Lifeway Foods Receives ISS Recommendation Supporting Company Nominees

Core Viewpoint - Lifeway Foods, Inc. has received a recommendation from Institutional Shareholder Services (ISS) for shareholders to vote in favor of all the company's director nominees and to withhold votes from the dissident nominees at the upcoming 2025 Annual Meeting of Shareholders scheduled for December 29, 2025 [1]. Group 1: ISS Recommendations - ISS recommends shareholders vote "FOR" the following Board Nominees: Kirk Chartier, Juan Carlos ("JC") Dalto, Rachel Drori, Andee Harris, Susie Hultquist, Dorri McWhorter, Jason Scher, and Julie Smolyansky [1]. - ISS recommends shareholders "WITHHOLD" votes from the Dissident Nominees: George Sent and Edward Smolyansky [1]. Group 2: Company Overview - Lifeway Foods, Inc. is recognized as a leading supplier of kefir and fermented dairy products in the U.S. and has been acknowledged as one of America's Growth Leaders by TIME, Dairy Foods' Processor of the Year 2025, and one of Forbes' Best Small Companies [3]. - The company produces a variety of products including drinkable kefir, cheeses, and a ProBugs® line for kids, with its products sold across multiple countries including the U.S., Mexico, Ireland, South Africa, United Arab Emirates, and France [3]. Group 3: Shareholder Voting Information - The company encourages shareholders to vote their shares in advance of the meeting by returning the WHITE proxy card or voting via the Internet or QR code as instructed on the WHITE proxy card [2].