Company: VALU
Filing Date: 2025-08-22
Form Type: DEF 14A
Source: 0001437749-25-027553
Chunk: 2

Company: VALUE LINE INC
Filing Date: 2025-08-22
Form: DEF 14A
Chunk 2
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 Stock of record at the close of business on August 12, 2025 will be entitled to vote at the meeting. On that date, there were 9,409,522 shares of Common Stock outstanding, the holders of which are entitled to one vote per share.

Under the New York Business Corporation Law (the “BCL”) and the Company’s By-Laws, the presence, in person or by proxy, of the holders of a majority of the outstanding shares of Common Stock entitled to vote is necessary to constitute a quorum of shareholders to take action at the Annual Meeting. For these purposes, shares which are present, or represented by a proxy, at the Annual Meeting, including abstentions and “broker non-votes” (shares held by a broker or nominee that does not have discretionary authority to vote on a particular matter and has not received voting instructions from its client) are counted for purposes of determining the presence or absence of a quorum for the transaction of business at the Annual Meeting. Brokers may no longer use discretionary authority to vote shares of Common Stock held for clients on any of the matters to be considered at the Annual Meeting. Accordingly, it is important that, if your shares are held by a broker, you provide written instructions to your broker so that your vote with respect to the election of directors is counted. New York law allows for either virtual or in-person shareholders’ meetings or a combination of the two.

At the Company’s annual meeting held on October 6, 2023, the shareholders voted that future non-binding shareholder advisory votes on executive compensation (“say-on-pay”) should occur every three years (“say-when-on-pay”). Accordingly, an advisory vote on say-on-pay and say-when-on-pay will occur at the annual meeting to be held in calendar 2026.

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table sets forth information as of August 12, 2025 as to shares of the Company’s Common Stock held by persons known to the Company to be the beneficial owners of more than 5% of the Company’s Common Stock.

| Name                           
 of Beneficial Owner            |     |   Number of Shares 
 Beneficially Owned |     | Percentage of Shares  
 Beneficially Owned(1) |
| Arnold Bernhard & Co., Inc.(1) |     |          8,633,733 |     | 91.76%                |

| (1) | Jean B