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].

Core Viewpoint - Tejon Ranch Co. is urging shareholders to vote for its 10 director nominees in the upcoming Annual Meeting, emphasizing the importance of maintaining a qualified board for the company's long-term growth and strategic value creation [1][2][6]. Group 1: Company Strategy and Governance - The Board of Directors and executive team have positioned Tejon for long-term growth, highlighting the critical nature of the upcoming vote for shareholders [2]. - Tejon's directors possess essential expertise in California's commercial and residential real estate industry, which is vital for the company's success [4]. - Independent third-party proxy advisory firms, including ISS, Glass Lewis, and Egan-Jones, have endorsed Tejon's director nominees, recognizing their capability to drive the company forward [5]. Group 2: Opposition and Risks - Bulldog Investors is attempting to replace Tejon's directors with individuals lacking relevant experience in real estate development, which could jeopardize the company's growth [3]. - Bulldog's campaign is characterized by a lack of a credible plan, raising concerns about its potential impact on Tejon's strategic initiatives [3]. Group 3: Voting Information - Shareholders are encouraged to vote for Tejon's 10 director nominees using the WHITE proxy card, with the company emphasizing that every vote is important regardless of the number of shares owned [6][7].

Core Viewpoint - Tejon Ranch Co. urges shareholders to vote for its 10 director nominees on the WHITE proxy card, emphasizing the inexperience and potential risks associated with Bulldog Investors' nominees [1][2][3]. Group 1: Tejon's Position - Tejon's Annual Meeting is scheduled for May 13, 2025, and shareholders are encouraged to vote for the company's qualified director nominees [2][3]. - Tejon's Board highlights its commitment to shareholder engagement and value creation, contrasting with Bulldog's lack of constructive engagement [4][6]. - The company asserts that Bulldog's nominees lack relevant experience in real estate and management, which could disrupt the Board's effectiveness [5][7]. Group 2: Bulldog's Campaign - Bulldog Investors is characterized as a hedge fund with a history of proxy campaigns, attempting to install three unqualified individuals on Tejon's Board [3][6]. - Independent third parties, including major proxy advisory firms, have recognized deficiencies in Bulldog's campaign and the inexperience of its nominees [11][12]. - Bulldog's nominees are criticized for lacking experience in real estate and California's regulatory environment, which is essential for Tejon's operations [10][13]. Group 3: Shareholder Communication - Tejon plans to enhance shareholder communication through annual investor days and ongoing engagement with shareholders regarding governance practices [9]. - The company emphasizes the importance of voting for its nominees to protect the long-term value of investments in Tejon [16][17]. - Tejon's Board is committed to sustainable and long-term value creation, contrasting with Bulldog's unclear agenda and lack of a compelling case for change [18].