FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is listed on the Nasdaq Global Market
−Removed: under the symbol “LWAY.” Trading commenced on March 29, 1988.
−Removed: As of March 14, 2023, there were approximately 49 holders of
−Removed: record of Lifeway’s Common Stock, one of which was Cede & Co., a nominee for Depository Trust Company, or DTC, and 73 financial
−Removed: institutions as nominees for beneficial owners or in “street name” the shares of which were deposited into participant accounts
−Removed: at DTC and are considered to be held of record by Cede & Co.
−Removed: as one stockholder.
−Removed: Common stock price
−Removed: The following table shows the high and low sale prices
−Removed: per share of our common stock as reported on the Nasdaq Global Market for each quarter during the two most recent fiscal years:
−Removed: Common Stock Price Range
−Removed: First Quarter
−Removed: Second Quarter
−Removed: Third Quarter
−Removed: Fourth Quarter
−Removed: First Quarter
−Removed: Second Quarter
−Removed: Third Quarter
−Removed: Fourth Quarter
+Added: The Company’s common stock is listed on
+Added: the Nasdaq Global Market under the symbol “LWAY.” Trading commenced on March 29, 1988.
+Added: As of March 7, 2024, there were approximately
+Added: 53 shareholders of record of our common stock.
Dividend Policy
4 unchanged sentences
2023 or 2022.
−Removed: Issuer Purchases of Equity Securities
+Added: Purchases of Equity Securities by the Issuer
Total number of shares purchased
Average price paid
−Removed: Total number of shares purchased as part of a publicly announced program (a)
+Added: Total number of shares purchased as part of a publicly announced program
Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs
4 unchanged sentences
Fiscal Year 2023
−Removed: During the fourth quarter of 2015, Lifeway publicly announced a share repurchase program.
−Removed: On November 1, 2017, our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of $5,185 or 625 shares.
−Removed: The program has no expiration date.
−Removed: As of April 2020, the Company had reached the amended threshold of 625 shares and therefore no shares of common stock remain available to be purchased under the 2017 Repurchase Plan Amendment.
−Removed: On June 24, 2021, our Board authorized a plan to repurchase up to 250 shares of Common Stock in the open market within 24 months at no more than $10 per share (the “2021 Repurchase Plan”).
−Removed: As of December 31, 2021, the Company had reached the threshold of 250 shares and therefore no shares of common stock remain available to be purchased under the 2021 Repurchase Plan Amendment.
−Removed: On November 7, 2022, the Company entered into a Stock Purchase Agreement
−Removed: with Ludmila Smolyansky (“Ms.
+Added: On November 7, 2022, the Company entered into a Stock Purchase Agreement with Ludmila Smolyansky (“Ms.
Smolyansky”), to purchase 850,340 shares of Lifeway common stock from Ms.
−Removed: Smolyansky in a privately
−Removed: negotiated share repurchase (the “Share Repurchase”).
+Added: Smolyansky in a privately negotiated share repurchase (the “Share Repurchase”).
The Share Repurchase closed on November 30, 2022.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.