SECURITIES AND EXCHANGE COMMISSION
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): February 5, 2007
LEVI STRAUSS & CO.
(Exact name of registrant as specified in its charter)
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Delaware
(State or Other jurisdiction
of Incorporation)
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002-90139
(Commission File Number)
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94-0905160
(I.R.S. Employer
Identification No.) |
1155 BATTERY STREET
SAN FRANCISCO, CALIFORNIA 94111
(Address of principal executive offices, including zip code)
(415) 501-6000
(Registrant’s telephone number, including area code)
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:
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM 4.01 Changes in Registrant’s Certifying Accountant
(a) Dismissal of previous principal independent accountants:
On February 5, 2007, KPMG LLP was dismissed as principal independent accountants for Levi
Strauss & Co. (the “Company”) effective upon the completion of the audit of the Company’s financial
statements as of and for the fiscal year ended November 26, 2006
and the issuance of KPMG LLP’s report
thereon.
The
decision to change principal independent accountants was approved by
the audit committee of our board
of directors.
The
audit reports of KPMG LLP on the consolidated financial statements of Levi Strauss & Co.
and subsidiaries as of and for the years ended November 27, 2005 and November 28, 2004 did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles.
During the two fiscal years ended November 27, 2005, and the subsequent interim period through
February 5, 2007, there were no disagreements with KPMG LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedures, which disagreements
if not resolved to the satisfaction of KPMG LLP would have caused them to make reference in
connection with their opinion to the subject matter of the disagreement.
During the two fiscal years ended November 27, 2005, and the subsequent interim period through
February 5, 2007, there were no “reportable events” (as defined in Regulation S-K Item
304(a)(1)(v)).
A letter from KPMG LLP is attached as Exhibit 99.1 to this Form 8-K.
(b)
Engagement of new principal independent accountants:
On February 9, 2007, we engaged PricewaterhouseCoopers LLP as our new principal independent accountants. During our 2005 and 2004 fiscal years and the subsequent interim period
through February 9, 2007, we did not consult with PricewaterhouseCoopers LLP regarding either:
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(i) the application of accounting principles to a specified transaction, either completed
or proposed, or the type of audit opinion that might be rendered on our financial
statements, nor did PricewaterhouseCoopers LLP provide written or oral advice to us that
PricewaterhouseCoopers LLP concluded was an important factor considered by us in reaching a
decision as to the accounting, auditing or financial reporting issue; or |
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(ii) any matter that was either the subject of a “disagreement” (as defined in Regulation
S-K Item 304(a)(1)(iv) and the related instructions), or a “reportable event” (as defined in
Item 304(a)(1)(v) of Regulation S-K). |