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<SEC-DOCUMENT>0001072613-04-000310.txt : 20040213
<SEC-HEADER>0001072613-04-000310.hdr.sgml : 20040213
<ACCEPTANCE-DATETIME>20040213165414
ACCESSION NUMBER:		0001072613-04-000310
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040212
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIFEWAY FOODS INC
		CENTRAL INDEX KEY:			0000814586
		STANDARD INDUSTRIAL CLASSIFICATION:	DAIRY PRODUCTS [2020]
		IRS NUMBER:				363442829
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17363
		FILM NUMBER:		04599975

	BUSINESS ADDRESS:	
		STREET 1:		6431 W OAKTON
		CITY:			MORTON GROVE
		STATE:			IL
		ZIP:			60053
		BUSINESS PHONE:		7089671010

	MAIL ADDRESS:	
		STREET 1:		6431 W OAKTON
		CITY:			MORTON GROVE
		STATE:			IL
		ZIP:			60053
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k_12496.txt
<DESCRIPTION>FORM 8-K DATED FEBRUARY 12, 2004
<TEXT>
================================================================================


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): February 12, 2004


                               LIFEWAY FOODS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         ILLINOIS                       0-17363                  36-3442829
- ----------------------------    ------------------------      ----------------
(State or other jurisdiction    (Commission File Number)      (I.R.S. Employer
     of incorporation)                                       Identification No.)


                              6431 West Oakton St.
                             Morton Grove, IL 60053
               --------------------------------------------------
               (Address of principal executive offices, zip code)


       Registrant's telephone number, including area code: (847) 967-1010


                                       N/A
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

================================================================================
<PAGE>

                               LIFEWAY FOODS, INC.

ITEM 5. OTHER INFORMATION.

     On February 12, 2004, the Board of Directors of Lifeway Foods, Inc. (the
"Company") declared by resolution a two-for-one stock split of the common stock
of the Company payable on March 8, 2004 to all of the Company's stockholders of
record as of February 27, 2004. Attached as an exhibit to this current report is
a press release issued by the Company on February 13, 2004 regarding the
foregoing. The attached press release is incorporated by reference herein.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS

        (c) Exhibits. The following exhibits are filed with this report:

              Exhibit 99.1 - Press Release dated February 13, 2004.



















<PAGE>

                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

     Dated February 13, 2004

                                    LIFEWAY FOODS, INC.


                                    By: /s/ Julie Smolyansky
                                        ----------------------------------
                                        Julie Smolyansky
                                        Chief Executive Officer, Chief Financial
                                        and Accounting Officer, President,
                                        Treasurer and Director


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>exhibit99-1_12496.txt
<DESCRIPTION>PRESS RELEASE DATED FEBRUARY 13, 2004
<TEXT>
                                                                    EXHIBIT 99.1
                                                                    ------------

PRESS RELEASE DATED FEBRUARY 13, 2004

Lifeway Foods, Inc.
For Immediate Release


                  Lifeway Foods Announces Its First Stock Split


Morton Grove, IL, February 13, 2004 - Lifeway Foods, Inc. (Nasdaq: LWAY)
announced today that on February 12, 2004 its Board of Directors has declared a
two-for-one split of its common stock. The stock split will be payable March 8,
2004 to all Lifeway Foods stockholders of record as of February 27, 2004.


As a result of the stock split, shareholders will receive two shares of common
stock for every one share held on the record date. Upon completion of the split,
the total number of shares of common stock outstanding will increase from
approximately 4,218,444 million to approximately 8,436,888 million.


"Given the strength of our stock price, our solid financial performance over the
past years and our positive outlook, we are confident that a split will make our
stock more attractive and accessible to a wider variety of investors," said
Julie Smolyansky, President and Chief Executive Officer of Lifeway Foods. "We
have significant opportunities ahead of us, and we will continue to focus on
delivering outstanding results and value to our shareholders."


Lifeway, named as Chicago's 28th fastest-growing public firms by Crain's Chicago
Business, is a manufacturer of cultured, probiotic and functional food products
in the health food industry, and is America's leading supplier of the cultured
dairy product known as kefir. The Company markets 12 flavors of kefir and does a
successful business exporting its products to Canada. The Company also
participates in the organic and soy markets with Lifeway Organic(TM), Organic
Kefir and Kefir Cheese, and America's first soy kefir called SoyTreat(TM).


For more information, contact Julie Smolyansky, President, Lifeway Foods, Inc.
at (847) 967-1010, e-mail at info@lifeway.net, or visit WWW.KEFIR.COM.
                                                        -------------

This document includes certain "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may differ materially
from these expectations due to changes in economic, business, competitive,
market and regulatory factors. More information about these factors and their
effects on company performance is contained in filings made by Lifeway Foods,
Inc. with the U.S. Securities and Exchange Commission including, but not limited
to, the annual report on Form 10-K. Information regarding securities filings
made by Lifeway Foods, Inc. may be found by visiting the company's website at
www.kefir.com.



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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