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 20, 2010
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.)
|
220
East 42nd
Street
New
York, New York
(Address
of Principal Executive Offices)
10017
(Zip
Code)
(212)
907-1500
(Registrant’s
Telephone Number, Including Area Code)
Not Applicable
(Former
Name or Former Address, if Changed Since Last Report)
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.):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
October 21, 2010, Mary Bernstein was appointed by the Board of Directors (the
"Board") of Value Line, Inc. ("Value Line") to serve as a director of Value
Line. Ms. Bernstein is not expected to serve on any Board committees
upon her appointment to the Board. There is no arrangement or
understanding between Ms. Bernstein and any other person pursuant to which Ms.
Bernstein was selected as a director of Value Line. No material plan,
contract or arrangement to which Ms. Bernstein is a party or in which she
participates is being entered into or materially amended in connection with Ms.
Bernstein's appointment to the Board and Ms. Bernstein is not receiving any
grant or award or modification thereto, under any such plan, contract or
arrangement in connection with Ms. Bernstein's appointment to the
Board. Since April 30, 2009, Ms. Bernstein has not had a direct or
indirect material interest in any transaction or proposed transaction, in which
Value Line was or is a proposed participant, exceeding $120,000.
On
October 20, 2010, Thomas T. Sarkany resigned as a director of Value
Line.
Item
8.01. Other Events.
On
October 22, 2010, Value Line announced that the Board declared a special
dividend of $2.00 per common share of Value Line, payable on November 12, 2010
to shareholders of record on
November 1, 2010. The special dividend is a qualified dividend and is
being paid in lieu of Value Line's regular quarterly dividend of $0.20 per
common share of Value Line.
The press
release announcing the special dividend is attached as Exhibit 99.1 and is
incorporated into this Item 8.01 by reference.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number
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Description
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99.1
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Press
release dated October 22,
2010
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Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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VALUE
LINE, INC. |
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Dated:
October 22, 2010
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By:
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/s/ Howard A. Brecher
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Name:
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Howard
A. Brecher
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Title:
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Acting
Chairman and Acting
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Chief
Executive
Officer
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EXHIBIT
INDEX
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Exhibit Number
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Description
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99.1
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Press
release dated October 22,
2010
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