-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LR8nnQ0zPQ9zokwGWLw1rPbNzI0WaYoJgFtrwvYtcWlA6YPCDm7Y/zYzv2OEmg1Z 88fbNniq5urlzclgJJwWhA== 0001193125-03-054192.txt : 20030925 0001193125-03-054192.hdr.sgml : 20030925 20030925172101 ACCESSION NUMBER: 0001193125-03-054192 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEVI STRAUSS & CO CENTRAL INDEX KEY: 0000094845 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 940905160 STATE OF INCORPORATION: DE FISCAL YEAR END: 1124 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-90139 FILM NUMBER: 03910661 BUSINESS ADDRESS: STREET 1: 1155 BATTERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4155446000 MAIL ADDRESS: STREET 1: 1155 BATTERY STREET CITY: SAN FRAINCISCO STATE: CA ZIP: 94111 8-K 1 d8k.htm FORM 8-K DATED SEPTEMBER 25, 2003 Form 8-K dated September 25, 2003

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

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): September 25, 2003

 


 

LEVI STRAUSS & CO.

(Exact Name of Registrant as Specified in its Charter)

 

DELAWARE   333-36234   94-0905160

(State or Other

Jurisdiction of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

1155 BATTERY STREET

SAN FRANCISCO, CALIFORNIA 94111

(Addresses, including zip code, and telephone numbers, including area code, of principal executive offices)

 

(415) 501-6000

(Registrant’s telephone number, including area code)

 



ITEM 5.   OTHER EVENTS AND REGULATION FD DISCLOSURE

 

Attached hereto as Exhibit 99.1 is a copy of Levi Strauss & Co.’s press release dated September 25, 2003 titled “Levi Strauss & Co. To Close Its North American Manufacturing & Finishing Plants; Company plans to offer comprehensive transition assistance for employees and community”.

 

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

 

(c)   Exhibits

 

99.1   Press release of Levi Strauss & Co. dated September 25, 2003.


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       

LEVI STRAUSS & CO.

DATE: September 25, 2003       By:  

  /s/    WILLIAM B. CHIASSON


           

Name:

  William B. Chiasson
           

Title:

  Senior Vice President and Chief Financial Officer


EXHIBIT INDEX

 

Exhibit Number

  

Description


99.1

   Press release of Levi Strauss & Co. dated September 25, 2003.
EX-99.1 3 dex991.htm PRESS RELEASE Press Release
[LOGO]   1155 Battery Street, San Francisco, CA 94111

 

Media Contact in San Antonio: Kati Otto — 415-385-8470

Spanish-Language Media Contact in San Antonio: Sarah Lora — 214-437-3435

Media Contact LS&CO. Headquarters: Linda Butler — 415-501-3317

 

For Immediate Release

 

LEVI STRAUSS & CO. TO CLOSE ITS

NORTH AMERICAN MANUFACTURING & FINISHING PLANTS

 

Company plans to offer comprehensive transition assistance

for employees and community

 

SAN FRANCISCO (Sept. 25, 2003) – Levi Strauss & Co. (LS&CO.) today announced that it will close its remaining manufacturing and finishing plants in North America as part of the shift away from owned-and-operated manufacturing that the company began several years ago.

 

The company plans to close its sewing and finishing operations in San Antonio by year-end, displacing approximately 800 workers. Its three Canadian facilities – two sewing plants in Edmonton, Alberta and Stoney Creek, Ontario, and a finishing center in Brantford, Ontario – are expected to close in March 2004, displacing approximately 1,180 employees.

 

“Regrettably, these closures will affect workers who have done a tremendous job for the company over the years,” said chief executive officer Phil Marineau. “We understand the impact this change will have on them, their families and communities. As we have done in the past, our intent is to provide a comprehensive separation package for employees, along with support for the local communities through philanthropic grants.

 

“We’re in a highly competitive industry where few apparel brands own and operate manufacturing facilities in North America. In fact, we are one of the last companies to do so,” said Marineau. “In order to remain competitive, we need to focus our resources on product design and development, sales and marketing and our retail customer relationships.”

 

-more-


LS&CO./Add One

September 25, 2003

 

The company intends to offer a comprehensive separation package to help employees transition successfully to new opportunities. The details of the separation packages for both Canadian and U.S. employees will be determined through upcoming discussions with the unions.

 

“The Levi Strauss Foundation intends to partner with government agencies and community organizations to leverage our resources collaboratively to address the unique needs of the local displaced workers,” said Theresa Fay-Bustillos, executive director of the Levi Strauss Foundation and vice president of community affairs for LS&CO. “We have established a Community Transition Fund to provide grants that will help strengthen the economic base in San Antonio and affected Canadian communities and help employees gain access to a wide array of economic and educational opportunities.”

 

Production from the San Antonio and Canadian facilities will be shifted to LS&CO.’s global sourcing network, in adherence with the company’s comprehensive code of conduct. As the first multinational company to develop a code of conduct, LS&CO. is committed to ensuring that individuals making its products anywhere in the world do so in safe and healthy working conditions and are treated with dignity and respect.

 

Levi Strauss & Co. is one of the world’s leading branded apparel companies, marketing its products in more than 100 countries worldwide. The company designs and markets jeans and jeans-related pants, casual and dress pants, shirts, jackets and related accessories for men, women and children under the Levi’s®, Dockers® and Levi Strauss Signature brands.

 

This news release contains, in addition to historical information, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements on our current assumptions, expectations and projections about future events. We use words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Investors should consider the information contained in our filings with the U.S. Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the fiscal year ended 2002, especially in the Risk Factors and Management’s Discussion and Analysis sections, our most recent Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this news release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this news release. We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this news release to reflect circumstances existing after the date of this news release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.

 

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