Lifeway Foods (LWAY) Proxy Filing summary

Executive summary

• ISS recommended voting for all company board nominees and withholding votes from dissident nominees at the 2025 annual meeting scheduled for December 29, 2025.

• Shareholders are encouraged to vote in advance using the WHITE proxy card or online methods.

Voting matters and shareholder proposals

• Shareholders will vote on the election of eight board nominees, with ISS supporting the company's slate and recommending votes be withheld from two dissident nominees.

Board of directors and corporate governance

• Board nominees include Kirk Chartier, Juan Carlos Dalto, Rachel Drori, Andee Harris, Susie Hultquist, Dorri McWhorter, Jason Scher, and Julie Smolyansky.

• Dissident nominees are George Sent and Edward Smolyansky.

• All independent directors and certain executive officers are participants in the proxy solicitation.