LULU News & Events

Chip Wilson, Founder of lululemon athletica and one of lululemon's largest shareholders, announced the launch of the campaign website www.CreativityFirstlulu.com. The website details Wilson's view on the quantum of change needed at lululemon and showcases the three highly qualified independent director candidates he's nominated for election to the company's Board of Directors at the Company's 2026 Annual Meeting of Shareholders. The website launch marks Wilson's latest step in his campaign to unlock value for all lululemon shareholders, allowing shareholders to engage with Wilson's case for change and get to know his independent director nominees. Wilson believes that lululemon requires a refreshed skillset in the Boardroom to renew focus on creativity, product excellence and a recommitment to the original muse ahead of a new CEO being named, as well as the declassification of its Board. "My intention has always been to act in the best interest of my fellow shareholders of lululemon," said Wilson. "This campaign is about safeguarding the company's future and a conviction that lululemon's best years remain ahead, provided the right strategic and governance changes are made quickly." The website highlights Wilson's independent nominees, Marc Maurer, Laura Gentile and Eric Hirshberg, all of whom have the strong creative, brand-first experience.

lululemon athletica commented on Chip Wilson's press release in relation to his nomination of three director candidates to stand for election to the company's Board at lululemon's 2026 Annual Meeting of Shareholders: "We have continued to engage with Mr. Wilson in good faith over the past few months, including numerous meetings, with the goal of having a productive dialogue with him. We disagree with Mr. Wilson's characterization of his interactions with the Board. The Board has repeatedly requested the opportunity to interview Mr. Wilson's director nominees. However, Mr. Wilson had indicated he would not allow the Board to meet with these individuals unless the Board agreed to a full set of settlement terms. To date, Mr. Wilson has only allowed one nominee, Marc Maurer, to have preliminary conversations with the Board, which the Board has welcomed. It is unfortunate that Mr. Wilson has been unwilling to have a constructive dialogue toward a reasonable resolution. The Board remains open to engaging with Mr. Wilson as well as the company's other shareholders and will continue to take actions that we believe are in the best interests of all of the company's shareholders."