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 | |
