---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-007436"
form_type: "8-K"
ticker: "LWAY"
cik: "0000814586"
company_name: "Lifeway Foods, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:22:26.307894+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lifeway Foods to repurchase 850,340 shares from director Ludmila Smolyansky at $4.70/share (20% discount)

## Summary
- Company buys 850,340 shares of common stock from director Ludmila Smolyansky at $4.70 per share.
- Price is a 20% discount to the 5-day average closing price prior to agreement date.
- Shares will be held in treasury; proceeds used to satisfy Smolyansky's loan with CIBC Bank, releasing pledges.
- Amendment extends standstill through 2024 annual meeting and grants company a right of first refusal (subject to Danone's existing ROFR).
- Danone's right of first refusal expired or waived as closing condition.

## SEC filing metadata
- accession: 0001683168-22-007436
- form_type: 8-K
- ticker: LWAY
- cik: 0000814586
- company_name: Lifeway Foods, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814586/000168316822007436/0001683168-22-007436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814586/000168316822007436/lifeway_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-007436
- JSON: https://secwatch.observer/filing/0001683168-22-007436.json
- Plain text: https://secwatch.observer/filing/0001683168-22-007436.txt

## Key facts
- Material Agreements
  Lifeway Foods, Inc. entered into Stock Purchase Agreement with Ludmila Smolyansky valued at $4.70 per share (effective 2022-11-07).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Ludmila Smolyansky
  - Value: $4.70 per share
  - Effective: 2022-11-07
  source text: On November 7, 2022, Lifeway Foods, Inc. (the “Company”) entered into (i) an agreement (the “Stock Purchase Agreement”) with Ludmila Smolyansky (“Ms. Smolyansky”), to purchase 850,340 shares (the “Shares”) of common stock of the Company (the “Common Stock”) from Ms. Smolyansky.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814586/000168316822007436/0001683168-22-007436-index.htm
- Material Agreements
  Lifeway Foods, Inc. amended Amendment with Ms. Smolyansky and Mr. Smolyansky.
  - Action: amendment
  - Agreement: settlement
  - Counterparty: Ms. Smolyansky and Mr. Smolyansky
  source text: As a closing condition to the Stock Purchase Agreement, Ms. Smolyansky and Mr. Smolyansky will deliver an executed amendment (the “Amendment”) to that certain Settlement Agreement dated as of July 27, 2022 (the “Settlement Agreement”), between the Company and Ms. Smolyansky and Mr. Smolyansky.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814586/000168316822007436/0001683168-22-007436-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.