On July 11, 2019, the Board of Directors of lululemon athletica inc. appointed Stephanie Ferris as a member of the Board of Directors. Ms. Ferris is the Chief Financial Officer of Worldpay, Inc., a payments technology company. Prior to becoming CFO of Worldpay in 2018, Ms. Ferris was the CFO of Vantiv, Inc., a predecessor to Worldpay, since 2016 and its Deputy CFO since 2015. Ms. Ferris served in several capacities at Vantiv from 2010 to 2015. Earlier in her career, Ms. Ferris was employed in various positions of increasing responsibility of Fifth Third Bancorp, and began her career in public accounting at PricewaterhouseCoopers. Ms. Ferris is a Certified Public Accountant and a graduate of Miami University in Oxford, Ohio. Our Board of Directors believes Ms. Ferris’ extensive experience in corporate finance and accounting will provide significant insight to our Board of Directors.

The Board of Directors increased the size of the board from nine to ten members and appointed Ms. Ferris as a Class III director to fill the newly-created vacancy. Although Ms. Ferris will serve as a member of the class of directors whose terms expire at the 2022 annual meeting of stockholders, our stockholders will have the opportunity to vote on her nomination as a continuing Class III director at the next annual meeting of stockholders.

Ms. Ferris 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 Securities and Exchange Commission on April 24, 2019. We expect Ms. Ferris to enter into our standard form indemnification agreement for non-employee directors, the form of which is filed with the Securities and Exchange Commission as Exhibit 10.16 to our registration statement on Form S-1 dated July 9, 2007.

lululemon athletica inc. Exhibit
EX-99.1 2 lulu-20190711xex991.htm STEPHANIE FERRIS JOINS LULULEMON BOARD OF DIRECTORS Exhibit Exhibit 99.1STEPHANIE FERRIS JOINS LULULEMON BOARD OF DIRECTORSVANCOUVER,…
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About lululemon athletica inc. (NASDAQ:LULU)

Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth. The Company conducts its business through two channels: Company-operated stores and direct to consumer. It operates approximately 360 Company-operated stores located in the United States, Canada, Australia, New Zealand, the United Kingdom, Singapore, Hong Kong, Germany and Puerto Rico. Its direct to consumer segment includes lululemon and ivivva e-commerce Websites, www.lululemon.com and www.ivivva.com, and other country and region specific Websites.