Edward Smolyansky Launches Campaign to Replace Board of Directors at Lifeway Foods (NASDAQ: LWAY)
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Edward Smolyansky has initiated a campaign to replace the board of directors at Lifeway Foods (NASDAQ: LWAY) due to concerns over the company's declining value. He, along with Ludmila Smolyansky, owns a significant stake in the company and has submitted a Notice for new board nominees for the 2025 Annual Meeting.
March 18, 2025 | 11:30 am
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Edward Smolyansky, a major shareholder, is campaigning to replace Lifeway Foods' board due to concerns over declining company value. This move could lead to significant changes in company governance and strategy.
The campaign by a major shareholder to replace the board indicates potential changes in company governance and strategy, which could positively impact the stock if investors believe these changes will address the company's value erosion.
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