Levi Strauss & Co. Reports Board Changes and Executive Compensation Updates
Ticker: LEVI · Form: 8-K · Filed: Feb 11, 2025 · CIK: 94845
Sentiment: neutral
Topics: executive-compensation, board-of-directors, governance
Related Tickers: LEVI
TL;DR
Levi's board is shuffling, exec pay is changing. Effective Feb 11.
AI Summary
Levi Strauss & Co. announced on February 11, 2025, changes in its board of directors and executive compensation. The filing details the departure of certain officers and the election of new directors, alongside adjustments to compensatory arrangements for key executives. These changes are effective as of February 11, 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and board positions can indicate internal shifts that may affect company strategy and stability.
Key Players & Entities
- Levi Strauss & Co. (company) — Registrant
- February 11, 2025 (date) — Effective date of reported events
FAQ
Who has departed from Levi Strauss & Co.'s officer positions?
The filing indicates the departure of certain officers, but specific names are not detailed in the provided text.
Were any new directors elected to the board?
Yes, the filing states the election of directors as part of the reported events.
What is the effective date of these changes?
The earliest event reported is effective as of February 11, 2025.
What specific items are covered under the 'Compensatory Arrangements' mentioned?
The filing mentions 'Compensatory Arrangements of Certain Officers' but does not provide specific details on the nature of these arrangements in the provided text.
What is Levi Strauss & Co.'s state of incorporation?
Levi Strauss & Co. is incorporated in Delaware.
Filing Stats: 642 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2025-02-11 16:41:58
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 par value per share LEVI New York S
Filing Documents
- levi-8k_021125.htm (8-K) — 33KB
- ex99-1.htm (EX-99.1) — 12KB
- levi-logo.jpg (GRAPHIC) — 5KB
- 0001839882-25-008405.txt ( ) — 228KB
- levi-20250211.xsd (EX-101.SCH) — 3KB
- levi-20250211_pre.xml (EX-101.PRE) — 22KB
- levi-20250211_lab.xml (EX-101.LAB) — 34KB
- levi-8k_021125_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 11, 2025, Levi Strauss & Co. (the "Company") announced that Liz O'Neill will retire as Executive Vice President and Chief Operations Officer on or about March 1, 2025. From March 1, 2025, until August 1, 2025, Ms. O'Neill will remain employed by and be available for consultation with the Company. During that period, she will continue to be paid at her regular rates of remuneration and will be eligible for continued vesting of her outstanding and unvested equity awards. Subject to Ms. O'Neill's execution and non-revocation of a general release agreement (the "Agreement"), she will be entitled to benefits under the Senior Executive Severance Plan (as may be amended from time to time, the "Plan"). The Plan has previously been filed as exhibits to the Company's filings with the Securities and Exchange Commission.
01
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
Item 9.01 Financial Statement and Exhibits. (d) Exhibits 99.1 Press Release dated February 11, 2025 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: February 11, 2025 By: /s/ Nanci Prado Name: Nanci Prado Title: Deputy General Counsel