KKR Acquisition I : Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (Form 8-K)

Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 10, 2021, the board of directors (the 'Board') of KKR Acquisition Holdings I Corp. (the 'Company') increased the size of the Board from four to five directors and appointed Meghan Frank as an independent director, effective immediately. Ms. Frank will serve as a Class II director whose term will expire at the Company's 2023 annual meeting of stockholders. In addition, the Board appointed Ms. Frank to serve on the Company's audit committee, compensation committee and nominating and corporate governance committee. Following Ms. Frank's appointment and related changes to committee composition, the audit committee consists of Kimberly Ross (chair), Glenn Murphy and Ms. Frank; the compensation committee consists of Mses. Ross (chair), Frank and Roberts and Mr. Murphy; and the nominating committee consists of Mr. Murphy (chair), Paul Raether and Mses. Frank and Ross.

Ms. Frank has served as the chief financial officer of lululemon athletica inc. since November 2020. She joined lululemon in 2016 as the senior vice president, financial planning and analysis, and is now responsible for leading the 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 earned her Bachelor of Arts degree from Colgate University.

In connection with Ms. Frank's appointment to the Board, KKR Acquisition Sponsor I LLC, the sponsor of the Company, assigned 25,000 shares of the Company's Class A common stock to Ms. Frank without consideration. Ms. Frank will not receive any other compensation for serving as a director of the Company, consistent with the Company's standard policy.

The Board has determined that Ms. Frank qualifies as an independent director under the corporate governance standards of the New York Stock Exchange. Ms. Frank was not appointed to the Board pursuant to any arrangement or understanding with any other person. Ms. Frank has no family relationship with any of our directors or executive officers. There have been no transactions regarding Ms. Frank that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.