Lifeway Foods Extends Existing Shareholder Rights Plan

Core Viewpoint - Lifeway Foods, Inc. has extended its Shareholder Rights Agreement for one year to protect against potential control acquisition by shareholders without fair compensation [2][3]. Group 1: Shareholder Rights Agreement - The Board of Directors approved an amendment to extend the expiration date of the Rights Plan to October 29, 2026, while all other terms remain unchanged [1][3]. - The decision to extend the Rights Plan was based on concerns about the company's concentrated share ownership, which could allow a shareholder or group to gain de facto control without paying a control premium [2][3]. - The Rights Plan aims to ensure that all shareholders can realize the full value of their investment and to guard against tactics that could lead to a transfer of control without premium payment [3]. Group 2: Company Overview - Lifeway Foods is recognized as a leading supplier of kefir and fermented probiotic products in the U.S., with a diverse product line including drinkable kefir and various cheeses [5]. - The company has received accolades such as being named one of America's Growth Leaders by TIME and Dairy Foods' Processor of the Year 2025 [5]. - Lifeway's products are distributed across multiple countries, including the U.S., Mexico, Ireland, South Africa, the UAE, and France [5].