Form 8-K · Current report
Lululemon Athletica 8-K, filed Oct 7, 2026
- Filed
- CIK
- 0001397187
- Accession no.
- 0001397187-26-000131
Summary
Lululemon Athletica announced a new senior leadership structure, appointing Maggie Gauger (most recently President and CEO of Athleta) as President and Chief Product Officer and Joseph Godsey (most recently Chief Growth Officer of Walmart Canada) as Chief Operating Officer, both newly created roles effective October 26, 2026. Chief Brand and Product Activation Officer Nikki Neuburger and Chief Supply Chain Officer Ted Dagnese will leave the company on November 6, 2026, while Meghan Frank continues as CFO with expanded interim oversight of global brand and technology; searches are underway for a Chief Brand Officer, Chief Communications Officer and Chief Technology Officer. CEO Heidi O'Neill said the changes put product, design and innovation at the center of operations and are a first step toward reinvigorating the brand's connection with guests.
Key points
- Maggie Gauger's employment agreement provides a $1,000,000 annual base salary, a 150% target annual bonus, a $1,900,000 sign-on bonus and a $2,800,000 RSU grant vesting over two years.
- Joseph Godsey's employment agreement provides a $700,000 annual base salary, a 100% target annual bonus, a $650,000 sign-on bonus and a $2,000,000 RSU grant vesting over two years.
- The departures of Neuburger and Dagnese will be treated as terminations without cause under their employment agreements.
- Meghan Frank will receive a retention equity award for her expanded responsibilities.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departures On November 6, 2026, Nikki Neuburger, our Chief Brand and Product Activation Officer, and Ted Dagnese, our Chief Supply Chain Officer, will depart from lululemon. Each departure will be treated as a termination without cause for purposes of the departing officer’s employment agreement. Appointments On September 30, 2026, we entered into an employment agreement with Maggie Gauger appointing her as our President and Chief Product Officer, a newly created role, effective October 26, 2026. Ms. …
An excerpt of the text as filed with the SEC, cut for length.
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