secwatch.observer — SEC 8-K summary
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Issuer:     LEVI STRAUSS & CO (LEVI)
CIK:        0000094845
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0000094845-23-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Michelle Gass to become Levi Strauss CEO on Jan 29, 2024; Bergh to retire April 26, 2024
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- Chip Bergh to retire as President & CEO effective April 26, 2024; will serve as Executive Vice Chair until then, then Senior Advisor through FY2024.
- Michelle Gass, currently President, elected to succeed Bergh as President & CEO effective January 29, 2024, completing the two-year succession plan announced Nov 8, 2022.
- Bergh will receive a $1M consulting fee as Senior Advisor and $200K/year admin support for 4 years; existing equity awards vest under retirement treatment.
- Gass will continue current base salary and target annual incentive; future compensation determined by board in ordinary course.
- No material transactions or family relationships with Gass; transition plan executed with board approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94845/000009484523000056/0000094845-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94845/000009484523000056/levi-20231207.htm
  HTML page:      https://secwatch.observer/filing/0000094845-23-000056

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