lululemon athletica inc. (NASDAQ:LULU) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.
Entry into a Material Definitive Agreement.
On March 28, 2019, lululemon athletica inc. entered into a stock repurchase agreement with funds affiliated with Advent International Corporation (Advent) to repurchase 1,000,000 shares of lululemon’s common stock for $163.53 per share in a private transaction. The aggregate purchase price was approximately $163.5 million. The repurchase of the shares from Advent under the stock repurchase agreement will be consummated on April 2, 2019. The stock repurchase agreement contains customary representations, warranties and covenants of the parties.
The foregoing description of the stock repurchase agreement does not purport to be complete and is qualified in its entirety by reference to the stock repurchase agreement, a copy of which is attached as Exhibit 10.1 to this current report and is incorporated herein by reference.
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Item 1.01. |
Regulation FD Disclosure. |
On March 28, 2019, lululemon athletica inc. issued a press release announcing that it had agreed to repurchase 1,000,000 shares of its common stock in a private transaction with funds affiliated with Advent International Corporation.
A copy of lululemon’s press release is attached as Exhibit 99.1 to this current report.
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Item 1.01. |
Financial Statements and Exhibits. |
lululemon athletica inc. Exhibit
EX-10.1 2 lulu-20190328xex101.htm STOCK REPURCHASE AGREEMENT Exhibit Exhibit 10.1STOCK REPURCHASE AGREEMENTTHIS STOCK REPURCHASE AGREEMENT (this “Agreement”) is entered into as of March 28,…
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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.
