of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing.

Entry into a Material Definitive Agreement. On June 30, 2026, Lifeway Foods, Inc. (“Lifeway”) and CIBC Bank USA, Lifeway’s current lender (the “Lender”) entered into a Master Security Agreement (the “MSA”). The MSA provides for loan advances under an Interim Funding Agreement (the “Interim Funding Agreement”) to finance or refinance the acquisition of equipment, subject to Lender’s acceptance of collateral documentation, up to $22,000,000 in the aggregate, during an interim funding period whi…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

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 r…

Termination of a Material Definitive Agreement. The information set forth in

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing.

Entry into a Definitive Material Agreement. Underwriting Agreement 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 pub…

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing. This Current Report and Ex…

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing.

The filing describes changes to compensation plans and forms, not a management change.

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing. This Current Report and Ex…

Entry into a Material Definitive Agreement. 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”).…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in

Director — Kirk Chartier, Susan Hultquist: Two new directors were appointed to the Board.

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing.

director — Perfecto Sanchez: Perfecto Sanchez resigned as a director of Lifeway Foods, Inc.

Director — Andee Harris, Rachel Drori: Appointment of new directors to the Board.

Material Modification to Rights of Security Holders. The information set forth under

Entry into a Material Definitive Agreement. On October 29, 2025, the board of directors (the “ Board ”) of Lifeway Foods, Inc., an Illinois corporation (the “ Company ”), approved and adopted, and on October 29, 2025, the Company and Computershare Trust Company, N.A., as rights agent (and any successor rights agent, the “ Rights Agent ”), entered into, that certain Amendment No. 1 to Shareholder Rights Agreement (the “ Amendment ”), which amends the shareholder rights agreement, dated as of N…

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing. This Current Report and Ex…

Entry into a Material Definitive Agreement. On September 30, 2025, Lifeway Foods, Inc., an Illinois corporation (the “Company”), entered into a Cooperation Agreement (the “Cooperation Agreement”) with Danone North America PBC, a Delaware public benefit corporation (“Danone”). The Cooperation Agreement includes covenants relating to the Stockholders’ Agreement, dated as of October 1, 1999 (as amended, the “Stockholders’ Agreement”), by and among the Company, Danone Foods, Inc., Michael Smolyan…

director — Jody Levy: Ms. Levy resigned as a director without any disagreement with the Company’s operations, policies or practices.

of Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing regardless of any general incorporation language in such filing.

Entry into a Material Definitive Agreement. On June 16, 2025, Lifeway Foods, Inc. (the “Company”) entered into an agreement (the “Separation Agreement”) with Amy Feldman, that provides for certain separation benefits to Amy Feldman in relation with her termination by the Company, as reported in the Company’s Current Report on Form 8-K filed on March 6, 2025. Pursuant to the Separation Agreement, the Company has agreed, among other things, to (i) pay Amy Feldman a single lump sum of $555,313.1…

Senior Executive Vice President of Sales — Amy Feldman: The position was eliminated as part of organizational restructuring.