lululemon athletica inc.

LULU

Reporting person: Dennis J. Wilson(group)

Dennis Wilson seeks board refreshment at Lululemon

high confidence

Contest Strategydissident slate, solicitors, demands

Issuerlululemon athletica inc. (LULU)

Issuer solicitor—

Reporting personDennis J. Wilson (group)

Dissident solicitor—

Stake9,904,856 phys / 0 synth—

Dissident counsel—

Cost basis—

Meeting date—

Record date—

Primary demands

board refreshment
address discounting impact on premium brand value
review product launch decision-making
remedy product failures
address North American sales underperformance

Advisors

No advisor data on record for this deal.

Sources

SEC Filing

Dennis Wilson and affiliated entities have filed a proxy statement to solicit proxies for director elections at Lululemon's 2026 annual meeting. The group beneficially owns 9,904,856 shares (5,115,961 special voting shares on a fully-converted basis) and has filed Amendment No. 16 to Schedule 13D. Wilson's stated concerns include discounting impact on brand value, product launch decisions, product failures, and North American underperformance, coupled with calls for substantial board refreshment.

Item id: ab7e7014-35a6-4cc7-8ca7-b1ff9d3a8fdc · ingested Apr 24, 2026