterhouseCoopers LLP | 71,434,176 | 3,419,871 | 86,976 | |||||||||||
The foregoing proposal was approved.
Approval, on an Advisory Basis, of Executive Compensation:
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | |||||||||||
| Executive Compensation | 46,416,593 | 27,018,492 | 151,486 | 1,354,452 | ||||||||||
The foregoing proposal was approved.
Approval of Amendment to 2023 Equity Incentive Plan:
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | ||||||||||||||
| Share Reserve Increase | 70,484,564 | 2,994,359 | 107,648 | 1,354,452 | |||||||||||||
The foregoing proposal was approved.
Stockholder Proposal Regarding the Declassification of the Board:
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | ||||||||||||||
| Declassification of the Board of Directors | 73,105,842 | 320,258 | 160,471 | 1,354,452 | |||||||||||||
The foregoing proposal was approved.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| lululemon athletica inc. | |||||
| Dated: June 25, 2026 | /s/ MEGHAN FRANK | ||||
| Meghan Frank | |||||
| Interim Co-Chief Executive Officer and Chief Financial Officer | |||||