LULU: Leadership change

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On June 24, 2026, the board of directors (the “Board”) of lululemon athletica inc. (the “Company”) appointed Laura Gentile and Marc Maurer as members of the Board, effective immediately following the conclusion of the 2026 annual meeting of stockholders held on June 25, 2026 (the “Annual Meeting”), and increased the size of the Board from 9 to 11 members in connection with such appointments. Such appointments were made pursuant to the previously disclosed Cooperation Agreement by and between the Company and Dennis J. “Chip” Wilson, Anamered Investments Inc., LIPO Investments (USA), Inc., Wilson 5 Foundation, Wilson 5 Foundation Management Ltd., Five Boys Investments ULC, Shannon Wilson, Low Tide Properties Ltd. and House of Wilson Ltd, dated May 26, 2026. Ms. Gentile has been appointed to serve as a Class I director and Mr. Maurer has been appointed to serve as a Class III director. Ms. Gentile and Mr. Maurer have been appointed to serve on the Audit Committee and Corporate Responsibility, Sustainability and Governance Committee. The Board has determined that Ms. Gentile and Mr. Maurer each qualifies as an “independent” director under Nasdaq listing standards. Other than as described in this Item 5.02, there are no arrangements or understandings between Ms. Gentile or Mr. Maurer and any other person pursuant to which either was selected as a director. There are no transactions in which Ms. Gentile or Mr. Maurer has a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K. Ms. Gentile and Mr. Maurer will each receive standard compensation for their service as a director consiste