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Lifeway Foods, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Lifeway Foods, Inc.’s Form 8-K, filed December 31, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 43Reported items
  • 141Asset managers
  • 3,423Fund votes
  • December 29, 2025Main meeting date

Results at a glance

Meeting of December 29, 2025: 15 items on Lifeway Foods, Inc.’s Form 8-K, filed December 31, 2025: 2 approved · 2 not approved · 11 without a stated outcome.

Meeting of June 17, 2026: 10 items on Lifeway Foods, Inc.’s Form 8-K, filed June 18, 2026: 2 approved · 8 without a stated outcome.

Not approved or not elected

Contested election

Nominees the filing reports as not elected, and nominees under 80% of the votes cast.

Material dissent

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2025-2026

Explore Lifeway Foods, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Lifeway Foods, Inc.

These tallies are Lifeway Foods, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed December 31, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX. Lifeway Foods, Inc. reported 2 meetings in this season; each is tabulated separately below, with its own filing.

Lifeway Foods, Inc. — official shareholder meeting results, meeting held December 29, 2025 (Form 8-K, filed December 31, 2025)
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Kirk Chartier 8,947,067---- 3,442,1640 72%Not verified—
Elect Director: Juan Carlos Dalto 8,862,987---- 3,526,2440 72%Not verified—
Elect Director: Rachel Drori 8,947,911---- 3,441,3190 72%Not verified—
Elect Director: Andee Harris 8,947,751---- 3,441,4800 72%Not verified—
Elect Director: Susie Hultquist 8,947,871---- 3,441,3600 72%Not verified—
Elect Director: Dorri McWhorter 8,588,825---- 3,800,4050 69%Not verified—
Elect Director: Jason Scher 8,582,061---- 3,807,1700 69%Not verified—
Elect Director: Julie Smolyansky 8,836,589---- 3,552,6420 71%Not verified—
Elect Director: George Sent 3,435,783---- 8,983,4470 28%Not verified—
Elect Director: Edward Smolyansky 3,435,344---- 8,953,8860 28%Not verified—
Proposal 2: According to the tabulation of voting results, the shareholders did not approve and adopt amendments to the Company's Articles of Incorporation to provide for: (a) the amendment and restatement of the Company's Articles of Incorporation to effectua 8,700,709123,0723,593,949 --23,803 99%Not approved
A stricter vote than a majority of the votes cast may have applied to this item; the filing does not state it.
—
(b) director indemnification and expense advancement 8,696,518131,2483,590,140 --23,803 99%Not verified—
Proposal 3: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accountants for the year ending December 31, 2025: 9,021,41769,5803,350,536 --0 99.2%Approved—
Proposal 4: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation. 6,590,7025,781,22345,805 --23,803 53.3%Approved—
Proposal 6: According to the tabulation of voting results, the shareholders did not approve the 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 alter 3,619,1388,520,935277,657 --23,803 30%Not approved—

Source: Lifeway Foods, Inc., Form 8-K, filed with the SEC on December 31, 2025 — read the filing on EDGAR.

Lifeway Foods, Inc. — official shareholder meeting results, meeting held June 17, 2026 (Form 8-K, filed June 18, 2026)
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Kirk Chartier 9,526,9883,320,27626,844 --1,108,016 74%Not verified—
Elect Director: Juan Carlos Dalto 9,342,3483,528,4933,267 --1,108,016 73%Not verified—
Elect Director: Rachel Drori 9,318,2153,529,06126,832 --1,108,016 73%Not verified—
Elect Director: Andee Harris 9,027,4573,819,81926,832 --1,108,016 70%Not verified—
Elect Director: Susie Hultquist 9,527,4943,319,57227,042 --1,108,016 74%Not verified—
Elect Director: Dorri McWhorter 9,025,0553,846,0892,964 --1,108,016 70%Not verified—
Elect Director: Julie Smolyansky 9,331,4973,536,7405,871 --1,108,016 73%Not verified—
Proposal 2: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accountants for the year ending December 31, 2026: 10,600,831142,4023,238,891 --0 99%Approved—
Proposal 3: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation. 9,480,8693,347,32645,913 --1,108,016 74%Approved—
4. According to the tabulation of voting results, the following is a record of votes cast with respect to the election of Jason Scher, to serve until the 2027 Annual Meeting of the Company's shareholders (or until a successor is elected and qualified) 8,891,9483,837,148145,012 --1,108,016 70%Not verified—

Source: Lifeway Foods, Inc., Form 8-K, filed with the SEC on June 18, 2026 — read the filing on EDGAR.

How asset managers voted at the Lifeway Foods, Inc. 2025-2026 meetings

Each item below shows how the 141 asset managers that disclosed a Lifeway Foods, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Lifeway Foods, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Andee Harris

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

72% Majority: yes · of votes cast

FOR 72%WITHHELD
FOR: 8,947,751WITHHELD: 3,441,480
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Andee Harris

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Andee Harris”): 8,947,751 for, 3,441,480 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 72% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 for, 6,099 not voted.

FOR
FOR: 895,825NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Andee Harris” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial4,1990 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

2. Elect Director: Dorri McWhorter

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 5 wordings of this item as funds reported it.

69% Majority: yes · of votes cast

FOR 69%WITHHELD
FOR: 8,588,825WITHHELD: 3,800,405
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Dorri McWhorter

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Dorri McWhorter”): 8,588,825 for, 3,800,405 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 69% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 725,652 for, 170,173 withheld, 6,099 not voted.

FORWITHHOLD
FOR: 725,652WITHHOLD: 170,173NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Dorri McWhorter” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable15,7670 0112,500Mixed
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional00 024,196Withhold
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS00 016,200Withhold
Charles Schwab15,4050 00For
Lincoln Financial3,5000 0699Mixed
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND00 06,000Withhold
Gabelli00 06,000Withhold
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National00 02,592Withhold
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

3. Elect Director: Jason Scher

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

69% Majority: yes · of votes cast

FOR 69%WITHHELD
FOR: 8,582,061WITHHELD: 3,807,170
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Jason Scher

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Jason Scher”): 8,582,061 for, 3,807,170 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 69% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 725,652 for, 170,173 withheld, 6,099 not voted.

FORWITHHOLD
FOR: 725,652WITHHOLD: 170,173NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Jason Scher” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable15,7670 0112,500Mixed
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional00 024,196Withhold
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS00 016,200Withhold
Charles Schwab15,4050 00For
Lincoln Financial3,5000 0699Mixed
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND00 06,000Withhold
Gabelli00 06,000Withhold
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National00 02,592Withhold
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

4. Elect Director: Juan Carlos Dalto

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

72% Majority: yes · of votes cast

FOR 72%WITHHELD
FOR: 8,862,987WITHHELD: 3,526,244
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Juan Carlos (JC) Dalto

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Juan Carlos Dalto”): 8,862,987 for, 3,526,244 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 72% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 867,352 for, 28,473 withheld, 6,099 not voted.

FOR
FOR: 867,352WITHHOLD: 28,473NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Juan Carlos (JC) Dalto” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional00 024,196Withhold
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial3,5000 0699Mixed
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National00 02,592Withhold
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

5. Elect Director: Julie Smolyansky

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

71% Majority: yes · of votes cast

FOR 71%WITHHELD
FOR: 8,836,589WITHHELD: 3,552,642
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Julie Smolyansky

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Julie Smolyansky”): 8,836,589 for, 3,552,642 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 71% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 867,352 for, 28,473 withheld, 6,099 not voted.

FOR
FOR: 867,352WITHHOLD: 28,473NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Julie Smolyansky” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional00 024,196Withhold
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial3,5000 0699Mixed
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National00 02,592Withhold
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

6. Elect Director: Kirk Chartier

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

72% Majority: yes · of votes cast

FOR 72%WITHHELD
FOR: 8,947,067WITHHELD: 3,442,164
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Kirk Chartier

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Kirk Chartier”): 8,947,067 for, 3,442,164 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 72% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 for, 6,099 not voted.

FOR
FOR: 895,825NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Kirk Chartier” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial4,1990 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

7. Elect Director: Rachel Drori

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

72% Majority: yes · of votes cast

FOR 72%WITHHELD
FOR: 8,947,911WITHHELD: 3,441,319
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Rachel Drori

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Rachel Drori”): 8,947,911 for, 3,441,319 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 72% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 for, 6,099 not voted.

FOR
FOR: 895,825NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Rachel Drori” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial4,1990 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

8. Elect Director: Susie Hultquist

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

72% Majority: yes · of votes cast

FOR 72%WITHHELD
FOR: 8,947,871WITHHELD: 3,441,360
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Company Nominees: Susie Hultquist

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Susie Hultquist”): 8,947,871 for, 3,441,360 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 72% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 for, 6,099 not voted.

FOR
FOR: 895,825NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Company Nominees: Susie Hultquist” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial4,1990 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

9. Elect Director: Edward Smolyansky

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

28% Plurality election · of votes cast

FOR 28%WITHHELD
FOR: 3,435,344WITHHELD: 8,953,886
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Opposition Nominees: Edward Smolyansky

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Edward Smolyansky”): 3,435,344 for, 8,953,886 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). This is a for/withhold election, which is decided by plurality: a nominee does not need a majority of the votes cast to be elected, so no passed or failed outcome is stated here.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 28% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 withheld, 6,099 not voted.

WITHHOLD
WITHHOLD: 895,825NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Opposition Nominees: Edward Smolyansky” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard00 0293,498Withhold
BlackRock00 0138,934Withhold
Equitable00 0128,267Withhold
Fidelity00 0114,678Withhold
TIAA00 038,731Withhold
American Century00 028,137Withhold
Dimensional00 024,196Withhold
SEI00 018,374Withhold
Northern Lights Fund Trust IV00 016,624Withhold
TETON WESTWOOD FUNDS00 016,200Withhold
Charles Schwab00 015,405Withhold
Lincoln Financial00 04,199Withhold
Goldman Sachs00 08,054Withhold
QUANTITATIVE MASTER SERIES LLC00 06,754Withhold
GDL FUND00 06,000Withhold
Gabelli00 06,000Withhold
Lazard00 03,894Withhold
Brighthouse00 01,800Withhold
AQR00 02,837Withhold
Jackson National00 02,592Withhold
Global X00 02,397Withhold
Northern Trust00 02,090Withhold
GPS Funds I00 01,867Withhold
Pacific Life00 01,718Withhold
John Hancock00 01,662Withhold

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

10. Elect Director: George Sent

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held December 29, 2025.

Combines 4 wordings of this item as funds reported it.

28% Plurality election · of votes cast

FOR 28%WITHHELD
FOR: 3,435,783WITHHELD: 8,983,447
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Election of Directors: Opposition Nominees: George Sent

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: George Sent”): 3,435,783 for, 8,983,447 withheld, per its Form 8-K filed December 31, 2025 (Item 5.07). This is a for/withhold election, which is decided by plurality: a nominee does not need a majority of the votes cast to be elected, so no passed or failed outcome is stated here.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 28% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 withheld, 6,099 not voted.

WITHHOLD
WITHHOLD: 895,825NOT VOTED: 6,099
Largest asset managers voting on “Election of Directors: Opposition Nominees: George Sent” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard00 0293,498Withhold
BlackRock00 0138,934Withhold
Equitable00 0128,267Withhold
Fidelity00 0114,678Withhold
TIAA00 038,731Withhold
American Century00 028,137Withhold
Dimensional00 024,196Withhold
SEI00 018,374Withhold
Northern Lights Fund Trust IV00 016,624Withhold
TETON WESTWOOD FUNDS00 016,200Withhold
Charles Schwab00 015,405Withhold
Lincoln Financial00 04,199Withhold
Goldman Sachs00 08,054Withhold
QUANTITATIVE MASTER SERIES LLC00 06,754Withhold
GDL FUND00 06,000Withhold
Gabelli00 06,000Withhold
Lazard00 03,894Withhold
Brighthouse00 01,800Withhold
AQR00 02,837Withhold
Jackson National00 02,592Withhold
Global X00 02,397Withhold
Northern Trust00 02,090Withhold
GPS Funds I00 01,867Withhold
Pacific Life00 01,718Withhold
John Hancock00 01,662Withhold

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

11. Elect Director: Andee Harris

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 4 wordings of this item as funds reported it.

70% Majority: yes · of votes cast

FOR 70%AGAINST
FOR: 9,027,457AGAINST: 3,819,819
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Andee Harris

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Andee Harris”): 9,027,457 for, 3,819,819 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 70% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 656,882 for, 259,847 against.

FORAGAINST
FOR: 656,882AGAINST: 259,847
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4191 00For
Equitable14,467172,000 00Mixed
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional042,169 00Against
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS020,000 00Against
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli010,000 00Against
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND06,000 00Against
TIAA5,9510 00For
Lincoln Financial3,500699 00Mixed
SA FUNDS INVESTMENT TRUST03,512 00Against
AIG/SunAmerica2,6840 00For
Jackson National02,592 00Against
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I1,3950 00For

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

12. Elect Director: Dorri McWhorter

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 5 wordings of this item as funds reported it.

70% Majority: yes · of votes cast

FOR 70%AGAINST
FOR: 9,025,055AGAINST: 3,846,089
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Dorri McWhorter

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Dorri McWhorter”): 9,025,055 for, 3,846,089 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 70% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 644,206 for, 272,523 against.

FORAGAINST
FOR: 644,206AGAINST: 272,523
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,179241 00For
Equitable14,467172,000 00Mixed
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional042,169 00Against
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS020,000 00Against
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs010,600 00Against
Gabelli010,000 00Against
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND06,000 00Against
TIAA5,9510 00For
Lincoln Financial3,500699 00Mixed
SA FUNDS INVESTMENT TRUST03,512 00Against
AIG/SunAmerica2,6840 00For
Jackson National02,592 00Against
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I01,395 00Against

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

13. Elect Director: Julie Smolyansky

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 4 wordings of this item as funds reported it.

73% Majority: yes · of votes cast

FOR 73%AGAINST
FOR: 9,331,497AGAINST: 3,536,740
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Julie Smolyansky

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Julie Smolyansky”): 9,331,497 for, 3,536,740 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 73% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 865,632 for, 51,097 against.

FOR
FOR: 865,632AGAINST: 51,097
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4191 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional042,169 00Against
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
Lincoln Financial3,500699 00Mixed
SA FUNDS INVESTMENT TRUST03,512 00Against
AIG/SunAmerica2,6840 00For
Jackson National02,592 00Against
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I1,3950 00For

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

14. Elect Director: Kirk Chartier

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 4 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%AGAINST
FOR: 9,526,988AGAINST: 3,320,276
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Kirk Chartier

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Kirk Chartier”): 9,526,988 for, 3,320,276 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 74% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 915,150 for, 1,579 against.

FOR
FOR: 915,150AGAINST: 1,579
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4200 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional42,1690 00For
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
Lincoln Financial4,1990 00For
SA FUNDS INVESTMENT TRUST3,5120 00For
AIG/SunAmerica2,6840 00For
Jackson National2,5920 00For
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I1,3950 00For

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

15. Elect Director: Rachel Drori

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 4 wordings of this item as funds reported it.

73% Majority: yes · of votes cast

FOR 73%AGAINST
FOR: 9,318,215AGAINST: 3,529,061
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Rachel Drori

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Rachel Drori”): 9,318,215 for, 3,529,061 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 73% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 865,632 for, 51,097 against.

FOR
FOR: 865,632AGAINST: 51,097
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4191 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional042,169 00Against
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
Lincoln Financial3,500699 00Mixed
SA FUNDS INVESTMENT TRUST03,512 00Against
AIG/SunAmerica2,6840 00For
Jackson National02,592 00Against
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I1,3950 00For

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

16. Elect Director: Susie Hultquist

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 4 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%AGAINST
FOR: 9,527,494AGAINST: 3,319,572
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Susie Hultquist

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Susie Hultquist”): 9,527,494 for, 3,319,572 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 74% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 915,150 for, 1,579 against.

FOR
FOR: 915,150AGAINST: 1,579
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4200 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional42,1690 00For
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
Lincoln Financial4,1990 00For
SA FUNDS INVESTMENT TRUST3,5120 00For
AIG/SunAmerica2,6840 00For
Jackson National2,5920 00For
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I1,3950 00For

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

17. 4. According to the tabulation of voting results, the following is a record of votes cast with respect to the election…

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 2 wordings of this item as funds reported it.

70% Majority: yes · of votes cast

FOR 70%AGAINST
FOR: 8,891,948AGAINST: 3,837,148
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: TO ELECT JASON SCHER TO SERVE AS A MEMBER OF THE BOARD UNTIL THE 2027 ANNUAL MEETING OF SHAREHOLDERS (OR UNTIL SUCCESSORS ARE ELECTED AND QUALIFIED).

Lifeway Foods, Inc.’s own tally for this item (“4. According to the tabulation of voting results, the following is a record of votes cast with respect to the election of Jason Scher, to serve until the 2027 Annual Meeting of the Company's shareholders (or until a succ”): 8,891,948 for, 3,837,148 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 70% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 644,419 for, 272,310 against.

FORAGAINST
FOR: 644,419AGAINST: 272,310
Largest asset managers voting on “TO ELECT JASON SCHER TO SERVE AS A MEMBER OF THE BOARD UNTIL THE 2027 ANNUAL MEETING OF SHAREHOLDERS (OR UNTIL” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4191 00For
Equitable14,467172,000 00Mixed
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional042,169 00Against
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS020,000 00Against
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs010,600 00Against
Gabelli010,000 00Against
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND06,000 00Against
TIAA5,9510 00For
Lincoln Financial3,500699 00Mixed
SA FUNDS INVESTMENT TRUST03,512 00Against
AIG/SunAmerica2,6840 00For
Jackson National02,592 00Against
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I01,395 00Against

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

18. Elect Director: Juan Carlos Dalto

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Meeting held June 17, 2026.

Combines 4 wordings of this item as funds reported it.

73% Majority: yes · of votes cast

FOR 73%AGAINST
FOR: 9,342,348AGAINST: 3,528,493
Details: description as filed, official tally, votes by 45 asset managers

Description as filed by funds: To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meeting of Shareholders (or until successors are elected and qualified): Juan Carlos ("JC") Dalto

Lifeway Foods, Inc.’s own tally for this item (“Elect Director: Juan Carlos Dalto”): 9,342,348 for, 3,528,493 against, per its Form 8-K filed June 18, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 73% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 45 asset managers below reported 865,605 for, 51,097 against.

FOR
FOR: 865,605AGAINST: 51,097
Largest asset managers voting on “To elect seven (7) members of Lifeway's Board of Directors (the "Board") to serve until the 2027 Annual Meetin” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4191 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional042,169 00Against
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
Lincoln Financial3,500699 00Mixed
SA FUNDS INVESTMENT TRUST03,512 00Against
AIG/SunAmerica2,6840 00For
Jackson National02,592 00Against
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock01,579 00Against
GPS Funds I1,3950 00For

Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.

19. To remove director of the Company, and any other director appointed by the Board on or after June 15…: Dorri McWhorter

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Dorri McWhorter

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

20. To remove director of the Company, and any other director appointed by the Board on or after June 15…: Jason Scher

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Jason Scher

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

21. To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024…: Jody Levy

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Jody Levy

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

22. To remove director of the Company, and any other director appointed by the Board on or after June…: Juan Carlos Dalto

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Juan Carlos Dalto

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

23. To remove director of the Company, and any other director appointed by the Board on or after June…: Julie Smolyansky

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Julie Smolyansky

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

24. To remove director of the Company, and any other director appointed by the Board on or after June…: Perfecto Sanchez

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Perfecto Sanchez

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

25. To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024…: Pol Sikar

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and prior to this Proposal becoming effective, subject to the election of at least one Nominee pursuant to the Director Election Proposal: Pol Sikar

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To remove director of the Company, and any other director appointed by the Board on or after June 15, 2024 and” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

26. Proposal 2: According to the tabulation of voting results, the shareholders did not approve and adopt amendments to the…

Official resultSHAREHOLDER RIGHTS AND DEFENSESReported outcome: Not approved

Meeting held December 29, 2025.

99% Not approved · of votes cast

FOR 99%
FOR: 8,700,709AGAINST: 123,072
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: To approve and adopt amendments to the Articles of Incorporation to provide for: The amendment and restatement of the Articles to effectuate ministerial changes and provide for director exculpation.

Lifeway Foods, Inc.’s own tally for this item (“Proposal 2: According to the tabulation of voting results, the shareholders did not approve and adopt amendments to the Company's Articles of Incorporation to provide for: (a) the amendment and restatement of the Company”): 8,700,709 for, 123,072 against — failed, per its Form 8-K filed December 31, 2025 (Item 5.07). This item required more than a simple majority of votes cast — see the filing.

Reported outcome: Not approved, in the filing’s own words: “2 Proposal 2: According to the tabulation of voting results, the shareholders did not approve and adopt amendments to the Company's Articles of Incorporation to provide for: (a) the amendment and restatement of the Company's Articles of Incorporation to effectuate ministerial changes and to provide…”
A stricter vote than a majority of the votes cast may have applied to this item; the filing does not state it.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 754,125 for, 141,700 abstained.

FORABSTAIN
FOR: 754,125ABSTAIN: 141,700
Largest asset managers voting on “To approve and adopt amendments to the Articles of Incorporation to provide for: The amendment and restatement” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable15,7670 112,5000Mixed
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS00 16,2000Abstain
Charles Schwab15,4050 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND00 6,0000Abstain
Gabelli00 6,0000Abstain
Lincoln Financial4,1990 00For
Lazard3,8940 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Brighthouse1,8000 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

27. The Anti-Nepotism Proposal: To amend the Company's by-laws, as reflected in Appendix A to the Shareholder Consent…

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

16% of fund votes cast · no official result

ABSTAINNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: The Anti-Nepotism Proposal: To amend the Company's by-laws, as reflected in Appendix A to the Shareholder Consent Statement, to prohibit the Company from employing or engaging any immediate family member of the Company's president or chief executive officer.

The 16 asset managers below reported 1,065 for, 5,481 against, 143,950 abstained, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,065AGAINST: 5,481ABSTAIN: 143,950NOT VOTED: 41,147
Largest asset managers voting on “The Anti-Nepotism Proposal: To amend the Company's by-laws, as reflected in Appendix A to the Shareholder Cons” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable00 113,0000Abstain
SEI00 00Not Voted
TETON WESTWOOD FUNDS00 16,2000Abstain
Charles Schwab00 00Not Voted
GDL FUND00 7,0000Abstain
Gabelli00 6,0000Abstain
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.00 1,7500Abstain
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

28. (b) director indemnification and expense advancement

Outcome not verifiedCORPORATE GOVERNANCEReported outcome: Not verified

Meeting held December 29, 2025.

Combines 2 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 8,696,518AGAINST: 131,248
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: Provide for director indemnification and expense advancement.

Lifeway Foods, Inc.’s own tally for this item (“(b) director indemnification and expense advancement”): 8,696,518 for, 131,248 against, per its Form 8-K filed December 31, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 754,125 for, 141,700 abstained.

FORABSTAIN
FOR: 754,125ABSTAIN: 141,700
Largest asset managers voting on “Provide for director indemnification and expense advancement.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable15,7670 112,5000Mixed
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS00 16,2000Abstain
Charles Schwab15,4050 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND00 6,0000Abstain
Gabelli00 6,0000Abstain
Lincoln Financial4,1990 00For
Lazard3,8940 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Brighthouse1,8000 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

29. To elect to serve as director of the Company until the Company's next annual meeting of shareholders and…: Cindy Curry

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until their respective successors are duly elected and qualified (or, if any such Nominee is unable or unwilling to serve as a director of the Company, or if the Board changes the number of directorships to be a number other than seven, the persons designated as Nominees by the then-remaining Nominee(s)), subject to the approval of the Board Removal Proposal: Cindy Curry

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

30. To elect to serve as director of the Company until the Company's next annual meeting of…: Edward Smolyansky

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until their respective successors are duly elected and qualified (or, if any such Nominee is unable or unwilling to serve as a director of the Company, or if the Board changes the number of directorships to be a number other than seven, the persons designated as Nominees by the then-remaining Nominee(s)), subject to the approval of the Board Removal Proposal: Edward Smolyansky

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

31. To elect to serve as director of the Company until the Company's next annual meeting of shareholders and…: George Sent

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until their respective successors are duly elected and qualified (or, if any such Nominee is unable or unwilling to serve as a director of the Company, or if the Board changes the number of directorships to be a number other than seven, the persons designated as Nominees by the then-remaining Nominee(s)), subject to the approval of the Board Removal Proposal: George Sent

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

32. To elect to serve as director of the Company until the Company's next annual meeting of…: Ludmila Smolyansky

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until their respective successors are duly elected and qualified (or, if any such Nominee is unable or unwilling to serve as a director of the Company, or if the Board changes the number of directorships to be a number other than seven, the persons designated as Nominees by the then-remaining Nominee(s)), subject to the approval of the Board Removal Proposal: Ludmila Smolyansky

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

33. To elect to serve as director of the Company until the Company's next annual meeting of…: Michael Leydervuder

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until their respective successors are duly elected and qualified (or, if any such Nominee is unable or unwilling to serve as a director of the Company, or if the Board changes the number of directorships to be a number other than seven, the persons designated as Nominees by the then-remaining Nominee(s)), subject to the approval of the Board Removal Proposal: Michael Leydervuder

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “To elect to serve as director of the Company until the Company's next annual meeting of shareholders and until” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

34. Proposal 3: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis…

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Meeting held June 17, 2026.

Combines 2 wordings of this item as funds reported it.

74% Approved · of votes cast

FOR 74%AGAINST
FOR: 9,480,869AGAINST: 3,347,326
Details: description as filed, official tally, votes by 117 asset managers

Description as filed by funds: TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION.

Lifeway Foods, Inc.’s own tally for this item (“Proposal 3: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation.”): 9,480,869 for, 3,347,326 against — passed, per its Form 8-K filed June 18, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 3: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation.”
Support: 74% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Lifeway Foods, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “14A Executive Compensation” (2 managers, 5 for, 2,955 against).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 45 asset managers voting on “TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4200 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional42,1690 00For
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
SA FUNDS INVESTMENT TRUST3,5120 00For
AIG/SunAmerica2,6840 00For
Jackson National2,5920 00For
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock1,5790 00For
GPS Funds I1,3950 00For
Bridge Builder Trust9490 00For
DWS8050 00For

Fund voting reports, all 45 managers: 906,788 for, 441 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 88 asset managers voting on “TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Gabelli262,9600 00For
Renaissance248,3370 00For
TUDOR INVESTMENT CORP ET AL179,3440 00For
GEODE CAPITAL MANAGEMENT, LLC144,0580 00For
Slotnik Capital, LLC130,4730 00For
BlackRock82,3870 00For
State Street74,9230 00For
Two Sigma54,7720 00For
De Lisle Partners LLP50,1500 00For
Northern Trust44,2570 00For
MARSHALL WACE, LLP44,0730 00For
Vanguard43,1070 00For
Dimensional25,5530 00For
MELLON INVESTMENTS Corp16,5860 00For
CORSAIR CAPITAL MANAGEMENT, L.P.14,4260 00For
Charles Schwab13,6150 00For
BRIDGEWAY CAPITAL MANAGEMENT, LLC12,5000 00For
Citadel11,0110 00For
AMERIPRISE FINANCIAL INC10,2390 00For
Man Group plc9,5760 00For
AllianceBernstein9,2500 00For
American Century8,8900 00For
Nuveen8,1320 00For
T. Rowe Price7,7100 00For
MML INVESTORS SERVICES, LLC6,9930 00For

Institutional-manager reports, all 88 managers: 1,579,412 for, 12,489 against, 1,015 1 year. Showing the 25 largest; see all in the interactive database.

35. Vote, on a non-binding advisory basis, on the frequency (i.e., every one, two, or three years) of holding the…

No official matchFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Meeting held December 29, 2025.

Combines 3 wordings of this item as funds reported it.

74% Fund and manager reports combined; may count the same shares twice · no official result

1 YEAR
Details: description as filed, votes by 117 asset managers

Description as filed by funds: Vote, on a non-binding advisory basis, on the frequency (i.e., every one, two, or three years) of holding the say-on-pay vote.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 46 asset managers voting on “Vote, on a non-binding advisory basis, on the frequency (i.e., every one, two, or three years) of holding the ” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard00 00--
Northern Lights Fund Trust IV00 00--
BlackRock00 00--
Equitable00 00--
Fidelity00 00--
TIAA00 00--
American Century00 00--
Dimensional00 00--
SEI00 00--
TETON WESTWOOD FUNDS00 00--
Charles Schwab00 00--
Lincoln Financial00 00Not Voted
Goldman Sachs00 00--
QUANTITATIVE MASTER SERIES LLC00 00--
GDL FUND00 00--
Gabelli00 00--
Lazard00 00--
Brighthouse1,8000 00For
AQR00 00--
Jackson National00 00--
Global X00 00--
Northern Trust00 00--
GPS Funds I00 00--
Pacific Life00 00--
John Hancock00 00--

Fund voting reports, all 46 managers: 1,800 for, 6,099 not voted, 1,015,610 1 year, 28,032 3 year. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 89 asset managers voting on “Vote, on a non-binding advisory basis, on the frequency (i.e., every one, two, or three years) of holding the ” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Divisadero Street Capital Management, LP00 00--
Renaissance00 00Not Voted
Gabelli00 00--
GEODE CAPITAL MANAGEMENT, LLC00 00--
TUDOR INVESTMENT CORP ET AL00 00--
BlackRock00 00--
BALYASNY ASSET MANAGEMENT L.P.00 00--
State Street00 00--
Two Sigma00 00--
Northern Trust00 00--
Nuveen00 00--
Newton Investment Management North America, LLC00 00--
American Century00 00--
AMERIPRISE FINANCIAL INC00 00--
ACADIAN ASSET MANAGEMENT LLC00 00--
MARSHALL WACE, LLP00 00--
Lazard00 00--
AllianceBernstein00 00Not Voted
SEI00 00--
MELLON INVESTMENTS Corp00 00--
Dimensional00 00--
Charles Schwab00 00--
EHP Funds Inc.00 00--
CORSAIR CAPITAL MANAGEMENT, L.P.00 00--
Vanguard00 00--

Institutional-manager reports, all 89 managers: 1,084 for, 1,015 against, 325,779 not voted, 3,099,840 1 year, 16,415 3 year. Showing the 25 largest; see all in the interactive database.

36. Proposal 4: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis…

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Meeting held December 29, 2025.

Combines 2 wordings of this item as funds reported it.

53.3% Approved · of votes cast

FOR 53.3%AGAINST
FOR: 6,590,702AGAINST: 5,781,223
Details: description as filed, official tally, votes by 110 asset managers

Description as filed by funds: TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION.

Lifeway Foods, Inc.’s own tally for this item (“Proposal 4: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation.”): 6,590,702 for, 5,781,223 against — passed, per its Form 8-K filed December 31, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “3 Proposal 4: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation.”
Support: 53.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Lifeway Foods, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (3 managers, 18,125 against, 7,760 abstained).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 41 asset managers voting on “TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard280,5063,110 00For
BlackRock0138,934 00Against
Equitable112,50015,767 00Mixed
Fidelity0114,678 00Against
TIAA038,731 00Against
American Century028,137 00Against
Dimensional024,196 00Against
SEI018,374 00Against
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab015,405 00Against
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC06,754 00Against
Gabelli6,0000 00For
Lincoln Financial3,500699 00Mixed
Lazard03,894 00Against
AQR02,837 00Against
Jackson National02,592 00Against
Global X02,397 00Against
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Brighthouse01,800 00Against
Pacific Life01,718 00Against
John Hancock01,662 00Against
Nationwide01,509 00Against

Fund voting reports, all 41 managers: 449,655 for, 428,930 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 86 asset managers voting on “TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Renaissance0633,058 00Against
Gabelli228,9180 00For
Slotnik Capital, LLC0136,061 00Against
GEODE CAPITAL MANAGEMENT, LLC0131,573 00Against
TUDOR INVESTMENT CORP ET AL0127,943 00Against
BlackRock42283,152 00Against
BALYASNY ASSET MANAGEMENT L.P.070,657 00Against
State Street60,4170 00For
Two Sigma046,960 00Against
Northern Trust39,338501 00For
Nuveen038,731 00Against
Newton Investment Management North America, LLC032,829 00Against
American Century028,194 00Against
AMERIPRISE FINANCIAL INC027,675 00Against
ACADIAN ASSET MANAGEMENT LLC027,303 00Against
MARSHALL WACE, LLP025,208 00Against
Lazard025,172 00Against
SEI018,374 00Against
MELLON INVESTMENTS Corp017,878 00Against
Dimensional016,415 00Against
Charles Schwab015,439 00Against
EHP Funds Inc.014,770 00Against
CORSAIR CAPITAL MANAGEMENT, L.P.014,426 00Against
Vanguard11,697123 00For
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM010,168 00Against

Institutional-manager reports, all 86 managers: 357,731 for, 1,606,016 against. Showing the 25 largest; see all in the interactive database.

37. Proposal 3: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton…

Official resultAUDIT-RELATEDReported outcome: Approved

Meeting held December 29, 2025.

Combines 3 wordings of this item as funds reported it.

99.2% Approved · of votes cast

FOR 99.2%
FOR: 9,021,417AGAINST: 69,580
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: To ratify Grant Thornton LLP as our independent auditor for fiscal 2025.

Lifeway Foods, Inc.’s own tally for this item (“Proposal 3: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accountants for the year ending December 31, 2025:”): 9,021,417 for, 69,580 against — passed, per its Form 8-K filed December 31, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 3: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accountants for the year ending December 31, 2025:”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 895,825 for, 6,099 not voted.

FOR
FOR: 895,825NOT VOTED: 6,099
Largest asset managers voting on “To ratify Grant Thornton LLP as our independent auditor for fiscal 2025.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard293,4980 00For
BlackRock138,9340 00For
Equitable128,2670 00For
Fidelity114,6780 00For
TIAA38,7310 00For
American Century28,1370 00For
Dimensional24,1960 00For
SEI18,3740 00For
Northern Lights Fund Trust IV16,6240 00For
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab15,4050 00For
Lincoln Financial4,1990 00For
Goldman Sachs8,0540 00For
QUANTITATIVE MASTER SERIES LLC6,7540 00For
GDL FUND6,0000 00For
Gabelli6,0000 00For
Lazard3,8940 00For
Brighthouse1,8000 00For
AQR2,8370 00For
Jackson National2,5920 00For
Global X2,3970 00For
Northern Trust2,0900 00For
GPS Funds I1,8670 00For
Pacific Life1,7180 00For
John Hancock1,6620 00For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

38. Proposal 2: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton…

Official resultAUDIT-RELATEDReported outcome: Approved

Meeting held June 17, 2026.

99% Approved · of votes cast

FOR 99%
FOR: 10,600,831AGAINST: 142,402
Details: description as filed, official tally, votes by 46 asset managers

Description as filed by funds: TO RATIFY GRANT THORNTON LLP AS OUR INDEPENDENT AUDITOR FOR FISCAL YEAR 2026.

Lifeway Foods, Inc.’s own tally for this item (“Proposal 2: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accountants for the year ending December 31, 2026:”): 10,600,831 for, 142,402 against — passed, per its Form 8-K filed June 18, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 2: According to the tabulation of voting results, the shareholders ratified the appointment of Grant Thornton LLP as the Company's independent registered public accountants for the year ending December 31, 2026:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 46 asset managers below reported 916,729 for.

FOR
FOR: 916,729
Largest asset managers voting on “TO RATIFY GRANT THORNTON LLP AS OUR INDEPENDENT AUDITOR FOR FISCAL YEAR 2026.” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard282,4200 00For
Equitable186,4670 00For
Fidelity123,5990 00For
BlackRock123,0250 00For
Dimensional42,1690 00For
Northern Lights Fund Trust IV27,2570 00For
TETON WESTWOOD FUNDS20,0000 00For
Charles Schwab13,6150 00For
BRIDGEWAY FUNDS INC12,1000 00For
Goldman Sachs10,6000 00For
Gabelli10,0000 00For
American Century8,8330 00For
WisdomTree7,5880 00For
Crewe Advisors LLC6,0000 00For
GDL FUND6,0000 00For
TIAA5,9510 00For
Lincoln Financial4,1990 00For
SA FUNDS INVESTMENT TRUST3,5120 00For
AIG/SunAmerica2,6840 00For
Jackson National2,5920 00For
Northern Trust2,3700 00For
Global X2,2000 00For
Pacific Life2,0590 00For
John Hancock1,5790 00For
GPS Funds I1,3950 00For

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

39. Proposal 6: According to the tabulation of voting results, the shareholders did not approve the shareholder proposal to…

Official resultCORPORATE GOVERNANCEReported outcome: Not approved

Meeting held December 29, 2025.

30% Not approved · of votes cast

FOR 30%AGAINST
FOR: 3,619,138AGAINST: 8,520,935
Details: description as filed, official tally, votes by 47 asset managers

Description as filed by funds: TO CONSIDER A NON-BINDING SHAREHOLDER PROPOSAL REGARDING FORMATION OF A COMMITTEE OF THE BOARD TO CONDUCT REVIEWS OF THE COMPANY'S MANAGEMENT, THE COMPANY'S STRATEGIC PLAN AND THE COMPANY'S STRATEGIC ALTERNATIVES.

Lifeway Foods, Inc.’s own tally for this item (“Proposal 6: According to the tabulation of voting results, the shareholders did not approve the shareholder proposal to form a committee of the board to conduct reviews of the Company's management, the Company's strategi”): 3,619,138 for, 8,520,935 against — failed, per its Form 8-K filed December 31, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “Proposal 6: According to the tabulation of voting results, the shareholders did not approve the 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.”
Support: 30% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 47 asset managers below reported 754,125 against, 141,700 abstained.

AGAINSTABSTAIN
AGAINST: 754,125ABSTAIN: 141,700
Largest asset managers voting on “TO CONSIDER A NON-BINDING SHAREHOLDER PROPOSAL REGARDING FORMATION OF A COMMITTEE OF THE BOARD TO CONDUCT REVI” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard0293,498 00Against
BlackRock0138,934 00Against
Equitable015,767 112,5000Mixed
Fidelity0114,678 00Against
TIAA038,731 00Against
American Century028,137 00Against
Dimensional024,196 00Against
SEI018,374 00Against
Northern Lights Fund Trust IV016,624 00Against
TETON WESTWOOD FUNDS00 16,2000Abstain
Charles Schwab015,405 00Against
Goldman Sachs08,054 00Against
QUANTITATIVE MASTER SERIES LLC06,754 00Against
GDL FUND00 6,0000Abstain
Gabelli00 6,0000Abstain
Lincoln Financial04,199 00Against
Lazard03,894 00Against
AQR02,837 00Against
Jackson National02,592 00Against
Global X02,397 00Against
Northern Trust02,090 00Against
GPS Funds I01,867 00Against
Brighthouse01,800 00Against
Pacific Life01,718 00Against
John Hancock01,662 00Against

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

40. The Bylaws Restoration Proposal. To repeal any amendment to the Company's by-laws that is made by the Company's board…

No official resultsCORPORATE GOVERNANCE

Meeting held September 30, 2025; no official results are on file for this meeting.

Combines 4 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FORNOT VOTED
Details: description as filed, votes by 16 asset managers

Description as filed by funds: The Bylaws Restoration Proposal. To repeal any amendment to the Company's by-laws that is made by the Company's board of directors (the "Board") and becomes effective on or after March 24, 2023 and prior to this Proposal becoming effective:

The 16 asset managers below reported 145,015 for, 5,481 against, 41,147 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 145,015AGAINST: 5,481NOT VOTED: 41,147
Largest asset managers voting on “The Bylaws Restoration Proposal. To repeal any amendment to the Company's by-laws that is made by the Company'” at Lifeway Foods, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable113,0000 00For
SEI00 00Not Voted
TETON WESTWOOD FUNDS16,2000 00For
Charles Schwab00 00Not Voted
GDL FUND7,0000 00For
Gabelli6,0000 00For
Lincoln Financial03,500 00Against
Global X00 00Not Voted
Comstock Funds, Inc.1,7500 00For
State Street01,395 00Against
Invesco1,0650 00For
Brinker Capital Destinations Trust0233 00Against
PENN SERIES FUNDS INC0200 00Against
Innovator ETFs Trust0153 00Against
Blackstone Alternative Investment Funds00 00Not Voted
First Trust00 00--

Showing the 40 reported items with the widest manager coverage, of 43 in total. View every item.

Largest Lifeway Foods, Inc. shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 15,228,763 shares outstanding at the time of that meeting.

Fund voting reports: top Lifeway Foods, Inc. shareholders by shares voted on “Vote, on a non-binding advisory basis, on the frequency (i.e., every one, two, or three years)…”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 1.93%
2Northern Lights Fund Trust IV 1.09%
3BlackRock 0.91%
4Equitable 0.84%
5Fidelity 0.75%
6TIAA 0.25%
7American Century 0.18%
8Dimensional 0.16%
9SEI 0.12%
10TETON WESTWOOD FUNDS 0.11%
Institutional-manager reports: top Lifeway Foods, Inc. shareholders by shares voted on “Vote, on a non-binding advisory basis, on the frequency (i.e., every one, two, or three years)…”, 2025-2026
#Asset manager % of shares outstanding
1Divisadero Street Capital Management, LP 10.48%
2Renaissance 4.16%
3Gabelli 1.51%
4GEODE CAPITAL MANAGEMENT, LLC 0.86%
5TUDOR INVESTMENT CORP ET AL 0.84%
6BlackRock 0.55%
7BALYASNY ASSET MANAGEMENT L.P. 0.46%
8State Street 0.40%
9Two Sigma 0.31%
10Northern Trust 0.26%

Reported Lifeway Foods, Inc. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

Lifeway Foods, Inc. holdings and ownership disclosed for the 2025-2026 proxy season
Holder % outstanding Disclosure
Edward Smolyansky 19.44% 13D
Kenneth Griffin 5.81% 13G
Renaissance Technologies 2.42% 13F
Vanguard Group 2.25% 13F
BlackRock 1.82% 13F
Dimensional Fund Advisors 1.55% 13F
Two Sigma 0.79% 13F
State Street 0.61% 13F
Citadel Advisors 0.47% 13F
BNY Mellon 0.36% 13F

Percentages above are of 15,228,763 shares outstanding, as reported by Lifeway Foods, Inc. on its Form 10-Q dated November 6, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Lifeway Foods, Inc.’s 10-Q dated November 6, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At Lifeway Foods, Inc.'s 3 shareholder meetings in the 2025-2026 proxy season (held September 30, 2025, December 29, 2025 and June 17, 2026), 141 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,423 separate fund positions. Their filings are grouped here into 43 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item of the season, voted at the meeting held June 17, 2026 — TO APPROVE, BY NON-BINDING ADVISORY VOTE, EXECUTIVE COMPENSATION. — Lifeway Foods, Inc.'s filing reports the proposal as approved, with 74% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: Lifeway Foods, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 18, 2026.

Lifeway Foods, Inc. proxy season coverage: 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.