LULU

• On August 13, 2026, Ranju Das ceased to serve as Chief AI & Technology Officer of lululemon athletica inc.
• The company has transition plans in place for his responsibilities.
• The filing was signed by Meghan Frank, Interim Co-CEO and CFO.

8.01 Other Events

• The board size increased from 9 to 11 members in connection with the appointments, made under a May 26, 2026 cooperation agreement with Chip Wilson and related entities.
• Gentile serves as a Class I director and Maurer as a Class III director; both joined the Audit and Corporate Responsibility, Sustainability and Governance Committees.
• Both new directors are deemed independent under Nasdaq standards and will receive standard non-employee director compensation.
• At the annual meeting, stockholders elected three Class I directors, ratified PwC as auditor, approved executive compensation and a share reserve increase, and approved a board declassification proposal.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders

• Gross margin decreased 410 basis points to 54.2%; operating margin decreased 730 basis points to 11.2%.
• Diluted EPS was $1.69 versus $2.60 in the prior-year quarter.
• For Q2 2026, the company expects net revenue of $2.450-$2.475 billion and diluted EPS of $1.76-$1.81.
• For full-year 2026, the company now expects net revenue of $11.000-$11.150 billion and diluted EPS of $10.95-$11.15.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• lululemon entered a cooperation agreement with founder Chip Wilson, who owns about 8.7% of the company's stock.
• The board will add another independent director with apparel expertise by October 1, 2026, subject to Wilson's approval.
• The company will support Wilson's proposal to declassify the board at the 2026 annual meeting.
• The agreement includes standstill, voting, and non-disparagement provisions, lasting until about 30 days before the 2028 nomination deadline.

1.01 Entry into a Material Definitive Agreement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The board size increased from 10 to 11 members; Bracey's term expires at the 2026 annual meeting.
• Director Shane Grant will retire at the end of his current term and will not stand for reelection; board size will drop to 9 after the annual meeting.
• Bracey will receive standard non-employee director compensation and is expected to sign the standard indemnification agreement.
• The company issued a press release on April 28, 2026, furnished as Exhibit 99.1.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• O'Neill previously spent 27 years at Nike, most recently as President, Consumer, Product & Brand (2023–2025).
• Her employment agreement includes a $1.4 million base salary, 200% target bonus, and annual equity awards of approximately $10 million.
• She will receive one-time grants of $2.8 million in RSUs and $4.2 million in stock options, plus a $2 million retention bonus.
• O'Neill currently serves on the boards of Hyatt Hotels, Lithia Motors, and Spotify Technology.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Chip Bergh was appointed to lululemon's board effective March 17, 2026, increasing board size from 9 to 10 members.
• Bergh will sit on the Corporate Responsibility, Sustainability, and Governance Committee and the People, Culture, and Compensation Committee.
• David Mussafer will retire from the board at the end of his current term and will not stand for reelection at the 2026 annual meeting.
• Mussafer's departure is not due to any disagreement with the company; board size will drop to 9 after the annual meeting.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Full year net revenue increased 5% to $11.1 billion; diluted EPS was $13.26 versus $14.64 in 2024.
• Q4 gross margin fell 550 basis points to 54.9%; operating margin fell 660 basis points to 22.3%.
• International net revenue grew 17% in Q4 and 22% for the full year; Americas net revenue declined 4% in Q4 and 1% for the year.
• Fiscal 2026 guidance: Q1 net revenue $2.400-$2.430 billion, EPS $1.63-$1.68; full year net revenue $11.350-$11.500 billion, EPS $12.10-$12.30.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits