0001188112-12-002906.txt : 20120919 0001188112-12-002906.hdr.sgml : 20120919 20120919142947 ACCESSION NUMBER: 0001188112-12-002906 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120919 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120919 DATE AS OF CHANGE: 20120919 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: 121099560 BUSINESS ADDRESS: STREET 1: 220 EAST 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212 907-1500 MAIL ADDRESS: STREET 1: 220 EAST 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10017 8-K 1 t74594_8k.htm FORM 8-K t74594_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): September 19, 2012
 
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 8.01.  Other Events.

On September 19, 2012, the Company issued a press release which is attached as Exhibit 99.1 and is incorporated into this Form 8-K by reference.



Item 9.01.  Financial Statements and Exhibits
 
(d)           Exhibits

Exhibit Number
Description
   
99.1
Press release dated September 19, 2012

 
 
 
 
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.  
       
 
By:
/s/ Howard A. Brecher  
    Howard A. Brecher  
    Chairman & Chief Executive Officer
Date: September 19, 2012      
 
 
 
 
 
EXHIBIT INDEX

Exhibit Number
Description
   
99.1
Press release dated September 19, 2012
 
 EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
EXHIBIT 99.1
 
Value Line, Inc.
220 East 42nd Street
New York, NY 10017

For Immediate Release
September 19, 2012
NEWS RELEASE

Contact: Howard A. Brecher                                                                                                           
Value Line, Inc.
(212) 907-1500
www.valueline.com
www.ValueLinePro.com
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VALUE LINE, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

New York - (Business Wire) - Value Line, Inc., (NASDAQ: VALU) announced today that its Board of Directors approved on September 19, 2012  a new share repurchase program, authorizing the repurchase of shares of the Company’s Common Stock up to an aggregate purchase price of $3,000,000.

"Based on current market prices, we believe that the repurchase program is in the best interests of our shareholders," said Howard A. Brecher, the Company's Chairman and Chief Executive Officer.  The repurchases will be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set expiration date.

Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research.  Value Line also publishes a range of proprietary investment research in both print and digital formats including our original research in the areas of Mutual Funds, Options and Convertible securities.  Value Line’s acclaimed research also enables the Company to provide specialized products such as Value Line Select, Value Line Special Situations, Value Line Dividend Select, and copyright data, distributed under copyright agreements for fees, including certain proprietary ranking system information and other proprietary information used in third party products.  Investment Management services are provided through its substantial non-controlling and non-voting interests in EULAV Asset Management, the investment adviser to The Value Line Family of Mutual Funds. Value Line’s products are available to individual investors at www.valueline.com or through 1-800-VALUELINE, while institutional-level services for professional investors, advisers, corporate, academic, municipal and legal libraries are offered at www.ValueLinePro.com.
 
 
 
 
 
Cautionary Statement Regarding Forward-Looking Information

This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended.  Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:
·      
dependence on key personnel;
·      
maintaining revenue from subscriptions for the Company’s digital and print published products;
·      
protection of intellectual property rights;
·      
changes in market and economic conditions, including global financial issues;
·      
dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management, a Delaware statutory trust (“EAM” or “EAM Trust”), which serves as an investment advisor to the Value Line Funds and engages in related distribution, marketing and administrative services;
·      
fluctuations in EAM’s assets under management due to broadly based changes in the values of equity and debt securities, redemptions by investors and other factors, and the effect these changes may have on the valuation of EAM’s intangible assets;
·      
competition in the fields of publishing, copyright data and investment management;
·      
the impact of government regulation on the Company’s and EAM’s business;
·      
availability of free or low cost investment data through discount brokers or generally over the internet;
·      
terrorist attacks, cyber security attacks and natural disasters;
·      
identifying and executing a suitable lease for replacement office space for the Company’s principal offices prior to expiration in May 2013 of the current, non-renewable lease at the Company’s current location;
·      
other risks and uncertainties, including but not limited to the risks described in Item 1A,
“Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended April 30, 2012 and in Part II, Item 1A of the Quarterly Report on Form 10-Q for the period ended July 31, 2012; and
·      
other risks and uncertainties arising from time to time.
 
These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control or changes in our plans, strategies, objectives, expectations or intentions, which may happen at any time at our discretion, could also have material adverse effects on future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC's rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein.