Elliott Rodgers resigned as member of the Board of Directors at LEVI STRAUSS & CO.
“On June 10, 2026, Elliott Rodgers, a member of the Board of Directors (the “Board”) of Levi Strauss & Co. (the “Company”), tendered his resignation as a member of the Board, effective June 15, 2026, in connection with his appointment as an executive officer of Kohl’s Corporation.”
Governance Changes
LEVI STRAUSS & CO: Amended Amended and Restated Bylaws to clarify advance notice provisions, update universal proxy rules, update stockholder meeting administration, require indemnitee undertaking, and designate Delaware Court of Chancery as exclusive forum for indemnification claims (effective 2026-04-23).
“On April 23, 2026, the Board of Directors (the “Board”) of Levi Strauss & Co. (the “Company”) approved amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”), which became effective the same day.”
Earnings Releases
LEVI STRAUSS & CO reported the first quarter ended March 1, 2026 results: revenue $1.7 billion, net income $177 million, EPS $0.45. Guidance raised.
“to raise our full-year sales, margins and EPS guidance even as we remain prudent about the external environment.” Financial Highlights for the First Quarter • Net Revenues of $1.7 billion increased 14% on a reported basis and 9% on an organic basis versus Q1 2025. • In the Americas , net revenues increased 9% on a reported basis and increased 7% on an organic”
Lisa Stirling changed role as Vice President, U.S. and Canada Finance at LEVI STRAUSS & CO.
“On April 30, 2025, Levi Strauss & Co. (the “Company”) announced that Lisa Stirling, the Company’s Global Controller and Principal Accounting Officer, will transition to a new role as Vice President, U.S. and Canada Finance in furtherance of her career development.”
Liz O'Neill departed as Executive Vice President and Chief Operations Officer at LEVI STRAUSS & CO.
“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.”
Artemis Patrick was elected as Class I Director at LEVI STRAUSS & CO.
“the Board of Directors (the “Board”) of Levi Strauss & Co. (the “Company”) approved an increase to the size of the Board to 13 directors and elected Artemis Patrick to serve as a Class I member of the Board, both effective February 1, 2025.”
Dan Geballe was elected as Class II member of the Board at LEVI STRAUSS & CO.
“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.”
David Friedman departed as Class II director at LEVI STRAUSS & CO.
“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.”
Tracy Layney departed as Executive Vice President and Chief Human Resources Officer at LEVI STRAUSS & CO.
“Tracy Layney, will cease serving as Executive Vice President and Chief Human Resources Officer on or about October 11, 2024.”
Shareholder Votes
LEVI STRAUSS & CO shareholders rejected Shareholder proposal requesting a corporate financial sustainability report at the 2024-04-24 meeting.
“Shareholders voted against the shareholder proposal requesting a corporate financial sustainability report. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 16,414,614 2,721,204,022 12,681,780 13,735,376”
Shareholder Votes
LEVI STRAUSS & CO shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2024-04-24 meeting.
“Shareholders ratified the selection by the Audit Committee of the Board of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 1, 2024. The voting results were as follows: Votes For Votes Against Abstentions 2,756,229,972 7,674,727 131,093”
Shareholder Votes
LEVI STRAUSS & CO shareholders approved Advisory approval of named executive officer compensation at the 2024-04-24 meeting.
“Shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers as set forth in the Proxy Statement. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 2,515,270,276 24,578,666 210,451,474 13,735,376”
Shareholder Votes
LEVI STRAUSS & CO shareholders approved Election of Class II Directors at the 2024-04-24 meeting.
“Shareholders elected each of the four nominees for Class II directors to serve until the Company’s 2027 Annual Meeting of Shareholders and until his or her respective successor has been duly elected and qualified. The voting results were as follows: Name Votes For Votes Withheld Broker Non-Votes David A. Friedman 2,691,306,111 58,994,305 13,735,376 Yael Garten 2,721,423,694 28,876,722 13,735,376 Jenny Ming 2,681,359,187 68,941,229 13,735,376 Joshua E. Prime 2,738,059,062 12,241,354 13,735,376”
Gianluca Flore was appointed as Executive Vice President – Chief Commercial Officer at LEVI STRAUSS & CO.
“On April 11, 2024, Levi Strauss & Co. (the “Company”) announced the appointment of Gianluca Flore as the Company’s Executive Vice President – Chief Commercial Officer, effective on or about July 29, 2024.”
Earnings Releases
LEVI STRAUSS & CO reported first quarter ended February 25, 2024 results: revenue $1.6 billion, net income Net loss was $11 million, EPS Diluted loss per share was $(0.03). Guidance reaffirmed.
“to return the topline to mid-single-digit growth in the second half of this year and are increasing our full year EPS expectations.” Financial Highlights • Net Revenues of $1.6 billion were 8% lower on both a reported and constant-currency basis versus Q1 2023 primarily due to the shift in wholesale shipments from Q2 to Q1 2023 from the U.S. ERP implementation.”
Earnings Releases
LEVI STRAUSS & CO reported fourth quarter and fiscal year ended November 26, 2023 results: revenue $1.6 billion, EPS $0.32. Guidance initiated.
“and by our global productivity initiative, which gives us clear line of sight to significant annual cost savings.” Financial Highlights for the Fourth-Quarter • Net Revenues of $1.6 billion increased 3% on a reported basis and 2% on a constant-currency basis versus Q4 2022. • DTC (Direct to Consumer) net revenues increased 11% on a reported basis and 10% on a”
David Marberger was elected as Class III Director and Audit Committee Member at LEVI STRAUSS & CO.
“the Board of Directors (the “Board”) of Levi Strauss & Co. (the “Company”) elected David Marberger to serve as a Class III member of the Board”
Patricia Salas Pineda retired as Director at LEVI STRAUSS & CO.
“On December 18, 2023, having reached the mandatory retirement age, Patricia Salas Pineda, a Class III director, retired from the Levi Strauss & Co’s. (the “Company”) Board of Directors (the “Board”).”
Michelle Gass was elected as President and Chief Executive Officer at LEVI STRAUSS & CO.
“the Company’s Board of Directors (the “Board”) has elected Michelle Gass, currently the Company’s President, to succeed Mr. Bergh as President and Chief Executive Officer (“CEO”) effective January 29, 2024”
Charles Bergh was elected as Executive Vice Chair of the Board at LEVI STRAUSS & CO.
“The Board has elected Mr. Bergh as Executive Vice Chair of the Board until the retirement date”
Charles Bergh retired as President and Chief Executive Officer at LEVI STRAUSS & CO.
“Charles (“Chip”) Bergh has decided to retire from the Company as of April 26, 2024”
Earnings Releases
LEVI STRAUSS & CO reported the third quarter ended August 27, 2023 results: revenue $1.5 billion, net income $10. Guidance lowered.
“an initiative to review our operating model and cost structure that should drive agility and material cost savings beginning in 2024.” Financial Highlights • Net Revenues of $1.5 billion were consistent with the prior year on a reported basis and 2% lower on a constant-currency basis versus Q3 2022. • DTC (Direct to Consumer) net revenues increased 14% on a”
Governance Changes
LEVI STRAUSS & CO: Amendments to Amended and Restated Bylaws updating advance notice provisions, reflecting Delaware General Corporation Law changes, and making technical, modernizing and clarifying changes (effective 2023-04-20).
“On April 20, 2023, the Board of Directors (the “Board”) of Levi Strauss & Co. (the “Company”) approved amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”), which became effective the same day.”
Shareholder Votes
LEVI STRAUSS & CO shareholders approved Ratification of independent registered public accounting firm at the 2023-04-19 meeting.
“Proposal 3. Shareholders ratified the selection by the Audit Committee of the Board of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending November 26, 2023. The voting results were as follows: Votes For Votes Against Abstentions 2,834,509,495 8,911,126 68,875”
Shareholder Votes
LEVI STRAUSS & CO shareholders approved Advisory vote on executive compensation (Say-on-Pay) at the 2023-04-19 meeting.
“Proposal 2. Shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers as set forth in the Proxy Statement. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 2,803,677,260 10,794,074 14,683,933 14,334,229”
Shareholder Votes
LEVI STRAUSS & CO shareholders approved Election of Class I Directors at the 2023-04-19 meeting.
“Proposal 1. Shareholders elected each of the four nominees for Class I directors to serve until the Company’s 2026 Annual Meeting of Shareholders and until his or her respective successor has been duly elected and qualified. The voting results were as follows: Name Votes For Votes Withheld Broker Non-Votes Jill Beraud 2,817,110,895 12,044,372 14,334,229 Spencer C. Fleisher 2,817,056,015 12,099,252 14,334,229 Christopher J. McCormick 2,788,661,980 40,493,287 14,334,229 Elliott Rodgers 2,820,014,405 9,140,862 14,334,229”
Earnings Releases
LEVI STRAUSS & CO reported the first quarter ended February 26, 2023 results: revenue $1.7 billion, net income $115 million, EPS $0.29. Guidance reaffirmed.
“Financial Highlights for the First-Quarter • Reported net revenues of $1.7 billion increased 6%, and 9% on a constant-currency basis versus Q1 2022, reflecting strong growth in the Direct-to-Consumer (DTC) channel, up 12%. Total DTC comprised 42% of first quarter net revenues. Net revenues related to the shift in wholesale shipments from Q2 to Q1 primarily due to the U.S. ERP implementation benefited Q1 by approximately $100 million or 6% of net revenues. • Gross margin was 55.8%; Adjusted gross margin was 55.8%, 360 basis points below the record level of 59.4% in Q1 2022 • Operating margin was 9.3% ; Adjusted EBIT margin was 11.0% , down from 14.9% in Q1 2022 • Net income was $115 million; Adjusted net income was $135 million , compared to $189 million in Q1 2022 • Diluted EPS was $0.29; Adjusted diluted EPS was $0.34, including an adverse currency exchange impact of $0.01 • Total inventories increased 33% on a dollar basis over prior year, representing 25 points of sequential improve”
David Jedrzejek was appointed as Senior Vice President and General Counsel at LEVI STRAUSS & CO.
“Upon the effective date of Mr. Jaffe’s retirement, David Jedrzejek will become Senior Vice President and General Counsel of the Company.”
Seth Jaffe departed as Executive Vice President, Chief Legal Officer at LEVI STRAUSS & CO.
“On March 20, 2023, Seth Jaffe, Executive Vice President, Chief Legal Officer of Levi Strauss & Co. (“LS&Co.” or the “Company”), provided notice of his intent to retire from the Company, effective June 2, 2023.”
Earnings Releases
LEVI STRAUSS & CO reported the fiscal year ended November 27, 2022 results: revenue $6.2 billion, net income $569 million, EPS $1.41. Guidance initiated.
“• Reported net revenues of $6.2 billion grew 7% versus FY 2021 and 12% on a constant-currency basis • Gross margin was 57.5%; Adjusted gross margin was 57.6% , 30 basis points below FY 2021 inclusive of approximately 50 basis points of adverse currency impacts, up 380 basis points versus FY 2019 • Operating margin was 10.5%; Adjusted EBIT margin was 11.6% , compared to 12.4% in FY 2021 and 10.6% for FY 2019 • Net income was $569 million; Adjusted net income was $604 million , up from $601 million in FY 2021 • Diluted EPS was $1.41; Adjusted diluted EPS was $1.50 , despite a 12 cent adverse currency impact, and up from $1.47 in FY 2021”
Earnings Releases
LEVI STRAUSS & CO reported the fiscal quarter ended November 27, 2022 results: revenue $1.6 billion, net income $151 million, EPS $0.38. Guidance initiated.
“• Reported net revenues of $1.6 billion contracted 6% compared to Q4 2021, but was flat on a constant-currency basis as strong growth in the direct-to-consumer channel offset a decline in wholesale • Gross margin was 55.8%; Adjusted gross margin was 55.8% , 230 basis points below Q4 2021 inclusive of approximately 100 basis points of adverse currency impacts, however 150 basis points above Q4 2019's pre-pandemic level • Operating margin was 8.6% ; Adjusted EBIT margin was 9.0% , compared to 12.0% in Q4 2021 • Net income was $151 million; Adjusted net income was $137 million , versus $170 million in Q4 2021 • Diluted EPS was $0.38; Adjusted diluted EPS was $0.34 , despite a 4 cent adverse currency impact, compared to $0.41 in Q4 2021”
Seth Ellison departed as Executive Vice President and Chief Commercial Officer at LEVI STRAUSS & CO.
“Seth Ellison, Executive Vice President and Chief Commercial Officer of Levi Strauss & Co. (the “Company”) will be retiring from the Company.”
Debt Financings
LEVI STRAUSS & CO amended credit facility of total commitments increased to $1,000,000,000 with JPMorgan Chase Bank, N.A. at based on SOFR maturing same as Existing Credit Agreement.
“of the Existing Credit Agreement including, among other changes (i) documenting the exercise of the $150,000,000 accordion option to increase the total available commitments to $1,000,000,000 in the aggregate and (ii) providing updates to underlying benchmark language to reflect the transition to a Secured Overnight Financing Rate (SOFR). The amendment to the Company’s”
Material Agreements
LEVI STRAUSS & CO amended Fifth Amendment to Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent valued at $150,000,000 (effective 2022-11-22).
“On November 22, 2022, Levi Strauss & Co. (the “Company”), Levi Strauss & Co. (Canada) Inc. (“LS Canada”) and certain other subsidiaries of the Company, entered into a fifth amendment to its second amended and restated credit agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), JPMorgan Chase Bank, N.A., Toronto Branch, as Multicurrency Administrative Agent (together with the Administrative Agent, the “Agents”), the lenders party thereto, which amends the existing Second Amended and Restated Credit Agreement”
Michelle Gass was appointed as President at LEVI STRAUSS & CO.
“announced the appointment of Michelle Gass as the Company’s President, effective on or about January 2, 2023.”
Jennifer Sey resigned as Executive Vice President and President, Brands at LEVI STRAUSS & CO.
“On February 13, 2022, Jennifer Sey submitted her resignation, effective immediately, from her position as Executive Vice President and President, Brands, of Levi Strauss & Co.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.