Lifeway Foods refutes Smolyansky family misstatements regarding CEO, board, share sale

Lifeway Foods, Inc.

Julie Smolyansky did not attend board vote on her retention bonus; independent directors voted only.
Special committee reaffirmed independence of directors Scher, Sikar after 2021 investigation.
Edward Smolyansky's failed share sale was due to incomplete documentation, not company interference.
Ludmila Smolyansky sold shares successfully after providing required documents to transfer agent.
Letter demands cease and desist of defamatory statements about CEO and Company.

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