Independent
Tenure on this board
0.6 yrs
Meeting calendar
LWAY · Annual meeting · Monday, December 29, 2025Contested
Lifeway Foods Inc
8 nominees · 6 ballot items · contested.
Six proposals are on the Lifeway Foods, Inc. proxy ballot: (1) election of eight directors from the Board’s slate; (2) amendments to the Articles of Incorporation to provide for restatement, director exculpation and director indemnification; (3) ratification of Grant Thornton as Lifeway’s independent auditor for fiscal year 2025; (4) a non-binding advisory vote on executive compensation (Say-on-Pay); (5) a non-binding advisory vote on the frequency of future Say-on-Pay votes; and (6) a non-binding shareholder proposal to form a board committee to review management, strategy and alternatives submitted by Edward Smolyansky, which the Board opposes.
Market cap
$488M
1Y TSR
+17.4%
Board grade
C
Record date
Nov 5, 2025
Filing
DEFC14A
Meeting concluded · Dec 29, 2025
Follow how the vote landed and what changed on Lifeway Foods Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot6
- 1
Election of eight (8) members of Lifeway’s Board of Directors to serve until the 2026 Annual Meeting (or until successors are elected and qualified
ManagementBoard: FORElect eight directors; Board’s slate is FOR and includes eight nominees, with two Opposition Nominees. The Board recommends voting FOR the Board’s nominees.
- 2
Approval and Adoption of Amendment to Articles to Provide for Restatement, Director Exculpation and Director Indemnification
ManagementBoard: FORRestate the Articles to implement ministerial changes and to provide for director exculpation and indemnification (two amendments: Restatement/Exculpation and Indemnification).
- 3
Ratify Grant Thornton as our independent auditor for fiscal year 2025
ManagementBoard: FORRatify Grant Thornton LLP as Lifeway’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
- 4
Non-binding advisory vote on executive compensation
ManagementBoard: FORAdvisory vote on the compensation paid to Lifeway’s named executive officers (Say-on-Pay).
- 5
Non-Binding advisory vote on FREQUENCY OF FUTURE ADVISORY VOTES TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION
ManagementBoard: FORAdvisory vote on how often Lifeway should hold Say-on-Pay votes (every year, every two years, or every three years).
- 6
Non-Binding Shareholder Proposal to form A COMMITTEE OF THE BOARD to conduct reviews of the company’s management, the Company’s strategic plan and the company’s strategic alternatives
Shareholder — Edward SmolyanskyBoard: AGAINSTEdward Smolyansky's proposal to form a Board committee of two or more independent directors (appointed after Sept 30, 2025) to evaluate management performance, strategy and strategic alternatives, with ability to retain external advisors.
Director elections
Nominees on the ballot8
Independent
Tenure on this board
3.9 yrs
Independent
Tenure on this board
0.7 yrs
Independent
Tenure on this board
0.7 yrs
Independent
Tenure on this board
0.6 yrs
Independent
Tenure on this board
6.0 yrs
Also a director at
Lanzatech Global Inc (LNZA)
Independent
Tenure on this board
13.9 yrs
Not independent
Tenure on this board
24.5 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Divisadero Street Capital Management, LP | 9.2% | 1,408,768 | $27M |
| 2 | Cresset Asset Management, LLC | 3.3% | 508,232 | $10M |
| 3 | RENAISSANCE TECHNOLOGIES LLC | 2.4% | 368,671 | $7M |
| 4 | TUDOR INVESTMENT CORP ET AL | 1.7% | 266,398 | $5M |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 1.7% | 262,061 | $5M |
| 6 | DIMENSIONAL FUND ADVISORS LP | 1.4% | 215,453 | $4M |
| 7 | GAMCO INVESTORS, INC. ET AL | 1.4% | 214,650 | $4M |
| 8 | BlackRock, Inc. | 1.2% | 181,341 | $4M |
| 9 | Slotnik Capital, LLC | 1.0% | 157,473 | $3M |
| 10 | TWO SIGMA INVESTMENTS, LP | 0.8% | 119,629 | $2M |
Peers
Nearest market capOther Consumer Defensive sector meetings6
Upcoming shareholder meetings at Lifeway Foods Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Helen Of Troy LtdHELE
Annual meeting·Aug 25, 2026·$655M
Seneca Foods CorpSENEA
Annual meeting·Aug 6, 2026·$1.2B
Universal CorpUVV
Annual meeting·Aug 4, 2026·$1.3B
Mcgraw Hill IncMH
Annual meeting·Aug 11, 2026·$1.9B
Spectrum Brands Holdings IncSPB
Annual meeting·Aug 5, 2026·$2.1B
Elf Beauty IncELF
Annual meeting·Aug 20, 2026·$4.4B
Reference
Frequently asked questions
- When is the Lifeway Foods Inc 2025 annual meeting?
- Lifeway Foods Inc (LWAY) holds its 2025 annual shareholder meeting on Monday, December 29, 2025.
- What is the record date for the Lifeway Foods Inc 2025 meeting?
- The record date for the Lifeway Foods Inc 2025 meeting is Wednesday, November 5, 2025. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Lifeway Foods Inc's 2025 meeting?
- The board is presenting 8 director nominees at the Lifeway Foods Inc 2025 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Lifeway Foods Inc 2025 meeting?
- Shareholders will vote on 6 proposals at the Lifeway Foods Inc 2025 meeting, each tagged with who proposed it and the board's recommendation.
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