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0.00115877977794547 0.00115877977794547 -0.000538967338579251 0.00161690201573791 0.000107793467715912 -0.00643419208795937 -0.00846178721569469 -0.00714239517085262
Stock impact report

Lululemon Founder Seeks Board Overhaul in Proxy Fight [Yahoo! Finance]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Yahoo! Finance
Lululemon Athletica Inc ( LULU Financials ) founder Chip Wilson has proposed replacing more than three directors as he escalates a proxy fight with the athletic apparel maker's board. Is LULU fairly valued? Test your thesis with our free DCF calculator. In a letter to shareholders, Wilson urged the company to declassify its board so all directors stand for election annually. He also called for the creation of a new committee focused on brand, product and creative oversight, citing concerns about insufficient creative expertise at the board level. Wilson previously nominated three independent directors after the company announced the departure of CEO Calvin McDonald without naming a clear successor. He holds about a 4.27% stake in the company, according to LSEG data. The latest move increases pressure on the board as the company faces operational and leadership challenges ahead of its upcoming shareholder vote. Recommended Stories Show less Read more
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