Lululemon founder Chip Wilson filed an amended Schedule 13D confirming his 8.7% stake. He is seeking a settlement with the board regarding company governance and strategy. This move follows a sharp decline in Lululemon’s stock price over recent months.
Wilson referenced a May 18 press release outlining his specific demands. He remains willing to continue negotiations but may proceed to a shareholder vote. The dispute creates leadership uncertainty ahead of the company’s annual meeting.