Value Line holders favor pay votes every three years

The say-on-pay proposal received 9,170,075 votes for, while 8,798,585 votes favored setting future advisory votes every three years.

Rhea-AI Filing Summary

Value Line, Inc. (VALU) reported the results of its October 6, 2026 annual meeting, where shareholders voted on three proposals. Director nominee Howard A. Brecher received 9,096,110 votes for and 81,085 withheld; Stephen R. Anastasio received 8,976,119 for and 201,076 withheld; Mary Bernstein received 8,891,074 for and 286,121 withheld; Glenn J. Muenzer received 8,997,105 for and 180,090 withheld; and Alexander J. Swistel received 9,164,103 for and 13,092 withheld.

The advisory vote on executive compensation, commonly called say-on-pay, received 9,170,075 votes for, 5,538 against, and 1,582 abstentions. On the frequency of future say-on-pay votes, 8,798,585 votes were for every three years, 376,574 for every year, and 1,666 for every two years; there were 370 abstentions. Howard A. Brecher, Chairman and Chief Executive Officer, signed for the company.

8-K Event Classification

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

1 item

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

Results of a shareholder vote on proposals at an annual or special meeting.

Key Figures

Say-on-pay votes for: 9,170,075 votes Say-on-pay votes against: 5,538 votes Say-on-pay abstentions: 1,582 votes +3 more

6 metrics

Say-on-pay votes for 9,170,075 votes Advisory vote on executive compensation

Say-on-pay votes against 5,538 votes Advisory vote on executive compensation

Say-on-pay abstentions 1,582 votes Advisory vote on executive compensation

Votes for every-three-years frequency 8,798,585 votes Frequency of future advisory votes on executive compensation

Votes for every-year frequency 376,574 votes Frequency of future advisory votes on executive compensation

Votes for every-two-years frequency 1,666 votes Frequency of future advisory votes on executive compensation

Key Terms

say-on-pay, Broker Non-Vote, Abstentions

3 terms

say-on-pay regulatory

"commonly referred to as “say-on-pay”"

A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.

Broker Non-Vote regulatory

"Broker Non-Vote"

A broker non-vote happens when a brokerage firm holds shares in street name for a client but does not cast a ballot on a particular shareholder item because the broker lacks discretionary authority to vote that matter. Think of it like a person who owns a ticket but the ticket-holder refuses to vote on some issues; the share counts for ownership but not for that vote, which can affect whether proposals reach the required number of votes or a quorum.

Abstentions regulatory

"Abstentions"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Value Line (VALU) shareholders vote on the say-on-pay proposal?

At the October 6, 2026 annual meeting, the advisory executive-compensation proposal received 9,170,075 votes for, 5,538 against, and 1,582 abstentions.

How often did Value Line (VALU) shareholders favor holding future say-on-pay votes?

The every-three-years option received 8,798,585 votes, compared with 376,574 votes for every year and 1,666 for every two years. There were 370 abstentions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/06/2026 - 01:44 PM Accepted by SEC EDGAR 10/06/2026 - 01:44 PM Learn about SEC filing dates

false 0000717720 0000717720 2026-10-06 2026-10-06

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 6, 2026

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 6, 2026, the annual meeting of the shareholders of Value Line, Inc. was held to consider three proposals. Final votes have been tabulated and reported by Equiniti 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		9,096,110		81,085
Stephen R. Anastasio		8,976,119		201,076
Mary Bernstein		8,891,074		286,121
Glenn J. Muenzer		8,997,105		180,090
Alexander J. Swistel		9,164,103		13,092

Proposal 2:

	Votes	Votes		Broker
	For	Against	Abstentions	Non-Vote
Advisory vote on executive  compensation, commonly referred to  as “say-on-pay”	9,170,075	5,538	1,582	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”	376,574	1,666	8,798,585	370	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 6, 2026	By:	/s/ Howard A. Brecher
		Howard A. Brecher Chairman & Chief Executive Officer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB