8-K 1 valu20201009_8k.htm FORM 8-K valu20201009_8k.htm

 



 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of the earliest event reported): October 9, 2020

 

Value Line, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

New York
(State or Other Jurisdiction

of Incorporation)

 

0-11306
   (Commission File Number)

 

13-3139843
(I.R.S Employer
Identification No.)

 

551 Fifth Avenue
New York, New York

(Address of Principal Executive Offices)

10176 

(Zip Code)

 

(212) 907-1500
(Registrant’s Telephone Number, Including Area Code)

 

 Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading symbol

Name of each Exchange on which registered

Common stock, $0.10 par value per share

VALU

The Nasdaq Capital Market

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 



 

 

 

Item 5.07.  Submission of Matters to a Vote of Security Holders.

 

On October 9, 2020, the annual meeting of the shareholders of Value Line, Inc. was held to consider three proposals. Final votes have been tabulated and reported by American Stock Transfer & Trust Company, LLC, the Company’s transfer agent. Details of the voting are provided below:

 

 

Proposal 1:

 

To elect the following nominees as Directors of the Company.  

 

 

   

Votes For

 

Withheld

         

Howard A. Brecher

 

9,025,779

 

287,380

         

Stephen R. Anastasio

 

8,897,945

 

415,214

         

Mary Bernstein

 

9,025,476

 

287,683

         

Alfred R. Fiore

 

9,249,784

 

63,375

         

Stephen P. Davis

 

9,249,784

 

63,375

         

Glenn J. Muenzer

 

9,124,165

 

188,994

 

 

Proposal 2:

       
 

Votes

Votes

 

Broker

 

For

Against

Abstentions

Non-Vote

         

Advisory vote on executive compensation, commonly referred to as “say-on-pay”

9,296,445

13,417

3,295

0

 

 

Proposal 3:

         
 

Every 1 Year

Every 2 Years

Every 3 Years

Abstentions

Broker Non-Vote

           

Advisory vote on frequency of future stockholder advisory votes on executive compensation “say when-on-pay”

327,848

9,267

8,899,493

76,550

0

 

  

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

VALUE LINE, INC.

 

 

 

 

 

 

 

 

 

Dated: October 9, 2020

By:

/s/ Howard A. Brecher

 

 

 

Howard A. Brecher

 

 

 

Chairman & Chief Executive Officer