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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.
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.
Nominees the filing reports as not elected, and nominees under 80% of the votes cast.
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
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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Kirk Chartier | 8,947,067 | -- | -- | 3,442,164 | 0 | 72% | Not verified | — |
| Elect Director: Juan Carlos Dalto | 8,862,987 | -- | -- | 3,526,244 | 0 | 72% | Not verified | — |
| Elect Director: Rachel Drori | 8,947,911 | -- | -- | 3,441,319 | 0 | 72% | Not verified | — |
| Elect Director: Andee Harris | 8,947,751 | -- | -- | 3,441,480 | 0 | 72% | Not verified | — |
| Elect Director: Susie Hultquist | 8,947,871 | -- | -- | 3,441,360 | 0 | 72% | Not verified | — |
| Elect Director: Dorri McWhorter | 8,588,825 | -- | -- | 3,800,405 | 0 | 69% | Not verified | — |
| Elect Director: Jason Scher | 8,582,061 | -- | -- | 3,807,170 | 0 | 69% | Not verified | — |
| Elect Director: Julie Smolyansky | 8,836,589 | -- | -- | 3,552,642 | 0 | 71% | Not verified | — |
| Elect Director: George Sent | 3,435,783 | -- | -- | 8,983,447 | 0 | 28% | Not verified | — |
| Elect Director: Edward Smolyansky | 3,435,344 | -- | -- | 8,953,886 | 0 | 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 | 8,700,709 | 123,072 | 3,593,949 | -- | 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 | 8,696,518 | 131,248 | 3,590,140 | -- | 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: | 9,021,417 | 69,580 | 3,350,536 | -- | 0 | 99.2% | Approved | — |
| Proposal 4: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation. | 6,590,702 | 5,781,223 | 45,805 | -- | 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 | 3,619,138 | 8,520,935 | 277,657 | -- | 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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Kirk Chartier | 9,526,988 | 3,320,276 | 26,844 | -- | 1,108,016 | 74% | Not verified | — |
| Elect Director: Juan Carlos Dalto | 9,342,348 | 3,528,493 | 3,267 | -- | 1,108,016 | 73% | Not verified | — |
| Elect Director: Rachel Drori | 9,318,215 | 3,529,061 | 26,832 | -- | 1,108,016 | 73% | Not verified | — |
| Elect Director: Andee Harris | 9,027,457 | 3,819,819 | 26,832 | -- | 1,108,016 | 70% | Not verified | — |
| Elect Director: Susie Hultquist | 9,527,494 | 3,319,572 | 27,042 | -- | 1,108,016 | 74% | Not verified | — |
| Elect Director: Dorri McWhorter | 9,025,055 | 3,846,089 | 2,964 | -- | 1,108,016 | 70% | Not verified | — |
| Elect Director: Julie Smolyansky | 9,331,497 | 3,536,740 | 5,871 | -- | 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: | 10,600,831 | 142,402 | 3,238,891 | -- | 0 | 99% | Approved | — |
| Proposal 3: According to the tabulation of voting results, the shareholders approved, on a nonbinding advisory basis, executive compensation. | 9,480,869 | 3,347,326 | 45,913 | -- | 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) | 8,891,948 | 3,837,148 | 145,012 | -- | 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.
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.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
72% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 5 wordings of this item as funds reported it.
69% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 15,767 | 0 | 0 | 112,500 | Mixed |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 24,196 | Withhold |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 0 | 0 | 16,200 | Withhold |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 0 | 0 | 699 | Mixed |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 0 | 0 | 6,000 | Withhold |
| Gabelli | 0 | 0 | 0 | 6,000 | Withhold |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 0 | 2,592 | Withhold |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
69% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 15,767 | 0 | 0 | 112,500 | Mixed |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 24,196 | Withhold |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 0 | 0 | 16,200 | Withhold |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 0 | 0 | 699 | Mixed |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 0 | 0 | 6,000 | Withhold |
| Gabelli | 0 | 0 | 0 | 6,000 | Withhold |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 0 | 2,592 | Withhold |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
72% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 24,196 | Withhold |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 0 | 0 | 699 | Mixed |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 0 | 2,592 | Withhold |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
71% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 0 | 0 | 0 | 24,196 | Withhold |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 0 | 0 | 699 | Mixed |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 0 | 2,592 | Withhold |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
72% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
72% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
72% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
28% Plurality election · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 0 | 0 | 293,498 | Withhold |
| BlackRock | 0 | 0 | 0 | 138,934 | Withhold |
| Equitable | 0 | 0 | 0 | 128,267 | Withhold |
| Fidelity | 0 | 0 | 0 | 114,678 | Withhold |
| TIAA | 0 | 0 | 0 | 38,731 | Withhold |
| American Century | 0 | 0 | 0 | 28,137 | Withhold |
| Dimensional | 0 | 0 | 0 | 24,196 | Withhold |
| SEI | 0 | 0 | 0 | 18,374 | Withhold |
| Northern Lights Fund Trust IV | 0 | 0 | 0 | 16,624 | Withhold |
| TETON WESTWOOD FUNDS | 0 | 0 | 0 | 16,200 | Withhold |
| Charles Schwab | 0 | 0 | 0 | 15,405 | Withhold |
| Lincoln Financial | 0 | 0 | 0 | 4,199 | Withhold |
| Goldman Sachs | 0 | 0 | 0 | 8,054 | Withhold |
| QUANTITATIVE MASTER SERIES LLC | 0 | 0 | 0 | 6,754 | Withhold |
| GDL FUND | 0 | 0 | 0 | 6,000 | Withhold |
| Gabelli | 0 | 0 | 0 | 6,000 | Withhold |
| Lazard | 0 | 0 | 0 | 3,894 | Withhold |
| Brighthouse | 0 | 0 | 0 | 1,800 | Withhold |
| AQR | 0 | 0 | 0 | 2,837 | Withhold |
| Jackson National | 0 | 0 | 0 | 2,592 | Withhold |
| Global X | 0 | 0 | 0 | 2,397 | Withhold |
| Northern Trust | 0 | 0 | 0 | 2,090 | Withhold |
| GPS Funds I | 0 | 0 | 0 | 1,867 | Withhold |
| Pacific Life | 0 | 0 | 0 | 1,718 | Withhold |
| John Hancock | 0 | 0 | 0 | 1,662 | Withhold |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held December 29, 2025.
Combines 4 wordings of this item as funds reported it.
28% Plurality election · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 0 | 0 | 293,498 | Withhold |
| BlackRock | 0 | 0 | 0 | 138,934 | Withhold |
| Equitable | 0 | 0 | 0 | 128,267 | Withhold |
| Fidelity | 0 | 0 | 0 | 114,678 | Withhold |
| TIAA | 0 | 0 | 0 | 38,731 | Withhold |
| American Century | 0 | 0 | 0 | 28,137 | Withhold |
| Dimensional | 0 | 0 | 0 | 24,196 | Withhold |
| SEI | 0 | 0 | 0 | 18,374 | Withhold |
| Northern Lights Fund Trust IV | 0 | 0 | 0 | 16,624 | Withhold |
| TETON WESTWOOD FUNDS | 0 | 0 | 0 | 16,200 | Withhold |
| Charles Schwab | 0 | 0 | 0 | 15,405 | Withhold |
| Lincoln Financial | 0 | 0 | 0 | 4,199 | Withhold |
| Goldman Sachs | 0 | 0 | 0 | 8,054 | Withhold |
| QUANTITATIVE MASTER SERIES LLC | 0 | 0 | 0 | 6,754 | Withhold |
| GDL FUND | 0 | 0 | 0 | 6,000 | Withhold |
| Gabelli | 0 | 0 | 0 | 6,000 | Withhold |
| Lazard | 0 | 0 | 0 | 3,894 | Withhold |
| Brighthouse | 0 | 0 | 0 | 1,800 | Withhold |
| AQR | 0 | 0 | 0 | 2,837 | Withhold |
| Jackson National | 0 | 0 | 0 | 2,592 | Withhold |
| Global X | 0 | 0 | 0 | 2,397 | Withhold |
| Northern Trust | 0 | 0 | 0 | 2,090 | Withhold |
| GPS Funds I | 0 | 0 | 0 | 1,867 | Withhold |
| Pacific Life | 0 | 0 | 0 | 1,718 | Withhold |
| John Hancock | 0 | 0 | 0 | 1,662 | Withhold |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held June 17, 2026.
Combines 4 wordings of this item as funds reported it.
70% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,419 | 1 | 0 | 0 | For |
| Equitable | 14,467 | 172,000 | 0 | 0 | Mixed |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 0 | 42,169 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 20,000 | 0 | 0 | Against |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 0 | 10,000 | 0 | 0 | Against |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 6,000 | 0 | 0 | Against |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| SA FUNDS INVESTMENT TRUST | 0 | 3,512 | 0 | 0 | Against |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 5 wordings of this item as funds reported it.
70% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,179 | 241 | 0 | 0 | For |
| Equitable | 14,467 | 172,000 | 0 | 0 | Mixed |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 0 | 42,169 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 20,000 | 0 | 0 | Against |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 10,600 | 0 | 0 | Against |
| Gabelli | 0 | 10,000 | 0 | 0 | Against |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 6,000 | 0 | 0 | Against |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| SA FUNDS INVESTMENT TRUST | 0 | 3,512 | 0 | 0 | Against |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 0 | 1,395 | 0 | 0 | Against |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 4 wordings of this item as funds reported it.
73% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,419 | 1 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 0 | 42,169 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| SA FUNDS INVESTMENT TRUST | 0 | 3,512 | 0 | 0 | Against |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 4 wordings of this item as funds reported it.
74% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,420 | 0 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 42,169 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 3,512 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 4 wordings of this item as funds reported it.
73% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,419 | 1 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 0 | 42,169 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| SA FUNDS INVESTMENT TRUST | 0 | 3,512 | 0 | 0 | Against |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 4 wordings of this item as funds reported it.
74% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,420 | 0 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 42,169 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 3,512 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 2 wordings of this item as funds reported it.
70% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,419 | 1 | 0 | 0 | For |
| Equitable | 14,467 | 172,000 | 0 | 0 | Mixed |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 0 | 42,169 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 20,000 | 0 | 0 | Against |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 10,600 | 0 | 0 | Against |
| Gabelli | 0 | 10,000 | 0 | 0 | Against |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 6,000 | 0 | 0 | Against |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| SA FUNDS INVESTMENT TRUST | 0 | 3,512 | 0 | 0 | Against |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 0 | 1,395 | 0 | 0 | Against |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held June 17, 2026.
Combines 4 wordings of this item as funds reported it.
73% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,419 | 1 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 0 | 42,169 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| SA FUNDS INVESTMENT TRUST | 0 | 3,512 | 0 | 0 | Against |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 0 | 1,579 | 0 | 0 | Against |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
Meeting held December 29, 2025.
99% Not approved · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 15,767 | 0 | 112,500 | 0 | Mixed |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 0 | 16,200 | 0 | Abstain |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 0 | 6,000 | 0 | Abstain |
| Gabelli | 0 | 0 | 6,000 | 0 | Abstain |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 0 | 0 | 113,000 | 0 | Abstain |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 0 | 0 | 16,200 | 0 | Abstain |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 0 | 0 | 7,000 | 0 | Abstain |
| Gabelli | 0 | 0 | 6,000 | 0 | Abstain |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 0 | 0 | 1,750 | 0 | Abstain |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
Meeting held December 29, 2025.
Combines 2 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 15,767 | 0 | 112,500 | 0 | Mixed |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 0 | 0 | 16,200 | 0 | Abstain |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 0 | 0 | 6,000 | 0 | Abstain |
| Gabelli | 0 | 0 | 6,000 | 0 | Abstain |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
Meeting held June 17, 2026.
Combines 2 wordings of this item as funds reported it.
74% Approved · of votes cast
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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,420 | 0 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 42,169 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 3,512 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 1,579 | 0 | 0 | 0 | For |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 949 | 0 | 0 | 0 | For |
| DWS | 805 | 0 | 0 | 0 | For |
Fund voting reports, all 45 managers: 906,788 for, 441 against. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Gabelli | 262,960 | 0 | 0 | 0 | For |
| Renaissance | 248,337 | 0 | 0 | 0 | For |
| TUDOR INVESTMENT CORP ET AL | 179,344 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 144,058 | 0 | 0 | 0 | For |
| Slotnik Capital, LLC | 130,473 | 0 | 0 | 0 | For |
| BlackRock | 82,387 | 0 | 0 | 0 | For |
| State Street | 74,923 | 0 | 0 | 0 | For |
| Two Sigma | 54,772 | 0 | 0 | 0 | For |
| De Lisle Partners LLP | 50,150 | 0 | 0 | 0 | For |
| Northern Trust | 44,257 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 44,073 | 0 | 0 | 0 | For |
| Vanguard | 43,107 | 0 | 0 | 0 | For |
| Dimensional | 25,553 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 16,586 | 0 | 0 | 0 | For |
| CORSAIR CAPITAL MANAGEMENT, L.P. | 14,426 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 12,500 | 0 | 0 | 0 | For |
| Citadel | 11,011 | 0 | 0 | 0 | For |
| AMERIPRISE FINANCIAL INC | 10,239 | 0 | 0 | 0 | For |
| Man Group plc | 9,576 | 0 | 0 | 0 | For |
| AllianceBernstein | 9,250 | 0 | 0 | 0 | For |
| American Century | 8,890 | 0 | 0 | 0 | For |
| Nuveen | 8,132 | 0 | 0 | 0 | For |
| T. Rowe Price | 7,710 | 0 | 0 | 0 | For |
| MML INVESTORS SERVICES, LLC | 6,993 | 0 | 0 | 0 | For |
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.
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 0 | 0 | 0 | -- |
| Northern Lights Fund Trust IV | 0 | 0 | 0 | 0 | -- |
| BlackRock | 0 | 0 | 0 | 0 | -- |
| Equitable | 0 | 0 | 0 | 0 | -- |
| Fidelity | 0 | 0 | 0 | 0 | -- |
| TIAA | 0 | 0 | 0 | 0 | -- |
| American Century | 0 | 0 | 0 | 0 | -- |
| Dimensional | 0 | 0 | 0 | 0 | -- |
| SEI | 0 | 0 | 0 | 0 | -- |
| TETON WESTWOOD FUNDS | 0 | 0 | 0 | 0 | -- |
| Charles Schwab | 0 | 0 | 0 | 0 | -- |
| Lincoln Financial | 0 | 0 | 0 | 0 | Not Voted |
| Goldman Sachs | 0 | 0 | 0 | 0 | -- |
| QUANTITATIVE MASTER SERIES LLC | 0 | 0 | 0 | 0 | -- |
| GDL FUND | 0 | 0 | 0 | 0 | -- |
| Gabelli | 0 | 0 | 0 | 0 | -- |
| Lazard | 0 | 0 | 0 | 0 | -- |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 0 | 0 | 0 | 0 | -- |
| Jackson National | 0 | 0 | 0 | 0 | -- |
| Global X | 0 | 0 | 0 | 0 | -- |
| Northern Trust | 0 | 0 | 0 | 0 | -- |
| GPS Funds I | 0 | 0 | 0 | 0 | -- |
| Pacific Life | 0 | 0 | 0 | 0 | -- |
| John Hancock | 0 | 0 | 0 | 0 | -- |
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Divisadero Street Capital Management, LP | 0 | 0 | 0 | 0 | -- |
| Renaissance | 0 | 0 | 0 | 0 | Not Voted |
| Gabelli | 0 | 0 | 0 | 0 | -- |
| GEODE CAPITAL MANAGEMENT, LLC | 0 | 0 | 0 | 0 | -- |
| TUDOR INVESTMENT CORP ET AL | 0 | 0 | 0 | 0 | -- |
| BlackRock | 0 | 0 | 0 | 0 | -- |
| BALYASNY ASSET MANAGEMENT L.P. | 0 | 0 | 0 | 0 | -- |
| State Street | 0 | 0 | 0 | 0 | -- |
| Two Sigma | 0 | 0 | 0 | 0 | -- |
| Northern Trust | 0 | 0 | 0 | 0 | -- |
| Nuveen | 0 | 0 | 0 | 0 | -- |
| Newton Investment Management North America, LLC | 0 | 0 | 0 | 0 | -- |
| American Century | 0 | 0 | 0 | 0 | -- |
| AMERIPRISE FINANCIAL INC | 0 | 0 | 0 | 0 | -- |
| ACADIAN ASSET MANAGEMENT LLC | 0 | 0 | 0 | 0 | -- |
| MARSHALL WACE, LLP | 0 | 0 | 0 | 0 | -- |
| Lazard | 0 | 0 | 0 | 0 | -- |
| AllianceBernstein | 0 | 0 | 0 | 0 | Not Voted |
| SEI | 0 | 0 | 0 | 0 | -- |
| MELLON INVESTMENTS Corp | 0 | 0 | 0 | 0 | -- |
| Dimensional | 0 | 0 | 0 | 0 | -- |
| Charles Schwab | 0 | 0 | 0 | 0 | -- |
| EHP Funds Inc. | 0 | 0 | 0 | 0 | -- |
| CORSAIR CAPITAL MANAGEMENT, L.P. | 0 | 0 | 0 | 0 | -- |
| Vanguard | 0 | 0 | 0 | 0 | -- |
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.
Meeting held December 29, 2025.
Combines 2 wordings of this item as funds reported it.
53.3% Approved · of votes cast
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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 280,506 | 3,110 | 0 | 0 | For |
| BlackRock | 0 | 138,934 | 0 | 0 | Against |
| Equitable | 112,500 | 15,767 | 0 | 0 | Mixed |
| Fidelity | 0 | 114,678 | 0 | 0 | Against |
| TIAA | 0 | 38,731 | 0 | 0 | Against |
| American Century | 0 | 28,137 | 0 | 0 | Against |
| Dimensional | 0 | 24,196 | 0 | 0 | Against |
| SEI | 0 | 18,374 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 15,405 | 0 | 0 | Against |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 0 | 6,754 | 0 | 0 | Against |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 3,500 | 699 | 0 | 0 | Mixed |
| Lazard | 0 | 3,894 | 0 | 0 | Against |
| AQR | 0 | 2,837 | 0 | 0 | Against |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Global X | 0 | 2,397 | 0 | 0 | Against |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Brighthouse | 0 | 1,800 | 0 | 0 | Against |
| Pacific Life | 0 | 1,718 | 0 | 0 | Against |
| John Hancock | 0 | 1,662 | 0 | 0 | Against |
| Nationwide | 0 | 1,509 | 0 | 0 | Against |
Fund voting reports, all 41 managers: 449,655 for, 428,930 against. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Renaissance | 0 | 633,058 | 0 | 0 | Against |
| Gabelli | 228,918 | 0 | 0 | 0 | For |
| Slotnik Capital, LLC | 0 | 136,061 | 0 | 0 | Against |
| GEODE CAPITAL MANAGEMENT, LLC | 0 | 131,573 | 0 | 0 | Against |
| TUDOR INVESTMENT CORP ET AL | 0 | 127,943 | 0 | 0 | Against |
| BlackRock | 422 | 83,152 | 0 | 0 | Against |
| BALYASNY ASSET MANAGEMENT L.P. | 0 | 70,657 | 0 | 0 | Against |
| State Street | 60,417 | 0 | 0 | 0 | For |
| Two Sigma | 0 | 46,960 | 0 | 0 | Against |
| Northern Trust | 39,338 | 501 | 0 | 0 | For |
| Nuveen | 0 | 38,731 | 0 | 0 | Against |
| Newton Investment Management North America, LLC | 0 | 32,829 | 0 | 0 | Against |
| American Century | 0 | 28,194 | 0 | 0 | Against |
| AMERIPRISE FINANCIAL INC | 0 | 27,675 | 0 | 0 | Against |
| ACADIAN ASSET MANAGEMENT LLC | 0 | 27,303 | 0 | 0 | Against |
| MARSHALL WACE, LLP | 0 | 25,208 | 0 | 0 | Against |
| Lazard | 0 | 25,172 | 0 | 0 | Against |
| SEI | 0 | 18,374 | 0 | 0 | Against |
| MELLON INVESTMENTS Corp | 0 | 17,878 | 0 | 0 | Against |
| Dimensional | 0 | 16,415 | 0 | 0 | Against |
| Charles Schwab | 0 | 15,439 | 0 | 0 | Against |
| EHP Funds Inc. | 0 | 14,770 | 0 | 0 | Against |
| CORSAIR CAPITAL MANAGEMENT, L.P. | 0 | 14,426 | 0 | 0 | Against |
| Vanguard | 11,697 | 123 | 0 | 0 | For |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 0 | 10,168 | 0 | 0 | Against |
Institutional-manager reports, all 86 managers: 357,731 for, 1,606,016 against. Showing the 25 largest; see all in the interactive database.
Meeting held December 29, 2025.
Combines 3 wordings of this item as funds reported it.
99.2% Approved · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 293,498 | 0 | 0 | 0 | For |
| BlackRock | 138,934 | 0 | 0 | 0 | For |
| Equitable | 128,267 | 0 | 0 | 0 | For |
| Fidelity | 114,678 | 0 | 0 | 0 | For |
| TIAA | 38,731 | 0 | 0 | 0 | For |
| American Century | 28,137 | 0 | 0 | 0 | For |
| Dimensional | 24,196 | 0 | 0 | 0 | For |
| SEI | 18,374 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 16,624 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 15,405 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| Goldman Sachs | 8,054 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 6,754 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lazard | 3,894 | 0 | 0 | 0 | For |
| Brighthouse | 1,800 | 0 | 0 | 0 | For |
| AQR | 2,837 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Global X | 2,397 | 0 | 0 | 0 | For |
| Northern Trust | 2,090 | 0 | 0 | 0 | For |
| GPS Funds I | 1,867 | 0 | 0 | 0 | For |
| Pacific Life | 1,718 | 0 | 0 | 0 | For |
| John Hancock | 1,662 | 0 | 0 | 0 | For |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
Meeting held June 17, 2026.
99% Approved · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 282,420 | 0 | 0 | 0 | For |
| Equitable | 186,467 | 0 | 0 | 0 | For |
| Fidelity | 123,599 | 0 | 0 | 0 | For |
| BlackRock | 123,025 | 0 | 0 | 0 | For |
| Dimensional | 42,169 | 0 | 0 | 0 | For |
| Northern Lights Fund Trust IV | 27,257 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 20,000 | 0 | 0 | 0 | For |
| Charles Schwab | 13,615 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 12,100 | 0 | 0 | 0 | For |
| Goldman Sachs | 10,600 | 0 | 0 | 0 | For |
| Gabelli | 10,000 | 0 | 0 | 0 | For |
| American Century | 8,833 | 0 | 0 | 0 | For |
| WisdomTree | 7,588 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 6,000 | 0 | 0 | 0 | For |
| GDL FUND | 6,000 | 0 | 0 | 0 | For |
| TIAA | 5,951 | 0 | 0 | 0 | For |
| Lincoln Financial | 4,199 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 3,512 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 2,684 | 0 | 0 | 0 | For |
| Jackson National | 2,592 | 0 | 0 | 0 | For |
| Northern Trust | 2,370 | 0 | 0 | 0 | For |
| Global X | 2,200 | 0 | 0 | 0 | For |
| Pacific Life | 2,059 | 0 | 0 | 0 | For |
| John Hancock | 1,579 | 0 | 0 | 0 | For |
| GPS Funds I | 1,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.
Meeting held December 29, 2025.
30% Not approved · of votes cast
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 0 | 293,498 | 0 | 0 | Against |
| BlackRock | 0 | 138,934 | 0 | 0 | Against |
| Equitable | 0 | 15,767 | 112,500 | 0 | Mixed |
| Fidelity | 0 | 114,678 | 0 | 0 | Against |
| TIAA | 0 | 38,731 | 0 | 0 | Against |
| American Century | 0 | 28,137 | 0 | 0 | Against |
| Dimensional | 0 | 24,196 | 0 | 0 | Against |
| SEI | 0 | 18,374 | 0 | 0 | Against |
| Northern Lights Fund Trust IV | 0 | 16,624 | 0 | 0 | Against |
| TETON WESTWOOD FUNDS | 0 | 0 | 16,200 | 0 | Abstain |
| Charles Schwab | 0 | 15,405 | 0 | 0 | Against |
| Goldman Sachs | 0 | 8,054 | 0 | 0 | Against |
| QUANTITATIVE MASTER SERIES LLC | 0 | 6,754 | 0 | 0 | Against |
| GDL FUND | 0 | 0 | 6,000 | 0 | Abstain |
| Gabelli | 0 | 0 | 6,000 | 0 | Abstain |
| Lincoln Financial | 0 | 4,199 | 0 | 0 | Against |
| Lazard | 0 | 3,894 | 0 | 0 | Against |
| AQR | 0 | 2,837 | 0 | 0 | Against |
| Jackson National | 0 | 2,592 | 0 | 0 | Against |
| Global X | 0 | 2,397 | 0 | 0 | Against |
| Northern Trust | 0 | 2,090 | 0 | 0 | Against |
| GPS Funds I | 0 | 1,867 | 0 | 0 | Against |
| Brighthouse | 0 | 1,800 | 0 | 0 | Against |
| Pacific Life | 0 | 1,718 | 0 | 0 | Against |
| John Hancock | 0 | 1,662 | 0 | 0 | Against |
Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.
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
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 113,000 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 0 | Not Voted |
| TETON WESTWOOD FUNDS | 16,200 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| GDL FUND | 7,000 | 0 | 0 | 0 | For |
| Gabelli | 6,000 | 0 | 0 | 0 | For |
| Lincoln Financial | 0 | 3,500 | 0 | 0 | Against |
| Global X | 0 | 0 | 0 | 0 | Not Voted |
| Comstock Funds, Inc. | 1,750 | 0 | 0 | 0 | For |
| State Street | 0 | 1,395 | 0 | 0 | Against |
| Invesco | 1,065 | 0 | 0 | 0 | For |
| Brinker Capital Destinations Trust | 0 | 233 | 0 | 0 | Against |
| PENN SERIES FUNDS INC | 0 | 200 | 0 | 0 | Against |
| Innovator ETFs Trust | 0 | 153 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 0 | 0 | 0 | Not Voted |
| First Trust | 0 | 0 | 0 | 0 | -- |
Showing the 40 reported items with the widest manager coverage, of 43 in total. View every item.
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.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 1.93% |
| 2 | Northern Lights Fund Trust IV | 1.09% |
| 3 | BlackRock | 0.91% |
| 4 | Equitable | 0.84% |
| 5 | Fidelity | 0.75% |
| 6 | TIAA | 0.25% |
| 7 | American Century | 0.18% |
| 8 | Dimensional | 0.16% |
| 9 | SEI | 0.12% |
| 10 | TETON WESTWOOD FUNDS | 0.11% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Divisadero Street Capital Management, LP | 10.48% |
| 2 | Renaissance | 4.16% |
| 3 | Gabelli | 1.51% |
| 4 | GEODE CAPITAL MANAGEMENT, LLC | 0.86% |
| 5 | TUDOR INVESTMENT CORP ET AL | 0.84% |
| 6 | BlackRock | 0.55% |
| 7 | BALYASNY ASSET MANAGEMENT L.P. | 0.46% |
| 8 | State Street | 0.40% |
| 9 | Two Sigma | 0.31% |
| 10 | Northern Trust | 0.26% |
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.
| 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.
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.