Edward Smolyansky Responds to ISS Board Recommendation

Highlights ISS concerns around Lifeway's governance, board practices and composition CHICAGO, Dec. 19, 2025 /PRNewswire/ -- Edward Smolyansky, largest individual shareholder of Lifeway Foods, Inc. (Nasdaq: LWAY), today drew attention to critical governance concerns identified by Institutional Shareholder Services ("ISS") in its recent proxy analysis. Mr. Smolyansky's full letter to the shareholders can be accessed here. In its report, ISS questioned Lifeway's approach to shareholder and proxy advisor engage ...