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Earnings Call Transcripts·

ANNUAL MEETING OF STOCKHOLDERS - LEVI STRAUSS & CO

  • Financial Performance:

    • No financial performance data (revenue, earnings, cash flow, margins, etc.) is disclosed in the transcript, as the event is an annual stockholder meeting rather than an earnings release.
    • The meeting confirms the fiscal year end of December 31, 2026, and the engagement of Kohn Resnick, LLP as the independent registered public accounting firm for that period.
    • Voting results indicate a quorum of 2,890,899 shares (52.8% of outstanding common stock) was present.
  • Guidance and Future Outlook:

    • No forward-looking guidance regarding future growth, market trends, or long-term goals was provided, as the transcript is restricted to corporate governance and voting matters.
    • Management included standard forward-looking statement disclaimers referencing risks detailed in recent 10-K and 10-Q filings.
  • Business Segments and Product Lines:

    • No details regarding specific business segments, product lines, new product launches, or customer agreements were discussed.
    • The meeting agenda was confined strictly to the election of directors and the ratification of auditors.
  • Market and Competitive Landscape:

    • No information regarding market trends, competition, or market share was mentioned.
    • Management emphasized that the meeting is not a public forum for SEC Regulation FD, precluding the release of material non-public information about market conditions.
  • Risks and Challenges:

    • No specific business risks or operational challenges were detailed; management referred stockholders to the company's most recent 10-K and 10-Q filings for risk disclosures.
    • Compliance requirements for stockholder proposals were noted, stating that no business items were submitted in advance by stockholders.
  • Management Commentary and Tone:

    • The tone was procedural and administrative, focused on facilitating the formal governance of the company.
    • Executive Chairman Bob DeLucia and CEO Dave Lucci facilitated the meeting, with no substantive commentary on business operations provided.
  • Analyst Questions and Answers:

    • The Q&A session resulted in zero questions; CFO Rob Schauer reported that no questions were submitted in the queue via the web portal.
    • Consequently, there were no answers or further management comments following the adjournment of the formal meeting.
  • Other Key Points:

    • Two Class II directors were elected: David Lucci (1,187,323 votes for, 73,804 withheld) and Dr. Jack Dean (1,203,310 votes for, 57,817 withheld).
    • The appointment of Kohn Resnick, LLP as the independent auditor was ratified (2,877,193 votes for, 8,473 against, 5,233 abstained).
    • The meeting was conducted virtually to ensure inclusivity, with 2026 as the relevant year for the annual meeting and 2027 noted for the record date of future notices in the transcript text (likely a transcription artifact given the "2026 annual meeting" context).
Company
LEVI STRAUSS & CO
Keywords
LEVI STRAUSS & CO