Lululemon Athletica Inc. founder Dennis J. 'Chip' Wilson launched a proxy solicitation to elect an alternate slate of directors at the 2026 annual meeting. Wilson and affiliated parties filed a Schedule 14A with the SEC on April 7, 2026.
Wilson and his affiliates beneficially own more than 9.9 million shares. The group will use a GOLD universal proxy card to solicit shareholder votes.
The campaign focuses on board accountability and brand repositioning. This move directly challenges the current board’s control and the company’s strategic direction.