Smolyansky Launches Proxy Fight to Oust Lifeway Foods Board Members

Reuters12-06

Smolyansky Launches Proxy Fight to Oust Lifeway Foods Board Members

Edward Smolyansky, a significant shareholder and former executive at Lifeway Foods Inc., has intensified his campaign for board changes ahead of the company's 2025 Annual Meeting of Shareholders. Along with his mother and co-founder, Ludmila Smolyansky, Edward Smolyansky holds a combined 26.17% stake in the company. In a letter to shareholders, he criticized the current board for governance failures and called for further reform, including the removal of legacy directors. The activism follows a recent Cooperation Agreement between Lifeway Foods and its largest shareholder, Danone North America PBC, which mandates governance changes such as separating the CEO and Chair roles and adding four new independent directors. Edward Smolyansky has filed a Definitive Proxy Statement with the U.S. Securities and Exchange Commission, urging shareholders to support his nominees using the GREEN Universal Proxy Card at the meeting, which was rescheduled from June to December 29, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lifeway Foods Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CG40138) on December 05, 2025, and is solely responsible for the information contained therein.

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