06/05/2026 | Press release | Distributed by Public on 06/05/2026 15:02
| Item 1.02. | Termination of a Material Definitive Agreement. |
The information set forth in Item 3.03 below is incorporated by reference in this Item 1.02.
| Item 3.03. | Material Modification to Rights of Security Holders. |
On June 5, 2026, the Board of Directors (the "Board") of Lifeway Foods, Inc. (the "Company) authorized and directed the Company to redeem the preferred share purchase rights (each, a "Right") outstanding under the previously disclosed Shareholder Rights Agreement, dated November 4, 2024, as amended on October 29, 2025 (the "Rights Agreement"), with Computershare Trust Company, N.A., as rights agent, effective as of June 5, 2026. Upon such redemption, the Rights will terminate and the only right thereafter of the holders of Rights shall be to receive the redemption price of $0.001 for each Right so held and the Rights Agreement will terminate and be of no further force or effect.