LEVI Levi Strauss & Co - 8-K

ITEM 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

On April
7, 2026, Levi Strauss & Co. (the “Company”) announced that Harmit Singh, the Company’s Executive Vice President
and Chief Financial and Growth Officer, will transition to the role of Special Advisor to the Company. The Company has retained an executive
search firm to identify potential candidates for the Chief Financial Officer role. Until such time as his successor commences in the role
as Chief Financial Officer, but no later than November 30, 2026 (the “Transition Date”), Mr. Singh will continue to serve
as the Company’s Executive Vice President and Chief Financial and Growth Officer.

To facilitate
the transition and enable continuity, the Company and Mr. Singh have entered into a transition and separation agreement dated April 3,
2026 (the “Separation Agreement”) which will allow the Company to leverage Mr. Singh’s long tenure and Company expertise
as Special Advisor beginning on the Transition Date and continuing through November 30, 2026 (such date, the “Separation Date,”
and such period, the “Term”). During the Term, Mr. Singh will provide advisory and transition-related services as may reasonably
be requested by the Company and will continue to receive his current base salary and remain eligible to earn an annual incentive award
for the Company’s 2026 fiscal year, without proration, subject to the terms and conditions of the annual incentive plan.

Upon
the Separation Date, in lieu of receiving severance provided under the Senior Executive Severance Plan, Mr. Singh will be entitled to
receive $3 million in cash severance, which will be payable in installments over 78 weeks, subsidized COBRA continuation coverage for
78 weeks, and certain other benefits and perquisites consistent with those provided to in-service executives through the end of 2027.

All payments
and benefits under the Separation Agreement are subject to Mr. Singh’s execution and non-revocation of a general release agreement.

Mr. Singh’s
transition is not the result of any disagreements with the Company on any matter relating to the Company’s accounting principles
or practices, financial statement disclosures or policies.

The foregoing
summary is qualified in its entirety by reference to the complete text of the Separation Agreement which will be filed with the Company’s
Quarterly Report on Form 10-Q for the quarter ending May 31, 2026.

ITEM 7.01

Regulation FD Disclosure

The Company issued the press
release attached hereto as Exhibit 99.1 with respect to the matters set forth in Item 5.02 above. The information in Item 7.01 of this
Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall
not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except
as otherwise expressly stated in such filing.

ITEM 9.01

Financial Statement and Exhibits.

(d)

Exhibits

99.1

Press Release, dated April 7, 2026

104

The cover page from this Current Report on Form 8-K, formatted in Inline XBRL