{"filings":[{"id":816397,"accession_number":"0001683168-26-004480","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-06-03T13:00:16+00:00","items":["8.01"],"status":"ready","headline":"Lifeway Foods adds Jason Scher as director nominee for 2026 annual meeting, keeps board size at 8","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jason Scher reinstated as director nominee after board reversed earlier plan to shrink board from 8 to 7 directors.","Board size remains 8; Scher's term to expire at 2027 annual meeting if elected.","Supplement to proxy filed June 3; election of Scher is Proposal Four at June 17 annual meeting.","Shareholders urged to read the proxy statement and supplement before voting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":444716,"accession_number":"0001683168-26-003934","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-05-14T21:02:37+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Lifeway Foods prices secondary offering of 3.45M shares at $19.50; to repurchase $5M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Secondary offering of 3,454,756 shares by Danone USA at $19.50 per share; closing expected May 19, 2026.","Lifeway will not receive any proceeds from the offering; all shares sold by the selling stockholder.","Lifeway agreed to repurchase approximately $5.0 million of the shares at the same price, conditioned on offering completion.","BTIG LLC acting as sole underwriter; offering made under effective shelf registration statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":77001,"accession_number":"0001683168-26-003838","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-05-14T10:00:24+00:00","items":["2.02","9.01"],"status":"ready","headline":"Lifeway Q1 net sales $63.0M (+36.7% YoY); net income $4.7M, EPS $0.30","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Record Q1 net sales of $63.0M, up 36.7% YoY, driven by volume-led growth in Lifeway Kefir and Farmer Cheese.","Gross profit margin expanded 360 bps to 27.5%; net income rose 32% to $4.7M ($0.30 diluted EPS vs $0.23 prior year).","SG&A of $10.9M increased 16.8% due to marketing investments, leveraging 300 bps as a sales percentage.","Company reiterates FY 2027 Adjusted EBITDA target of $45-$50M; expects strongest annual sales in FY 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":0.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":63012000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99021,"accession_number":"0001683168-26-002570","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-04-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Lifeway Foods expects Q1 net sales $60.8-62.3M, up 32-35% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Preliminary Q1 2026 net sales range $60.8M-$62.3M, 32-35% increase from Q1 2025.","Growth driven by strong consumer demand for kefir and farmer cheese products.","Full Q1 2026 earnings release and conference call scheduled for May 14, 2026.","CEO Julie Smolyansky highlighted continued momentum and expanded distribution."],"consensus_eps_estimate":0.306,"consensus_eps_actual":0.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":63012000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114808,"accession_number":"0001683168-26-001888","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Lifeway Foods reports record FY2025 net sales of $212.5M, up 13.7%; net income +54%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2025 net sales $212.5M (highest ever), up 13.7% YoY; 19% on comparable basis after strategic exit.","FY2025 net income $13.9M ($0.89 diluted EPS) vs $9.0M ($0.60 diluted EPS) in FY2024.","Full-year gross margin 27.4%, up 140 bps from 26.0%; Q4 gross margin 27.8% (+250 bps).","Q4 net sales $55.4M, up 18.0% YoY; net income $2.5M vs net loss of $0.2M a year ago.","Reiterated long-term target of $45–50M adjusted EBITDA for FY2027; projects record sales in FY2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114807,"accession_number":"0001683168-26-001682","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Lifeway Foods adopts standard deferred cash award forms under 2022 Omnibus Incentive Plan","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Compensation Committee approved form notice for Deferred Time-Vested Cash Awards on March 6, 2026.","Approved separate form for Deferred Performance-Based Cash Awards with vesting tied to future performance criteria.","Awards vest over scheduled dates; accelerated vesting upon death or disability; forfeited for cause.","Payment in cash; if Danone's consent is not required, stock payment is allowed at Company's discretion.","No specific grants or dollar amounts disclosed; forms are templates for future awards."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114806,"accession_number":"0001683168-26-000158","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2026-01-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Lifeway Foods expects record 2025 net sales of $211M-$212.5M; to present at ICR Conference","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales for year ended Dec 31, 2025 expected in range $211M-$212.5M, a record for the company.","CEO Julie Smolyansky to present at ICR Conference on Jan 13, 2026 in Orlando, Florida.","Company cites explosive growth and leading position in U.S. kefir market.","Fireside chat will be webcast live and archived on the investor relations website."],"consensus_eps_estimate":0.2907,"consensus_eps_actual":0.89,"consensus_revenue_estimate":null,"consensus_revenue_actual":212496000.0,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131189,"accession_number":"0001683168-25-009435","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-12-31T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Lifeway Foods shareholders elect board slate, reject charter amendments; say-on-pay passes with strong opposition","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 8 company-nominated directors elected; opposition nominees George Sent and Edward Smolyansky not elected.","Proposal to adopt director exculpation and indemnification amendments failed; ~3.59M abstentions contributed.","Shareholders ratified Grant Thornton as auditor with ~9M For votes.","Advisory say-on-pay passed with ~6.59M For vs ~5.78M Against; close margin.","Annual frequency for say-on-pay adopted; shareholder proposal for strategic review committee defeated."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.15,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131188,"accession_number":"0001683168-25-009406","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-12-30T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Lifeway Foods amends credit agreement; extends maturity to Feb 2029, adjusts covenant for Waukesha expansion","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Termination date extended to February 5, 2029; no outstanding borrowings at entry.","Fixed Charge Coverage Ratio modified through June 2027 to exclude up to $50M of unfinanced Waukesha capex for plant optimization and capacity expansion.","Change of Control definition updated to exclude certain board changes from the October/November 2025 settlement agreement.","Credit agreement otherwise unchanged; conditions include updated schedules and payment of lender costs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131187,"accession_number":"0001683168-25-009372","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods CEO presents at annual meeting; no material new disclosures","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["CEO Julie Smolyansky presented slides at the December 29, 2025 annual shareholder meeting.","The furnished presentation contains only the meeting title and no financial or operational details.","No guidance, strategic updates, or material data were disclosed in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131186,"accession_number":"0001683168-25-008776","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-12-01T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"Lifeway appoints two directors, attacks dissident nominees as unfit; annual meeting moved to Dec 29","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Appointed Kirk Chartier and Susie Hultquist as directors effective Nov 26, 2025; annual meeting rescheduled from Dec 16 to Dec 29.","Company says Edward Smolyansky was terminated for cause as COO, intoxicated on duty, defaulted on $10.4M mortgage; Ludmila Smolyansky faces $2.3M tax liens.","George Sent, former lead independent director, now aligns with dissident despite prior ISS recommendation against dissident nominees.","Company highlights strong performance: 788% TSR over 5 years, 123% revenue growth since FY2019, record Q3 2025 net sales $57.1M (+29%).","Board refreshment: four new independent directors appointed in Oct-Nov 2025 per cooperation agreement with Danone."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131185,"accession_number":"0001683168-25-008211","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-11-12T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Lifeway Foods Q3 2025: Record net sales $57.1M, net income $3.5M, margin expands 300bps","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $57.1M, up 24% YoY (29% on comparable basis); highest quarterly revenue in company history.","Gross margin 28.7% vs 25.7% YoY; net income $3.5M ($0.23 per diluted share) vs $3.0M last year.","Reiterates FY2027 Adjusted EBITDA target of $45–$50M; projects 2025E net sales $212M rising to $416M by 2029E.","Completed first stage of Waukesha plant expansion to support capacity growth.","Launched Muscle Mates RTD beverage with 20g protein and 5g creatine; partnerships with Erewhon and Joe & The Juice."],"consensus_eps_estimate":0.2856,"consensus_eps_actual":0.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":157135000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131184,"accession_number":"0001683168-25-008073","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Lifeway Foods Director Perfecto Sanchez Resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Perfecto Sanchez resigned as director of Lifeway Foods on November 3, 2025.","Resignation was effective immediately upon notification to the Board.","Lifeway Foods trades on Nasdaq under the ticker symbol LWAY."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131183,"accession_number":"0001683168-25-007957","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["5.02","5.03","9.01"],"status":"ready","headline":"Lifeway Foods appoints Andee Harris and Rachel Drori as directors; board size set at 8","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Appointed Andee Harris and Rachel Drori to board effective October 29, 2025.","Harris will serve on Audit and Corporate Governance Committee.","Board amended bylaws to allow 5-10 directors; set size at 8.","New directors will receive standard non-employee director compensation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131182,"accession_number":"0001999371-25-016469","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["1.01","3.03","7.01","9.01"],"status":"ready","headline":"Lifeway extends shareholder rights plan to Oct 2026, citing concentrated ownership risk","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved Amendment No. 1 extending rights plan expiration to Close of Business October 29, 2026, from November 4, 2025.","Plan extended due to highly concentrated share ownership and potential for de facto control without paying a premium to other shareholders.","Company noted potential near-term share availability under existing agreements and registration obligations that could facilitate control accumulation.","Extension is not in response to any specific takeover proposal; all other terms of the Rights Plan remain unchanged.","Evercore is financial advisor and Sidley Austin is legal counsel to Lifeway."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131181,"accession_number":"0001683168-25-007481","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-10-09T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Lifeway Foods sets Dec 16, 2025 annual meeting; shareholder proposals due Oct 20","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting scheduled for December 16, 2025.","Shareholder proposals under bylaws must be received by October 20, 2025.","Rule 14a-8 proposals also due by October 20, 2025, to principal executive office.","Company is Lifeway Foods, Inc. (NASDAQ: LWAY)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131180,"accession_number":"0001683168-25-007417","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-10-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Lifeway Foods pre-announces Q3 2025 net sales of $55.8M-$57.0M, up 21-24% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Estimated Q3 net sales $55.8M-$57.0M, a 21-24% increase from Q3 2024.","Growth driven by strong demand for flagship Lifeway Kefir and high-protein Farmer Cheese line.","Expanded distribution to major national retailers, corner stores, airports, and universities.","Executing a project to nearly double production capacity at Waukesha facility to support growth.","CEO Julie Smolyansky cites kefir as one of the hottest U.S. grocery categories with Lifeway as leader."],"consensus_eps_estimate":0.2856,"consensus_eps_actual":0.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":157135000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131179,"accession_number":"0001999371-25-014334","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-10-01T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Lifeway Foods signs Cooperation Agreement with Danone; adds independent directors, stays litigation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["3 new independent directors appointed by Oct 30, 2025; 4th by Nov 14, 2025; Pol Sikar to step down at 2025 annual meeting.","Jay Scher and another current director to step down at 2026 annual meeting; Board to separate Chair and CEO roles.","Danone waives board representation and rights of first refusal; litigation over Stockholders' Agreement stayed.","Danone agrees not to support Smolyansky family consent solicitation and will vote with Board on director elections at 2025/2026 meetings.","Lifeway to file shelf registration statement by Oct 30, 2025 for Danone's shares; evaluating capital allocation alternatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131178,"accession_number":"0001683168-25-007354","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-10-01T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Lifeway Foods director Jody Levy resigns effective October 1, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Jody Levy notified the Board of her resignation on October 1, 2025.","Resignation was effective immediately on October 1, 2025.","Ms. Levy's resignation did not result from any disagreement with company operations, policies, or practices.","Lifeway Foods (NASDAQ: LWAY) reported the change under Item 5.02 of Form 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147774,"accession_number":"0001999371-25-013500","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-09-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Danone withdraws proposal to acquire Lifeway; Lifeway reports record Q2 sales","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Danone has withdrawn its unsolicited acquisition proposal for Lifeway Foods (LWAY).","Lifeway's Board formed a Strategic Review Committee; engaged extensively with Danone.","Q2 2025 net sales hit record $53.9M, up 18% YoY on a comparable basis.","First two months of Q3 unaudited net sales $39.1M, up 20% YoY through August 31.","Lifeway delivered 22 consecutive quarters of growth, reiterating commitment to value creation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147773,"accession_number":"0001683168-25-006605","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway pre-announces Q3-to-date net sales of $39.1M, up 20% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Estimated unaudited net sales of $39.1M for July-August 2025, a 20% increase vs same period last year.","Growth fueled by consumer demand for Lifeway Kefir and the high-protein Farmer Cheese line.","CEO Julie Smolyansky cited category dominance and strong innovation/marketing execution.","Company on pace for another exceptional quarter, reinforcing its probiotic nutrition leadership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147772,"accession_number":"0001683168-25-005921","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-08-12T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Lifeway Foods Q2 record net sales $53.9M, EPS $0.28; Q3-to-date sales up 20%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net sales $53.9M (record), up 9.7% YoY; 18% on comparable basis adjusting for exited customer.","Diluted EPS $0.28 vs $0.25 YoY; gross margin 28.6% vs 27.0% YoY.","Q3-to-date unaudited net sales $26.4M through Aug 11, up >20% YoY; July had highest weekly sales ($5.5M).","Reiterated FY 2027 adjusted EBITDA target of $45–$50M; expects strongest annual sales in 2025."],"consensus_eps_estimate":0.1836,"consensus_eps_actual":0.51,"consensus_revenue_estimate":null,"consensus_revenue_actual":99992000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147771,"accession_number":"0001999371-25-010196","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-07-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"ISS recommends Lifeway shareholders reject dissident consent solicitation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["ISS recommends shareholders 'DO NOT VOTE' on all proposals in Ludmila & Edward Smolyansky-led consent solicitation.","ISS concluded dissident group 'has not presented a compelling case for change' and lacks a clear plan.","ISS noted Lifeway's financial performance positive with share price rally, outperforming peers.","ISS stated dissident nominees include individuals who contributed to past governance concerns.","CEO Julie Smolyansky encourages shareholders to follow ISS guidance and take no action on the solicitation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147770,"accession_number":"0001683168-25-005104","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-07-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods reports record weekly gross sales of $5.5M, up 66% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross sales for week ending July 13, 2025 surpassed $5.5M, a 66% increase from prior year.","Company will report Q2 2025 financial results on August 12, 2025 before market open.","Pre-recorded conference call with CEO Julie Smolyansky available on investor relations page on Aug 12.","Milestone reflects strong demand for Lifeway Kefir and Lifeway Farmer Cheese."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147769,"accession_number":"0001999371-25-008726","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-07-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods urges shareholders to disregard Smolyansky consent solicitation, cites legal deficiencies","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company says consent solicitation filed July 2 violates Illinois law and Lifeway's charter/bylaws.","Solicitation purports to set a record date for proposals without proper authority, says Lifeway.","Lifeway notes 788% total shareholder return over 5 years and ~100% revenue growth FY19-FY24.","Shareholders urged to disregard the Smolyanskys' communication and any unlawful consent actions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166454,"accession_number":"0001683168-25-004695","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-06-23T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Lifeway Foods enters separation agreement with former executive Amy Feldman; pays $555K and vests 13,323 shares","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lump-sum cash payment of $555,313.13 less deductions, within 14 days of effective date.","Vesting of 7,875 RSUs and 5,448 PSUs (total 13,323 shares of common stock) upon effective date.","COBRA premiums paid by company from separation date through August 28, 2025.","12-month non-solicitation of employees/vendors and mutual non-disparagement covenants.","Amy Feldman releases all claims, including ADEA, in exchange for separation benefits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166453,"accession_number":"0001683168-25-004225","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods provides Q2 guidance $52M-$56M; expands at major retailers","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q2 first two months net sales $37.6M, up 10.7% YoY; YTD net sales $83.7M as of May 31.","Q2 net sales guidance range $52M-$56M for quarter ending June 30, 2025.","Expanded distribution at Amazon Fresh, BJ's, CVS, HEB, Hy-Vee, Kroger, Publix, Target, Whole Foods, and others.","Farmer Cheese unit sales up 63% YoY in measured channels year-to-date."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":166452,"accession_number":"0001683168-25-002956","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods surpasses $5M weekly gross sales, up 35% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Record weekly gross sales exceeded $5M for the week ending April 27, 2025.","Sales increased 35% compared to the same week in the prior year.","Growth driven by strong demand for Lifeway Kefir and Lifeway Farmer Cheese.","Q1 2025 financial results will be reported on May 13, 2025, before market open."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183890,"accession_number":"0001999371-25-003040","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods responds to Edward Smolyansky's bid to replace entire board","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Edward Smolyansky nominated seven candidates to replace Lifeway's entire Board at the 2025 annual meeting.","Smolyansky was previously terminated for cause as an officer of the company.","Lifeway reported record full-year 2024 revenue and its 22nd consecutive quarter of growth.","Board Audit Committee will review nominees; recommendation to follow.","Company says shareholders need not take any action at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183889,"accession_number":"0001683168-25-001385","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-03-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Lifeway Foods eliminates Senior EVP of Sales; Amy Feldman terminated without cause","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Senior EVP of Sales position eliminated as part of organizational restructuring, effective Feb. 28, 2025.","Amy Feldman's employment terminated without cause; no disagreement with company operations.","Sales responsibilities assumed by internal sales team; role permanently removed.","Filing confirms termination is not due to any dispute regarding company policies or practices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183888,"accession_number":"0001683168-25-001359","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-03-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Lifeway Foods pushes back on Danone hostile takeover, reports record 2024 and 17% weekly sales growth","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Danone filed Schedule 13D referencing lawsuit; Lifeway calls it hostile takeover at undervalued price.","Lifeway reports unaudited 2024 record revenue, net income, and EBITDA.","Last week of Feb 2025 gross sales $4,543,297, up 17% YoY from $3,880,625.","Lifeway intends to file counterclaim against Danone and aggressively contest claims.","Board committed to maximizing shareholder value; will not be pressured into undervalued deal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183887,"accession_number":"0001683168-25-001028","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-02-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods refutes Smolyansky family misstatements regarding CEO, board, share sale","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Julie Smolyansky did not attend board vote on her retention bonus; independent directors voted only.","Special committee reaffirmed independence of directors Scher, Sikar after 2021 investigation.","Edward Smolyansky's failed share sale was due to incomplete documentation, not company interference.","Ludmila Smolyansky sold shares successfully after providing required documents to transfer agent.","Letter demands cease and desist of defamatory statements about CEO and Company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183886,"accession_number":"0001683168-25-000930","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-02-11T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway expects $5M net profit from Simple Mills sale to Flowers Foods","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Anticipates ~$5M net profit upon closing of Simple Mills sale; total expected proceeds ~$6.5M including prior $1.5M gain in 2019.","Simple Mills acquired by Flowers Foods for $795M; transaction subject to regulatory approval, expected Q1 2025 close.","CEO Julie Smolyansky credited for the 2015 early investment; Board affirms support for management."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183885,"accession_number":"0001683168-25-000831","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-02-07T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Lifeway Foods increases revolving credit facility from $5M to $25M, extends maturity to 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving commitment raised from $5M to $25M with interest at Prime minus 1% or SOFR plus 1.75%.","Termination date extended to February 5, 2028.","New financial covenant: maximum cash flow leverage ratio of 2.00:1.00, effective Q1 2025.","Borrowers had no outstanding borrowings at time of amendment.","Closing fee of $25,000 paid to lender."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183884,"accession_number":"0001999371-25-000134","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2025-01-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Lifeway Foods expects 2024 net sales up ~16% YoY; reiterates rejection of Danone's $27/share bid","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Preliminary Q4 2024 net sales $45.1M-$46.6M vs $42.1M in Q4 2023; full-year net sales $185M-$186.5M vs $160.1M in 2023.","Board reaffirms Danone's $27/share offer undervalues company; cites 2027 adjusted EBITDA forecast of $45M-$50M.","CEO Julie Smolyansky's amended employment agreement includes two-year non-compete and change-in-control provisions.","Lifeway disputes Danone's interpretation of 1999 Shareholder Agreement under Illinois law; argues agreement invalid for public company.","Company highlights 21 consecutive quarters of growth through Q4 2024 and 788% total shareholder return over five years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200496,"accession_number":"0001683168-24-008943","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2024-12-23T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Lifeway Foods enters new employment agreement with CEO Julie Smolyansky; $1M salary, $2M retention bonus","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Base salary set at $1,000,000 per year; target annual bonus 80% of base salary, target equity grant 75% of base salary.","One-time retention bonus of $2,000,000; repayment partially cliffs over 2 years if termination for cause or without good reason before Dec 20, 2026.","Severance enhanced: 2x salary+bonus for without cause/good reason (non-CIC); 3x for change-in-control termination (new provision).","New two-year non-compete and non-solicitation covenants added; company also clarified IP ownership except for 'The Kefir Cookbook'.","Agreement effective January 1, 2025, supercedes prior 2002 agreement; compensation committee advised by independent consultant."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200495,"accession_number":"0001999371-24-015060","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2024-11-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway rejects Danone's $27/share revised proposal, citing substantial undervaluation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board determined $27/share proposal substantially undervalues the company; not opposed to sale at any price.","Lifeway achieved 20 consecutive fiscal quarters of year-over-year topline growth; 788% total shareholder return over 5 years.","Revenue grew from $94M in 2019 to $160M in 2023 (71% increase, 14% CAGR); gross profit up 92%.","Forecasts 2027 Adjusted EBITDA of $45-50M; Danone's $27/share implies only ~7.5x-8.5x EBITDA, excluding synergies.","Company also issued a legal letter arguing the 1999 Stockholders' Agreement with Danone is invalid under Illinois law."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200494,"accession_number":"0001999371-24-014861","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2024-11-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway Foods Rejects Danone's $27/Share Proposal; Calls Shareholder Agreement Void","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board unanimously rejects Danone's revised unsolicited proposal of $27.00 per share, saying it substantially undervalues the Company.","Lifeway asserts the 1999 Stockholders' Agreement with Danone is void and unenforceable under Illinois law.","Company requests Danone waive all rights under the Stockholders' Agreement; threatens litigation if not.","Lifeway reports 20th consecutive quarter of growth, double-digit revenue growth, and 788% total shareholder return over 5 years.","Danone holds ~23.4% of Lifeway shares and has used agreement to block equity compensation and strategic alternatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200492,"accession_number":"0001839882-24-040275","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K/A","filed_at":"2024-11-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Lifeway rejects Danone's revised $27.00/share proposal; declares 1999 stockholder agreement void","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Lifeway's Board rejected Danone's revised unsolicited proposal to acquire all shares not already owned for $27.00/share, calling it substantially undervalued.","The company posted its 20th consecutive quarter of double-digit revenue growth and improved margins in Q3 2024.","Lifeway's CEO sent a letter to Danone detailing how the 1999 Stockholders' Agreement has restricted the company's ability to issue equity, pursue strategic alternatives, and compete.","Lifeway's counsel asserted the Stockholders' Agreement is void under Illinois law for lack of unanimous approval and anti-competitive effects, demanding waiver by Nov 15.","The Board adopted a limited-duration shareholder rights plan in response to Danone's proposal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":200493,"accession_number":"0001839882-24-037648","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2024-11-05T23:59:59+00:00","items":["1.01","3.03","5.03","7.01","9.01"],"status":"ready","headline":"Lifeway Foods adopts poison pill, rejects Danone's $25/share buyout offer","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board rejected Danone's $25/share unsolicited proposal as substantially undervaluing Lifeway.","Adopted limited-duration shareholder rights plan (poison pill) with a 20% ownership trigger.","Rights expire November 4, 2025; exercise price set at $130 per right.","Danone's substantial existing stake triggers poison pill if they acquire any additional shares.","Evercore and Sidley Austin are serving as financial and legal advisors, respectively."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236156,"accession_number":"0001683168-24-004329","cik":814586,"company_name":"Lifeway Foods, Inc.","ticker":"LWAY","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Lifeway Foods annual meeting: all directors elected, say-on-pay opposed by 41% of votes cast","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Seven directors elected with strong support (lowest vote 10.3M for).","Grant Thornton LLP ratified as auditor with 13.4M for votes.","Non-binding advisory vote on executive compensation: 6.89M for, 4.77M against (41% dissenting).","Broker non-votes on say-on-pay were 1.51M shares.","All results from June 14, 2024 annual meeting reported via 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.15,"market_cap_usd":369668880.07092494,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}