Accessibility StatementSkip Navigation MORTON GROVE, Ill., Nov. 5, 2025 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today announced it will report financial results for the third quarter ended September 30, 2025 on November 12, 2025 before market hours. SOURCE Lifeway Foods, Inc. 21% more press release views with Request a Demo Also from this source Lifeway Foods Awarded on TI ...

Accessibility StatementSkip Navigation Leading kefir company ranks 33 overall and 2 among Food & Beverage companies MORTON GROVE, Ill., Nov. 3, 2025 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), the leading U.S. supplier of kefir and fermented probiotic products that support the microbiome, is proud to announce its inclusion in the America's Growth Leaders 2026 list, a distinguished ranking honoring companies demonstrating exceptional growth performance, financial sta ...

Core Viewpoint - Lifeway Foods has entered into a Cooperation Agreement with Danone North America, which includes a board refreshment plan and a stay on pending litigation related to the Stockholders' Agreement, aimed at maximizing shareholder value and ensuring good governance practices [1][3][4]. Board Refreshment - Lifeway will appoint three independent directors by October 30, 2025, and one additional independent director by November 14, 2025, selected by the Board's Strategic Review Committee [4]. - The roles of Chair and CEO will be separated by the earlier of October 30, 2025, or the appointment of the third new independent director, with an independent director appointed as Chair [4]. - Current board members Pol Sikar and Jay Scher will step down by the 2025 and 2026 annual meetings, respectively [4]. Litigation and Stockholders' Agreement - Lifeway and Danone have agreed to jointly stay pending litigation related to the Stockholders' Agreement [4]. - Lifeway will comply with the Stockholders' Agreement without contesting its validity, while Danone waives certain rights under the agreement, including the right to appoint a board member [4]. Future Solicitations and Compensation - Danone will support the Board's recommendations regarding board composition and organizational documents if a special meeting or consent solicitation is called by Edward or Ludmila Smolyansky before June 30, 2026 [4]. - Lifeway's Compensation Committee is permitted to issue equity-based compensation to management, excluding Julie Smolyansky and her relatives, to attract and retain talent [4]. Capital Allocation and Growth - Lifeway is evaluating capital allocation alternatives to maximize shareholder value in light of the changes from the Cooperation Agreement [3]. - Julie Smolyansky, CEO, emphasized the importance of resilience, innovation, and community in moving forward with the agreement to enhance growth and shareholder value [5].

Core Viewpoint - Lifeway Foods remains focused on enhancing shareholder value following Danone's withdrawal of its acquisition proposal, emphasizing the execution of its strategic growth plan [1][2]. Financial Performance - Lifeway achieved record net sales of $53.9 million in Q2 2025, marking an 18% year-over-year increase on a comparable basis [6]. - In the first two months of Q3 2025, Lifeway recorded $39.1 million in unaudited net sales, representing a 20% year-over-year increase [6]. - The company has maintained a track record of 22 consecutive quarters of growth, solidifying its position as a retail dairy innovator [6]. Strategic Initiatives - A Strategic Review Committee has been formed, consisting solely of independent directors, to oversee the exploration of opportunities to maximize shareholder value [2]. - Lifeway is committed to executing its growth strategy and exploring value-enhancing opportunities for shareholders, employees, partners, and customers [1][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 that includes drinkable kefir and a ProBugs® line for children [4]. - The company's products are distributed across multiple countries, including the U.S., Mexico, Ireland, South Africa, the UAE, and France [4].