Company: VALU
Filing Date: 2025-08-22
Form Type: DEF 14A
Source: 0001437749-25-027553
Chunk: 3

Company: VALUE LINE INC
Filing Date: 2025-08-22
Form: DEF 14A
Chunk 3
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. Buttner owns all of the outstanding voting stock of Arnold Bernhard & Co., Inc. (“AB&Co.”). |

The following table sets forth information as of August 12, 2025 with respect to shares of the Company’s Common Stock owned by each nominee for director of the Company, by each executive officer listed in the Summary Compensation Table and by all named executive officers and directors as a group.

|                                                             |   Number of Shares 
 Beneficially Owned |     | Percentage of Shares 
 Beneficially Owned   |
| Name and Address of Beneficial Owner                        |                    |     |                      |
| Stephen R. Anastasio                                        |                600 |     | *                    |
| Mary Bernstein                                              |                200 |     | *                    |
| Howard A. Brecher                                           |              1,600 |     | *                    |
| Stephen P. Davis                                            |                200 |     | *                    |
| Alfred R. Fiore                                             |                400 |     | *                    |
| Glenn J. Muenzer                                            |                200 |     | *                    |
| All directors and executive officers as a group (6 persons) |              3,200 |     | *                    |

*Less than one percent

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CORPORATE GOVERNANCE</div>

Role of the Board of Directors

Our Board plays an active role in overseeing management and representing the interests of shareholders. Directors are expected to attend Board meetings and the meetings of committees on which they serve. Directors are also in communication with management as needed between formal meetings. During the fiscal year ended April 30, 2025 (“fiscal 2025”), there were four meetings of the Board of Directors. Each director elected last year attended 100% of the meetings of the Board of Directors and of each committee on which they served during the fiscal year.

Board Leadership Structure

The Company’s current practice is to combine the roles of Chief Executive Officer (“CEO”) and Chairman. The Board has determined that combining these positions serves the best interests of the Company and its shareholders. Board oversight is enhanced by the fact that the Board’s key committees - Audit and Compensation - are comprised entirely of independent directors. The Board has not designated any independent director as the lead independent director.

The Board believes that the Company’s CEO is best qualified to serve as Chairman because he is the director most familiar with the Company’s business and industry, and in the best position to effectively identify strategic priorities and to lead the consideration and