Summary by Futu AI
Lululemon Athletica Inc. has announced the scheduling of its annual meeting of shareholders to be held virtually on June 6, 2024. The meeting will allow shareholders to attend online, submit questions, and vote their shares electronically. This approach, leveraging the latest technology, aims to provide greater access and improved communication while also conserving resources and reducing costs. The company has adopted the 'notice and access' delivery model, enabling the distribution of proxy materials over the Internet. Shareholders will receive instructions on how to access the proxy statement and 2023 annual report, vote online, and attend the virtual meeting. The proxy statement includes proposals for the election of directors, ratification of the independent registered public accounting firm, advisory votes on executive compensation, and a shareholder proposal regarding the impact of animal-derived products. The board has recommended voting against the shareholder proposal, citing existing commitments to ethical sourcing and the unnecessary expenditure of resources for the requested report.
