{"id":964201,"date":"2026-05-18T14:29:45","date_gmt":"2026-05-18T18:29:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\/"},"modified":"2026-05-18T14:29:45","modified_gmt":"2026-05-18T18:29:45","slug":"chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\/","title":{"rendered":"Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Wilson Stands Ready to Reach Agreement on Principal Terms Provided by lululemon<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\">VANCOUVER, BC<\/span>, <span class=\"legendSpanClass\">May 18, 2026<\/span> \/PRNewswire\/ &#8212; Chip Wilson, Founder of lululemon athletica inc. (NASDAQ:\u00a0<b>LULU<\/b>) (&#8220;lululemon&#8221; or the &#8220;Company&#8221;) and one of\u00a0lululemon&#8217;s largest shareholders, today released the following statement regarding recent settlement discussions with lululemon&#8217;s Board of Directors (the &#8220;Board&#8221;).<\/p>\n<p>&#8220;There is no reason why we cannot reach a resolution to this fight quickly. The Board has not provided me with detail on where our disagreements lie right now, but as of Friday last week, we seemed to be in full agreement on the principal terms. I remain undeterred and willing to be constructive. I am confident in the skillsets of our highly qualified independent nominees that bring unmatched brand and marketing expertise. I stand ready to do what is best for all shareholders of lululemon with this campaign, be it a vote or resolution with the Board. All shareholders expect us to be practical, collaborative and focused on doing what is right for unlocking value,&#8221; said Mr. Wilson.<\/p>\n<p>Mr. Wilson continued, &#8220;My focus remains on making sure lululemon has the right skills on the Board, that brand\/product expertise is prioritized and that lululemon returns to form. The notion that I want to dictate strategy to lululemon is just wrong. I&#8217;m a passionate investor in lululemon and across the technical apparel space, I feel my experience can be helpful to the businesses I invest in and I am proud of our success. As I told Chip Bergh over email, my hope is simply to have a regular dialogue like any large shareholder.&#8221;<\/p>\n<p>In a May 13 email copying Marti Morfitt, Chip Bergh proposed on behalf of the Board eight principal terms. Those terms as directly stated by Mr. Bergh are:<\/p>\n<ul type=\"disc\">\n<li>We (lululemon) choose and appoint two of your nominees to the Board after the AGM.<\/li>\n<li>We agree to one additional mutually agreed director between now and October.<\/li>\n<li>One incumbent director will step down at the 2027 AGM.<\/li>\n<li>We (lululemon) will add your 2 nominees to our CRSG committee.<\/li>\n<li>We (lululemon) will create a product\/brand advisory council and appoint your third nominee to this council.<\/li>\n<li>We (lululemon) will accept your declassification proposal and recommend a vote &#8220;for&#8221; on the proxy.<\/li>\n<li>We (lululemon) require a 2-year standstill and non-disparagement and expect you to vote with the board for the 2-year period.<\/li>\n<li>Mutually agreed press release.<\/li>\n<\/ul>\n<p>Mr. Wilson responded on May 14 and agreed to the eight key terms in principle while providing further detail on items like director appointment timing and rejecting the notion of &#8220;pocket resignations&#8221; for his nominees. Other items were to align to market standard terms, such as replacement rights and expense reimbursement. These are very common terms \u2013 so much so that they are included in at least 14 of the last 20 settlement agreements that other clients of lululemon&#8217;s counsel have entered into in similar situations.<sup>1<\/sup> Mr. Wilson also requested regular meetings between members of the Board that would be conducted similar to engagement with any shareholder and is entirely customary for a large, active shareholder.<\/p>\n<p>Mr. Wilson stands by his support for the eight principal terms and is willing to engage in constructive dialogue with the Board to affect this settlement.<\/p>\n<p>For the sake of shareholders having full transparency, a detailed table of lululemon&#8217;s term sheet and Mr. Wilson&#8217;s response is provided below.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Term<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>LULU Proposal (5\/13\/26)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson Proposal (5\/14\/26)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Appointment of Wilson Nominees<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2 new directors from Mr. Wilson&#8217;s nominees to join the Board following the 2026 Annual Meeting. Silent on which classes they&#8217;d join<\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(<i>In LULU&#8217;s previous April 12 proposal, LULU proposed a new director join the Board immediately<\/i>)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed<\/b>, but since LULU did not want the new directors in the &#8217;26 class, Mr. Wilson proposed making the nominees Board observers until the &#8217;26 AGM and then putting them into the &#8217;27 class<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Appointment of Mutually Agreeable Director<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">A 3<sup>rd<\/sup> new director appointed, picked by LULU and approved by Mr. Wilson <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed<\/b>, but 3<sup>rd<\/sup> new director picked by LULU from a list of candidates created by Mr. Wilson<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Replacement Directors<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">None<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Mr. Wilson proposed standard right to replace any new director who leaves the Board during the agreement<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Board Departures<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2 incumbent directors won&#8217;t stand for re-election at the &#8217;26 AGM, and another wouldn&#8217;t stand at the &#8217;27 AGM<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Board Committees<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">New directors appointed from Mr. Wilson&#8217;s nominees would sit on the Corporate Responsibility, Sustainability and Governance Committee<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Advisory Brand Product Council<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">LULU would establish an advisory brand product council that includes the Wilson nominee who doesn&#8217;t get appointed to the Board; and Mr. Wilson could suggest additional council members<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed,<\/b> and proposed who from LULU would join the council, and that Mr. Wilson and a representative would meet quarterly with the council (to extent it doesn&#8217;t violate applicable law)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Quarterly Meetings with Mr. Wilson<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">None<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Mr. Wilson requested quarterly meetings between LULU and Mr. Wilson and a representative, so Mr. Wilson may share his ideas on product, brand and culture. (<i>Meetings wouldn&#8217;t feature material non-public information<\/i>)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Declassification of the Board<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Recommend shareholders vote &#8220;FOR&#8221; Mr. Wilson&#8217;s non-binding declass proposal at &#8217;26 AGM and if the proposal passes, LULU would submit a binding declass proposal at &#8217;27 AGM<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed,<\/b> and proposed immediate declass begin at &#8217;26 AGM based on a conversation between Mr. Wilson, Ms. Morfitt and Mr. Bergh last week<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Length of Standstill Agreement<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2-years (until nominations for the &#8217;28 AGM)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed,<\/b> and since LULU desired Mr. Wilson&#8217;s nominees be appointed after the &#8217;26 AGM (implying a 1-year term), Mr. Wilson proposed that the second year of the standstill depends on the Board renominating the new directors (<i>i.e., the new directors&#8217; terms matching the multi-year standstill requested by LULU<\/i>)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Voting Commitment <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Commitment by Mr. Wilson to vote with the Board&#8217;s recommendations on <u>all<\/u> proposals<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed<\/b>, except for completely market standard voting exceptions (<i>i.e.,<\/i><i>allowing Mr. Wilson to vote how he wants on extraordinary transactions and with ISS or Glass Lewis recommendations on non-director election\/removal proposals<\/i>)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Non-Solicit Provision<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Mr. Wilson prohibited from soliciting\/inducing any employee\/independent contractor from terminating or reducing their relationship with LULU (<i>which is off-market and not standard for settlement agreements<\/i>)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mr. Wilson agreed, <\/b>but limited the prohibition to Mr. Wilson <u>intentionally<\/u> soliciting an employee to terminate his or her relationship with LULU<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Expense Reimbursement<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">No reimbursement for expenses (<i>which is off-market and not standard for settlement agreements<\/i>)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Mr. Wilson proposed all his expenses be reimbursed <i>(knowing that expense reimbursement is market)<\/i><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b><br \/>\n          <u>Certain Information Concerning the Participants<\/u><br \/>\n        <\/b><br \/>\n        <br \/>Dennis J.\u00a0&#8220;Chip&#8221;\u00a0Wilson, together with the other Participants (as defined below),\u00a0has filed\u00a0a definitive proxy statement on Schedule 14A (the\u00a0&#8220;Definitive Proxy Statement&#8221;) and accompanying\u00a0<b>GOLD<\/b>\u00a0Universal Proxy Card\u00a0with the U.S. Securities and Exchange Commission (the\u00a0&#8220;SEC&#8221;)\u00a0to be used to solicit proxies from the shareholders of the Company in connection with the Company&#8217;s 2026 Annual Meeting of Shareholders (the &#8220;Annual Meeting&#8221;).\u00a0<\/p>\n<p>\n        <b>SHAREHOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE PARTICIPANTS HAVE FILED OR WILL FILE WITH THE SEC BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION, INCLUDING ABOUT THE MATTERS TO BE VOTED ON AT THE ANNUAL MEETING AND ADDITIONAL INFORMATION RELATING TO THE PARTICIPANTS AND THEIR DIRECT OR INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE.<\/b>\u00a0<\/p>\n<p>The participants in the solicitation of proxies are Mr. Wilson,\u00a0Anamered\u00a0Investments Inc., LIPO Investments (USA), Inc., Wilson 5 Foundation, Wilson 5 Foundation Management Ltd., Five Boys Investments ULC, Shannon Wilson, Low Tide Properties Ltd., House of Wilson Ltd., Marc Maurer, Laura Gentile and Eric Hirshberg (collectively, the\u00a0&#8220;Participants&#8221;).\u00a0<\/p>\n<p>The Definitive Proxy Statement and accompanying\u00a0<b>GOLD<\/b>\u00a0Universal Proxy Card have been furnished to some or all of the Company&#8217;s shareholders and, along with other relevant documents,\u00a0are\u00a0available at no charge on the SEC&#8217;s website at\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4691121-1&amp;h=65420291&amp;u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4644125-1%26h%3D846652039%26u%3Dhttps%253A%252F%252Fedge.prnewswire.com%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4643191-1%2526h%253D773111783%2526u%253Dhttps%25253A%25252F%25252Fedge.prnewswire.com%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D4633498-1%252526h%25253D3951253042%252526u%25253Dhttps%2525253A%2525252F%2525252Fedge.prnewswire.com%2525252Fc%2525252Flink%2525252F%2525253Ft%2525253D0%25252526l%2525253Den%25252526o%2525253D4586894-1%25252526h%2525253D2297982239%25252526u%2525253Dhttps%252525253A%252525252F%252525252Fwww.sec.gov%252525252F%25252526a%2525253Dhttps%252525253A%252525252F%252525252Fwww.sec.gov%252525252F%252526a%25253Dhttps%2525253A%2525252F%2525252Fwww.sec.gov%2525252F%2526a%253Dhttps%25253A%25252F%25252Fwww.sec.gov%25252F%26a%3Dhttps%253A%252F%252Fwww.sec.gov%252F&amp;a=https%3A%2F%2Fwww.sec.gov%2F\" target=\"_blank\" rel=\"nofollow\"><b>https:\/\/www.sec.gov\/<\/b><\/a>.\u00a0<\/p>\n<p>\n        <b><br \/>\n          <u>Contacts<br \/><\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <u>Media<\/u><br \/>\n        <\/b><br \/>\n        <br \/>Val Mack,\u00a0<a href=\"mailto:val.mack@fticonsulting.com\" target=\"_blank\" rel=\"nofollow\"><b>val.mack@fticonsulting.com<\/b><\/a><br \/>Pat Tucker,\u00a0<a href=\"mailto:pat.tucker@fticonsulting.com\" target=\"_blank\" rel=\"nofollow\"><b>pat.tucker@fticonsulting.com<\/b><\/a><\/p>\n<p>\n        <b><br \/>\n          <u>Investors<\/u><br \/>\n        <\/b><br \/>\n        <br \/>Scott Winter, Gabrielle Wolf<br \/>Innisfree M&amp;A Incorporated<br \/>(212) 750-5833<\/p>\n<p>1. SEC Filings of the twenty most recent legal counsel cooperation agreements.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY62127&amp;sd=2026-05-18\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon-302775101.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon-302775101.html<\/a><\/p>\n<p>SOURCE Chip Wilson<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY62127&amp;Transmission_Id=202605181425PR_NEWS_USPR_____NY62127&amp;DateId=20260518\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Wilson Stands Ready to Reach Agreement on Principal Terms Provided by lululemon VANCOUVER, BC, May 18, 2026 \/PRNewswire\/ &#8212; Chip Wilson, Founder of lululemon athletica inc. (NASDAQ:\u00a0LULU) (&#8220;lululemon&#8221; or the &#8220;Company&#8221;) and one of\u00a0lululemon&#8217;s largest shareholders, today released the following statement regarding recent settlement discussions with lululemon&#8217;s Board of Directors (the &#8220;Board&#8221;). &#8220;There is no reason why we cannot reach a resolution to this fight quickly. The Board has not provided me with detail on where our disagreements lie right now, but as of Friday last week, we seemed to be in full agreement on the principal terms. I remain undeterred and willing to be constructive. I am confident in the skillsets of our highly qualified independent nominees &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-964201","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Wilson Stands Ready to Reach Agreement on Principal Terms Provided by lululemon VANCOUVER, BC, May 18, 2026 \/PRNewswire\/ &#8212; Chip Wilson, Founder of lululemon athletica inc. (NASDAQ:\u00a0LULU) (&#8220;lululemon&#8221; or the &#8220;Company&#8221;) and one of\u00a0lululemon&#8217;s largest shareholders, today released the following statement regarding recent settlement discussions with lululemon&#8217;s Board of Directors (the &#8220;Board&#8221;). &#8220;There is no reason why we cannot reach a resolution to this fight quickly. The Board has not provided me with detail on where our disagreements lie right now, but as of Friday last week, we seemed to be in full agreement on the principal terms. I remain undeterred and willing to be constructive. I am confident in the skillsets of our highly qualified independent nominees &hellip; Continue reading &quot;Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-18T18:29:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY62127&amp;sd=2026-05-18\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon\",\"datePublished\":\"2026-05-18T18:29:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\\\/\"},\"wordCount\":1374,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/edge.prnewswire.com\\\/c\\\/img\\\/favicon.png?sn=NY62127&amp;sd=2026-05-18\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/chip-wilson-issues-statement-and-shares-details-of-negotiations-with-lululemon\\\/\",\"name\":\"Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon - 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