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- Dec 29, 202590% CONFIDENCEfrom the source
Chip Wilson Launches a Proxy Fight Against Lululemon's Board
- Chip Wilson, Lululemon's founder and one of its largest shareholders, nominated three independent candidates for the 2026 annual meeting: Marc Maurer (former On co-CEO), Laura Gentile (former ESPN CMO) and Eric Hirshberg (former Activision CEO)[1]
- He also submitted a non-binding proposal for the board to declassify so every director stands for election each year[1]
- Wilson called the CEO change announced on 11 December "the third total failure of Board oversight" and said the board should change before a new CEO is chosen[1]
- Lululemon said it had asked for the nominees' names to avoid "a costly and distracting proxy fight" and that Wilson declined to engage further; shareholders need take no action[2]
- Wilson will solicit with a GOLD universal proxy card[3]; a person familiar said he was not working with activist Elliott, reported on 18 December to hold a stake of more than US$1 billion and to back Jane Nielsen for CEO[4][5]
References 589% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%prnewswire.com/news-releases/chip-wilson-nominates-three-independent-director-candidates-for-election-to-the-lululemon-athletica-inc-board-of-directors-302650147.htmlprnewswire.com· Posted Sep 24, 2026· Starts Dec 29, 2025 ✓· 42% of score
PR Newswire dates Wilson's release "Dec 29, 2025, 08:30 ET".
- [2]95%lululemon Comments on Chip Wilson's Notice to Nominate Director Candidatescorporate.lululemon.com· Published Dec 29, 2025· 15% of score
Lululemon's reply: the board asked for the nominees' names to avoid 'a costly and distracting proxy fight' and Wilson declined; shareholders need take no action.
- [3]95%Schedule 14A (DFAN14A) filed by Dennis J. Wilson, December 29, 2025sec.gov· Published Dec 29, 2025· 15% of score
Wilson's soliciting material reproducing the release; he will use a GOLD universal proxy card for his slate and a business proposal.[1]
- [4]85%Lululemon founder Chip Wilson launches proxy fight for board shakeupcnbc.com· Published Dec 29, 2025· 15% of score
Reuters copy: a person familiar says Wilson is not working with Elliott, which disclosed a $1 billion stake earlier in December; LSEG puts Wilson at 4.27%.[1]
- [5]75%Activist investor Elliott builds over $1 billion stake in Lululemon, puts forth CEO candidatecnbc.com· Published Dec 18, 2025· 14% of score
A person familiar says Elliott built a stake of more than $1 billion and backs former Ralph Lauren CFO/COO Jane Nielsen as a CEO candidate; first reported by the WSJ.[1]
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