Lifeway Foods Shareholders Urged to Withhold Votes Amid Governance Criticism
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Edward Smolyansky, a major shareholder of Lifeway Foods Inc., has urged shareholders to withhold votes from certain board members, citing governance concerns. He highlighted issues under former CEO Julie Smolyansky and current Chair Dorri McWhorter, who admitted to being unaware of a 2023 activist letter. Smolyansky plans to nominate himself and George Sent for the board. Shareholders are advised to review the upcoming Proxy Statement for more details.
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