Lifeway Foods responds to Edward Smolyansky's bid to replace entire board

Lifeway Foods, Inc.

Edward Smolyansky nominated seven candidates to replace Lifeway's entire Board at the 2025 annual meeting.
Smolyansky was previously terminated for cause as an officer of the company.
Lifeway reported record full-year 2024 revenue and its 22nd consecutive quarter of growth.
Board Audit Committee will review nominees; recommendation to follow.
Company says shareholders need not take any action at this time.

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