Amendment No. 25 to Schedule 13D for Lifeway Foods, Inc.
Amendment No. 25 to the Schedule 13D filed by Ludmila Smolyansky, Edward Smolyansky, and The Edward Smolyansky Trust 2/2/16 provides additional information regarding their holdings and intentions. Edward Smolyansky has notified Lifeway Foods, Inc. of his intent to nominate George Sent for election to the issuer's board of directors at the 2025 annual meeting of shareholders. Additionally, he plans to propose the establishment of a new committee of the Board of Directors to evaluate the issuer's executive management team, strategic plan, and alternatives. The filing also details the beneficial ownership of shares by the filing persons, with Ludmila Smolyansky owning approximately 6.1%, Edward Smolyansky owning approximately 20.0%, and The Edward Smolyansky Trust owning approximately 8.1% of the outstanding shares of Common Stock. The filing persons together own approximately 25.7% of the outstanding shares.