Corporate GovernanceJun 26, 2026, 06:07 AM
Lululemon Stockholders Approve Board Declassification
AI Summary
Lululemon Athletica Inc. stockholders approved the declassification of its Board of Directors at the 2026 Annual Meeting. Additionally, Laura Gentile and Marc Maurer were appointed as new independent directors, expanding the Board from 9 to 11 members. Stockholders also re-elected three Class I directors, ratified PricewaterhouseCoopers LLP as the auditor, and approved an amendment to the 2023 Equity Incentive Plan.
Key Highlights
- Stockholders approved the declassification of the Board of Directors.
- Laura Gentile and Marc Maurer appointed as independent directors.
- Board size increased from 9 to 11 members.
- Gentile and Maurer to serve on Audit and Corporate Responsibility committees.
- Charles Bergh, Esi Bracey, and Teri List re-elected as Class I directors.
- PricewaterhouseCoopers LLP ratified as independent auditor for FY2027.
- Amendment to 2023 Equity Incentive Plan to increase share reserve approved.
- Advisory approval for executive compensation received.
Price Impact
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