secwatch.observer — SEC 8-K summary
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Issuer:     Lifeway Foods, Inc. (LWAY)
CIK:        0000814586
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001683168-22-007436
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814586/000168316822007436/0001683168-22-007436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814586/000168316822007436/lifeway_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007436

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