#United States #Lifeway Foods #Smolyansky #Morton Grove #Kefir

Lifeway Foods Addresses Shareholder Concerns

Lifeway Foods, Inc. has made clear its position regarding the recent consent solicitation initiated by Edward and Ludmila Smolyansky, urging all shareholders to disregard their unlawful submission. The company, recognized as a leader in providing Kefir and fermented probiotic products, voiced its commitment to maintaining investor trust and maximizing shareholder value.

On July 3, 2025, Lifeway Foods officially responded to the Smolyanskys' consent solicitation statement, stating that it violates both Illinois law and the company's own organizational requirements. The Smolyanskys have improperly attempted to set a record date for their proposals, despite lacking the authority to do so and failing to give all shareholders the necessary notice, as required prior to taking any action by written consent.

Lifeway's track record speaks for itself. Over the past five years, the company has delivered impressive returns to its shareholders, boasting an increase of 788% up until the point of a competing takeover bid from Danone. In addition to these returns, the company's revenue has nearly doubled, seeing close to 100% growth from fiscal year 2019 through fiscal year 2024.

In light of these strong results, Lifeway is keen to sustain this forward momentum. The company is committed to its growth strategy, which has promised significant returns and has established robust financial health. Lifeway's management, including CEO Julie Smolyansky, has emphasized that their focus remains on advancing the company’s market position to benefit all shareholders.

The Smolyanskys' recent filings and communications are declared to be legally deficient by Lifeway's leadership. Therefore, shareholders are urged to dismiss any statements made by the Smolyanskys that could mislead them or violate legal standards. The company underscores that compliance with applicable laws and regulations is crucial, and any attempt to overstep legally defined boundaries will be contested rigorously.

Lifeway Foods, distinguished as one of Forbes' Best Small Companies, has been serving not only American consumers but also international markets with its array of probiotic products, including drinkable Kefir and various cheeses, as well as its ProBugs line aimed at children. As Lifeway expands its footprint, products are now available in markets across the United States, Mexico, Ireland, South Africa, the United Arab Emirates, and France.

In the upcoming weeks, Lifeway is preparing to file a proxy statement with the U.S. Securities and Exchange Commission (SEC) related to the solicitation of votes by shareholders for its annual meeting. The company strongly encourages shareholders to review the definitive proxy statement, the accompanying BLUE proxy card, and additional documents that will soon be available.

The company makes it clear: shareholders should retain confidence in Lifeway's management and direction, while disregarding erroneous claims from the Smolyanskys. Lifeway's commitment to enhancing its business while ensuring compliance with governance and legal standards remains steadfast, ensuring that all shareholders can have faith in the company’s strategy and future.

As Lifeway moves forward, it invites its team and shareholders to stay informed through regular updates, available on their official website and through SEC disclosures. Lifeway is poised for continued success, as it champions its dedication to quality and shareholder satisfaction with confidence.