lululemon addresses Chip Wilson’s comments

lululemon athletica inc. recently issued a response to Chip Wilson’s statements regarding his nomination of three director candidates for the company’s Board at the forthcoming 2026 Annual Meeting of Shareholders. The company has been actively engaging with Mr. Wilson in an effort to have constructive discussions. However, they have expressed disagreement with how Mr. Wilson has portrayed his interactions with the Board.

Despite the Board’s numerous requests to interview Mr. Wilson’s director nominees, Mr. Wilson has been reluctant to permit these meetings unless certain settlement terms were agreed upon. As it stands, only one nominee, Marc Maurer, has been allowed to engage in preliminary conversations with the Board. This limited communication has been welcomed by the Board, although they lament the inability to establish a more productive dialogue towards a reasonable solution.

lululemon has emphasized its commitment to actively engage with Mr. Wilson, as well as other shareholders, with the shared goal of pursuing actions that benefit all shareholders. The company remains open to discussions that are in the best interests of the company and its stakeholders.

Established as a technical athletic apparel, footwear, and accessories brand, lululemon caters to a wide range of activities including yoga, running, and training. Through innovative fabric technology and functional designs, the company aims to create transformational products that enhance performance and well-being. Their collaborative efforts with yogis and athletes worldwide serve as a testament to their continuous commitment to research and product development.

In light of potential risks and uncertainties, lululemon acknowledges the importance of addressing factors that may impact its business strategies and overall performance. The company remains dedicated to upholding successful leadership integration and executing its business objectives to deliver value to its stakeholders.

Looking ahead, the company intends to file relevant proxy materials with the SEC in preparation for the upcoming annual meeting of stockholders. Stockholders are advised to carefully review these materials, including the definitive proxy statement and accompanying WHITE proxy card, for important information regarding the matters to be considered at the meeting.

In conclusion, lululemon reiterates its willingness to engage in productive discussions with Chip Wilson and other stakeholders to pursue mutually beneficial solutions. The company’s commitment to transparency and shareholder value underscores its dedication to fostering a positive and collaborative environment for all parties involved.