• Lifeway’s largest shareholder Edward Smolyansky urged investors to vote against the full board at the June 17 annual meeting.
• Smolyansky framed the call as a protest over governance, citing the board’s termination of a poison pill only following an ISS recommendation against all directors.
• He also criticized the board refresh process, pointing to the return of Jason Scher to the director slate despite concerns over ties to management.

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: 202606081230PR_NEWS_USPR_____CG77847) on June 08, 2026, and is solely responsible for the information contained therein.