Pins matching tag:"Proxy Fight"

Founder Chip Wilson nominates three directors - ex-On co-CEO Marc Maurer, ex-ESPN marketing chief Laura Gentile and ex-Activision CEO Eric Hirshberg - for the 2026 annual meeting and proposes declassifying Lululemon's board.

Chip Bergh, who ran Levi Strauss & Co. from 2011 to 2024, joins Lululemon's board and will stand at the 2026 annual meeting in place of lead director David Mussafer, who is retiring.

Former Unilever chief growth and marketing officer Esi Eggleston Bracey joins Lululemon's board and will stand at the 2026 annual meeting in place of retiring director Shane Grant.

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.

At an uncontested annual meeting after the Wilson settlement, shareholders elect Chip Bergh, Esi Eggleston Bracey and Teri List and back Chip Wilson's proposal to declassify the board by 73.1 million votes to 0.3 million.

Under its settlement with Chip Wilson, Lululemon must appoint another independent director with apparel product and brand expertise by 1 October 2026, subject to Wilson's approval.