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☐ | Preliminary Proxy Statement | |||||||||||||
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |||||||||||||
☑ | Definitive Proxy Statement | |||||||||||||
☐ | Definitive Additional Materials | |||||||||||||
☐ | Soliciting Material Pursuant to §240.14a-12 |
Payment of Filing Fee (Check all boxes that apply): | ||||||||||||||
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/s/ Calvin McDonald | ||
Calvin McDonald | ||
Chief Executive Officer |
EXECUTIVE OFFICERS
& BOARD OF DIRECTORS
|
||||||||
SHAREHOLDER PROPOSALS | ||||||||
|
Date | Virtual Meeting | |||||||
June 8, 2022 at 8:00 a.m., Pacific Time
(Online check-in will begin at 7:30 a.m., Pacific Time)
|
Virtual Live webcast at
www.virtualshareholdermeeting.com/lulu2022.
|
Proposal | Board recommends you vote: | |||||||||||||
MANAGEMENT PROPOSALS | ||||||||||||||
Proposal No. 1 |
Election of three
Class III
directors to a three-year term
|
For
ü
|
||||||||||||
Proposal No. 2 |
Ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for Fiscal 2022
|
For
ü
|
||||||||||||
Proposal No. 3 |
Advisory vote to approve the compensation of our named executive officers
|
For
ü
|
||||||||||||
SHAREHOLDER PROPOSAL | ||||||||||||||
Proposal No. 4 |
Shareholder proposal regarding a report on the slaughter methods used to procure down (if properly presented at the meeting)
|
Against
û
|
By order of the board of directors, | |||||
/s/ Calvin McDonald | |||||
Calvin McDonald | |||||
Chief Executive Officer |
Voting on the Internet |
You can vote your shares via the Internet by following the instructions in the notice. The Internet voting procedures are designed to authenticate your identity and to allow you to vote your shares and confirm your voting instructions have been properly recorded. If you vote via the Internet, you do not need to complete and mail a proxy card. We encourage you to vote your shares via the Internet in advance of the annual meeting even if you plan to attend the annual meeting.
|
||||
Voting by Mail |
You can vote your shares by mail by requesting a printed copy of the proxy materials sent to your address. When you receive the proxy materials, you may fill out the proxy card enclosed therein and return it per the instructions on the card. By signing and returning the proxy card according to the instructions provided, you are enabling the individuals named on the proxy card, known as "proxies," to vote your shares at the annual meeting in the manner you indicate. If you request a printed copy of the proxy materials, we encourage you to sign and return the proxy card even if you plan to attend the annual meeting.
|
||||
Voting by Telephone |
You can vote your shares by telephone. Instructions are included with your notice. If you vote by telephone, you do not need to complete and mail your proxy card.
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Be Human | Be Well | Be Planet | ||||||||||||
Our vision for creating environments that are equitable, inclusive, and foster growth for our employees, ambassadors, and the people who make our products (makers).
We are taking thoughtful and intentional steps toward a more equitable world, by creating an inclusive work environment that reflects the global communities we serve and supporting the safety and wellbeing of people who make our products. |
Our vision for advancing equity in wellbeing and contributing to conditions that enable the communities we serve to thrive.
We believe everyone has the right to be well, and that the path to wellbeing is possible when tools, support and resources are available to all. We are setting out to break the barriers that prevent access to wellbeing for those most impacted by systemic inequities across the globe. |
Our vision for minimizing environmental harm and contribute restoring to a healthy planet.
We innovate more sustainable materials to support long-lasting products, while reducing environmental impacts. This focus is woven into all aspects of our design and manufacturing processes. We use science-based context to inform our goals and targets. |
Calvin McDonald, Chief Executive Officer
|
|||||||||||||||||
![]() |
Age:
50
|
Officer since:
2018
|
|||||||||||||||
Calvin McDonald
was appointed chief executive officer of lululemon and a member of our board of directors in August 2018. Prior to joining lululemon, Mr. McDonald served for five years as president and chief executive officer of Sephora Americas, a division of the LVMH group of luxury brands. Prior to joining Sephora in 2013, Mr. McDonald spent two years as president and chief executive officer of Sears Canada. Prior to his tenure at Sears Canada, Mr. McDonald spent 17 years at Loblaw Companies Limited, a grocery and pharmacy leader in Canada. Mr. McDonald is on the board of directors of The Walt Disney Company. Mr. McDonald received an MBA from the University of Toronto, and a Bachelor of Science degree from the University of Western Ontario.
|
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Meghan Frank, Chief Financial Officer
|
|||||||||||||||||
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Age:
45
|
Officer since:
2020
|
|||||||||||||||
Meghan Frank
has served as our chief financial officer since November 2020. She joined lululemon in 2016 as the senior vice president, financial planning and analysis, and is now responsible for leading finance, tax, treasury, investor relations, asset protection, facilities, operations excellence, and strategy functions. Ms. Frank has over 20 years of experience within the retail industry, previously holding senior positions at Ross Stores and J. Crew. She is a member of the board of directors of KKR Acquisition Holdings I, a blank cheque company targeting the consumer sector. She earned her Bachelor of Arts degree from Colgate University.
|
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Celeste Burgoyne, President, Americas & Global Guest Innovation
|
|||||||||||||||||
![]() |
Age:
48
|
Officer since:
2016
|
|||||||||||||||
Celeste Burgoyne
was appointed as our president, Americas and global guest innovation in October 2020. Since joining lululemon in 2006, her role has expanded to oversee all channel and customer-facing aspects of the North American business, including stores and e-commerce. She is also responsible for leading and incubating guest innovations for lululemon globally. Prior to joining lululemon, Ms. Burgoyne held various leadership positions during her ten years at Abercrombie & Fitch. Ms. Burgoyne holds a B.A. from the University of San Diego.
|
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Michelle (Sun) Choe, Chief Product Officer
|
|||||||||||||||||
![]() |
Age:
53
|
Officer since:
2018
|
|||||||||||||||
Michelle (Sun) Choe
has served as our chief product officer since September 2018, leading the merchandising and design teams for the company. She joined lululemon in 2016 as senior vice president, global merchandising and has been instrumental in elevating merchandising capabilities, partnering with design leadership and innovation to deliver the lululemon vision to guests through best-in-class product assortments. Prior to joining lululemon, Ms. Choe served as chief global product merchant at Marc Jacobs and worked in multi-channel merchandising at brands including West Elm, Madewell, Urban Outfitters, Levi's and The Gap. Ms. Choe received her B.A. from the University of Maryland College Park.
|
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Nicole (Nikki) Neuburger, Chief Brand Officer
|
|||||||||||||||||
![]() |
Age:
41
|
Officer since:
2020
|
|||||||||||||||
Nicole (Nikki) Neubur
ger
has served as our chief brand officer since January 2020 with the responsibility to lead our marketing, sustainable business and social impact teams - including communications, brand management, creative, events, retail marketing, sports marketing and partnerships - globally. Between 2018 and 2020, Ms. Neuburger was the global head of marketing at Uber Eats where she led the introduction and expansion of the brand around the world. Prior to that, Ms. Neuburger built a 14-year career at Nike where she most recently served as the vice president of Nike Running. Ms. Neuburger received her Bachelor of Science in Business Administration from Oregon State University.
|
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André Maestrini, Executive Vice President, International
|
|||||||||||||||||
![]() |
Age:
58
|
Officer since:
2021
|
|||||||||||||||
André Maestrini
has served as our executive vice president, international since January 2021, leading our international expansion in the People’s Republic of China, the rest of Asia Pacific, and Europe. Prior to joining lululemon, Mr. Maestrini spent 14 years at adidas in various senior roles and across several of the company’s global offices, most recently as the global general manager of sport business units and managing director of Latin America. Prior to adidas, Mr. Maestrini held marketing roles at The Coca-Cola Company, Danone, and Kraft Jacobs Suchard. He received a master’s degree in Marketing from ESSEC Business School in Paris, France.
|
Martha Morfitt, Chair of the Board
|
||||||||||||||
Age:
64
|
Independent:
Yes
|
Occupation:
Principal of River Rock Partners Inc.
|
||||||||||||
Director since:
2008
|
Tenure:
14 years
|
Committees:
Audit (chair) & People, culture and compensation
|
||||||||||||
Martha (Marti) Morfitt
has been a member of our board of directors since December 2008, and has been the chair of the board since March 2022. She has served as a principal of River Rock Partners, Inc., a business and cultural transformation consulting firm, since 2008. Ms. Morfitt served as the chief executive officer of Airborne, Inc. from October 2009 to March 2012. She served as the president and chief executive officer of CNS, Inc., a manufacturer and marketer of consumer healthcare products, from 2001 through March 2007. From 1998 to 2001, she was chief operating officer of CNS, Inc. Prior to joining CNS, Ms. Morfitt spent 16 years at the Pillsbury Company in a variety of marketing and senior management roles. Ms. Morfitt currently serves on the board of directors of Graco, Inc. and Olaplex Holdings, Inc. She served on the board of directors of Mercer International Inc. from 2017 to 2020, and Life Time Fitness, Inc. from 2008 to 2015. She received her HBA from the Richard Ivey School of Business at the University of Western Ontario, and an MBA from the Schulich School of Business at York University.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Ms. Morfitt to serve as director because she has extensive public board experience and years of leading and managing branded consumer businesses and their operations and strategic planning.
|
Michael Casey
|
||||||||||||||
Age:
76
|
Independent:
Yes
|
Occupation:
Retired Executive Vice President, Chief Financial Officer and Chief Administrative Officer of Starbucks Corporation
|
||||||||||||
Director since:
2007
|
Tenure:
15 years
|
Committees:
Audit & People, culture and compensation
|
||||||||||||
Michael Casey
has been a member of our board of directors since October 2007 and served as co-chair of the board of directors from September 2014 to April 2017 and as chair of the board of directors from May 2014 to September 2014. He retired from Starbucks Corporation in October 2007, where he had served as senior vice president and chief financial officer from August 1995 to September 1997, and executive vice president, chief financial officer and chief administrative officer from September 1997 to October 2007. Subsequent to retirement he served as a senior advisor to Starbucks Corporation from October 2007 to May 2008 and from November 2008 to January 2015. Prior to joining Starbucks, Mr. Casey was executive vice president and chief financial officer for Family Restaurants, Inc. and president and chief executive officer of El Torito Restaurants, Inc. He was also a member of the board of directors of The Nasdaq OMX Group, Inc. from January 2001 to May 2012. Mr. Casey graduated from Harvard College with a B.A. degree in Economics, cum laude, and Harvard Business School with an MBA degree.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Mr. Casey to serve as director because he has extensive experience in corporate finance and accounting, managing retail-focused industry operations, strategic planning, and public company corporate governance.
|
Stephanie Ferris
|
||||||||||||||
Age:
48
|
Independent:
Yes
|
Occupation:
President of Fidelity National Information Services, Inc. (FIS)
|
||||||||||||
Director since:
2019
|
Tenure:
4 years
|
Committees:
Audit
|
||||||||||||
Stephanie Ferris
has been a member of our board of directors since July 2019. Since February of 2022, Ms. Ferris has served as president of Fidelity National Information Services, Inc. Prior to her current role she was the chief administrative officer since September 2021, and the chief operating officer from 2019 to 2020. From 2018 to 2019, she was the chief financial officer of Worldpay, Inc., a payments technology company. Prior to becoming CFO of Worldpay, Ms. Ferris was the chief financial officer of Vantiv, Inc., a predecessor to Worldpay, from 2016 to 2018, and its deputy chief financial officer from 2015 to 2016. 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.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Ms. Ferris to serve as a director given her broad experience and background in technology and finance.
|
Kourtney Gibson
|
||||||||||||||
Age:
40
|
Independent:
Yes
|
Occupation:
Executive Vice Chairman of Loop Capital Markets
|
||||||||||||
Director since:
2020
|
Tenure:
2 years
|
Committees:
Audit & People, culture and compensation
|
||||||||||||
Kourtney Gibson
has been a member of our board of directors since November 2020. Ms. Gibson is executive vice chairman of Loop Capital Markets, an investment banking and brokerage firm, where she started as an intern over 20 years ago and served as President from 2016 to March 2022. She is on the board of MarketAxess Holdings Inc. She also sits on the board of trustees at the University of Miami and Viterbo University as well on the boards of the Dibia Dream Foundation and Chicago Scholars Foundation. Ms. Gibson is a member of the Economic Club of Chicago and the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York. Ms. Gibson received an MBA from the Kellogg School of Management at Northwestern University.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Ms. Gibson to serve as a director because it believes her accomplishments as a business and finance leader provides experience in identifying opportunities for growing global consumer brands.
|
Kathryn Henry
|
||||||||||||||
Age:
56
|
Independent:
Yes
|
Occupation:
Co-Founder and Chief Executive Officer of LightBrite
|
||||||||||||
Director since:
2016
|
Tenure:
8 years
|
Committees:
Audit & People, culture and compensation
|
||||||||||||
Kathryn Henry
has been a member of our board of directors since January 2016. Since January 2022, Ms. Henry has served as chief executive officer of LightBrite, where she is also co-founder. From 2015 through 2021, Ms. Henry served as a strategic advisor, mentor and consultant in retail and technology sectors. Ms. Henry previously served as chief information officer, logistics & distribution at lululemon from 2010 to 2014 where she oversaw all global information and technology operations for the company. Prior to joining lululemon in 2010, Ms. Henry worked at Gap, Inc., where she served as vice president and chief information officer of international IT and Gap North America and was responsible for the systems support of key international growth initiatives. Previously, she was vice president of Dockers Business Divestiture and vice president of global IT strategy & development at Levi Strauss & Co. Ms. Henry was selected as a Global CIO Top 25 Breakaway Leader in 2013, and was a member of the National Retail Federation CIO council during her tenure with lululemon.
|
||||||||||||||
Skills & Experience
•
Our board of directors believes Ms. Henry's strategic IT and retail experience as well as her experience with lululemon provides valuable insight to our board of directors.
|
Alison Loehnis
|
||||||||||||||
Age:
51
|
Independent:
Yes
|
Occupation:
President of Luxury and Fashion of Yoox Net-a-Porter
|
||||||||||||
Director since:
2022
|
Tenure:
4 months
|
Committees:
N/A
|
||||||||||||
Alison Loehnis
has been a member of our board of directors since January 2022. Since June of 2021, Ms. Loehnis has been president of Luxury and Fashion at Yoox Net-a-Porter where she is responsible for Net-a-Porter, Mr. Porter and the Outnet businesses, and where she was president of the luxury division from 2015 until 2021. She has held several leadership roles with expanding responsibility since she joined the company in 2007 and has been instrumental in the conception and launch of major initiatives including TheOutnet.com and MrPorter.com. Previously, Ms. Loehnis held positions with LVMH, Hachette Filipacchi and The Walt Disney Company, after starting her career with Saatchi & Saatchi. Ms. Loehnis received a degree in Art History from Brown University.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Ms. Loehnis to serve as a director because it believes her experience as a leader in the retail industry, and international markets will provide valuable insight to the company.
|
Jon McNeill
|
||||||||||||||
Age:
54
|
Independent:
Yes
|
Occupation:
Chief Executive Officer of DVx Ventures
|
||||||||||||
Director since:
2016
|
Tenure:
6 years
|
Committees:
Corporate responsibility, sustainability and governance
|
||||||||||||
Jon McNeill
has been a member of our board of directors since April 2016. Since January 2020, Mr. McNeill has served as chief executive officer of DVx Ventures. He served as chief operating officer of Lyft, Inc. from March 2018 to July 2019. From September 2015 to February 2018, he served as president, global sales, delivery and service of Tesla Inc., overseeing customer-facing operations. Prior to joining Tesla, Inc., he was the chief executive officer of Enservio, Inc., a software company, from 2006 until 2015, and founder of multiple technology and retail companies. He serves on the board of directors of Asurion, CrossFit, LLC, Tekion Corp, Stash Financial, Inc. and Tier Mobility. Mr. McNeill began his career at Bain & Company. He is a graduate of Northwestern University.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Mr. McNeill because it believes his executive experience and innovative and entrepreneurial attributes provide valuable insight and are aligned with our unique culture.
|
Glenn Murphy | ||||||||||||||
Age:
60
|
Independent:
Yes
|
Occupation:
Founder and Chief Executive Officer of FIS Holdings
|
||||||||||||
Director since:
2017
|
Tenure:
5 years
|
Committees:
N/A
|
||||||||||||
Glenn Murphy
has been a member of our board of directors since April 2017 and served as non-executive chair of the board of directors from August 2018 to March 2022. He served as executive chair of the board of directors from February to August of 2018. He served as co-chair of the board of directors from April 2017 to November 2017 and as non-executive chair of the board of directors from November 2017 to February 2018. Mr. Murphy is an industry executive with more than 25 years of retail experience. He has led diverse retail businesses and brands in the areas of food, health & beauty, apparel and books. He is the founder and CEO of FIS Holdings, a high-impact consumer-focused investment firm deploying a combination of operating guidance and capital flexibility. He is also CEO and chairman of KKR Acquisition Holdings I, a blank cheque company targeting the consumer sector. Prior to FIS Holdings, Mr. Murphy served as chairman and chief executive officer at The Gap, Inc. from 2007 until 2014. Prior to that, Mr. Murphy served as the chairman and chief executive officer of Shoppers Drug Mart Corporation from 2001 to 2007. Prior to leading Shoppers Drug Mart, he served as the chief executive officer and president for the Retail Division of Chapters Inc. Mr. Murphy started his career at Loblaws where he spent 14 years. He holds a BA Degree from the University of Western Ontario.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Mr. Murphy to serve as a director because it believes his extensive retail experience as a leading strategic operator will provide valuable insight to our board of directors.
|
David Mussafer, Lead Director
|
||||||||||||||
Age:
58
|
Independent:
Yes
|
Occupation:
Chairman and Managing Partner of Advent International Corporation
|
||||||||||||
Director since:
2014
|
Tenure:
8 years
|
Committees:
Corporate responsibility, sustainability and governance (chair)
|
||||||||||||
David Mussafer
is lead director and has been a member of our board of directors since September 2014. Mr. Mussafer also served as a director of lululemon from 2005 until 2010. Mr. Mussafer is chairman and managing partner of Advent International Corporation which he joined in 1990. Prior to Advent, Mr. Mussafer worked at Chemical Bank and Adler & Shaykin in New York. Mr. Mussafer has led or co-led more than 30 buyout investments at Advent across a range of industries. Mr. Mussafer’s current directorships also include Olaplex Holdings Inc. and Thrasio. Mr. Mussafer holds a BSM, cum laude, from Tulane University and an MBA from the Wharton School of the University of Pennsylvania.
|
||||||||||||||
Skills & Experience
•
Our board of directors believes Mr. Mussafer's extensive experience enables him to provide valuable insights to the board of directors regarding board processes and operations as well as the relationship between the board of directors and shareholders.
|
Emily White
|
||||||||||||||
Age:
43
|
Independent:
Yes
|
Occupation:
President of Anthos Capital
|
||||||||||||
Director since:
2011
|
Tenure:
11 years
|
Committees:
People, culture and compensation (chair)
|
||||||||||||
Emily White
has been a member of our board of directors since November 2011. She has served as President of Anthos Capital, a Los Angeles-based investment firm since 2018. Prior to Anthos, Ms. White was chief operating officer at Snap, Inc. from January 2014 to March of 2015. Prior to joining Snap, Ms. White held several leadership roles at Facebook Inc. from 2010 to 2013 including as Director of Local Business Operations, Director of Mobile Business Operations and Head of Business Operations at Instagram. From 2001 to 2010, Ms. White worked at Google where she ran North American Online Sales and Operations, Asia Pacific & Latin America business and the Emerging Business channel. Ms. White is also a board member to Graco, Inc. and is on the boards of directors for Northern Start Investment Corp IV, a special purpose acquisition company, Olaplex Holdings Inc., Railsbank, and Guayaki. She has also served on the boards of the National Center for Women in I.T., a non-profit coalition working to increase the participation of girls and women in computing and technology, and X-Prize, a non-profit focused on creating breakthroughs that pull the future forward. She received a BA in Art History from Vanderbilt University.
|
||||||||||||||
Skills & Experience
•
Our board of directors selected Ms. White to serve as a director because of her extensive experience with social networking and technology companies.
|
Name |
Age
(1)
|
Director Since | ||||||||||||
Class III directors (whose terms would expire at the 2025 annual meeting)
|
||||||||||||||
Kathryn Henry | 56 | 2016 | ||||||||||||
Jon McNeill | 54 | 2016 | ||||||||||||
Alison Loehnis | 51 | 2022 |
Name | Age | Occupation | Director Since | |||||||||||||||||
Class I directors (whose terms expire at the 2023 annual meeting) | ||||||||||||||||||||
David Mussafer | 58 | Chairman and Managing Partner of Advent International Corporation | 2014 | |||||||||||||||||
Glenn Murphy | 60 | Founder and Chief Executive Officer of FIS Holdings | 2017 | |||||||||||||||||
Kourtney Gibson | 40 | Executive Vice Chairman of Loop Capital Markets | 2020 | |||||||||||||||||
Michael Casey | 76 | Retired Executive Vice President, Chief Financial Officer and Chief Administrative Officer of Starbucks Corporation | 2007 | |||||||||||||||||
Class II directors (whose terms expire at the 2024 annual meeting) | ||||||||||||||||||||
Calvin McDonald | 50 | Chief Executive Officer of lululemon athletica inc. | 2018 | |||||||||||||||||
Emily White | 43 | President of Anthos Capital | 2011 | |||||||||||||||||
Martha Morfitt | 64 | Principal of River Rock Partners Inc. | 2008 | |||||||||||||||||
Class III directors (whose terms expire and are nominees for re-election at the 2022 annual meeting) | ||||||||||||||||||||
Alison Loehnis | 51 |
President of Luxury and Fashion of Yoox Net-a-Porter
|
2022 | |||||||||||||||||
Jon McNeill | 54 | Chief Executive Officer of DVx Ventures | 2016 | |||||||||||||||||
Kathryn Henry | 56 | Co-Founder and Chief Executive Officer of LightBrite | 2016 | |||||||||||||||||
Class III director (whose term expires at the 2022 annual meeting) | ||||||||||||||||||||
Stephanie Ferris | 48 |
President of Fidelity National Information Services, Inc. (FIS)
|
2019 | |||||||||||||||||
Board Diversity Matrix
(1)
|
||||||||
Board Size: | ||||||||
Total Number of Directors | 11 | |||||||
Female | Male | |||||||
Gender: | ||||||||
Directors | 6 | 5 | ||||||
Number of Directors who self-identify as one of the below: | ||||||||
African American or Black | 1 | 0 | ||||||
White | 5 | 5 | ||||||
LGBTQ+
|
1 |
Director Qualifications & Experience |
Casey |
Ferris |
Gibson |
Henry |
Loehnis |
McNeill |
Morfitt |
Murphy |
Mussafer |
White |
||||||||||||||||||||||
Senior Leadership | ü | ü | ü | ü | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||
International Markets | ü | ü | ü | ü | ü | ü | ü | |||||||||||||||||||||||||
Finance/Accounting | ü | ü | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||||
Public Company Board Service | ü | ü | ü | ü | ü | ü | ü | ü | ü | |||||||||||||||||||||||
Retail Industry | ü | ü | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||||
Digital/Technology | ü | ü | ü | ü | ü | |||||||||||||||||||||||||||
Strategy | ü | ü | ü | ü | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||
HR & Talent | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||
Environmental, Social & Governance (ESG)
|
ü | ü | ü | ü | ü | ü |
Michael Casey | Kathryn Henry | Martha Morfitt | Emily White | ||||||||
Stephanie Ferris | Alison Loehnis | Glenn Murphy | |||||||||
Kourtney Gibson | Jon McNeill | David Mussafer | |||||||||
Name of Director
(1)
|
Audit | People, culture and compensation | Corporate responsibility, sustainability and governance | |||||||||||||||||
Michael Casey | Member | Member | ||||||||||||||||||
Stephanie Ferris | Member | |||||||||||||||||||
Kourtney Gibson | Member | Member | ||||||||||||||||||
Kathryn Henry | Member | Member | ||||||||||||||||||
Jon McNeill | Member | |||||||||||||||||||
Martha Morfitt | Chair | Member | ||||||||||||||||||
David Mussafer | Chair | |||||||||||||||||||
Emily White | Chair | |||||||||||||||||||
Number of meetings in fiscal 2021 | 8 | 7 | 4 |
Retainers | Total ($) | |||||||
All Non-Employee Directors | 85,000 | |||||||
Additional Retainers | ||||||||
Chair | 135,000 | |||||||
Lead Director | 50,000 | |||||||
Audit Committee Chair | 20,000 | |||||||
People, Culture and Compensation Committee Chair | 15,000 | |||||||
Corporate Responsibility, Sustainability and Governance Committee Chair | 10,000 | |||||||
Audit Committee Member | 10,000 | |||||||
People, Culture and Compensation Committee Member | 7,500 | |||||||
Corporate Responsibility, Sustainability and Governance Committee Member | 5,000 | |||||||
Equity Grant | ||||||||
All Non-Employee Directors | 130,000 |
Name | Fees Earned or Paid in Cash ($) |
Stock Awards ($)
(1)
|
Option Awards ($)
(1)
|
Total ($) | ||||||||||||||||||||||
Michael Casey | 102,500 | 129,997 | — | 232,497 | ||||||||||||||||||||||
Stephanie Ferris | 95,000 | 129,997 | — | 224,997 | ||||||||||||||||||||||
Kourtney Gibson | 95,833 | 133,112 | — | 228,945 | ||||||||||||||||||||||
Tricia Glynn
(2)
|
47,219 | 46,003 | — | 93,222 | ||||||||||||||||||||||
Kathryn Henry | 101,250 | 129,997 | — | 231,247 | ||||||||||||||||||||||
Jon McNeill | 90,000 | 129,997 | — | 219,997 | ||||||||||||||||||||||
Martha Morfitt | 122,500 | 129,997 | — | 252,497 | ||||||||||||||||||||||
Glenn Murphy
(3)
|
157,415 | 129,997 | 6,039 | 293,451 | ||||||||||||||||||||||
David Mussafer | 150,000 | 129,997 | — | 279,997 | ||||||||||||||||||||||
Emily White | 107,500 | 129,997 | — | 237,497 | ||||||||||||||||||||||
Alison Loehnis
(4)
|
— | 1,228 | — | 1,228 |
Retainers | Total ($) | |||||||
All Non-Employee Directors | 85,000 | |||||||
Additional Retainers | ||||||||
Chair | 160,000 | |||||||
Lead Director | 50,000 | |||||||
Audit Committee Chair | 20,000 | |||||||
People, Culture and Compensation Committee Chair | 20,000 | |||||||
Corporate Responsibility, Sustainability and Governance Committee Chair | 10,000 | |||||||
Audit Committee Member | 15,000 | |||||||
People, Culture and Compensation Committee Member | 12,500 | |||||||
Corporate Responsibility, Sustainability and Governance Committee Member | 10,000 | |||||||
Equity Grant | ||||||||
All Non-Employee Directors | 150,000 |
Position |
Minimum Ownership Guidelines
(Dollar Value of Shares) |
|||||||
Non-Employee Director | 5 x Annual Cash Retainer Compensation |
Fees | Fiscal 2021 | Fiscal 2020 | ||||||||||||
Audit Fees
(1)
|
$ | 1,377,793 | $ | 1,164,616 | ||||||||||
Audit-Related Fees
(2)
|
134,709 | 116,347 | ||||||||||||
Tax Fees
(3)
|
22,058 | — | ||||||||||||
All Other Fees
(4)
|
15,572 | 15,208 |
AUDIT COMMITTEE | ||
Martha Morfitt (chair) | ||
Michael Casey | ||
Stephanie Ferris | ||
Kourtney Gibson | ||
Kathryn Henry |
2021 Named Executive Officers
|
Title | ||||
Calvin McDonald | Chief Executive Officer | ||||
Meghan Frank | Chief Financial Officer | ||||
Celeste Burgoyne | President, Americas and Global Guest Innovation | ||||
Michelle (Sun) Choe | Chief Product Officer | ||||
André Maestrini | Executive Vice President, International |
What we do | What we don't do | |||||||
•
Align executive compensation with shareholder interests through a balance of short and long-term incentives and linked to our financial performance
|
•
Permit hedging or pledging of company stock
|
|||||||
•
Set challenging performance goals for our annual incentive and PSUs
|
•
Reprice stock options
|
|||||||
•
Set market-competitive stock ownership guidelines for the chief executive officer, executive officers, and non-employee directors
|
•
Grant stock options at a discount to market price
|
|||||||
•
Consider relevant market practices when establishing compensation
|
•
Enter into employment agreements with multi-year terms
|
|||||||
•
Assess and mitigate undue risk in compensation programs
|
•
Provide excessive benefits or perquisites
|
|||||||
•
Conduct an annual review of compensation programs and practices
|
•
Provide single-trigger severance or permit golden parachute tax gross ups following a change in control
|
|||||||
•
Retain an independent compensation consultant
|
||||||||
•
Include double-trigger change in control provisions in equity awards.
|
||||||||
•
Include clawback provisions in our cash and equity incentive plans
|
2021 Peer Group:
|
||||||||||||||||||||||||||
Burberry Group plc | Deckers Outdoor | Restoration Hardware | Twitter, Inc. | Urban Outfitters | ||||||||||||||||||||||
Capri Holdings Limited | Gildan Activewear | Ross Stores, Inc. | Uber Technologies, Inc. | VF Corp. | ||||||||||||||||||||||
Chipotle Mexican Grill | PVH Corp. |
Block, Inc.
(formerly Square, Inc.) |
Ulta Beauty | Wayfair Inc. | ||||||||||||||||||||||
Columbia Sportswear Company | Recreational Equipment, Inc. | Tiffany & Co. | Under Armour, Inc. |
2022 Peer Group:
|
||||||||||||||||||||
Burberry Group plc | Deckers Outdoor | Block, Inc. | Under Armour, Inc. | |||||||||||||||||
Capri Holdings Limited | PVH Corp. | Twitter, Inc. | Urban Outfitters | |||||||||||||||||
Chipotle Mexican Grill | Restoration Hardware | Uber Technologies, Inc. | VF Corp. | |||||||||||||||||
Columbia Sportswear Company | Ross Stores, Inc. | Ulta Beauty | Wayfair Inc. |
Element | Purpose | How it Works | Link to Business Strategies | |||||||||||||||||
Base Salary | Provides base level of earnings throughout the year; considers a number of factors including responsibilities, experience, external market, and historical performance. | Payable bi-weekly in arrears subject to deductions required by law or authorized by the executive. | Competitive base salary levels support in attracting and retaining executive talent. Base salaries are generally targeted near the market median of base salaries of similarly situated executives at peer group companies. | |||||||||||||||||
Annual Cash Incentive | Rewards the achievement of annual financial and strategic goals. | Generally awarded in the form of performance-based cash awards and payable based on the achievement of corporate performance goals established by the people, culture and compensation committee. |
Performance metrics and incentive targets are set at the beginning of the fiscal year and align with our financial goals.
Performance metrics typically include operating income and net revenue. |
|||||||||||||||||
Long-term Incentive Awards | Rewards the achievement of our long-term performance goals and aligns the incentives of our executives with the interests of our shareholders. | Generally awarded in three equity vehicles: (1) stock options (2) PSU awards and (3) RSU awards. |
Stock Options and RSUs provide incentive for long-term retention.
PSUs are designed for our executives to deliver on performance metrics we believe are needed to deliver company objectives. All our equity programs are designed to encourage equity ownership for our executives to align their interest with shareholders. The ultimate value received by the executive officers is linked to the performance of our share price. |
Named Executive Officer | Role |
Fiscal 2021 Base Salary ($)
|
||||||
Calvin McDonald | Chief Executive Officer | 1,250,000 | ||||||
Meghan Frank
(1)
|
Chief Financial Officer | 600,000 | ||||||
Celeste Burgoyne | President, Americas and Global Guest Innovation | 700,000 | ||||||
Michelle (Sun) Choe | Chief Product Officer | 700,000 | ||||||
André Maestrini
(2)
|
Executive Vice President, International | 687,500 |
Named Executive Officer |
Fiscal 2021 Target Bonus
(as a % of Base Salary)
|
||||
Calvin McDonald | 160% | ||||
Meghan Frank | 75% | ||||
Celeste Burgoyne | 90% | ||||
Michelle (Sun) Choe | 90% | ||||
André Maestrini
|
90% |
Named Executive Officer | Role |
Fiscal 2021 Target Annual
Equity Grant ($)
|
||||||
Calvin McDonald | Chief Executive Officer | 8,000,000 | ||||||
Meghan Frank | Chief Financial Officer | 1,000,000 | ||||||
Celeste Burgoyne | President, Americas and Global Guest Innovation | 2,500,000 | ||||||
Michelle (Sun) Choe | Chief Product Officer | 2,500,000 | ||||||
André Maestrini
|
Executive Vice President, International | 1,500,000 |
Equity Program | PSUs | Stock Options | RSUs | |||||||||||||||||
How it Works |
Each PSU award represents a
right to receive one share of our common stock on a specified settlement date if performance metrics have been met. |
Each stock option represents a right to purchase one share of our common stock at the grant price, if the time vesting requirements has been met. Stock options are granted with an exercise price equal to the closing price of our common stock as reported on Nasdaq on the date of grant. |
Each RSU represents a right to
receive one share of our common stock on a specified settlement date, if the time vesting requirement has been met. |
|||||||||||||||||
Vesting | PSUs generally vest on the third anniversary of grant day. | Stock Options generally vest 1/4 on the annual anniversary of grant day. | RSUs generally vest 1/3 on the annual anniversary of grant day. | |||||||||||||||||
Payout | The attainment of goals during the performance period may earn from 0% of target for performance below threshold to 200% of target for performance at or above maximum. |
Stock options only have value
to the extent that, on the date they are exercised, the company's share price is higher than the exercise price. |
RSU will be earned based on continued employment.
|
Cycle | Baseline | Metric | Performance Period | Payout Multiplier | ||||||||||
Fiscal 2020 - 2022 | 2019 - $889.1M | Pre-tax Operating Income | 3 years | 0-200% multiplier | ||||||||||
Fiscal 2020 - 2023 | 2019 - $889.1M | Adjusted Pre-tax Operating Income | 4 years |
Position |
Minimum Ownership Requirements
(Dollar Value of Shares) |
|||||||
Chief Executive Officer | 5x Base Salary | |||||||
Other Section 16 executive officers | 3x Base Salary |
Benefits | Employee Eligibility |
Executive Officer
Eligibility |
||||||||||||
Medical/Dental/Vision Plans | ü | ü | ||||||||||||
Life and Disability Insurance | ü | ü | ||||||||||||
Change in Control and Severance Plan | ü | ü | ||||||||||||
401(k) Plan (or other defined contribution group savings program) | ü | ü | ||||||||||||
Employee Stock Purchase Plan | ü | Not offered |
Perquisites | Employee Eligibility |
Executive Officer
Eligibility |
||||||||||||
Employee Discount | ü | ü | ||||||||||||
Tax Support | ü | ü | ||||||||||||
Relocation Assistance (i.e., temporary housing, moving expenses) | ü | ü | ||||||||||||
Supplemental Life Insurance | ü | ü | ||||||||||||
Parental Leave Policy | ü | ü | ||||||||||||
Fitness Benefit | ü | ü |
Name | Title |
Fiscal 2022 Base Salary ($)
|
Fiscal 2022 Target Annual Bonus (%)
|
Fiscal 2022 Annual Equity ($)
|
||||||||||
Calvin McDonald | Chief Executive Officer | 1,250,000 | 175% | 10,000,000 | ||||||||||
Meghan Frank | Chief Financial Officer | 700,000 | 90% | 1,500,000 | ||||||||||
Celeste Burgoyne | President, Americas and Global Guest Innovation | 800,000 | 100% | 3,500,000 | ||||||||||
Michelle Choe | Chief Product Officer | 800,000 | 100% | 3,500,000 | ||||||||||
André Maestrini | Executive Vice President, International | 768,213 | 90% | 2,000,000 |
PEOPLE, CULTURE AND COMPENSATION COMMITTEE | |||||
Emily White (chair) | |||||
Martha Morfitt | |||||
Michael Casey | |||||
Kathryn Henry |
Name and Principal
Position |
Fiscal Year |
Salary
($) |
Bonus
($) |
Stock Awards
($) (1) |
Option Awards
($) (2) |
Non-Equity Incentive Plan Compensation
($) (3) |
All Other Compensation ($)
(4)
|
Total
($) |
||||||||||||||||||||||||||||||||||||||||||
Calvin McDonald,
Chief Executive Officer
|
2021 | 1,250,000 | — | 4,000,112 | 4,000,028 | 4,000,000 | 15,315 | 13,265,455 | ||||||||||||||||||||||||||||||||||||||||||
2020 | 1,182,692 | — | 2,999,912 | 3,000,024 | 1,875,000 | 1,532,478 | 10,590,106 | |||||||||||||||||||||||||||||||||||||||||||
2019 | 1,250,000 | — | 2,999,971 | 2,995,896 | 3,750,000 | 294,077 | 11,289,944 | |||||||||||||||||||||||||||||||||||||||||||
Meghan Frank,
Chief Financial Officer
|
2021 | 567,308 | — | 699,912 | 299,988 | 850,962 | 11,782 | 2,429,952 | ||||||||||||||||||||||||||||||||||||||||||
2020 | 469,231 | — | 693,002 | 136,415 | 351,923 | 10,721 | 1,661,292 | |||||||||||||||||||||||||||||||||||||||||||
Celeste Burgoyne,
President, Americas and Global Guest Innovation
|
2021 | 696,154 | — | 1,750,087 | 749,970 | 1,253,077 | 11,669 | 4,460,957 | ||||||||||||||||||||||||||||||||||||||||||
2020 | 638,654 | — | 1,050,139 | 450,024 | 607,500 | — | 2,746,317 | |||||||||||||||||||||||||||||||||||||||||||
2019 | 666,538 | — | 1,050,141 | 1,448,023 | 1,199,769 | — | 4,364,471 | |||||||||||||||||||||||||||||||||||||||||||
Michelle Choe,
Chief Product Officer
|
2021 | 696,154 | — | 1,750,087 | 749,970 | 1,253,077 | 248,400 | 4,697,688 | ||||||||||||||||||||||||||||||||||||||||||
2020 | 638,654 | — | 1,050,139 | 450,024 | 607,500 | 166,936 | 2,913,253 | |||||||||||||||||||||||||||||||||||||||||||
2019 | 666,538 | — | 1,050,141 | 1,448,023 | 1,199,769 | 49,874 | 4,414,345 | |||||||||||||||||||||||||||||||||||||||||||
André Maestrini,
EVP, International
(5)
|
2021 | 687,500 | 126,042 | 1,049,868 | 449,982 | 1,237,500 | 66,568 | 3,617,460 |
Name | Fiscal Year |
Relocation Costs and Personal Tax Preparation Fees
($) |
Tax Equalization Payments, Including Gross-Ups
(d)
($)
|
Company Match of 401(k) / RRSP
($) |
Pension Allowance
($) |
Other
($) |
Total All Other Compensation
($) |
|||||||||||||||||||||||||||||||||||||
Calvin McDonald | 2021 | 5,727 | 3,083 | 6,505 | — | — | 15,315 | |||||||||||||||||||||||||||||||||||||
2020
(b)
|
1,300,289 | 225,581 | 6,608 | — | — | 1,532,478 | ||||||||||||||||||||||||||||||||||||||
2019 | 269,817 | 18,745 | 5,515 | — | — | 294,077 | ||||||||||||||||||||||||||||||||||||||
Meghan Frank | 2021 | — | — | 11,782 | — | — | 11,782 | |||||||||||||||||||||||||||||||||||||
2020 | — | — | 10,721 | — | — | 10,721 | ||||||||||||||||||||||||||||||||||||||
Celeste Burgoyne | 2021 | — | — | 11,669 | — | — | 11,669 | |||||||||||||||||||||||||||||||||||||
2020
(a)
|
— | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
2019
(a)
|
— | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Michelle Choe | 2021 | 5,351 | 241,549 | — | 1,500 | 248,400 | ||||||||||||||||||||||||||||||||||||||
2020 | 6,022 | 159,414 | — | — | 1,500 | 166,936 | ||||||||||||||||||||||||||||||||||||||
2019 | 2,499 | 47,375 | — | — | — | 49,874 | ||||||||||||||||||||||||||||||||||||||
André Maestrini |
2021
(c)
|
11,659 | 6,278 | — | 34,375 | 14,256 | 66,568 |
Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Estimated Future Payouts Under Equity Incentive Plan Awards |
All Other Stock Awards: Number of Shares of Stock
(#) |
All Other Option Awards: Number of Securities Underlying Options
(#)
(2)
|
Exercise or Base Price of Option Awards
($/Share) |
Grant Date Fair Value of Stock and Option Awards
($)
(3)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | Type of Award | Grant Date |
Threshold
($)
|
Target
($)
|
Maximum
($) |
Threshold
(#)
(1)
|
Target
(#)
(1)
|
Maximum
(#)
(1)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Calvin McDonald | Stock Option | 03/31/2021 | — | — | — | — | — | — | — | 43,042 | 306.71 | 4,000,028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Restricted Stock Unit | 03/31/2021 | — | — | — | 6,521 | 13,042 | 26,084 | — | — | — | 4,000,112 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Cash Award
(4)
|
03/31/2021 | 1,000,000 | 2,000,000 | 4,000,000 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Meghan Frank |
Restricted Stock Unit
(5)
|
03/31/2021 | — | — | — | — | — | — | 652 | — | — | 199,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option | 03/31/2021 | — | — | — | — | — | — | — | 3,228 | 306.71 | 299,988 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Restricted Stock Unit | 03/31/2021 | — | — | — | 815 | 1,630 | 3,260 | — | — | — | 499,937 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Cash Award
(4)
|
03/31/2021 | 212,740 | 425,481 | 850,962 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Celeste Burgoyne |
Restricted Stock Unit
(5)
|
03/31/2021 | — | — | — | — | — | — | 1,630 | — | — | 499,937 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option | 03/31/2021 | — | — | — | — | — | — | — | 8,070 | 306.71 | 749,970 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Restricted Stock Unit | 03/31/2021 | — | — | — | 2,038 | 4,076 | 8,152 | — | — | — | 1,250,150 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Cash Award
(4)
|
03/31/2021 | 313,269 | 626,538 | 1,253,077 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michelle Choe |
Restricted Stock Unit
(5)
|
03/31/2021 | — | — | — | — | — | — | 1,630 | — | — | 499,937 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option | 03/31/2021 | — | — | — | — | — | — | — | 8,070 | 306.71 | 749,970 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Restricted Stock Unit | 03/31/2021 | — | — | — | 2,038 | 4,076 | 8,152 | — | — | — | 1,250,150 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Cash Award
(4)
|
03/31/2021 | 313,269 | 626,538 | 1,253,077 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
André Maestrini |
Restricted Stock Unit
(5)
|
03/31/2021 | — | — | — | — | — | — | 978 | — | — | 299,962 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Option | 03/31/2021 | — | — | — | — | — | — | — | 4,842 | 306.71 | 449,982 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Restricted Stock Unit | 03/31/2021 | — | — | — | 1,223 | 2,445 | 4,890 | — | — | — | 749,906 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance-Based Cash Award
(4)
|
03/31/2021 | 309,375 | 618,750 | 1,237,500 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding Stock Option Awards | ||||||||||||||||||||||||||||||||
Name |
Grant Date
(1)
|
Number of Securities Underlying Unexercised Options
(#) Exercisable |
Number of Securities Underlying Unexercised Options
(#) Unexercisable |
Option Exercise Price
($) |
Option Expiration Date | |||||||||||||||||||||||||||
Calvin McDonald | 08/20/2018 | 42,766 | 17,589 | 136.67 | 08/20/2025 | |||||||||||||||||||||||||||
03/28/2019 | 27,979 | 27,978 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/27/2020 | 13,108 | 39,323 | 188.84 | 03/27/2027 | ||||||||||||||||||||||||||||
03/31/2021 | — | 43,042 | 306.71 | 03/31/2028 | ||||||||||||||||||||||||||||
Meghan Frank | 02/16/2017 | 94 | — | 65.97 | 02/16/2024 | |||||||||||||||||||||||||||
03/31/2017 | 1,459 | — | 51.87 | 03/31/2024 | ||||||||||||||||||||||||||||
03/28/2018 | 1,091 | 1,090 | 85.96 | 03/28/2025 | ||||||||||||||||||||||||||||
03/28/2019 | 455 | 909 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/28/2019 | 467 | 932 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/27/2020 | 426 | 1,278 | 188.84 | 03/27/2027 | ||||||||||||||||||||||||||||
12/11/2020 | 93 | 280 | 344.32 | 12/11/2027 | ||||||||||||||||||||||||||||
03/31/2021 | — | 3,228 | 306.71 | 03/31/2028 | ||||||||||||||||||||||||||||
Celeste Burgoyne | 03/28/2018 | 6,712 | 2,237 | 85.96 | 03/28/2025 | |||||||||||||||||||||||||||
03/28/2019 | 4,197 | 4,197 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/28/2019 | 9,326 | 9,326 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/27/2020 | 1,966 | 5,899 | 188.84 | 03/27/2027 | ||||||||||||||||||||||||||||
03/31/2021 | — | 8,070 | 306.71 | 03/31/2028 | ||||||||||||||||||||||||||||
Michelle Choe | 12/09/2016 | 180 | — | 69.30 | 12/09/2023 | |||||||||||||||||||||||||||
03/31/2017 | 1,459 | — | 51.87 | 03/31/2024 | ||||||||||||||||||||||||||||
03/28/2018 | 1,398 | 1,398 | 85.96 | 03/28/2025 | ||||||||||||||||||||||||||||
09/20/2018 | 617 | 308 | 155.97 | 09/20/2025 | ||||||||||||||||||||||||||||
03/28/2019 | — | 4,197 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/28/2019 | — | 9,326 | 167.54 | 03/28/2026 | ||||||||||||||||||||||||||||
03/27/2020 | 1,966 | 5,899 | 188.84 | 03/27/2027 | ||||||||||||||||||||||||||||
03/31/2021 | — | 8,070 | 306.71 | 03/31/2028 | ||||||||||||||||||||||||||||
André Maestrini | 01/12/2021 | 80 | 240 | 356.93 | 01/31/2028 | |||||||||||||||||||||||||||
03/31/2021 | — | 4,842 | 306.71 | 03/27/2028 |
Outstanding Stock Awards | ||||||||||||||||||||||||||||||||
Time-Based Vesting Awards | Performance-Based Vesting Awards | |||||||||||||||||||||||||||||||
Name | Grant Date |
Number of Shares or Units of Stock That Have Not Vested
(#)
(1)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)
(2)
|
Number of Unearned Shares, Units or Other Rights that Have Not Vested
(#)
(3)
|
Market Value of Unearned Shares, Units or Other Rights that Have Not Vested
($)
(4)
|
|||||||||||||||||||||||||||
Calvin McDonald | 03/28/2019 | — | — | 17,906 | 5,656,684 | |||||||||||||||||||||||||||
03/27/2020 | — | — | 15,886 | 5,018,546 | ||||||||||||||||||||||||||||
03/31/2021 | — | — | 13,042 | 4,120,098 | ||||||||||||||||||||||||||||
Meghan Frank |
03/28/2019
(5)
|
298 | 94,141 | 970 | 306,433 | |||||||||||||||||||||||||||
03/28/2019 | 132 | 41,700 | — | — | ||||||||||||||||||||||||||||
02/13/2020
(6)
|
788 | 248,937 | — | — | ||||||||||||||||||||||||||||
03/27/2020 | 230 | 72,659 | 861 | 271,999 | ||||||||||||||||||||||||||||
06/12/2020
(7)
|
395 | 124,784 | — | — | ||||||||||||||||||||||||||||
12/11/2020 | 50 | 15,796 | 188 | 59,391 | ||||||||||||||||||||||||||||
03/31/2021 | 652 | 205,973 | 1,630 | 514,933 | ||||||||||||||||||||||||||||
Celeste Burgoyne | 03/28/2019 | 609 | 192,389 | 4,477 | 1,414,329 | |||||||||||||||||||||||||||
03/27/2020 | 1,065 | 336,444 | 3,972 | 1,254,795 | ||||||||||||||||||||||||||||
03/31/2021 | 1,630 | 514,933 | 4,076 | 1,287,649 | ||||||||||||||||||||||||||||
Michelle Choe | 03/28/2019 | 609 | 192,389 | 4,477 | 1,414,329 | |||||||||||||||||||||||||||
03/27/2020 | 1,065 | 336,444 | 3,972 | 1,254,795 | ||||||||||||||||||||||||||||
03/31/2021 | 1,630 | 514,933 | 4,076 | 1,287,649 | ||||||||||||||||||||||||||||
André Maestrini | 01/12/2021 | 44 | 13,900 | 162 | 51,177 | |||||||||||||||||||||||||||
01/12/2021
(8)
|
— | — | 1,401 | 442,590 | ||||||||||||||||||||||||||||
01/12/2021
(9)
|
— | — | 700 | 221,137 | ||||||||||||||||||||||||||||
03/31/2021 | 978 | 308,960 | 2,445 | 772,400 |
Option Awards | Stock Awards | |||||||||||||||||||||||||||||||
Name | Grant Date |
Number of Shares Acquired on Exercise
(#) |
Value Realized on Exercise
($) |
Number of Shares Acquired on Vesting
(#)
(1)
|
Value Realized on Vesting
($) |
|||||||||||||||||||||||||||
Calvin McDonald | 08/20/2018 | 10,000 | 2,907,008 | — | — | |||||||||||||||||||||||||||
08/20/2018 | — | — | 43,902 | 13,880,056 | ||||||||||||||||||||||||||||
08/20/2018 | — | — | 14,926 | 5,938,011 | ||||||||||||||||||||||||||||
Meghan Frank | 02/14/2018 | — | — | 1,020 | 346,647 | |||||||||||||||||||||||||||
03/28/2018 | — | — | 4,536 | 1,434,102 | ||||||||||||||||||||||||||||
03/28/2018 | — | — | 308 | 97,377 | ||||||||||||||||||||||||||||
03/28/2019 | — | — | 299 | 94,532 | ||||||||||||||||||||||||||||
03/28/2019 | — | — | 128 | 40,468 | ||||||||||||||||||||||||||||
03/27/2020 | — | — | 114 | 36,042 | ||||||||||||||||||||||||||||
06/12/2020 | — | — | 195 | 65,836 | ||||||||||||||||||||||||||||
12/11/2020 | — | — | 25 | 10,094 | ||||||||||||||||||||||||||||
Celeste Burgoyne | 12/09/2016 | 62 | 18,505 | — | — | |||||||||||||||||||||||||||
03/31/2017 | 9,879 | 3,113,502 | — | — | ||||||||||||||||||||||||||||
06/13/2017 | 421 | 132,309 | — | — | ||||||||||||||||||||||||||||
02/14/2018 | — | — | 2,093 | 711,306 | ||||||||||||||||||||||||||||
03/28/2018 | — | — | 9,306 | 2,942,185 | ||||||||||||||||||||||||||||
03/28/2018 | — | — | 633 | 200,129 | ||||||||||||||||||||||||||||
03/28/2019 | — | — | 591 | 186,851 | ||||||||||||||||||||||||||||
03/27/2020 | — | — | 524 | 165,668 | ||||||||||||||||||||||||||||
Michelle Choe | 02/14/2018 | — | — | 2,093 | 711,306 | |||||||||||||||||||||||||||
03/28/2018 | — | — | 5,816 | 1,838,787 | ||||||||||||||||||||||||||||
09/20/2018 | — | — | 1,282 | 405,317 | ||||||||||||||||||||||||||||
03/28/2019 | — | — | 591 | 186,851 | ||||||||||||||||||||||||||||
03/27/2020 | — | — | 524 | 165,668 | ||||||||||||||||||||||||||||
03/28/2018 | — | — | 395 | 124,883 | ||||||||||||||||||||||||||||
09/20/2018 | — | — | 87 | 36,499 | ||||||||||||||||||||||||||||
03/28/2019 | 9,326 | 2,384,578 | — | — | ||||||||||||||||||||||||||||
03/28/2019 | 4,197 | 1,076,664 | — | — | ||||||||||||||||||||||||||||
André Maestrini | 01/12/2021 | — | — | 21 | 7,407 |
Termination Scenario | Stock Options | PSU | Restricted Stock Awards (RSAs) | RSU | ||||||||||||||||||||||
Cause | All options immediately expire. | All PSUs are immediately forfeited. | All unvested shares of restricted stock are immediately forfeited. | All RSUs are immediately forfeited. | ||||||||||||||||||||||
Retirement
(1)
|
All unvested options will continue to vest for 12 months following the date of termination and may be exercised within the earlier of three years from the date of termination or the regular expiry date. | On the PSU vesting date, the number of PSUs that vest is equal to the number of PSUs that would have become vested if no termination had occurred, multiplied by a percentage equal to the number of days of the participant's service during the performance period to the total number of days contained in the performance period. | All unvested shares of restricted stock are immediately forfeited. | All unvested RSUs are immediately forfeited. | ||||||||||||||||||||||
Death | All unvested options fully vest upon death and may be exercised within the earlier of 12 months or the regular expiry date. | 100% of the target number of PSUs become fully vested as of the date of death. | All unvested shares of restricted stock become fully vested. | All unvested RSUs become fully vested. | ||||||||||||||||||||||
Disability | All options may be exercised within 12 months to the extent they were exercisable at the time of termination. | On the PSU vesting date, a number of PSUs become fully vested equal to the number of PSUs that would have become vested if no termination had occurred. | All unvested shares of restricted stock become fully vested. | All unvested RSUs become fully vested. |
Termination Scenario | Stock Options | PSU | Restricted Stock Awards (RSAs) | RSU | ||||||||||||||||||||||
Other Termination |
All options may be exercised within 90 days to the extent they were exercisable at the time of termination.
All unvested options are immediately forfeited. |
In the event of the participant's voluntary termination, all PSUs are immediately forfeited.
In the event of termination without cause more than 12 months before the end of the performance period, all PSUs granted are immediately forfeited. In the event of termination without cause within 12 months of the end of the performance period, on the PSU vesting date the number of PSUs that become fully vested is equal to the number of PSUs that would have become vested if no termination had occurred, multiplied by a percentage equal to the number of days of the participant's service during the performance period to the total number of full days contained in the performance period. |
All unvested shares of restricted stock are immediately forfeited. | All unvested RSUs are immediately forfeited (except in the case of some supplemental RSU awards, which vest upon termination without cause). | ||||||||||||||||||||||
Change in Control | Board has discretion to determine effect of change in control. |
If not assumed or substituted for, 100% of the target number of PSUs become fully vested as of the date of the change in control.
If the participant's service is terminated without cause or for good reason within two years following change in control, 100% of the target number of PSUs become fully vested as of the date of such termination. |
Board has discretion to determine effect of change in control on unvested shares of restricted stock. |
If not assumed or substituted for, 100% of the RSUs become fully vested as of the date of the change in control.
If the participant's service is terminated without cause or for good reason within two years following change in control, 100% of the RSUs become fully vested as of the date of such termination. |
Name | Termination Scenario |
Severance
($)
(1)
|
Intrinsic Value of Accelerated Equity Awards
($)
(2)(3)
|
Total
($)
|
||||||||||||||||||||||
Calvin McDonald | Cause | — | — | — | ||||||||||||||||||||||
Death | — | 27,491,837 | 27,491,837 | |||||||||||||||||||||||
Disability | — | 20,452,013 | 20,452,013 | |||||||||||||||||||||||
Change in Control
(4)
|
1,875,000
(5)
|
27,491,837 | 29,366,837 | |||||||||||||||||||||||
Involuntary (without cause)
(8)
|
1,875,000
(5)
|
11,313,369 | 13,188,369 | |||||||||||||||||||||||
Voluntary | — | — | — | |||||||||||||||||||||||
Meghan Frank | Cause | — | — | — | ||||||||||||||||||||||
Death | — | 2,672,634 | 2,672,634 | |||||||||||||||||||||||
Disability | — | 2,263,179 | 2,263,179 | |||||||||||||||||||||||
Change in Control
(4)
|
750,000
(6)
|
2,672,634 | 3,422,634 | |||||||||||||||||||||||
Involuntary (without cause)
(8)
|
750,000
(6)
|
612,865 | 1,362,865 | |||||||||||||||||||||||
Voluntary | — | — | — | |||||||||||||||||||||||
Celeste Burgoyne | Cause | — | — | — | ||||||||||||||||||||||
Death | — | 8,345,175 | 8,345,175 | |||||||||||||||||||||||
Disability | — | 6,414,868 | 6,414,868 | |||||||||||||||||||||||
Change in Control
(4)
|
875,000
(6)
|
8,345,175 | 9,220,175 | |||||||||||||||||||||||
Involuntary (without cause)
(8)
|
875,000
(6)
|
2,828,658 | 3,703,658 | |||||||||||||||||||||||
Voluntary | — | — | — | |||||||||||||||||||||||
Michelle Choe | Cause | — | — | — | ||||||||||||||||||||||
Death | — | 8,201,508 | 8,201,508 | |||||||||||||||||||||||
Disability | — | 6,414,868 | 6,414,868 | |||||||||||||||||||||||
Change in Control
(4)
|
875,000
(6)
|
8,201,508 | 9,076,508 | |||||||||||||||||||||||
Involuntary (without cause)
(8)
|
875,000
(6)
|
2,828,658 | 3,703,658 | |||||||||||||||||||||||
Voluntary | — | — | — | |||||||||||||||||||||||
André Maestrini | Cause | — | — | — | ||||||||||||||||||||||
Death | — | 1,854,711 | 1,854,711 | |||||||||||||||||||||||
Disability | — | 2,031,301 | 2,031,301 | |||||||||||||||||||||||
Change in Control
(4)
|
687,500
(7)
|
1,854,711 | 2,542,211 | |||||||||||||||||||||||
Involuntary (without cause)
(8)
|
687,500
(7)
|
442,274 | 1,129,774 | |||||||||||||||||||||||
Voluntary | — | — | — |
Name and Principal Position |
Salary
(1)
|
Bonus |
Stock Awards
(2)
|
Option Awards
(3)
|
Non-Equity Incentive Plan Compensation
(4)
|
All Other Compensation | Total | |||||||||||||||||||||||||||||||||||||
Calvin McDonald,
Chief Executive Officer |
$1,250,000 | — | $4,000,112 | $4,000,028 | $4,000,000 | $15,315 | $13,265,455 | |||||||||||||||||||||||||||||||||||||
Educator,
Median Employee |
$13,220 | — | — | — | $3,841 | — | $17,061 | |||||||||||||||||||||||||||||||||||||
Pay Ratio | 778 |
Item | Company Practice | |||||||
Date Selection |
The last day of the 2021 fiscal year, January 30, 2022, was used for the calculation.
|
|||||||
Annualized Earnings | Permanent part-time and full-time employees with partial year earnings were annualized to full year earnings for the fiscal year, assuming consistent earnings. Annualized earnings include salary earned, bonus earned, and actual equity granted value. This does not apply to seasonal or temporary employees. | |||||||
Employee Workforce Definition | Generally, employees who worked any portion of the fiscal year and who were active earners were included. The jurisdictions included in the analysis were Australia, Canada, China, the United Kingdom, and the United States of America. | |||||||
De-Minimus Rule | Employee groups in certain non-U.S. jurisdictions were excluded as the aggregate total of these employees amounts less than 5% of our total employee workforce. The jurisdictions excluded were Denmark, France, Germany, Ireland, India, Japan, Malaysia, the Netherlands, New Zealand, Norway, Singapore, South Korea, Sweden, and Switzerland. The total number of employees excluded from the analysis was approximately 1,000 based on a total workforce of approximately 29,000. | |||||||
Exchange Rates | All figures shown are in U.S. dollars. The amounts originally in non-U.S. dollars were converted to U.S. dollars using the average of the average exchange rates for each fiscal month during the fiscal year. |
Beneficial Owner
(1)
|
Number of Shares of Common Stock Owned
|
Right to Acquire
(2)
|
Number of Shares Beneficially Owned
(3)
|
Percent
(4)
|
||||||||||||||||||||||
FMR LLC
(5)
|
18,691,577 | — | 18,691,577 | 14.6 | % | |||||||||||||||||||||
245 Summer Street
|
||||||||||||||||||||||||||
Boston, MA 02210
|
||||||||||||||||||||||||||
Dennis J. Wilson
(6)
|
10,955,225 | — | 10,955,225 | 8.6 | % | |||||||||||||||||||||
21 Water Street, Suite 600
|
||||||||||||||||||||||||||
Vancouver, BC V6B 1A1
|
||||||||||||||||||||||||||
T. Rowe Price Associates, Inc.
(7)
|
8,611,468 | — | 8,611,468 | 6.7 | % | |||||||||||||||||||||
100 E. Pratt Street
|
||||||||||||||||||||||||||
Baltimore, MD 21202
|
||||||||||||||||||||||||||
The Vanguard Group, Inc.
(8)
|
6,960,456 | — | 6,960,456 | 5.4 | % | |||||||||||||||||||||
100 Vanguard Blvd.
|
||||||||||||||||||||||||||
Malvern, PA 19355
|
||||||||||||||||||||||||||
BlackRock, Inc.
(9)
|
6,523,153 | — | 6,523,153 | 5.1 | % | |||||||||||||||||||||
55 East 52nd Street
|
||||||||||||||||||||||||||
New York, NY 10055
|
||||||||||||||||||||||||||
Michael Casey
|
57,494 | — | 57,494 | * | ||||||||||||||||||||||
Stephanie Ferris
|
1,408 | — | 1,408 | * | ||||||||||||||||||||||
Kourtney Gibson | 615 | — | 615 | * | ||||||||||||||||||||||
Kathryn Henry
|
3,804 | — | 3,804 | * | ||||||||||||||||||||||
Alison Loehnis | 171 | — | 171 | * | ||||||||||||||||||||||
Jon McNeill
|
6,936 | — | 6,936 | * | ||||||||||||||||||||||
Martha Morfitt
|
89,401 | — | 89,401 | * | ||||||||||||||||||||||
Glenn Murphy | 102,903 | 19,420 | 122,323 | * | ||||||||||||||||||||||
David Mussafer
|
19,783 | — | 19,783 | * | ||||||||||||||||||||||
Emily White
(10)
|
17,203 | — | 17,203 | * | ||||||||||||||||||||||
Calvin McDonald
|
60,061 | 121,711 | 181,772 | * | ||||||||||||||||||||||
Meghan Frank | 4,913 | 7,328 | 12,241 | * | ||||||||||||||||||||||
Celeste Burgoyne
|
7,051 | 35,185 | 42,236 | * | ||||||||||||||||||||||
Michelle Choe
|
4,926 | 17,765 | 22,691 | * | ||||||||||||||||||||||
André Maestrini | 925 | 1,291 | 2,216 | * | ||||||||||||||||||||||
Nicole Neuburger | 1,006 | 2,156 | 3,162 | * | ||||||||||||||||||||||
Directors and executive officers as a group (16 persons)
|
378,600 | 204,856 | 583,456 | * |
By order of the board of directors, | ||
/s/ Calvin McDonald | ||
Calvin McDonald | ||
Chief Executive Officer |
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
---|
DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
---|---|---|---|
Teri List has been a member of our board of directors since March 2024. She served as executive vice president and chief financial officer of Gap Inc, from 2017 to June 2020. She previously held chief financial officer roles at DICK’s Sporting Goods and Kraft Food Group, and senior financial roles at Procter & Gamble. Ms. List began her career at Deloitte LLP. She currently serves on the boards of directors of Danaher Corporation, Microsoft Corporation, and Visa Inc., and previously served on the boards of directors of Double Verify and Oscar Health, Inc. Ms. List has a B.S. in accounting and an honorary doctorate from Northern Michigan University and is a certified public accountant. | |||
Marti Morfitt has been a member of our board of directors since December 2008 and served as board chair since March 2022. She is a principal of River Rock Partners, Inc., a business and cultural transformation consulting firm, a role she has held since 2008. From 2009 to 2012, Ms. Morfitt served as chief executive officer of Airborne, Inc., and from 2001 to 2007, she was president and chief executive officer of CNS, Inc. after serving as chief operating officer from 1998 to 2001. Since 1995, Ms Morfitt has garnered extensive public company board experience with a range of companies. She currently serves on the boards of directors of Graco, Inc. and Olaplex Holdings, Inc and previously served on the boards of directors of Mercer International Inc. and Life Time Fitness, Inc. Ms. Morfitt holds an H.B.A. from the Richard Ivey School of Business at the University of Western Ontario and an M.B.A. from the Schulich School of Business at York University. | |||
Kathryn Henry has been a member of our board of directors since January 2016. She was a co-founder and early investor in LightBrite and served as its CEO from 2022 to 2023. From 2015 to 2022, she provided strategic consulting to retail and technology firms. Ms. Henry previously served as chief information officer, logistics & distribution of lululemon from 2010 to 2014 and held executive roles at Gap, Inc. Levi Strauss & Co. She currently serves on the board of directors of Prenetics Global Limited. | |||
Kathryn Henry has been a member of our board of directors since January 2016. She was a co-founder and early investor in LightBrite and served as its CEO from 2022 to 2023. From 2015 to 2022, she provided strategic consulting to retail and technology firms. Ms. Henry previously served as chief information officer, logistics & distribution of lululemon from 2010 to 2014 and held executive roles at Gap, Inc. Levi Strauss & Co. She currently serves on the board of directors of Prenetics Global Limited. | |||
Jon McNeill has been a member of our board of directors since April 2016. He is chief executive officer of DVx Ventures and was previously chief operating officer of Lyft, Inc. and president of Tesla Motors Inc. He also served as chief executive officer of Enservio, Inc., and founded multiple businesses, including TruMotion, Sterling, First Notice Systems and Trek Bicycles Stores, Inc. He began his career at Bain & Company and currently serves on the board of directors of General Motors. Mr. McNeill is a graduate of Northwestern University. | |||
Jon McNeill has been a member of our board of directors since April 2016. He is chief executive officer of DVx Ventures and was previously chief operating officer of Lyft, Inc. and president of Tesla Motors Inc. He also served as chief executive officer of Enservio, Inc., and founded multiple businesses, including TruMotion, Sterling, First Notice Systems and Trek Bicycles Stores, Inc. He began his career at Bain & Company and currently serves on the board of directors of General Motors. Mr. McNeill is a graduate of Northwestern University. | |||
Isabel Mahe has been a member of our board of directors since November 2022. She is vice president and managing director of Greater China at Apple Inc., where she previously served as vice president of Wireless Technologies. Ms. Mahe also held leadership roles at Palm and other technology companies. She served on the board of directors of Starbucks from 2019 to 2023 and was named to Fortune’s 50 Most Powerful Women list in 2021 and 2022. Ms. Mahe holds a B.A.Sc. and M.Eng. from Simon Fraser University and an M.B.A. from the University of California, Berkeley. | |||
Emily White has been a member of our board of directors since November 2011. She is president of Anthos Capital. Previously, she was chief operating officer at Snap, Inc, and held leadership roles at Facebook and Instagram from 2010 to 2013. From 2001 to 2010, Ms. White worked at Google in several executive roles. She currently serves on the boards of directors of Olaplex Holdings Inc., Guayaki Sustainable Rainforest Products, Inc., and Gretel.ai, and previously served on the boards of directors of Graco, Inc., the National Center for Women in I.T., and X-Prize. She holds a B.A. in Art History from Vanderbilt University. | |||
David Mussafer has served as lead director since September 2014 and has been a member of our board since that time and previously from 2005 to 2010. He is chairman and managing partner of Advent International, L.P. which he joined in 1990. Prior to Advent, he worked at Chemical Bank and Adler & Shaykin. Mr. Mussafer has led or co-led more than 37 buyout investments across a range of industries. He currently serves on the board of directors of Olaplex Holdings Inc. He previously served on the boards of directors of several public and private companies, including First Watch Restaurants, Inc. Mr. Mussafer holds a B.S.M., cum laude, from Tulane University and an M.B.A. from the Wharton School at the University of Pennsylvania. | |||
Calvin McDonald was appointed chief executive officer of lululemon and a member of our board of directors in August 2018. Prior to joining lululemon, he served for five years as president and chief executive officer of Sephora Americas, a division of the LVMH group of luxury brands. Before Sephora, Mr. McDonald spent two years as president and chief executive officer of Sears Canada and 17 years at Loblaw Companies Limited, a leading grocery and pharmacy retailer in Canada. He currently serves on the board of directors of The Walt Disney Company. Mr. McDonald holds an MBA from the University of Toronto, and a B.S. from the University of Western Ontario. | |||
Alison Loehnis has been a member of our board of directors since January 2022. She is currently ad-interim CEO and president of Yoox Net-a-Porter (YNAP). Since joining YNAP in 2007, she held multiple leadership roles and was instrumental in launching TheOutnet.com and MrPorter.com. She previously worked at LVMH, Hachette Filipacchi, The Walt Disney Company, and began her career at Saatchi & Saatchi. Ms. Loehnis holds a degree in Art History from Brown University. | |||
Alison Loehnis has been a member of our board of directors since January 2022. She is currently ad-interim CEO and president of Yoox Net-a-Porter (YNAP). Since joining YNAP in 2007, she held multiple leadership roles and was instrumental in launching TheOutnet.com and MrPorter.com. She previously worked at LVMH, Hachette Filipacchi, The Walt Disney Company, and began her career at Saatchi & Saatchi. Ms. Loehnis holds a degree in Art History from Brown University. |
Name and Principal
Position |
Fiscal Year |
Salary
($) |
Bonus
($) |
Stock Awards
($) |
Option Awards
($) |
Non-Equity Incentive Plan Compensation
($) |
All Other Compensation ($)
|
Total
($) |
||||||||||||||||||
Calvin McDonald,
Chief Executive Officer
|
2024 | 1,342,453 | — | 5,499,824 | 5,499,973 | 2,172,089 | 37,577 | 14,551,916 | ||||||||||||||||||
2023 | 1,292,308 | — | 5,000,011 | 4,999,937 | 5,169,231 | 33,290 | 16,494,777 | |||||||||||||||||||
2022 | 1,250,000 | — | 4,999,844 | 4,999,968 | 4,375,000 | 39,025 | 15,663,837 | |||||||||||||||||||
Meghan Frank,
Chief Financial Officer
|
2024 | 814,380 | 2,099,878 | 900,031 | 592,950 | — | 4,407,239 | |||||||||||||||||||
2023 | 738,462 | — | 1,400,132 | 600,018 | 1,329,231 | 23,879 | 4,091,722 | |||||||||||||||||||
2022 | 684,615 | — | 1,050,099 | 450,020 | 1,232,308 | 70,796 | 3,487,838 | |||||||||||||||||||
Celeste Burgoyne,
President, Americas and Global Guest Innovation
|
2024 | 875,472 | — | 2,800,080 | 1,199,960 | 708,257 | 11,456 | 5,595,225 | ||||||||||||||||||
2023 | 842,308 | — | 2,799,906 | 1,200,037 | 1,684,615 | 11,407 | 6,538,273 | |||||||||||||||||||
2022 | 784,615 | — | 2,449,980 | 1,050,046 | 1,569,231 | — | 5,853,872 | |||||||||||||||||||
Nicole Neuburger,
Chief Brand & Product Activation Officer
|
2024 | 761,051 | — | 2,100,332 | 900,026 | 554,121 | 24,800 | 4,340,330 |
Customers
Customer name | Ticker |
---|---|
Abercrombie & Fitch Co. | ANF |
Macy's, Inc. | M |
The Gap, Inc. | GPS |
Kohl's Corporation | KSS |
Nordstrom, Inc. | JWN |
Ross Stores, Inc. | ROST |
The TJX Companies, Inc. | TJX |
No Suppliers Found
Price
Yield
Owner | Position | Direct Shares | Indirect Shares |
---|---|---|---|
MCDONALD CALVIN | - | 89,922 | 0 |
MORFITT MARTHA A M | - | 89,248 | 200 |
MCDONALD CALVIN | - | 73,793 | 0 |
MUSSAFER DAVID M | - | 21,180 | 0 |
MAESTRINI ANDRE | - | 13,248 | 0 |
FRANK MEGHAN | - | 11,045 | 0 |
Choe Michelle Sun | - | 10,064 | 0 |
BURGOYNE CELESTE | - | 9,902 | 0 |
FRANK MEGHAN | - | 8,381 | 0 |
NEUBURGER NICOLE | - | 6,198 | 0 |
NEUBURGER NICOLE | - | 4,701 | 0 |
Choe Michelle Sun | - | 3,892 | 0 |
MAESTRINI ANDRE | - | 2,674 | 0 |
GRANT SHANE | - | 248 | 0 |