SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): January 11, 2001
Levi Strauss & Co.
(Exact name of registrant as specified in its charter)
DELAWARE 333-36234 94-0905160
(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
1155 Battery Street
San Francisco, California 94111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 501-6000
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ITEM 5. Other Events and Regulation FD Disclosure.
On January 10, 2001, Levi Strauss & Co. issued a press release announcing
fourth quarter and fiscal year 2000 financial results. The text of that release
was filed as an exhibit to a Form 8-K dated January 10, 2001, and is included as
an exhibit hereto.
In the press release, certain previously reported financial information for
the fourth quarter and fiscal year 1999 was reclassified to conform to the
fiscal year 2000 financial statement presentation. Licensing income was
reclassified to operating income from other income to better reflect operating
performance. Licensing income was $11.5 million for the fourth quarter of fiscal
year 2000, $8.3 million for the fourth quarter of fiscal year 1999, $32.4
million for fiscal year 2000 and $24.4 million for fiscal year 1999. Long-term
tax liabilities were reclassified to non-current deferred tax assets to more
appropriately classify the timing difference associated with undistributed
foreign earnings as a valuation allowance. Amounts associated with the
restructuring initiatives were reclassified from property, plant and equipment,
net to restructuring reserve liabilities. The reclassified amounts are
considered immaterial to the financial statements.
Previously filed historical financial information for periods prior to
fiscal year 2000 will reflect the foregoing reclassifications when the Company
files its Annual Report on Form 10-K.
Attached hereto as Exhibit 99 is a copy of Levi Strauss & Co.'s press
release dated January 10, 2001 titled "Levi Strauss & Co. Fourth-Quarter and
Fiscal 2000 Financial Results Show Substantial Progress in Business Turnaround."
ITEM 7. EXHIBIT.
99 Press Release dated January 10, 2001.
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SIGNATURE
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.
Date: January 11, 2001
LEVI STRAUSS & CO.
By /s/ William B. Chiasson
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William B. Chiasson
Title: Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Description
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99 Press Release dated January 10, 2001
