lululemon athletica inc. (LULU): director Tara Poseley elected to the board

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 19, 2026, the board of directors of lululemon athletica inc. appointed Tara Poseley as a member of the board of directors. Ms. Poseley was appointed in accordance with our cooperation agreement with Dennis J. "Chip" Wilson and certain of his affiliates, dated May 26, 2026.
Ms. Poseley has more than 30 years of experience across specialty retail, apparel, and beauty. She most recently served as Chief Executive Officer of Paula's Choice Skincare from 2016 to 2023. Previously, she was Chief Product Officer at lululemon from 2013 to 2015 and Senior Vice President and President, Kmart Apparel from 2010 to 2013. Ms. Poseley began her career at Gap Inc., where she spent nearly 15 years and held senior roles across product and marketing. She holds a bachelor's degree in retail management from the University of Wisconsin–Madison.
The board of directors increased the size of the board from twelve to thirteen members and appointed Ms. Poseley as a Class II director to fill the newly created vacancy. Ms. Poseley will serve on the People, Culture and Compensation Committee.
Ms. Poseley will receive compensation for her service as a director consistent with that of our other non-employee directors. A description of our standard compensation arrangements for non-employee directors is included in our proxy statement filed with the SEC on May 18, 2026. We expect Ms. Poseley to enter into our standard form indemnification agreement for non-employee directors. There are no transactions in which Ms. Poseley has a direct or indirect material interest requiring disclosure under Item 404(a) of Regulation S-K.