Company research
Lifeway Foods, Inc.
CIK 814586Updated Nov 14, 2026
SecurityLWAY · NASDAQ · equity
Name history
LIFEWAY FOODS INC · through Aug 15, 2018
LWAY price & chart
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NASDAQ:LWAY on TradingView ↗About the company
Lifeway Foods, Inc., which has been recognized as one of America’s Growth Leaders by TIME, as Dairy Foods’ Processor of the Year 2025 and one of Forbes’ Best Small Companies, is America’s leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the Company also produces a variety of cheeses and a ProBugs® line for kids. Lifeway’s tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, South Africa, United Arab Emirates, and France. Learn how Lifeway is good for more than just you at lifewayfoods.com.
In the news
EDWARD SMOLYANSKY, A LIFEWAY SHAREHOLDER, RELEASES KEY DEPOSITION INSIGHTS, CALLS FOR WITHHOLD VOTE ON LEGACY DIRECTORS DORRI McWHORTER, JULIE SMOLYANSKY, AND JASON SCHER News provided by Edward and Ludmila Smolyansky Dec 15, 2025, 14:40 ET Share this article Share to X Share this article Share to X ↗
Edward Smolyansky Files Definitive Proxy Statement toward Achieving Further Board Change and a New Beginning for Lifeway Foods, Inc. (NASDAQ: LWAY) News provided by Edward and Ludmila Smolyansky Dec 05, 2025, 14:50 ET Share this article Share to X Share this article Share to X Letter Urges Sharehold ↗
Recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 109,526,000Source | 91,309,000Source | 132,399,000Source | 98,267,000Source | 84,943,000Source | 120,505,000Source | 93,667,000Source | 82,751,000Source | 105,610,000Source | 90,547,000Source | 81,654,000Source | 68,999,000Source |
| Property, Plant and Equipment, NetUSD | 36,423,000Source | 26,310,000Source | 65,596,000Source | 30,731,000Source | 25,276,000Source | 57,844,000Source | 28,112,000Source | 24,627,000Source | 48,282,000Source | 26,862,000Source | 22,764,000Source | 20,905,000Source |
| GoodwillUSD | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,953,000Source | 6,493,000Source | 5,548,000Source | 6,088,000Source | 6,628,000Source | 5,683,000Source | 6,223,000Source | 6,763,000Source | 5,818,000Source | 6,358,000Source | 6,898,000Source | 7,438,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 22,990,000Source | 20,558,000Source | 7,087,000Source | 21,220,000Source | 14,633,000Source | 5,604,000Source | 19,446,000Source | 12,025,000Source | 5,571,000Source | 16,728,000Source | 13,198,000Source | 4,444,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 17,421,000Source | 13,495,000Source | 22,861,000Source | 16,065,000Source | 14,526,000Source | 22,985,000Source | 16,684,000Source | 15,064,000Source | 16,643,000Source | 15,424,000Source | 13,875,000Source | 11,414,000Source |
| Inventory, NetUSD | 11,057,000Source | 8,441,000Source | 13,987,000Source | 10,224,000Source | 8,454,000Source | 11,452,000Source | 9,241,000Source | 8,130,000Source | 11,890,000Source | 8,678,000Source | 9,104,000Source | 9,631,000Source |
| Assets, CurrentUSD | 53,806,000Source | 44,766,000Source | 47,189,000Source | 49,331,000Source | 39,281,000Source | 42,670,000Source | 47,378,000Source | 37,585,000Source | 37,056,000Source | 43,605,000Source | 38,196,000Source | 26,978,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,204,000Source | 1,893,000Source | 2,526,000Source | 1,822,000Source | 1,488,000Source | 2,588,000Source | 2,007,000Source | 1,988,000Source | 2,627,000Source | 2,144,000Source | 2,019,000Source | 1,445,000Source |
| Operating Lease, Right-of-Use AssetUSD | 358,000Source | 136,000Source | 521,000Source | 278,000Source | 154,000Source | 553,000Source | 109,000Source | 172,000Source | 465,000Source | 118,000Source | 192,000Source | 174,000Source |
| Other Assets, NoncurrentUSD | — | — | — | — | — | — | — | — | — | 1,800,000Source | 1,800,000Source | 1,800,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 26,762,000Source | 19,786,000Source | 47,825,000Source | 19,571,000Source | 16,946,000Source | 30,183,000Source | 19,499,000Source | 19,216,000Source | 19,791,000Source | 18,636,000Source | 21,218,000Source | 21,429,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source | 6,509,000Source |
| Additional Paid in CapitalUSD | 3,348,000Source | 5,915,000Source | 1,800,000Source | 2,844,000Source | 5,532,000Source | 3,347,000Source | 2,680,000Source | 5,498,000Source | 3,843,000Source | 4,632,000Source | 4,825,000Source | 3,624,000Source |
| Retained Earnings (Accumulated Deficit)USD | 86,140,000Source | 74,982,000Source | 93,482,000Source | 82,611,000Source | 72,006,000Source | 93,355,000Source | 78,362,000Source | 68,223,000Source | 88,681,000Source | 74,822,000Source | 65,797,000Source | 54,430,000Source |
| Stockholders' Equity Attributable to ParentUSD | 82,764,000Source | 71,523,000Source | 84,574,000Source | 78,696,000Source | 67,997,000Source | 90,322,000Source | 74,168,000Source | 63,535,000Source | 85,819,000Source | 71,911,000Source | 60,436,000Source | 47,570,000Source |
| Liabilities and EquityUSD | 109,526,000Source | 91,309,000Source | 132,399,000Source | 98,267,000Source | 84,943,000Source | 120,505,000Source | 93,667,000Source | 82,751,000Source | 105,610,000Source | 90,547,000Source | 81,654,000Source | 68,999,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 23,411,000Source | 16,706,000Source | 22,532,000Source | 16,289,000Source | 13,857,000Source | 19,952,000Source | 16,369,000Source | 14,878,000Source | 16,639,000Source | 15,504,000Source | 16,616,000Source | 13,042,000Source |
| Accounts Payable, CurrentUSD | 17,501,000Source | 11,117,000Source | 17,483,000Source | 11,880,000Source | 9,370,000Source | 13,845,000Source | 11,635,000Source | 10,024,000Source | 11,008,000Source | 10,401,000Source | 9,976,000Source | 7,979,000Source |
| Operating Lease, Liability, NoncurrentUSD | 289,000Source | 79,000Source | 393,000Source | 220,000Source | 88,000Source | 426,000Source | 68,000Source | 102,000Source | 360,000Source | 70,000Source | 118,000Source | 104,000Source |
| Deferred Income Tax Liabilities, NetUSD | 3,062,000Source | 3,001,000Source | 2,792,000Source | 3,062,000Source | 3,001,000Source | 2,792,000Source | 3,062,000Source | 3,001,000Source | 2,792,000Source | 3,062,000Source | 3,001,000Source | 3,029,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 5,910,000Source | 5,589,000Source | 4,745,000Source | 4,409,000Source | 4,487,000Source | 4,589,000Source | 3,939,000Source | 3,604,000Source | 5,413,000Source | 5,103,000Source | 4,916,000Source | 3,813,000Source |
| Long-term DebtUSD | — | — | — | — | — | — | — | 2,500,000Source | — | — | 2,750,000Source | 2,477,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | — | — | — | — | — | — | — | — | 1,250,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | — | — | — | — | — | — | — | — | 2,477,000Source |
| Operating Lease, Liability, Current | — | —Source | —Source | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 1,055,000Source | 937,000Source | 3,980,000Source | 3,386,000Source | 3,162,000Source | 2,972,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 548,000Source | 326,000Source | 1,947,000Source | 2,446,000Source | 1,497,000Source | 1,109,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 6,429,000Source | 1,259,000Source | 1,219,000Source | 1,550,000Source | 2,463,000Source | 1,483,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -438,000Source | 563,000Source | 3,212,000Source | -426,000Source | -527,000Source | 1,345,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 3,397,000Source | 1,401,000Source | 238,000Source | 156,000Source | 1,859,000Source | 1,945,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -270,000Source | 61,000Source | -28,000Source | -172,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 4,378,000Source | -150,000Source | 10,948,000Source | 12,962,000Source | 16,941,000Source | 3,987,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 580,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -11,041,000Source | 2,933,000Source | -22,040,000Source | -6,682,000Source | -4,410,000Source | -4,029,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 11,041,000Source | 2,219,000Source | 27,361,000Source | 6,697,000Source | 4,351,000Source | 3,449,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | 4,937,000Source | — | — | — | — | — | 0Source | 3,997,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 6,696,000Source | -65,000Source | -65,000Source | -2,750,000Source | -3,777,000Source | -4,747,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 22,990,000Source | 20,558,000Source | 7,087,000Source | 21,220,000Source | 5,604,000Source | 19,446,000Source | 5,571,000Source | 16,728,000Source | 13,198,000Source | 4,444,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 45,000Source | 11,000Source | 58,000Source | 98,000Source | 415,000Source | 247,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 0Source | 0Source | 5,588,000Source | 5,987,000Source | 4,792,000Source | 1,121,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 539,000Source | 603,000Source | 535,000Source | 601,000Source | 548,000Source | 326,000Source | 1,947,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | — | 135,000Source | 135,000Source | 135,000Source | 135,000Source | 135,000Source | 135,000Source | 540,000Source | 540,000Source | 540,000Source | 540,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | 0Source | -20,000Source | 3,407,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | 3,352,000Source | 115,000Source | -8,000Source | 34,000Source | -241,000Source |
| General and Administrative ExpenseUSD | — | — | 6,186,000Source | 3,564,000Source | 4,657,000Source | 4,752,000Source | 4,703,000Source | 4,628,000Source | 21,603,000Source | 19,439,000Source | 13,130,000Source | 12,593,000Source |
| GoodwillUSD | — | — | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source | 11,704,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | — | — | 1,563,000Source | 1,350,000Source | 280,000Source | 1,662,000Source | 1,583,000Source | 1,426,000Source | 5,827,000Source | 4,944,000Source | 5,282,000Source | 917,000Source |
| InterestExpenseNonoperatingUSD | — | — | 21,000Source | 4,000Source | 215,000Source | 21,000Source | 68,000Source | 14,000Source | 77,000Source | 105,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 3,529,000Source | 2,976,000Source | 127,000Source | 4,249,000Source | 4,674,000Source | 3,540,000Source | 13,859,000Source | 9,025,000Source | 11,367,000Source | 924,000Source |
| Nonoperating Income (Expense)USD | — | — | 52,000Source | 137,000Source | -193,000Source | 116,000Source | -68,000Source | 3,392,000Source | 3,514,000Source | 117,000Source | -346,000Source | -508,000Source |
| Operating ExpensesUSD | — | — | 11,368,000Source | 7,678,000Source | 12,426,000Source | 9,605,000Source | 11,026,000Source | 9,461,000Source | 42,034,000Source | 34,722,000Source | 25,446,000Source | 24,437,000Source |
| Operating Lease, ExpenseUSD | — | — | 51,000Source | 33,000Source | 73,000Source | 58,000Source | 62,000Source | 37,000Source | 209,000Source | 148,000Source | 138,000Source | 229,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 73,000Source | 138,000Source | 22,000Source | 82,000Source | 0Source | 54,000Source | 279,000Source | 230,000Source | 4,000Source | 0Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | — | — | — | 0Source | 100,000Source | — |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | 54,000Source | — | 3,352,000Source | — | — | — | 1,731,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 57,143,000Source | 46,095,000Source | 66,893,000Source | 53,901,000Source | 63,012,000Source | 46,091,000Source | 212,496,000Source | 186,820,000Source | 160,123,000Source | 141,568,000Source |
| Cost of RevenueUSD | — | — | 40,735,000Source | 34,228,000Source | 53,867,000Source | 38,501,000Source | 45,661,000Source | 35,056,000Source | 154,290,000Source | 138,246,000Source | 117,682,000Source | 114,782,000Source |
| Operating Income (Loss)USD | — | — | 5,040,000Source | 4,189,000Source | 600,000Source | 5,795,000Source | 6,325,000Source | 1,574,000Source | 16,172,000Source | 13,852,000Source | 16,995,000Source | 2,349,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 73,000Source | 138,000Source | 22,000Source | 82,000Source | 0Source | 54,000Source | 279,000Source | 230,000Source | 4,000Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 5,092,000Source | 4,326,000Source | 407,000Source | 5,911,000Source | 6,257,000Source | 4,966,000Source | 19,686,000Source | 13,969,000Source | 16,649,000Source | 1,841,000Source |
| Income Tax Expense (Benefit)USD | — | — | 1,563,000Source | 1,350,000Source | 280,000Source | 1,662,000Source | 1,583,000Source | 1,426,000Source | 5,827,000Source | 4,944,000Source | 5,282,000Source | 917,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 3,529,000Source | 2,976,000Source | 127,000Source | 4,249,000Source | 4,674,000Source | 3,540,000Source | 13,859,000Source | 9,025,000Source | 11,367,000Source | 924,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.23Source | 0.2Source | 0.01Source | 0.28Source | 0.31Source | 0.23Source | 0.91Source | 0.61Source | 0.77Source | 0.06Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.23Source | 0.19Source | 0.01Source | 0.28Source | 0.3Source | 0.23Source | 0.89Source | 0.6Source | 0.75Source | 0.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 15,229,000Source | 14,801,000Source | 15,161,000Source | 15,206,000Source | 15,257,000Source | 15,134,000Source | 15,200,000Source | 14,769,000Source | 14,667,000Source | 15,396,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 15,422,000Source | 15,265,000Source | 15,289,000Source | 15,390,000Source | 15,559,000Source | 15,333,000Source | 15,539,000Source | 15,130,000Source | 15,103,000Source | 15,718,000Source |
| Interest Expense (non-operating)USD | — | — | 21,000Source | 4,000Source | 215,000Source | 21,000Source | 68,000Source | 14,000Source | 77,000Source | 105,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 135,000Source | 135,000Source | 135,000Source | 135,000Source | 135,000Source | 135,000Source | 540,000Source | 540,000Source | 540,000Source | 540,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | — | 39,821,000Source | 33,508,000Source | 52,859,000Source | 37,669,000Source | 44,741,000Source | 34,254,000Source | 150,850,000Source | 135,400,000Source | 115,060,000Source | 112,350,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 6,097,000Source | 4,883,000Source | 5,310,000Source | 1,089,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | 0Source | -20,000Source | 3,407,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 6,186,000Source | 3,564,000Source | 4,657,000Source | 4,752,000Source | 4,703,000Source | 4,628,000Source | 21,603,000Source | 19,439,000Source | 13,130,000Source | 12,593,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | — |
| Gross ProfitUSD | — | — | 16,408,000Source | 11,867,000Source | 13,026,000Source | 15,400,000Source | 17,351,000Source | 11,035,000Source | 58,206,000Source | 48,574,000Source | 42,441,000Source | 26,786,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 384,000Source | 267,000Source |
| Nonoperating Income (Expense)USD | — | — | 52,000Source | 137,000Source | -193,000Source | 116,000Source | -68,000Source | 3,392,000Source | 3,514,000Source | 117,000Source | -346,000Source | -508,000Source |
| Operating ExpensesUSD | — | — | 11,368,000Source | 7,678,000Source | 12,426,000Source | 9,605,000Source | 11,026,000Source | 9,461,000Source | 42,034,000Source | 34,722,000Source | 25,446,000Source | 24,437,000Source |
| Operating Lease, ExpenseUSD | — | — | 51,000Source | 33,000Source | 73,000Source | 58,000Source | 62,000Source | 37,000Source | 209,000Source | 148,000Source | 138,000Source | 229,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Selling ExpenseUSD | — | — | 5,047,000Source | 3,979,000Source | 7,634,000Source | 4,718,000Source | 6,188,000Source | 4,698,000Source | 19,891,000Source | 14,743,000Source | 11,776,000Source | 11,304,000Source |
Filing attachments
tm2615799d1_ex99-1.htm · SCHEDULE 13G · 2026-05-27
EXHIBIT 99.1 JOINT FILING AGREEMENT The undersigned hereby agree that the Statement on Schedule 13G filed herewith (and any amendments thereto), relating to the Shares, is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(c) under the Securities Exchange Act of 1934, as amended, on behalf of each of the undersigned. This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument. Dat…
Read attachment ↗ex99-1.htm · 8-K · 2025-10-30
EX-99.1 2 ex99-1.htm PRESS RELEASE LIFEWAY FOODS, INC. 8-K Exhibit 99.1 Lifeway Foods Extends Existing Shareholder Rights Plan Morton Grove, Ill. - October 29, 2025 - Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or the “Company”), the leading U.S. supplier of kefir and fermented probiotic products that support the microbiome, today announced that its Board of Directors has approved an amendment to the Company’s existing Shareholder Rights Agreement (the “Rights Plan”) to extend its expir…
Read attachment ↗ex4-1.htm · 8-K · 2025-10-01
EX-4.1 2 ex4-1.htm COOPERATION AGREEMENT LIFEWAY FOODS, INC 8-K Exhibit 4.1 Danone North America PBC 1 Maple Avenue White Plains, NY 10605 Lifeway Foods, Inc. 6431 West Oakton Morton Grove, IL 60053 Attention: Board of Directors Ladies and Gentlemen: This Letter Agreement (this “Agreement”), dated as of September 30, 2025, is being entered into by and between Lifeway Foods, Inc., an Illinois corporation (the “Company”), and Danone North America PBC, a Delaware public benefit corporatio…
Read attachment ↗ex99-1.htm · 8-K · 2025-10-01
EX-99.1 3 ex99-1.htm PRESS RELEASE ISSUED BY LIFEWAY FOODS, INC. ON SEPTEMBER 30, 2025 LIFEWAY FOODS, INC 8-K Exhibit 99.1 Lifeway and Danone Sign Cooperation Agreement New Independent Directors to be Added Stockholders’ Agreement Litigation is Stayed Lifeway is Evaluating Capital Allocation Alternatives to Maximize Value Danone Will Not Vote or Deliver Consent in Favor of Proposals Contained in the Consent Solicitation MORTON GROVE, Ill., September 30, 2025 - Lifeway Foods, Inc. (NAS…
Read attachment ↗ex99-1.htm · 8-K · 2025-09-18
EX-99.1 2 ex99-1.htm PRESS RELEASE ISSUED BY LIFEWAY FOODS, INC. ON SEPTEMBER 18, 2025 Lifeway Foods, Inc. 8-K Exhibit 99.1 Lifeway Foods Issues Statement in Response to Danone MORTON GROVE, Ill., Sept. 18, 2025 -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. supplier of kefir and fermented probiotic products that support the microbiome, today issued the following statement following Danone’s withdrawal of its proposal to acquire Lifeway: We remain firm…
Read attachment ↗ex99-1.htm · 8-K · 2025-07-29
EX-99.1 2 ex99-1.htm PRESS RELEASE ISSUED BY LIFEWAY FOODS, INC. ON JULY 29, 2025 LIFEWAY FOODS, INC. 8-K Exhibit 99.1 Lifeway Foods Acknowledges ISS Recommendation to Reject Dissident Campaign Morton Grove, IL - July 29, 2025 - Lifeway Foods, Inc. (NASDAQ: LWAY), a leading U.S. supplier of kefir and fermented probiotic products, today announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that shareholders “DO NOT VOTE” in…
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