Lifeway Foods director Ludmila Smolyansky resigns, cites disagreement; company refutes

Lifeway Foods, Inc.

Ludmila Smolyansky resigned from Lifeway board on May 16, 2023, citing disagreement with board over business/management opinions.
Company disputes her characterizations; highlights net sales grew 51% from FY2019 to FY2022 (14.8% CAGR) and record revenue in 2022.
Q1 2023 net sales up 11.2% YoY; gross profit margin improved 530 bps YoY.
Under July 2022 Settlement Agreement, vacancy remains until nominee from Smolyansky & son is appointed after qualification.
Smolyansky was nominated for reelection at 2023 Annual Meeting; no changes to proxy statement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.