# EDGAR Filing Document

**Accession Number:** 0001397187
**File Stem:** 0001193125-26-085736
**Filing Date:** 2026-3
**Character Count:** 8074
**Document Hash:** a1f04433dde39b0ae328d0b208699273
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-085736.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001193125-26-085736

**CONFORMED SUBMISSION TYPE**: DFAN14A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** lululemon athletica inc.
- **CENTRAL INDEX KEY:** 0001397187
- **STANDARD INDUSTRIAL CLASSIFICATION:** APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 203842867
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0202

**FILING VALUES:**
- **FORM TYPE:** DFAN14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33608
- **FILM NUMBER:** 26709270

**BUSINESS ADDRESS:**
- **STREET 1:** 1818 CORNWALL AVENUE
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6J 1C7
- **BUSINESS PHONE:** 604-732-6124

**MAIL ADDRESS:**
- **STREET 1:** 1818 CORNWALL AVENUE
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6J 1C7

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lululemon Corp.
- **DATE OF NAME CHANGE:** 20070420
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wilson Dennis J.
- **CENTRAL INDEX KEY:** 0001407029

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** DFAN14A

**MAIL ADDRESS:**
- **STREET 1:** C/O LULULEMON ATHLETICA INC.
- **STREET 2:** 1818 CORNWALL AVENUE
- **CITY:** VANCOUVER
- **STATE:** A1
- **ZIP:** V6J 1C7

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE 14A** 

**Proxy Statement Pursuant to Section 14(a) of the** 

**Securities Exchange Act of 1934** 

**(Amendment No.)** 

Filed by the Registrant ☐

Filed by a party other than the Registrant ☒

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** 

☐ Definitive Proxy Statement

☐ Definitive Additional Materials

☒ Soliciting Material Pursuant to §240.14a-12

## lululemon athletica inc.
**(Name of Registrant as Specified In Its Charter)** 

**Dennis J. Wilson** 

**Anamered Investments 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.** 

**Laura Gentile** 

**Eric Hirshberg** 

**Marc Maurer** 

**(Name of Person(s) Filing Proxy Statement, if other than the Registrant)** 

Payment of Filing Fee (Check all boxes that apply):

☒ No fee required

☐ Fee paid previously with preliminary materials

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

------

Dennis J. Wilson, together with the other participants named herein, intends to file a proxy statement and accompanying **GOLD** universal proxy card with the U.S. Securities and Exchange Commission (the "SEC") to be used to solicit proxies for the election of his slate of highly-qualified director candidates at the 2026 annual meeting of shareholders (including any other meeting of shareholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof, the "2026 Annual Meeting") of lululemon athletica inc. (the "Company"), and for the approval of a business proposal to be presented at the 2026 Annual Meeting.

On February 27, 2026, Mr. Wilson, together with the other participants named herein, filed Amendment No. 13 to their Schedule 13D, which included the following updates to Item 4 and Item 6 of Schedule 13D, regarding the open letter to shareholders of the Company issued on February 27, 2026:

**Item 4.** **Purpose of Transaction** <br>

Item 4 is hereby amended and supplemented as follows:

On February 27, 2026, Mr. Wilson issued an open letter to shareholders of the Issuer (the "February Open Letter"), a copy of which is attached as Exhibit 99.1 to this Amendment, setting forth his views that the Issuer's long overdue response to his constructive framework did not reflect serious engagement toward arriving at a resolution that puts the Issuer in the best position to unlock value for the benefit of all shareholders, and expressing concerns about the Board's independence, which he believes underscores the need for meaningful Board refreshment endorsed by the Issuer's shareholders to effectuate substantial change. The information contained in Exhibit 99.1 of this Amendment is incorporated herein by reference.

Following the issuance of the February Open Letter, also on February 27, 2026, the Issuer released a responsive public statement, which the Reporting Persons believe both misstates the factual background of the interactions between the Issuer and Mr. Wilson and demonstrates the startling depth of the Board's entrenchment mindset. The Reporting Persons believe that if the Board actually desired to reach a constructive resolution with Mr. Wilson, instead of issuing a reactive and defensive statement, the Board would have taken more time to reflect on the factual and reasonable criticism in the February Open Letter and come to the conclusion that the urgent and immediate change advocated by Mr. Wilson is in the best interests of the Issuer and all of its shareholders.

**Item 6.** **Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer** <br>

Item 6 is hereby amended and supplemented as follows:

On January 28, 2026, Mr. Wilson submitted a books and records demand to the Issuer that is customary to make in proxy contests under Section 220 of the Delaware General Corporation Law. Mr. Wilson has entered into an administerial and traditional agreement in connection with such demand.

**CERTAIN INFORMATION CONCERNING THE PARTICIPANTS** 

Mr. Wilson, together with the other Participants (as defined below), intends to file with the SEC a definitive proxy statement on Schedule 14A (the "Definitive Proxy Statement") and accompanying **GOLD** Universal Proxy Card to be used to solicit proxies from the shareholders of the Company in connection with the 2026 Annual Meeting.

**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 2026 ANNUAL MEETING AND ADDITIONAL INFORMATION RELATING TO THE PARTICIPANTS AND THEIR DIRECT OR INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE.** 

------

The participants in the solicitation of proxies are Mr. Wilson, Anamered Investments 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 "Participants").

The Definitive Proxy Statement and accompanying **GOLD** Universal Proxy Card will be furnished to some or all of the Company's shareholders and will be, along with other relevant documents, available at no charge on the SEC's website at <u>https:</u><u>//www.sec.gov/</u>.

Information about the Participants and a description of their direct or indirect interests, by security holdings or otherwise, is contained in an amendment to Schedule 13D filed by the Participants with the SEC on February 27, 2026 and is available [here](http://www.sec.gov/Archives/edgar/data/1397187/000119312526083656/xslSCHEDULE_13D_X01/primary_doc.xml). By virtue of the relationship among the Participants as members in a Schedule 13(d) group, all the Participants, individually, are deemed to beneficially own the 9,904,856 shares of Common Stock of the Company, par value $0.005 (of which 5,115,961 are shares of the Company's special voting stock paired with an equal number of exchangeable shares of Lulu Canadian Holding, Inc., on a fully-converted basis) owned in the aggregate by all of the Participants.