[8-K] lululemon athletica inc. Reports Material Event

Rhea-AI Filing Summary

lululemon athletica inc. reported leadership changes in its commercial organization. Celeste Burgoyne notified the company of her resignation as President, Americas and Global Guest Innovation, and will remain active in the business through year-end, with her employment ending on December 31, 2025. The board appointed Andre Maestrini as president and chief commercial officer, effective immediately, expanding his role beyond his prior position as executive vice president, international.

The company entered into an employment agreement with Mr. Maestrini that includes a base salary of USD $950,000, eligibility for an annual bonus tied to performance goals, participation in company benefit plans, and customary severance protections. A press release and the full employment agreement are provided as exhibits for additional detail.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

 CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

November 17, 2025

Date of Report (Date of earliest event reported)

lululemon athletica inc.

(Exact name of registrant as specified in its charter)

Delaware

001-33608

20-3842867

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1818 Cornwall Avenue

Vancouver, British Columbia

Canada, V6J 1C7

(Address of principal executive offices, including Zip Code)

Registrant's telephone number, including area code: (604) 732-6124

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.005 per share			LULU			Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November 17, 2025, Celeste Burgoyne notified us of her resignation as President, Americas and Global Guest Innovation. Ms. Burgoyne will remain active in the business through the end of the calendar year and her employment will terminate effective December 31, 2025.

On November 21, 2025, we announced that our board of directors has appointed Andre Maestrini as lululemon’s president and chief commercial officer, effective immediately. Mr. Maestrini has served as executive vice president, international, since January 2021, overseeing our international expansion across APAC, EMEA and China Mainland. He has been responsible for leading our global offices and driving brand growth across multiple international markets and channels. Before joining lululemon, Mr. Maestrini spent 14 years at adidas in various senior roles, including global general manager of sport business units and managing director of Latin America. Earlier in his career, he held marketing positions at The Coca-Cola Company, Danone, and Kraft Jacobs Suchard. Mr. Maestrini holds a master’s degree in Marketing from ESSEC Business School in Paris, France.

In connection with Mr. Maestrini’s appointment as president and chief commercial officer, we entered into an employment agreement with Mr. Maestrini providing for a base salary of USD $950,000, eligibility for an annual bonus if specified performance goals are met, participation in our benefit plans, and customary severance protections. This description does not purport to be complete and is qualified in its entirety by reference to the employment agreement, a copy of which is attached as Exhibit 10.1.

A copy of the press release issued in connection with these changes is attached as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

 (d) Exhibits.

Exhibit No.						Description
10.1						Employment Agreement between lululemon and Andre Maestrini, dated November 21, 2025
99.1						Press release issued on November 21, 2025.
104						Cover Page Interactive Data File (formatted in iXBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			lululemon athletica inc.
Dated: November 21, 2025			/s/ MEGHAN FRANK
			Meghan Frank
			Chief Financial Officer

FAQ

What executive leadership changes did LULU announce in this 8-K?

lululemon athletica inc. announced that Celeste Burgoyne resigned as President, Americas and Global Guest Innovation, and that the board appointed Andre Maestrini as president and chief commercial officer, effective immediately.

When will Celeste Burgoyne’s employment with LULU end?

Celeste Burgoyne will remain active in the business through the end of the calendar year, and her employment with lululemon athletica inc. will terminate effective December 31, 2025.

What is Andre Maestrini’s new role and background at LULU?

Andre Maestrini has been appointed lululemon’s president and chief commercial officer. He previously served as executive vice president, international since January 2021, overseeing expansion across APAC, EMEA and China Mainland, and earlier held senior roles at adidas and marketing positions at The Coca-Cola Company, Danone, and Kraft Jacobs Suchard.

What are the key terms of Andre Maestrini’s employment agreement with LULU?

Andre Maestrini’s employment agreement provides a base salary of USD $950,000, eligibility for an annual bonus if specified performance goals are met, participation in lululemon’s benefit plans, and customary severance protections, with full terms set out in the attached employment agreement.

Did LULU provide any additional documents about these leadership changes?

Yes. lululemon athletica inc. attached Exhibit 10.1, the employment agreement with Andre Maestrini dated November 21, 2025, and Exhibit 99.1, a press release issued in connection with these leadership changes.

What is LULU’s stock exchange listing and trading symbol?

lululemon athletica inc.’s common stock, par value $0.005 per share, trades on the Nasdaq Global Select Market under the symbol LULU.