Lululemon Athletica (LULU) Proxy Filing summary

Executive summary

• Press release issued in connection with the 2026 Annual Meeting addresses shareholder engagement and board nominations.

• Ongoing dialogue with major shareholder Chip Wilson regarding his nomination of three director candidates.

• Board expresses willingness to engage with all shareholders and act in their best interests.

• Forward-looking statements highlight risks related to leadership integration and business strategy execution.

Voting matters and shareholder proposals

• Chip Wilson has nominated three director candidates for election at the 2026 Annual Meeting.

• Board has requested interviews with all nominees, but only one has participated in preliminary discussions.

• Shareholders will receive a WHITE proxy card and are encouraged to review all proxy materials before voting.

Board of directors and corporate governance

• Board has engaged in multiple meetings with Chip Wilson to resolve nomination issues.

• Board remains open to further engagement with Wilson and other shareholders.

• Information on directors and executive officers, including their interests, is available in prior proxy filings.