Edward Smolyansky, the largest shareholder and a nominee for director at Lifeway Foods Inc., has issued a critical update to fellow shareholders ahead of a pivotal vote at the company's shareholder meeting. Smolyansky is urging shareholders to vote for change by supporting the election of himself and George Sent as directors, and to approve Proposal 6, which calls for the formation of an independent Strategic Review & Performance Committee. He is also recommending that shareholders withhold votes for current directors Julie Smolyansky, Dorri McWhorter, and Jason Scher. Smolyansky's campaign argues that an independent and credible board is necessary to oversee a strategic review and potential sale process, citing previously rejected unsolicited offers from Danone as missed opportunities for shareholder value. The activist group also raises concerns about executive compensation and corporate governance practices, promising greater oversight and transparency if elected. Shareholders are encouraged to vote using the GREEN proxy card to support the dissident nominees and the proposed governance reforms.
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: CG44872) on December 11, 2025, and is solely responsible for the information contained therein.
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