Annual Meeting of Stockholders - LEVI STRAUSS & CO

Financial Performance:

• No specific financial metrics (revenue, earnings, margins, cash flow) were discussed as the transcript documents an Annual Meeting of Stockholders, not a quarterly earnings call.
• Total common stock outstanding recorded on the record date (August 21, 2026) was 246,702,047 shares.
• KPMG LLP is confirmed as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

Guidance and Future Outlook:

• No forward financial guidance or operational outlook statements were provided; the meeting focused on corporate governance and voting matters.
• Forward-looking statements were noted as potentially material, referencing risks detailed in recent 10-K and 10-Q filings.

Business Segments and Product Lines:

• No discussion regarding specific business segments, product launches, or customer agreements took place during this call.

Market and Competitive Landscape:

• No analysis of market trends, competitive positioning, or market share was presented.

Risks and Challenges:

• Management warned that actual results could differ materially from forward-looking statements due to risks outlined in the company's most recent SEC filings (10-K, 10-Q) and press releases.
• The meeting adhered to Regulation FD, with management noting that material non-public information would not be disclosed in this forum.

Management Commentary and Tone:

• The tone was procedural and administrative, focused on conducting the voting agenda of the annual meeting.
• John Belisere (CEO) opened the meeting, with Michael Peachy (CFO) acting as chairman, and the meeting proceeded through standard governance proposals.

Analyst Questions and Answers:

• There were no analyst questions or Q&A sessions; the call consisted solely of corporate officer statements and voting procedures.

Other Key Points:

• Directors Elected: William Hazlitt, Michael Toporek, and Daniel Golding were elected as Class III directors for three-year terms expiring in 2029.
• Charter Amendment: Shareholders approved amending Articles of Incorporation to increase authorized common stock from 375 million to 1.0 billion shares.
• Executive Compensation: Shareholders approved an advisory "Say-on-Pay" resolution for named executive officers.
• Auditor Ratification: KPMG LLP was ratified as the independent auditor for fiscal year 2026.
• Equity Issuance: Shareholders approved the potential issuance of up to 20% of outstanding shares to comply with NASDAQ Listing Rule 5635D, pursuant to a standby equity purchase agreement with YA2PN Limited dated March 24, 2026.
• Adjournment Authority: Approval was granted to adjourn the meeting if votes were insufficient for the other proposals.
• Voting Results: All six proposals were approved by a majority of votes cast (directors elected by plurality).
• Reporting: Final voting results will be filed in the minute book and reported on a Form 8-K within four business days.