Business Context and Reporting Period
This Form 8-K reports on the results of the Levi Strauss & Co. 2025 Annual Meeting of Shareholders held on April 23, 2025. The filing details the voting outcomes for five proposals presented to shareholders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
Shareholders voted on five proposals with the following outcomes:
- Proposal 1 (Director Elections): All four Class III director nominees (Troy Alstead, Robert Eckert, Michelle Gass, David Marberger) were elected. Votes for ranged from approximately 2.74 billion to 2.77 billion, with votes withheld ranging from 9 million to 40 million.
- Proposal 2 (Executive Compensation): Shareholders approved the advisory vote on named executive officer compensation. Votes For: 2,772,266,686; Votes Against: 5,001,835.
- Proposal 3 (Say-on-Pay Frequency): Shareholders approved a one-year frequency for future advisory votes on executive compensation. Votes for 1 Year: 2,766,744,220.
- Proposal 4 (Auditor Ratification): Shareholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending November 30, 2025. Votes For: 2,786,067,550.
- Proposal 5 (Shareholder Proposal on DEI): Shareholders voted against a proposal requesting the Company cease Diversity, Equity, and Inclusion (DEI) efforts. Votes For: 5,671,529; Votes Against: 2,771,499,827.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting results.
Key Facts for Investor Verification
- Confirm the specific terms of the executive compensation plan referenced in Proposal 2 by reviewing the definitive proxy statement filed on March 12, 2025.
- Verify the composition of the Board of Directors following the election of the Class III directors.
- Note the strong shareholder rejection of the proposal to cease DEI efforts, indicating significant support for current diversity initiatives.
- Review the full proxy statement for details on the "Votes Withheld" and "Broker Non-Votes" which totaled 16,504,027 for most proposals.