Lifeway Foods, Inc. shareholders approved Election of Jason Scher as director at the 2026-06-17 meeting.
“Proposal 4: According to the tabulation of voting results, the following is a record of votes cast with respect to the election of Jason Scher, to serve until the 2027 Annual Meeting of the Company’s shareholders (or until a successor is elected and qualified): FOR: 8,891,948 AGAINST: 3,837,148 ABSTAIN: 145,012 BROKER NON-VOTES: 1,108,016”
Shareholder Votes
Lifeway Foods, Inc. shareholders approved Advisory vote on executive compensation at the 2026-06-17 meeting.
“Proposal 3: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation. FOR: 9,480,869 AGAINST: 3,347,326 ABSTAIN: 45,913 BROKER NON-VOTES: 1,108,016”
Shareholder Votes
Lifeway Foods, Inc. shareholders approved Ratification of Grant Thornton LLP as independent registered public accountants for year ending December 31, 2026 at the 2026-06-17 meeting.
“Proposal 2: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accountants for the year ending December 31, 2026: FOR: 10,600,831 AGAINST: 142,402 ABSTAIN: 3,238,891 BROKER NON-VOTES: 0”
Shareholder Votes
Lifeway Foods, Inc. shareholders approved Election of Kirk Chartier, Juan Carlos Dalto, Rachel Drori, Andee Harris, Susie Hultquist, Dorri McWhorter, and Julie Smolyansky as directors at the 2026-06-17 meeting.
“Proposal 1: According to the tabulation of voting results, the following is a record of votes cast with respect to the election of Kirk Chartier, Juan Carlos Dalto, Rachel Drori, Andee Harris, Susie Hultquist, Dorri McWhorter, and Julie Smolyansky, to serve until the 2027 Annual Meeting of the Company’s shareholders (or until successors are elected and qualified): FOR AGAINST ABSTAIN BROKER NON-VOTES Board of Directors’ Nominees Kirk Chartier 9,526,988 3,320,276 26,844 1,108,016 Juan Carlos Dalto 9,342,348 3,528,493 3,267 1,108,016 Rachel Drori 9,318,215 3,529,061 26,832 1,108,016 Andee Harris 9,027,457 3,819,819 26,832 1,108,016 Susie Hultquist 9,527,494 3,319,572 27,042 1,108,016 Dorri McWhorter 9,025,055 3,846,089 2,964 1,108,016 Julie Smolyansky 9,331,497 3,536,740 5,871 1,108,016”
Material Agreements
Lifeway Foods, Inc. entered into Underwriting Agreement with BTIG, LLC and Danone USA Public Benefit Corporation (effective 2026-05-14).
“On May 14, 2026, Lifeway Foods, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BTIG, LLC (the “Underwriter”) and Danone USA Public Benefit Corporation (the “Selling Stockholder”) in connection with a public offering of an aggregate of 3,454,756 shares (the “Shares”) of the Company’s common stock, no par value (the “Common Stock”), by the Selling Stockholder at a price to the public of $19.50 per share (the “Offering”).”
Earnings Releases
Lifeway Foods, Inc. reported the first quarter ended March 31, 2026 results: revenue $63.0 million, net income $4.7 million, or $0.31 per basic and $0.30 per diluted common share, EPS $0.30 per diluted common share. Guidance reaffirmed.
“2 lifeway_ex9901.htm PRESS RELEASE DATED MAY 14, 2026. Exhibit 99.1 Lifeway Foods ® Announces Record-Breaking Results for the First Quarter Ended March 31, 2026 Achieves $63.0 million in net sales, a 37% volume-led net sales increase, driven by the Company’s flagship Lifeway Kefir Record-breaking results signal robust Kefir & Farmer Cheese growth, supported by”
Earnings Releases
Lifeway Foods, Inc. reported first quarter ended March 31, 2026 results: revenue between $60.8 and $62.3 million.
“estimated unaudited net sales of between $60.8 and $62.3 million for the first quarter ended March 31, 2026”
Earnings Releases
Lifeway Foods, Inc. reported the full year ended December 31, 2025 results: revenue $212.5 million, net income $13.9 million, or $0.91 per basic and $0.89 per diluted common share, EPS $0.89 per diluted common share. Guidance reaffirmed.
“99.1 Lifeway Foods ® Announces Strong Fourth Quarter and Record-Breaking Full Year 2025 Results Led by the Company’s Flagship Kefir Company achieves full year 2025 net sales of $212.5 million; up 19% year-over-year on a comparable basis Record-breaking year marks six years of uninterrupted, volume-led annual net sales growth Annual gross margin expansion of 140 basis”
Earnings Releases
Lifeway Foods, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $55.4 million, net income $2.5 million, or $0.17 per basic and $0.16 per diluted common share, EPS $0.16 per diluted common share.
“basis, representing our sixth consecutive year of strong volume-led growth. This outstanding performance was capped off by a very strong fourth quarter, with net sales of $55.4 million, up 18.0% year-over-year, and gross margin expansion of 250 basis points. Our disciplined execution drove significant gross margin expansion of 140 basis points for the full year”
Material Agreements
Lifeway Foods, Inc. amended Sixth Modification to the Amended and Restated Loan and Security Agreement with CIBC Bank USA (effective 2025-12-29).
“On December 29, 2025, Lifeway Foods, Inc. (“Lifeway”), Fresh Made, Inc., a wholly-owned subsidiary of Lifeway (“Fresh Made”), Lifeway Wisconsin, Inc., a wholly-owned subsidiary of Lifeway (“Lifeway Wisconsin” and, together with Lifeway and Fresh Made, the “Borrowers”), and CIBC Bank USA, the Borrowers’ current lender (the “Lender”) entered into the Sixth Modification to the Amended and Restated Loan and Security Agreement (the “Sixth Modification”).”
Governance Changes
Lifeway Foods, Inc.: Board approved an amendment to the Second Amended and Restated Bylaws providing for a board size range of five to ten directors, with the specific number set by Board resolution, effective immediately on October 29, 2025 (effective 2025-10-29).
“In connection with the appointments discussed under Item 5.02 above, on October 29, 2025, the Board approved an amendment (the “Amendment”) to the Company’s Second Amended and Restated Bylaws (the “By-laws”), effective immediately, which provides for a range of Board size of between five (5) and ten (10) directors, which number within that range shall be set from time to time by resolution of the Board.”
Amy Feldman departed as Senior Executive Vice President of Sales at Lifeway Foods, Inc..
“The elimination of this position constitutes a termination without cause, effective February 28, 2025, under Ms. Feldman’s Employment Agreement with the Company.”
Debt Financings
Lifeway Foods, Inc. incurred credit facility of $25 million with CIBC Bank USA at Base Rate (the Prime Rate minus 1.00%) or the SOFR plus 1.75% maturing February 5, 2028.
“increased the commitment for revolving loans under the Credit Agreement (the “Revolving Commitment”) from $5 million to $25 million, with interest payable at either the lender Base Rate (the Prime Rate minus 1.00%) or the SOFR plus 1.75% (the “Revolving Commitment Increase”), (ii) extended the termination date of the Credit Agreement (the “Termination Date”) to February 5, 2028”
Ludmila Smolyansky resigned as member of the Board of Directors at Lifeway Foods, Inc..
“On August 10, 2023, the Board of Directors (the “Board”) Lifeway Foods, Inc. (the “Company”) accepted the tendered resignation of Ludmila Smolyansky, a member of the Company’s Board of Directors, effective immediately.”
Shareholder Votes
Lifeway Foods, Inc. shareholders approved Advisory vote to approve executive compensation at the 2023-06-15 meeting.
“Proposal 3: To approve, by non-binding advisory vote, executive compensation.”
Shareholder Votes
Lifeway Foods, Inc. shareholders approved Ratification of Grant Thornton LLP as independent auditor for fiscal year 2023 at the 2023-06-15 meeting.
“Proposal 2: To ratify Grant Thornton LLP as the Company’s independent auditor for fiscal year 2023.”
Shareholder Votes
Lifeway Foods, Inc. shareholders approved Election of eight directors at the 2023-06-15 meeting.
“Proposal 1: To elect eight (8) members of the Company's Board of Directors to serve until the 2023 Annual Meeting of Shareholders (or until successors are elected and qualified).”
Governance Changes
Lifeway Foods, Inc.: Amended and restated bylaws to consolidate prior versions and amend Article III, Section 3.14.1 to require audit, compensation, and nominating committees meeting exchange listing requirements (effective 2023-03-24).
“Effective March 24, 2023, the board of directors (the "Board") of Lifeway Foods, Inc. (the "Company") approved the Second Amended and Restated Bylaws of the Company (the “2 nd Amended and Restated Bylaws”) which, among other things, consolidates the Amended and Restated Bylaws with the amended thereto and amends Article III, Section 3.14.1 to require that the Company maintains an audit committee, compensation committee and nominating committee that meet any securities exchange listing requirements to which the Company is subject.”
Auditor Changes
Lifeway Foods, Inc. engaged Grant Thornton LLP as its auditor.
“On December 6, 2022, the Audit and Corporate Governance Committee of the Board of Directors of Lifeway Foods, Inc. (the “Company”) engaged Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 effective immediately.”
Material Agreements
Lifeway Foods, Inc. amended Amendment with Ms. Smolyansky and Mr. Smolyansky.
“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.”
Material Agreements
Lifeway Foods, Inc. entered into Stock Purchase Agreement with Ludmila Smolyansky valued at $4.70 per share (effective 2022-11-07).
“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.”
Edward Smolyansky departed as other at Lifeway Foods, Inc..
“As of January 4, 2022, Edward Smolyansky is no longer employed by the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.