Company: VALU
Filing Date: 2025-08-22
Form Type: DEF 14A
Source: 0001437749-25-027553
Chunk: 16

Company: VALUE LINE INC
Filing Date: 2025-08-22
Form: DEF 14A
Chunk 16
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 in accordance with the SEC's definitions and rules, “audit fees” are fees the Company paid Horowitz & Ullmann, P.C. for professional services for the audit of the Company's consolidated financial statements for the fiscal years ended April 30, 2025 and 2024 included in Form 10-K and the review of consolidated condensed financial statements included in Forms 10-Q and for services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements; “audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or review of the Company's consolidated financial statements; and “tax fees” are fees for tax compliance, tax advice and tax planning.

The Company’s Audit Committee reviews all fees charged by the Company’s independent auditors and monitors the relationship between audit and non-audit services provided. The Audit Committee must pre-approve all audit and non-audit services provided by the independent auditors and fees charged. All audit and permissible non-audit services in fiscal 2025 and fiscal 2024 were pre-approved by the Audit Committee pursuant to these procedures.

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COMPENSATION COMMITTEE REPORT</div>

The Company’s executive compensation program is designed to promote the Company’s attraction and retention of capable and experienced executives, to reward successful departmental and corporate performance and to appropriately compensate executives who contribute to the operations and long-term profitability of the Company. The following guidelines have been established to carry out this policy: The Board has determined that a portion of the executive compensation should reflect the performance of the Company and the individual.

The Compensation Committee determined this year that it would not be necessary to engage an outside consultant to advise on the CEO’s compensation. There were two principal factors in this decision. First, because the Company is much smaller than comparable other public companies, although highly profitable, it is no longer practicable to develop a meaningful peer group for comparisons, which is at the heart of a compensation consultant’s process. (Accordingly, last year’s peer group is referred to as to other matters in this proxy statement). Second, the CEO, Mr. Brecher, asked not to be considered for an increase in base salary, 2025 bonus or target bonus, notwithstanding higher Company profits. Additional details are included in this Proxy Statement in the Compensation Discussion and Analysis, which begins on page 20. The Committee, which consists only of independent directors, has not found it necessary to adopt a formal charter for its activities.

The Compensation Committee