Levi Strauss Adds Two Directors, Discloses Executive Pay

TL;DR

Levi Strauss adds two new board members, Gass and Bergman, effective April 11, 2024.

AI Summary

Levi Strauss & Co. announced on April 11, 2024, the election of two new directors, Michelle L. Gass and David L. Bergman, to its Board of Directors, effective immediately. The company also disclosed compensatory arrangements for its named executive officers, though specific details of these arrangements were not provided in this filing.

Why It Matters

The addition of new directors can signal strategic shifts or a response to evolving market conditions for Levi Strauss & Co.

Risk Assessment

Risk Level: low — This filing primarily concerns board appointments and executive compensation disclosures, which are routine corporate governance events.

Key Players & Entities

• Levi Strauss & Co. (company) — Registrant
• Michelle L. Gass (person) — Newly elected director
• David L. Bergman (person) — Newly elected director
• April 11, 2024 (date) — Effective date of director appointments

FAQ

Key Financial Figures

• $0.001 — which registered Class A Common Stock, $0.001 par value per share LEVI New York Stock
• $1,000,000 — otice. He will receive a base salary of $1,000,000 per year, participate in the Company's
• $2,250,000 — grants will have an aggregate value of $2,250,000 and consist of (a) restricted stock uni
• $562,500 — ur-year ratable vesting with a value of $562,500, (b) stock appreciation rights ("SARs")
• $1,125,000 — sults against the goals with a value of $1,125,000. Mr. Flore will also receive a one-time
• $1,350,000 — lso receive a one-time signing bonus of $1,350,000 and a one-time sign-on RSU grant with a
• $2,000,000 — -time sign-on RSU grant with a value of $2,000,000 that vests in two equal installments at

Filing Documents

• levi-20240411.htm (8-K) — 37KB
• gianlucaflore_offerletterx.htm (EX-10.1) — 31KB
• form8-kapril112024xexhibit.htm (EX-99.1) — 13KB
• image_0a.jpg (GRAPHIC) — 51KB
• levijpga09.jpg (GRAPHIC) — 6KB
• 0000094845-24-000030.txt ( ) — 293KB
• levi-20240411.xsd (EX-101.SCH) — 2KB
• levi-20240411_lab.xml (EX-101.LAB) — 21KB
• levi-20240411_pre.xml (EX-101.PRE) — 12KB
• levi-20240411_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

ITEM 7.01 Regulation 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 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.

01. Financial Statement and Exhibits

ITEM 9.01. Financial Statement and Exhibits (d) Exhibits 10.1 Employment Offer Letter between Levi Strauss & Co. and Gianluca Flore 99.1 Press Release dated April 11, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

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: April 11, 2024 By: /s/ DAVID JEDRZEJEK Name: David Jedrzejek Title: Senior Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR