Lululemon Athletica (LULU) Proxy filing summary

Executive summary

• Esi Eggleston Bracey, with over 30 years of global consumer goods experience, was appointed to the board effective April 28, 2026, expanding the board to 11 members.

• Bracey's appointment is part of ongoing board refreshment, with six new independent directors added in the past five years.

• Shane Grant and David Mussafer will not stand for reelection at the 2026 annual meeting, and the board size will reduce to 9 members after the meeting.

• The company is preparing for its 2026 annual meeting and will file a proxy statement and related materials with the SEC.

Voting matters and shareholder proposals

• Stockholders are encouraged to review the forthcoming definitive proxy statement and WHITE proxy card for the 2026 annual meeting.

• Proxy materials will include important information on board composition and other matters to be voted on.

Board of directors and corporate governance

• Esi Eggleston Bracey joins as an independent Class I director, with her term expiring at the 2026 annual meeting.

• Bracey's committee assignments will be determined later; she qualifies as independent under Nasdaq standards.

• Board composition is actively managed to ensure a mix of skills and experience for future growth.

• Shane Grant and David Mussafer will retire from the board at the end of their current terms.