Lululemon Settles Its Proxy Fight With Founder Chip Wilson
1818, Cornwall Avenue, Kitsilano, Vancouver, Metro Vancouver Regional District, British Columbia, V6J 4M6, Canada
Lululemon
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins92% CONFIDENCEOverall confidence: 92%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterThe release is dated May 27, 2026 (newsroom stamp 12:30 UK time, 7:30 a.m. ET). The end is estimated: the standstill runs "approximately 18 months until 30 days prior to the nomination deadline for the 2028 annual meeting", read as the end of November 2027.[1]
Lululemon gives two of Chip Wilson's nominees, Laura Gentile and Marc Maurer, board seats after the 2026 meeting and backs board declassification; Wilson accepts a standstill of about 18 months.
$4M