{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-008943","form_type":"8-K","ticker":"LWAY","cik":"0000814586","company_name":"Lifeway Foods, Inc.","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.087715+00:00","generated_at":"2026-05-28T23:57:20.262015+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lifeway Foods enters new employment agreement with CEO Julie Smolyansky; $1M salary, $2M retention bonus","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-008943","json":"https://secwatch.observer/filing/0001683168-24-008943.json","markdown":"https://secwatch.observer/filing/0001683168-24-008943.md","text":"https://secwatch.observer/filing/0001683168-24-008943.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/814586/000168316824008943/0001683168-24-008943-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/814586/000168316824008943/lifeway_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:57:20.262015+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}