Ludmila and Edward Smolyansky Seek Consent for Board Removal and Director Election Proposals at Lifeway Foods, Inc (LWAY)
Key Summary: On October 15, 2021, Ludmila and Edward Smolyansky announced their plan to nominate up to three directors at the 2021 AGM. By March 11, 2022, Edward aimed to nominate several directors and push for CEO replacement and strategic review. After a settlement on July 27, 2022, Edward withdrew his proxy contest, with the Company agreeing to new …