Company: VALU
Filing Date: 2025-08-22
Form Type: DEF 14A
Source: 0001437749-25-027553
Chunk: 6

Company: VALUE LINE INC
Filing Date: 2025-08-22
Form: DEF 14A
Chunk 6
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 their own excessive risk taking. |

| ● | Annual bonus determinations are almost invariably made after the completion of the fiscal year, discouraging employees from focusing on select fixed numerical goals that could lead them to take excessive risks during the course of the year. In the Company’s view, this approach creates appropriate incentives to increase long-term shareholder value without unduly exposing the Company to manipulation of the incentive process or other material adverse risks. |

| ● | The Company has a detailed code of ethics and business conduct applicable to all of its employees, which is supported by a number of control mechanisms. The Company believes these measures help to create an atmosphere that discourages excessive risk taking. |

| ● | The Company does not have in place formal employment incentive agreements with the executive officers. The Company believes that this discourages short-term risk taking as employees are exposed to risks of failure, as well as the rewards for success. |

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The foregoing represents a consensus view of management concerning the Company's long-held compensation philosophy rather than the product of any formal procedure. Management believes that the compensation program enables it to provide appropriate rewards and incentives for successes to employees while appropriately managing risks.

Identifying and Evaluating Potential Directors

The Company does not have a standing nominating committee and there is not a written charter governing selection of directors for annual elections or to fill vacancies. The Board feels it is appropriate for the full Board to carry out these duties, noting that the Company has a relatively small Board.

The Board’s process for identifying and evaluating potential directors includes accepting recommendations from directors, officers, and shareholders of the Company. Persons standing for re-election are encouraged to own shares. There is no difference in the manner in which the Board evaluates persons recommended by directors or officers and persons recommended by shareholders.

To be considered in the preparation of the annual proxy statement, recommendations from shareholders must be received by the Company in writing by at least thirty (30) (but not more than sixty (60)) days prior to the shareholders’ meeting, regardless of any postponements, deferrals or adjournments of that meeting to a later date; provided that if less than forty (40) days’ notice or prior public disclosure of the date of the meeting is given or made to shareholders, notice by the shareholder to be timely must be received by the Company as provided herein not later than the close of business on the tenth (10) day following the earlier of the day on which such notice of the date of the meeting was mailed or the day on which