Lifeway Foods, Inc. issued a statement on March 24, 2025, acknowledging Edward Smolyansky's nomination notice for seven candidates to replace the Company's entire Board of Directors. Lifeway stated that its Audit and Corporate Governance Committee will review Mr. Smolyansky's nominees.
The company noted that Edward Smolyansky was previously terminated for cause as an officer of the company. Lifeway's leadership and Board expressed pride in the brand's growth, citing record full-year 2024 revenue and its 22nd consecutive quarter of growth.
Lifeway reiterated its primary focus on business opportunities and momentum, driven by consumer interest in a healthy microbiome. The company stated it maintains a consistent dialogue with shareholders and welcomes constructive input on creating shareholder value.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.