Levi Strauss & Co (LEVI) Proxy Filing summary

Executive summary

• Achieved $6.3 billion in net revenues for FY25, up 7% organically, with record gross margin of 61.7% and adjusted EBIT margin of 11.4%. Returned $363 million to shareholders, a 26% increase over 2024. Strategic focus on direct-to-consumer, wholesale, and category growth improved profitability and operating model.

• Leadership transition: Board Chair Robert Eckert to retire after 15 years, with Troy Alstead to assume Chair role. Four new independent directors added in past three years, enhancing expertise in retail, finance, technology, and governance.

Voting matters and shareholder proposals

• Four proposals: (1) Election of Class I directors (Jill Beraud, Artemis Patrick, Elliott Rodgers); (2) Advisory vote on executive compensation; (3) Ratification of PwC as independent auditor; (4) Shareholder proposal for bylaw amendment on sustainability ROI reporting by Audit Committee (Board recommends AGAINST).

• Shareholders of record as of February 27, 2026, are eligible to vote. Voting available online, by phone, mail, or at the virtual meeting.

Board of directors and corporate governance

• Board consists of 13 members, majority independent, with diverse skills in consumer brands, finance, technology, and sustainability. Board refreshment includes four new independent directors in three years.

• Board committees: Audit, Compensation and Human Capital, Finance, and Nominating, Governance and Corporate Citizenship. All committee members are independent.

• Board leadership is separated from CEO role; independent Chair. Mandatory retirement age of 72 for directors.