Levi Strauss & Co. AGM: Alstead Named Chair as Shareholders Reject Sustainability Proposal, CEO Touts Momentum

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MarketBeat

Sun, April 26, 2026 astatine 4:01 PM CDT 6 min read

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Troy Alstead volition go seat arsenic Robert Eckert steps down and volition discontinue aboriginal successful 2026, with manager Chris McCormick retiring aft the meeting.
Shareholders re-elected each 3 Class One directors, approved enforcement compensation and ratified PricewaterhouseCoopers, portion the sustainability oversight shareholder connection did not pass.
CEO Michelle Gass said Levi entered 2026 with wide momentum—Q1 income roseate 9% integrated and 14% reported, direct-to-consumer is expected to transcend 50% of the business, and the institution is accelerating marque initiatives including a Super Bowl advertisement and planetary partnerships.
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Levi Strauss & Co. (NYSE:LEVI) held its 2026 yearly gathering of shareholders successful a virtual format, featuring committee and enactment updates, voting results connected 4 proposals, and a little concern and marque update from President and CEO Michelle Gass.

Chair Robert Eckert opened the gathering by welcoming shareholders and introducing the company’s directors and absorption team. Eckert besides recognized 2 departures from the committee and leadership.

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Eckert said manager Chris McCormick volition discontinue from the committee aft the meeting, thanking him for his “immense worth and service.” Eckert besides said helium volition measurement down arsenic seat pursuing the gathering and discontinue aboriginal successful 2026, calling his 15-year tenure “one of the top honors of my career.”

Eckert said Troy Alstead, who has served connected the committee for much than 10 years, volition go chair. He described Alstead arsenic “a guiding unit for the company” and said helium has “every confidence” successful his quality to pb the board.

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David Jedrzejek, elder vice president and wide counsel, reviewed gathering procedures, including that the gathering was recorded and would beryllium disposable for 30 days, that registered shareholders could taxable questions during the archetypal 5 minutes, and that voting would adjacent aft the proposals were presented. He said Broadridge, acting arsenic inspector of elections, confirmed a quorum.

Jedrzejek outlined 4 proposals:

Election of 3 Class One directors to service until the 2029 yearly meeting: Jill Beraud, Artemis Patrick, and Elliott Rodgers.
Advisory ballot connected enforcement compensation for the company’s named enforcement officers.
Ratification of PricewaterhouseCoopers arsenic autarkic registered nationalist accounting steadfast for the fiscal twelvemonth ending Nov. 29, 2026.
A shareholder proposal submitted by the National Center for Public Policy Research (NCPPR) requesting a bylaw amendment related to a sustainability instrumentality connected concern study by the audit committee.