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): February 6, 2013
LEVI STRAUSS & CO.
(Exact name of registrant as specified in its charter)
DELAWARE | 002-90139 | 94-0905160 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1155 BATTERY STREET
SAN FRANCISCO, CALIFORNIA 94111
(Address of principal executive offices, including zip code)
(415) 501-6000
(Registrants 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 (See General Instruction A.2. below):
¨ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c)) |
ITEM 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On February 6, 2013, the Board of Directors elected Jill Beraud as a new member of the Board, effective immediately. Ms. Beraud will serve as a Class I director and will be compensated on the same terms as the other non-employee directors of the Company.
Since January 2011, Ms. Beraud has been chief executive officer of Living Proof, Inc. a privately-held company that uses advanced medical and materials technologies to create hair care and skin care products for women. Prior to that, Ms. Beraud served as PepsiCo Americas Beverages Chief Marketing Officer and President-Joint Ventures from July 2009 to June 2011, and PepsiCos Global Chief Marketing Officer from December 2008 to July 2009. Before PepsiCo, Ms. Beraud spent 13 years at Limited Brands in various roles, including chief marketing officer of Victorias Secret and executive vice president of marketing for its broader portfolio of specialty brands, including Bath & Body Works, C.O. Bigelow, Express, Henri Bendel, and Limited Stores. Ms. Beraud is also a director of New York & Company, Inc. Ms. Beraud was selected to join the Board due to her extensive marketing and consumer branding experience, as well as her extensive managerial and operational knowledge in the apparel and other consumer goods industries.
There is no understanding or arrangement between Ms. Beraud and any other person or persons with respect to her election as director and there are no family relationships between Ms. Beraud and any other director or executive officer or person nominated or chosen by the Company to become a director or executive officer. Ms. Beraud will be a party to the Companys standard form Director Indemnification Agreement. There have been no transactions, nor are there any currently proposed transactions, to which the Company was or is to be a party in which Ms. Beraud or any member of her immediate family had, or will have, a direct or indirect material interest.
A copy of the press release announcing the election of Ms. Beraud is attached as Exhibit 99.1 hereto.
(e) Kevin Wilson, the Companys Vice President, Finance, Americas Commercial Operations, and former Interim Chief Financial Officer, was awarded a revised Annual Incentive Award payment in the amount of $181,754 in connection with the performance of his services during the 2012 fiscal year. Also Aaron Boey, former Executive Vice President and President, Global Denizen® Brand, will receive a total Annual Incentive Award payment in the amount of $70,997 in connection with the performance of his services during the 2012 fiscal year. These awards are an update to the information previously reported on the Companys Annual Report on Form 10-K for the year ended November 25, 2012.
ITEM 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
99.1 | Press release, dated February 12, 2013, announcing the election of Jill Beraud to the Board. |
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: February 12, 2013 | By: | /s/ Heidi L. Manes | ||
Name: | Heidi L. Manes | |||
Title: | Vice President and Controller |
EXHIBIT INDEX
Exhibit Number | Description | |
99.1 | Press release, dated February 12, 2013, announcing the election of Jill Beraud to the Board. |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Contact: | Chris Ogle | Media Contact: | Kris Marubio | |||
Levi Strauss & Co. | Levi Strauss & Co. | |||||
(800) 438-0349 | (415) 501-6709 | |||||
Investor-relations@levi.com | kmarubio@levi.com |
LEVI STRAUSS & CO. APPOINTS JILL BERAUD TO BOARD OF DIRECTORS
SAN FRANCISCO (February 12, 2013)Levi Strauss & Co. (LS&Co.) announced today that it has elected Jill Beraud to its Board of Directors effective immediately. She is chief executive officer of Living Proof, the innovative beauty company that utilizes advanced scientific technologies originating from MIT and, most recently, added Jennifer Aniston as co-owner and hair care spokesperson.
Jill Beraud is a highly respected leader of multi-billion dollar iconic brands in fashion, beauty and consumer products, said Stephen C. Neal, Chairman of the Board of Levi Strauss & Co. Her global marketing experience and fierce creativity will be invaluable to both our Board and the company as we continue on a course to connect with consumers around the world in new and interesting ways.
Before joining Living Proof, Ms. Beraud was president of the Starbucks/Lipton Joint Ventures and global chief marketing officer at PepsiCo, where she was responsible for developing brand and marketing strategies for PepsiCos $60 billion portfolio of food and beverage brands. In addition, she serves on the Board of Directors for retailer New York & Company, Inc.
Previously, Jill spent 13 years at Limited Brands as chief marketing officer of Victorias Secret and executive vice president of marketing for its broader portfolio of specialty brands, including Bath & Body Works, C.O. Bigelow, Express, Henri Bendel, and Limited Stores. She began her career at Procter & Gamble.
Im honored to join the board of such an iconic, beloved global brand. Levi Strauss & Co. not only created the denim category in America but helped define what was culturally cool and aspirational to many generations around the world. Ive also admired the companys commitment to blending style and sustainability, said Ms. Beraud. I look forward to using my global business and brand-building expertise to help the management team continue to elevate the Levis® and Dockers® brands worldwide while driving long-term profitable growth and shareholder value.
About Levi Strauss & Co.
Levi Strauss & Co. is one of the worlds largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levis®, Dockers®, Signature by Levi Strauss & Co., and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 2,300 franchised and company-operated stores. Levi Strauss & Co.s reported fiscal 2012 net revenues were $4.6 billion. For more information, go to http://levistrauss.com.
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