Lululemon founder launches proxy fight for board changes [CNBC]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: CNBC
Lululemon Athletica's founder Chip Wilson said on Monday he ?had launched a proxy fight by nominating three independent ?directors to the ?company's board, days ?after the apparel maker announced the exit of CEO Calvin McDonald. Lululemon has struggled to find ?its ?footing with younger and affluent shoppers ?amid stiff competition from fast-growing newer rivals like Alo Yoga and Vuori, as well as pressure from activist investor ?Elliott Management. Wilson has nominated three director candidates to Lululemon's board, including former On Running co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg. “The recent CEO change announcement was the third total failure of Board oversight with no clear succession plan in place. Shareholders have no faith that this Board can select and support the next CEO without ?input from a Board with stronger product experience,” Wilson ?said in a statement. Earlier ?this month, the company
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LULU
News
- The barbarians are at Lululemon's gate [Yahoo! Finance]Yahoo! Finance
- The barbarians are at Lululemon's gate [CNN]CNN
- The barbarians are at Lululemon's gate [CNN]CNN
- Chip Wilson Nominates Three Independent Director Candidates for Election to the lululemon athletica inc. Board of Directors [Yahoo! Finance]Yahoo! Finance
- Chip Wilson Nominates Three Independent Director Candidates for Election to the lululemon athletica inc. Board of DirectorsPR Newswire
LULU
Earnings
- 12/11/25 - Beat
LULU
Sec Filings
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- 12/17/25 - Form 4
- LULU's page on the SEC website