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<SEC-DOCUMENT>0001144204-09-056591.txt : 20091104
<SEC-HEADER>0001144204-09-056591.hdr.sgml : 20091104
<ACCEPTANCE-DATETIME>20091104170351
ACCESSION NUMBER:		0001144204-09-056591
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091104
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091104
DATE AS OF CHANGE:		20091104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALUE LINE INC
		CENTRAL INDEX KEY:			0000717720
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				133139843
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11306
		FILM NUMBER:		091158462

	BUSINESS ADDRESS:	
		STREET 1:		220 E 42ND ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2129071500
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appropriate box below if the Form 8-K filing is intended to simultaneously
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pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</font></div>
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pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
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communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
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communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></div>
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5.02.<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In line
with the Board of Directors&#8217; action reported in the Company&#8217;s announcement of
September 11, 2009, Howard A. Brecher, Chief Legal Officer, has become Acting
Chairman and Acting CEO in addition to his current positions as of November 4,
2009.&#160;&#160;His appointment follows the resignations of Jean Bernhard
Buttner as CEO, Chairman, President, and Director, and of David Henigson as Vice
President and Director of the Company.</font></div>
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Brecher, age 56, has been an officer of the Company for more than 17
years.&#160;&#160;In addition to Chief Legal Officer, Secretary and Vice
President of the Company, Mr. Brecher is also Vice President and Secretary of
the Value Line Family of Funds since June 2008, Secretary of EULAV Asset
Management, LLC since February 2009, and Vice President, Secretary, Treasurer,
General Counsel and a Director of Arnold Bernhard &amp; Co., Inc., the parent of
the Company.&#160;&#160;Mr. Brecher is a graduate of Harvard University, Harvard
Business School and Harvard Law School.&#160;&#160;He also holds a Master&#8217;s
Degree in tax law from New York University.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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8.01.<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>Other
Events.</font></a><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><br></font></div>
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November 4, 2009 Value Line, Inc. (the &#8216;Company&#8221;) issued the attached press
release announcing that the Securities and Exchange Commission (the &#8220;SEC&#8221;) has
approved the Company&#8217;s proposed settlement (the &#8220;Settlement&#8221;) regarding an SEC
investigation relating to commissions paid by nine Value Line equity mutual
funds to an affiliated brokerage subsidiary. The proposed settlement had
previously been disclosed in a press release and in Form 8-K dated September 11,
2009, incorporated herein by reference. In the Settlement, Value Line neither
admits nor denies the investigation&#8217;s findings. The Company chose to settle to
avoid costly and protracted litigation.</font></div>
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Line has restructured its investment management subsidiary and brokerage
relationships and is confident that they conform to applicable regulatory
requirements. Value Line management ended the mutual funds&#8217; use of the
affiliated brokerage in 2004.</font></div>
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9.01.<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>Financial Statements and
Exhibits</font></div>
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duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
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INDEX</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
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<html>
  <head>
    <title>Unassociated Document</title>
    <!--Licensed to: Vintage Filings-->
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    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Value
Line, Inc.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">220
East 42<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">nd</font>
Street</font></div>
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York, NY 10017</font></div>
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      Immediate Release</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Contact:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
      </font></div>
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              <td align="left" valign="top" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">William
      McBride</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">November
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Approves Previously Reported Settlement Offer made by Value Line,
Inc.</font></div>
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November 4 /PRNewswire-FirstCall/ --<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(Nasdaq: <font style="DISPLAY: inline; TEXT-DECORATION: underline">VALU</font> - <font style="DISPLAY: inline; TEXT-DECORATION: underline">News</font>)</font></div>
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NASDAQ &#8211; (VALU) Value Line, Inc. announced today that its previously reported
offer to settle a Securities and Exchange Commission investigation begun in 2005
has been accepted by the Commission.&#160;&#160;Value Line and two of its former
officers neither admit nor deny the findings of the investigation, which relate
to commissions and fees paid by nine Value Line equity mutual funds to an
affiliated brokerage subsidiary from 1986 through November 2004.</font></div>
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this period the affiliated brokerage revenue comprised less than 1 &#189;% of Value
Line, Inc.&#8217;s total revenue.&#160;&#160;Value Line management ended the
affiliated brokerage practice in 2004.</font></div>
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