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Edward Smolyansky Announces Campaign Updates, Files Revised Preliminary Consent Statement to Remove and Replace Lifeway Foods' Directors

On June 2, 2025, Edward and Ludmila Smolyansky filed a revised preliminary consent statement in Chicago to remove and replace Lifeway Foods' directors.
The filing follows concerns over Lifeway Foods' disappointing Q1 2025 results, including sharp operational declines despite a reported 44% GAAP earnings increase.
The Smolyanskys criticized the Board's governance, highlighting the CEO/Chair combined role as a failure, declining margins, a troubled Glen Oaks acquisition, and questionable insider stock sales.
Edward Smolyansky explained that after evaluating various options, they concluded that pursuing a consent process represents the fastest and most effective way to reach their objectives. He also expressed optimism that the investment community broadly supports prompt and decisive action.
The Smolyanskys urge prompt steps to improve management effectiveness, realign interests with shareholders, and enhance sustainable value, contending that only a refreshed independent Board can deliver better results.

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Edward Smolyansky Announces Campaign Updates, Files Revised Preliminary Consent Statement to Remove and Replace Lifeway Foods' Directors

CHICAGO, June 2, 2025 /PRNewswire/ -- Edward and Ludmila Smolyansky, beneficial owners of approximately 27% of Lifeway Foods (NASDAQ: LWAY), today issued a statement expressing serious concerns about the company's Q1 2025 performance and what they describe as the Board's…

3 days ago

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