Company: VALU
Filing Date: 2025-08-22
Form Type: DEF 14A
Source: 0001437749-25-027553
Chunk: 18

Company: VALUE LINE INC
Filing Date: 2025-08-22
Form: DEF 14A
Chunk 18
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 Plan

With regard to incentive compensation for executives (other than the CEO whose compensation is determined by the Board), the Company’s bonus awards are determined by the CEO after a review of the executive’s accomplishments on behalf of the business, based on a review of the executive’s responsibilities, contributions, and leadership in reducing company costs, improving efficiencies or increasing revenues and profits. The Company believes the award process creates appropriate incentives to increase long-term shareholder value without unduly exposing the Company to material adverse risks.

Bonus payments are awarded to executives based upon competitive market conditions, individual performance and the success of the Company.

By considering the compensation of competitive employers, and the degree of success of an executive; achievement of corporate quantitative, qualitative and competitive objectives; and the progress of the business in light of market and economic conditions, the CEO determines individual bonuses and base salary adjustments.

How We Make Compensation Decisions

Process of Compensation Committee and Role of Management

Personnel of the Company are available to assist the Committee upon request. The CEO and all officers of the Company are available to answer questions of the committee.

Company personnel are not involved in determining the level or structure of the CEO’s compensation as recommended by the Compensation Committee.

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Use of Competitive Compensation Benchmarking

For fiscal 2025, the Compensation Committee determined it was not feasible to update the list of 2024 peer companies. The Committee did observe that overall compensation levels of public companies had increased once again. This comparator group from 2024 consists of six companies that are as similar as could be found to Value Line, and which were believed to be appropriate for making pay level determinations (the “Peer Group”).

The 2024 Peer Group consisted of the following six companies:

| Daily Journal Corporation | Donnelley Financial Solutions, Inc. |
| Forrester Research, Inc.  | Moody’s Corporation                 |
| Morningstar, Inc.         | MarketAxess Holdings, Inc.          |

Chief Executive Officer Compensation Decisions–Approved by the Board

Fiscal 2024 Target Compensation

For fiscal 2024, the Committee recommended that Mr. Brecher’s base salary be $725,000 and the bonus opportunity was set at $400,000 (55% of base salary). Mr. Brecher declined the increase in salary.

Fiscal 2025 Target Compensation

For fiscal 2025, the Committee recommended that Mr. Brecher’s base salary be $825,000 and the bonus opportunity was set at $450,000 (