LEVI STRAUSS & CO 8-K

What Happened Levi Strauss & Co. announced on April 7, 2026 that Harmit Singh, currently Executive Vice President and Chief Financial and Growth Officer, will transition to the role of Special Advisor. The company has retained an executive search firm to identify candidates for the Chief Financial Officer role. Mr. Singh will continue in his current role until his successor starts, but no later than November 30, 2026.

Key Details

• Separation Agreement dated April 3, 2026 governs the transition and advisory arrangement; full agreement will be filed with the Company’s Form 10-Q for the quarter ending May 31, 2026.
• Through the transition term, Mr. Singh will keep his current base salary and remain eligible for the Company’s 2026 annual incentive award without proration.
• Upon the Separation Date (no later than Nov 30, 2026), Mr. Singh will receive $3.0 million in cash severance payable in installments over 78 weeks, plus subsidized COBRA coverage for 78 weeks and certain other benefits through the end of 2027.
• All payments and benefits are conditioned on Mr. Singh’s execution and non-revocation of a general release. The company says the transition is not due to any disagreement over accounting or financial reporting.

Why It Matters This filing signals a planned CFO transition at Levi Strauss with defined financial terms, continuity pay and an active search for a successor. Investors should note potential near-term continuity in financial leadership (Mr. Singh remains in role until a successor is in place or Nov 30, 2026) and the one-time cash/separation expense ($3M) and related benefit obligations disclosed in the agreement. The company also filed a press release (Exhibit 99.1) on April 7, 2026 with this announcement.