Form 8-K
8-K — LEVI STRAUSS & CO
Accession: 0001999371-26-007834
Filed: 2026-04-07
Period: 2026-04-03
CIK: 0000094845
SIC: 2300 (APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — levi-8k_040326.htm (Primary)
EX-99.1 — PRESS RELEASE (ex99-1.htm)
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8-K — CURRENT REPORT
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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): April 3, 2026
_________________
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 class
Trading symbol(s)
Name of each exchange on which registered
Class
A Common Stock, $0.001 par value per share
LEVI
New
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On April
7, 2026, Levi Strauss & Co. (the “Company”) announced that Harmit Singh, the Company’s Executive Vice President
and Chief Financial and Growth Officer, will transition to the role of Special Advisor to the Company. The Company has retained an executive
search firm to identify potential candidates for the Chief Financial Officer role. Until such time as his successor commences in the role
as Chief Financial Officer, but no later than November 30, 2026 (the “Transition Date”), Mr. Singh will continue to serve
as the Company’s Executive Vice President and Chief Financial and Growth Officer.
To facilitate
the transition and enable continuity, the Company and Mr. Singh have entered into a transition and separation agreement dated April 3,
2026 (the “Separation Agreement”) which will allow the Company to leverage Mr. Singh’s long tenure and Company expertise
as Special Advisor beginning on the Transition Date and continuing through November 30, 2026 (such date, the “Separation Date,”
and such period, the “Term”). During the Term, Mr. Singh will provide advisory and transition-related services as may reasonably
be requested by the Company and will continue to receive his current base salary and remain eligible to earn an annual incentive award
for the Company’s 2026 fiscal year, without proration, subject to the terms and conditions of the annual incentive plan.
Upon
the Separation Date, in lieu of receiving severance provided under the Senior Executive Severance Plan, Mr. Singh will be entitled to
receive $3 million in cash severance, which will be payable in installments over 78 weeks, subsidized COBRA continuation coverage for
78 weeks, and certain other benefits and perquisites consistent with those provided to in-service executives through the end of 2027.
All payments
and benefits under the Separation Agreement are subject to Mr. Singh’s execution and non-revocation of a general release agreement.
Mr. Singh’s
transition is not the result of any disagreements with the Company on any matter relating to the Company’s accounting principles
or practices, financial statement disclosures or policies.
The foregoing
summary is qualified in its entirety by reference to the complete text of the Separation Agreement which will be filed with the Company’s
Quarterly Report on Form 10-Q for the quarter ending May 31, 2026.
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 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
Press Release, dated April 7, 2026
104
The 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:
April 7, 2026
By:
/s/ David Jedrzejek
Name:
David Jedrzejek
Title:
Senior Vice President and General Counsel
EX-99.1 — PRESS RELEASE
EX-99.1
Filename: ex99-1.htm · Sequence: 2
LEVI
STRAUSS & CO. 8-K
Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Contact:
Aida Orphan
Media Contact:
Mark Cazares
Levi Strauss & Co.
Levi Strauss & Co.
(415) 501-6194
(415) 501-7777
Investor-Relations@levi.com
NewsMediaRequests@levi.com
Levi Strauss & Co. Announces That After a Planned
Transition, Chief Financial & Growth Officer
Harmit Singh Will Retire
—Company Commences Search, Singh to
Remain Through Transition—
San Francisco, CA – (April 7, 2026) – Levi Strauss &
Co. (LS&Co.) (NYSE: LEVI) today announced that Executive Vice President and Chief Financial & Growth
Officer (CFGO) Harmit Singh will continue in his role as CFGO until a successor is appointed and then transition to serve as Special Advisor, following which he will retire.
The company has initiated a comprehensive search process
with the assistance of a leading executive search firm. Singh will continue to serve as CFGO until a successor is appointed and
will remain for a planned transition as Special Advisor to ensure continuity.
“On behalf of the Board and our employees, I want to thank Harmit
for his significant contributions to Levi Strauss & Co. over the past 13 years,” said Michelle Gass, President and CEO, LS&Co.
“He played an important role in taking the company public, supporting the company’s transformation into
a DTC-first retailer, and strengthening our financial foundation and operating rigor, positioning us for long-term profitable growth. Thanks to the high-caliber finance team he built, we are well-positioned to navigate a seamless
transition. Harmit has been a trusted leader across the organization, and we are grateful for his impact and his ongoing support
as we conduct a thoughtful search for our next CFO.”
“It has been a true privilege to work alongside Michelle and the
executive leadership team as we’ve driven meaningful, transformative growth,” added Singh. “We have successfully evolved
into a more diversified, global, direct-to-consumer business, expanding our addressable market, growing margins and positioning
the business for sustainable growth. I am very proud of what we have accomplished, and I have deep gratitude
for my team and tremendous confidence in the company’s continued momentum. I look forward to supporting a smooth transition to the
company’s next CFO.”
Singh joined LS&Co. in 2013 as Chief Financial Officer, taking responsibility
for the company’s global finance, information technology, M&A, investor relations, strategic sourcing and global
business services functions. In 2023, his role expanded to include Chief Growth Officer, where he helped shape our corporate strategy,
accelerate transformation initiatives and advance several key enablers of our future — including global real estate, franchise expansion and
the development of our Global Talent Hubs. Prior to joining LS&Co., Singh served as Chief Financial Officer at Hyatt Hotels Corporation
and held Division CFO roles at Yum! Restaurants International and Pizza Hut.
About Levi Strauss & Co.
Levi Strauss & Co. (LS&Co.) is one of the world’s largest brand-name
apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men,
women and children under the Levi’s®, Levi Strauss Signature™, and Beyond Yoga® brands. Its products are sold in approximately
120 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately
3,300 retail stores and shop-in-shops. Levi Strauss & Co.’s reported 2025 net revenues were $6.3 billion. For more information,
go to http://levistrauss.com, and for financial news and announcements go to http://investors.levistrauss.com.
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