Lifeway Foods shareholders elect board slate, reject charter amendments; say-on-pay passes with strong opposition

Lifeway Foods, Inc.

All 8 company-nominated directors elected; opposition nominees George Sent and Edward Smolyansky not elected.
Proposal to adopt director exculpation and indemnification amendments failed; ~3.59M abstentions contributed.
Shareholders ratified Grant Thornton as auditor with ~9M For votes.
Advisory say-on-pay passed with ~6.59M For vs ~5.78M Against; close margin.
Annual frequency for say-on-pay adopted; shareholder proposal for strategic review committee defeated.

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