ISS recommends Lifeway shareholders reject dissident consent solicitation

Lifeway Foods, Inc.

ISS recommends shareholders 'DO NOT VOTE' on all proposals in Ludmila & Edward Smolyansky-led consent solicitation.
ISS concluded dissident group 'has not presented a compelling case for change' and lacks a clear plan.
ISS noted Lifeway's financial performance positive with share price rally, outperforming peers.
ISS stated dissident nominees include individuals who contributed to past governance concerns.
CEO Julie Smolyansky encourages shareholders to follow ISS guidance and take no action on the solicitation.

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