People: Lifeway Foods Inc (LWAY.OQ)

LWAY.OQ on NASDAQ Stock Exchange Global Market

20 Sep 2019
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$-0.01 (-0.41%)
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Smolyansky, Edward 

Mr. Edward P. Smolyansky serves as a Chief Operating Officer, Treasurer, Secretary, Director of the Company. Mr. Smolyansky was appointed as Chief Financial and Accounting Officer and Treasurer of Lifeway in November 2004 and appointed as the Chief Operating Officer and Secretary in 2012. He resigned his titles as Chief Financial Officer on January 1, 2016 and as Chief Accounting Officer on August 8, 2016. He also served as Lifeway’s Controller from June 2002 until 2004. He received his bacherlor’s degree in finance from Loyola University of Chicago in December 2001. He holds no other directorships in any other reporting company. Mr. Smolyansky is the brother of President and CEO Julie Smolyansky and the son of Lifeway’s Chairperson of the Board Ludmila Smolyansky. Mr. Smolyansky’s role, and knowledge acquired, serving the Company in a senior executive capacity since 2002 qualify him to continue to serve on the Board. Mr. Smolyansky’s family maintains a controlling interest in the Company, and the Board believes it is appropriate to provide for continuity of the representation of the Smolyansky family on the Board as a component of our succession planning strategy.

Basic Compensation

Total Annual Compensation, USD 1,742,440
Restricted Stock Award, USD 575,000
Long-Term Incentive Plans, USD --
All Other, USD 49,504
Fiscal Year Total, USD 2,366,940

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --