Lifeway Foods Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 14, 2024, at annual meeting of stockholders (the “Annual Meeting”) of Lifeway Foods, Inc. (the “Company”), we submitted three matters to a vote of securities holders. Proxies for the Annual Meeting were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. The persons named as proxies on the proxy card voted in the manner indicated on the submitted proxy card and there was no solicitation of proxies in opposition to the nominees as listed in the proxy statement. All of the nominees were elected to the Board. Details of the voting are provided below:
Proposal 1:
To elect seven (7) members of the Company's Board of Directors to serve until the 2025 Annual Meeting of Shareholders (or until successors are elected and qualified).
| NOMINEE | FOR | AGAINST | ABSTAIN | BROKER NON-VOTES |
| Juan Carlos Dalto | 10,297,647 | 1,657,544 | 2,291 | 1,506,249 |
| Jody Levy | 11,620,531 | 334,680 | 2,271 | 1,506,249 |
| Dorri McWhorter | 11,586,373 | 368,835 | 2,274 | 1,506,249 |
| Perfecto Sanchez | 11,937,382 | 17,807 | 2,293 | 1,506,249 |
| Jason Scher | 11,448,138 | 507,038 | 2,306 | 1,506,249 |
| Pol Sikar | 11,898,425 | 56,816 | 2,241 | 1,506,249 |
| Julie Smolyansky | 11,934,772 | 20,454 | 2,256 | 1,506,249 |
Proposal 2:
To ratify Grant Thornton LLP as the Company’s independent auditor for fiscal year 2024.
| FOR: | 13,448,852 |
| AGAINST: | 4,173 |
| ABSTAIN: | 10,706 |
| BROKER NON-VOTES: | 0 |
Proposal 3:
To approve, by non-binding advisory vote, executive compensation.
| FOR: | 6,892,504 |
| AGAINST: | 4,772,202 |
| ABSTAIN: | 292,776 |
| BROKER NON-VOTES: | 1,506,249 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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LIFEWAY FOODS, INC.
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| Dated: June 18, 2024 | By: | /s/ Julie Smolyansky | |
| Name: Julie Smolyansky | |||
| Title: Chief Executive Officer and Secretary | |||
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