Company: VALU
Filing Date: 2025-08-22
Form Type: DEF 14A
Source: 0001437749-25-027553
Chunk: 12

Company: VALUE LINE INC
Filing Date: 2025-08-22
Form: DEF 14A
Chunk 12
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 of fees paid to all non-employee directors during fiscal 2025.

| Name             | Fees Earned or Paid in Cash ($) |
| Mary Bernstein   |                         $40,000 |
| Stephen P. Davis |                         $40,000 |
| Alfred R. Fiore  |                         $40,000 |
| Glenn J. Muenzer |                         $45,000 |

Each of Messrs. Davis, Fiore, and Muenzer serves on both the Audit Committee and the Compensation Committee of the Board.

Pay Ratio Disclosure

The median compensation of all employees of the Company as of the last day of the fiscal year, April 30, 2025, was $82,500. The total compensation of the chief executive officer (principal executive officer) for such fiscal year ended April 30, 2025, as reported in the table on page 13, was $890,042. Accordingly the ratio of the principal executive officer’s total compensation to the compensation of the Company’s median employee was 10.79:1.

Median Employee Compensation

We selected April 30, 2025 as the date on which to determine our median employee. As of that date, we had approximately 117 employees. For purposes of identifying the median employee, we considered the salary of all employees in the Company’s employee population. We measured compensation as of April 30, 2025 for purposes of determining the compensation of the median employee.

In determining the annual total compensation of the median employee, we calculated such employee’s compensation in accordance with Item 402(c)(2)(x) of Regulation S-K as required pursuant to SEC executive compensation disclosure rules. This calculation is the same calculation used to determine total compensation for purposes of the 2025 Summary Compensation Table with respect to each of the named executive officers.

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Certain Relationships and Related Party Transactions

Transactions with Related Persons

Since May 1, 2024, the Company did not participate, and at the date of this Proxy Statement does not propose to participate, in any transaction in which any of the directors, executive officers, any beneficial owner of more than 5% of the Company’s common stock, nor any of their immediate family members, had a material direct or indirect interest, except that the Company was reimbursed $356,000 for payments it made on behalf of and services it provided to AB&Co., which reimbursement was reviewed and approved by the Company’s Board of Directors. In addition, none of the directors