FALSE000009484500000948452024-10-102024-10-10


 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________
FORM 8-K
 _________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 10, 2024
_________________
LEVI STRAUSS & CO.
(Exact name of registrant as specified in its charter)
Delaware 001-06631 94-0905160
(State or Other Jurisdiction of
Incorporation)		 (Commission
File Number)		 (I.R.S. Employer
Identification No.)
1155 Battery Street
San Francisco, California 94111
(Address of principal executive offices) (Zip Code)
(415) 501-6000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
  _________________
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 (See General Instruction A.2. below):
¨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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.001 par value per shareLEVINew York Stock Exchange
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 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

David Friedman, a Class II director, is expected to retire from Levi Strauss & Co.’s (the “Company”) Board of Directors (the “Board”) upon reaching the mandatory retirement age on April 26, 2025. Under the terms of the Company’s corporate governance guidelines, Mr. Friedman will be deemed to have resigned automatically upon reaching the mandatory retirement age. Mr. Friedman has served on the Company’s Board since 2018 and currently serves on the Nominating, Governance and Corporate Citizenship Committee and the Compensation and Human Capital Committee of the Board. Mr. Friedman’s expected retirement is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On October 10, 2024, upon recommendation of its Nominating, Governance and Corporate Citizenship Committee, the Board elected Dan Geballe to serve as a Class II member of the Board, effective upon Mr. Friedman’s retirement. The Company will file an amended Form 8-K to disclose Mr. Geballe’s committee assignments once determined.

As a Class II director, Mr. Geballe will serve as a member of the Board until the Company’s 2027 annual meeting of shareholders and until his successor is elected and qualified, or until his earlier death, resignation, retirement or removal. The Board determined that Mr. Geballe is an “independent” director under the New York Stock Exchange rules.

Mr. Geballe will receive compensation as a non-employee director in accordance with the Company’s non-employee director compensation practices described under the heading “Non-Employee Director Compensation During Fiscal Year 2023” in the Company’s Proxy Statement for its 2024 Annual Meeting, filed with the Securities and Exchange Commission on March 14, 2024.

Mr. Geballe is not a party to any arrangement or understanding with any person pursuant to which he was elected as a director, nor is he a party to any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K.

Mr. Geballe, 41, joined SJF Ventures in 2013 and currently serves as a Managing Director leading investments in early stage companies creating positive social and/or environmental impacts. Prior to SJF Ventures, Mr. Geballe worked for the Corporation for Enterprise Development and Fisher Investments. Mr. Geballe has a Bachelor’s Degree in anthropology and a Master’s Degree in environmental management both from Yale University and an MBA from the Stanford Graduate School of Business. Mr. Geballe serves as Vice President and a member of the Board of Directors of the Levi Strauss Foundation and chairs its Finance Committee.

Mr. Friedman and Mr. Geballe are descendants of the family of our founder, Levi Strauss.

ITEM 7.01Regulation FD Disclosure.
The Company issued the press release attached hereto as Exhibit 99.1 with respect to the matters set forth in Item 5.02 above. The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
ITEM 9.01.Financial Statement and Exhibits
(d) Exhibits
99.1
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
LEVI STRAUSS & CO.
DATE:
October 15, 2024
By:/s/ DAVID JEDRZEJEK
Name:David Jedrzejek
Title:Senior Vice President and General Counsel





Exhibit 99.1
levijpga09.jpg
FOR IMMEDIATE RELEASE 
Investor Contact:  Aida Orphan  Media Contact:  Elizabeth Owen
  Levi Strauss & Co.    Levi Strauss & Co.
  (415) 501-6194    (415) 501-7777
  Investor-relations@levi.com  newsmediarequests@levi.com
LEVI STRAUSS & CO. APPOINTS DAN GEBALLE TO BOARD OF DIRECTORS
SAN FRANCISCO (October 15, 2024) — Levi Strauss & Co. (LS&Co.) (NYSE: LEVI) announced today that its board of directors has elected Daniel Geballe to serve as a member of the board, effective April 26, 2025, which is when current member David Friedman is set to retire from the board upon reaching the mandatory retirement age. Geballe currently serves as a managing director at SJF Ventures, where he leads investments in early-stage companies creating positive social and environmental impacts.
“It’s been a privilege working alongside Dan on the Levi Strauss Foundation board, and I’m honored to welcome him to the LS&Co. board of directors,” said Michelle Gass, CEO and president of LS&Co. “Dan brings extensive experience from his leadership at SJF Ventures and a deep commitment to social and environmental responsibility, making him a strong addition to our board. His expertise will be invaluable as we continue to drive forward the company’s long-term growth while upholding our profits through principles philosophy.”
Prior to SJF Ventures, Geballe worked for The Corporation for Enterprise Development and Fisher Investments. He holds a bachelor’s degree in anthropology and a master’s degree in environmental management, both from Yale University, and an M.B.A. from the Stanford Graduate School of Business. Geballe also serves as Vice President and a member of the Board of Directors of the Levi Strauss Foundation, where he chairs the Finance Committee.
“LS&Co. has a tremendous track record of making an outsized impact on the world by always leading with its values, and I’m proud to join the company’s board,” said Geballe. “I’m eager to work alongside the board and management team to help create the company’s next chapter of sustained, profitable growth.”
About Levi Strauss & Co.
Levi Strauss & Co. is one of the world's largest brand-name apparel companies and a global leader in denim. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's®, Dockers®, Levi Strauss Signature™ and Beyond Yoga® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,200 brand-dedicated stores and shop-in-shops. Levi Strauss & Co.'s reported 2023 net revenues were $6.2 billion. For more information, go to http://levistrauss.com, and for company news and announcements go to http://investors.levistrauss.com.

v3.24.3
Cover
Oct. 10, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 10, 2024
Entity Registrant Name LEVI STRAUSS & CO.
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 94-0905160
Entity Address, Address Line One 1155 Battery Street
Entity Address, City or Town San Francisco
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94111
City Area Code 415
Local Phone Number 501-6000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock, $0.001 par value per share
Entity Emerging Growth Company false
Trading Symbol LEVI
Amendment Flag false
Security Exchange Name NYSE
Entity Central Index Key 0000094845
Entity File Number 001-06631
Levi Strauss (NYSE:LEVI)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Levi Strauss Charts.
Levi Strauss (NYSE:LEVI)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Levi Strauss Charts.