--- title: "Levi Strauss & Co. AGM: Alstead Named Chair as Shareholders Reject Sustainability Proposal, CEO Touts Momentum" type: "News" locale: "en" url: "https://longbridge.com/en/news/284122384.md" description: "Levi Strauss & Co. held its 2026 annual meeting virtually, where Troy Alstead was named chair, succeeding Robert Eckert. Shareholders rejected a sustainability proposal while approving the election of three directors and executive compensation. CEO Michelle Gass reported a strong start to 2026, with a 9% rise in organic sales and a focus on direct-to-consumer growth, which is expected to exceed 50% of the business. Gass highlighted marketing initiatives, including a Super Bowl ad and a global campaign featuring BLACKPINK's Rosé." datetime: "2026-04-26T21:01:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284122384.md) - [en](https://longbridge.com/en/news/284122384.md) - [zh-HK](https://longbridge.com/zh-HK/news/284122384.md) --- # Levi Strauss & Co. AGM: Alstead Named Chair as Shareholders Reject Sustainability Proposal, CEO Touts Momentum - Levi Strauss Gains as DTC Continues to Fuel Revenue Growth Levi Strauss & Co. NYSE: LEVI held its 2026 annual meeting of shareholders in a virtual format, featuring board and leadership updates, voting results on four proposals, and a brief business and brand update from President and CEO Michelle Gass. Get **Levi Strauss & Co.** alerts: ## Board changes and leadership transition Chair Robert Eckert opened the meeting by welcoming shareholders and introducing the company’s directors and management team. Eckert also recognized two departures from the board and leadership. - Calvin Klein's Parent May Be the Market's Best Bargain Eckert said director **Chris McCormick** will retire from the board after the meeting, thanking him for his “immense value and service.” Eckert also said he will step down as chair following the meeting and retire later in 2026, calling his 15-year tenure “one of the greatest honors of my career.” Eckert said **Troy Alstead**, who has served on the board for more than 10 years, will become chair. He described Alstead as “a guiding force for the company” and said he has “every confidence” in his ability to lead the board. ## Shareholder meeting procedures and proposals - Levi Strauss May Be a Super Buying Opportunity After the Earnings Dip **David Jedrzejek**, senior vice president and general counsel, reviewed meeting procedures, including that the meeting was recorded and would be available for 30 days, that registered shareholders could submit questions during the first five minutes, and that voting would close after the proposals were presented. He said Broadridge, acting as inspector of elections, confirmed a quorum. Jedrzejek outlined four proposals: - **Election of three Class One directors** to serve until the 2029 annual meeting: Jill Beraud, Artemis Patrick, and Elliott Rodgers. - **Advisory vote on executive compensation** for the company’s named executive officers. - **Ratification of PricewaterhouseCoopers** as independent registered public accounting firm for the fiscal year 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 return on investment report by the audit committee. ## Shareholder proposal on sustainability oversight Jedrzejek recognized **Steve Milloy**, executive director of the Free Enterprise Project at NCPPR, to present the shareholder proposal. Milloy urged shareholders to vote in favor of proposal four, describing it as related to oversight of the company’s “so-called sustainability initiatives.” Milloy criticized the company’s “net zero by 2050” sustainability goal, arguing it was based on what he characterized as “science fraud.” He also said the goal had pushed the company to “boast about buying so-called renewable energy,” which he described as “pointlessly expensive and unreliable.” Milloy further asserted that the company “propagates material falsehoods about sustainability” and warned that “it’s quite illegal for management to issue materially misleading statements.” He concluded by telling shareholders, “Vote yes on proposal number 4.” ## Voting results After Milloy’s remarks, Jedrzejek declared the polls closed and reported preliminary results provided by the inspector of elections: - All three Class One director nominees were elected to three-year terms expiring at the 2029 annual meeting. - The advisory vote approving executive compensation passed. - The appointment of PricewaterhouseCoopers was ratified. - The shareholder proposal did not pass. Jedrzejek said the final tabulation would be included in the meeting minutes and disclosed in a Form 8-K to be filed with the SEC within four business days. ## CEO highlights early 2026 momentum and brand initiatives In the Q&A portion of the meeting, Gass responded to a question about maintaining momentum “given the strong start to 2026.” Gass said the company began 2026 with “real momentum” and “beat expectations across the top and bottom line.” She said first-quarter sales rose **9%** on an organic basis and **14%** on a reported basis, and that results exceeded expectations “across margin and EPS.” Gass said the company’s “intent to become a DTC-first company is playing out this year,” adding that direct-to-consumer would be “more than 50%” of the business. She also said wholesale growth continued alongside DTC growth in the first quarter. She pointed to accelerating category performance in “men’s, women’s, tops, bottoms,” and said the company’s pivot to become a “head-to-toe denim lifestyle retailer” was working. “The brand has never been stronger,” Gass said. Gass highlighted marketing and partnership initiatives, including a presence at the Super Bowl at Levi’s Stadium, the company’s “first Super Bowl ad in 20 years,” and the launch of its global campaign, “Behind Every Original.” She said the campaign included global partnerships and referenced BLACKPINK’s Rosé, noting the company was amplifying that partnership in Asia through a collaboration. She also cited a partnership with COLORSxSTUDIOS focused on emerging artists and noted Levi’s Stadium will be one of the hosts of the World Cup. Gass added the company had “16 quarters of positive comp growth” and said it expects momentum to continue through the rest of 2026 and beyond. In closing remarks, Eckert said the company is making “great progress” in evolving into a “best-in-class denim lifestyle retailer,” and expressed confidence in the company’s long-term strategy under Gass’s leadership and Alstead as chair. He said the company remains committed to “delivering a strong, profitable future for all shareholders.” ## About Levi Strauss & Co. NYSE: LEVI Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories. The company's flagship label, Levi's®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi's, cater to diverse price points and consumer segments. ## Featured Articles - Five stocks we like better than Levi Strauss & Co. _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Levi Strauss & Co. Right Now? Before you consider Levi Strauss & Co., you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Levi Strauss & Co. wasn't on the list. While Levi Strauss & Co. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [LEVI.US](https://longbridge.com/en/quote/LEVI.US.md) - [BR.US](https://longbridge.com/en/quote/BR.US.md) ## Related News & Research - [Assessing Levi Strauss (LEVI) Valuation After Recent Share Price Pullback And DTC Growth Narrative](https://longbridge.com/en/news/286635583.md) - [Levi Strauss & Co. 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