Announcement • Oct 21
Gyrodyne, LLC, Annual General Meeting, Nov 05, 2025 Gyrodyne, LLC, Annual General Meeting, Nov 05, 2025. Location: flowerfield celebrations, mils pond road, saint james, new york 11780, United States Announcement • Oct 19
Gyrodyne, Llc Announces Not Stand for Re-Election of Paul Lamb as Director Gyrodyne, LLC announced that it has entered into an agreement (Agreement) with Star Equity Fund, LP, under which Star Equity Fund has withdrawn its slate of nominees for election at the 2025 annual shareholders meeting, and Gyrodyne will reduce the size of its board from five to four directors. Paul Lamb leaves behind a lasting legacy of integrity and a steadfast commitment to its stakeholders. While he will not be standing for re-election at the upcoming shareholders’ meeting, as a significant shareholder he will continue to be an important voice and valued supporter of the company’s long-term success. Announcement • Nov 15
Gyrodyne, LLC announced delayed 10-Q filing On 11/14/2024, Gyrodyne, LLC announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 16
New York Supreme Court Rules in Favor of Gyrodyne in Article 78 Proceeding Gyrodyne, LLC announced that the Supreme Court of the State of New York issued a decisive ruling in favor of Gyrodyne, dismissing a petition brought by the St. James - Head of the Harbor Neighborhood Preservation Coalition Inc. and several individuals seeking a judgment to vacate the Town of Smithtown Planning Board’s approval of Gyrodyne’s eight-lot subdivision of its Flowerfield property. On October 11, 2024, after an exhaustive review of the entire administrative record, Justice Maureen T. Liccione denied the Petition as to all remaining petitioners and dismissed the Article 78 Proceeding because the petition was defective and unsupported by the administrative record and “the record demonstrates that the Planning Board took the requisite ‘hard look’ and mitigated the potential adverse environmental impacts of subdivision approval to the maximum extent practicable.” Gyrodyne is continuing to take all actions necessary to secure final approval of an eight-lot subdivision of Flowerfield and is now in the process of conducting a national marketing effort through its broker JLL Capital Markets, led by Suburban Tristate Leader Jose Cruz, as well as Vice Chairman and broker lead of Long Island David Leviton and Director Ryan Robertson, to sell its properties with all approved entitlements with the goal of generating maximum net asset value for Gyrodyne’s shareholders. Announcement • Sep 10
Gyrodyne, LLC, Annual General Meeting, Oct 07, 2024 Gyrodyne, LLC, Annual General Meeting, Oct 07, 2024. Location: flowerfield celebrations, mills pond road, saint james, new york 11780, United States Announcement • Feb 06
Gyrodyne, LLC has completed a Follow-on Equity Offering in the amount of $5 million. Gyrodyne, LLC has completed a Follow-on Equity Offering in the amount of $5 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 625,000
Price\Range: $8
Transaction Features: Rights Offering Announcement • Dec 31
Gyrodyne, LLC has filed a Follow-on Equity Offering in the amount of $5 million. Gyrodyne, LLC has filed a Follow-on Equity Offering in the amount of $5 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: Rights Offering New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported August 2015 fiscal period end). Shares are highly illiquid. Minor Risks Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (US$14.2m market cap). Announcement • Aug 21
GAMCO Investors Provides Information to Shareholders On August 18, 2023, GAMCO Investors, Inc. understands that Star Equity Fund, LP has notified Gyrodyne, LLC of its intent to nominate 2 candidates for election at the Company’s 2023 annual meeting of shareholders. GAMCO Investors added that the Company indicated in its latest 10-Q filing that it remains open to ongoing engagement with Star Equity. GAMCO Investors, on behalf of its clients, stated that it is open to the idea of Star Equity having representation on the Company’s Board of Directors. Announcement • Aug 03
Gyrodyne, LLC, Annual General Meeting, Oct 12, 2023 Gyrodyne, LLC, Annual General Meeting, Oct 12, 2023, at 11:00 US Eastern Standard Time. Location: Flowerfield Celebrations, Mills Pond Road, Saint James, New York 11780 New York New York United States Announcement • Aug 02
Gyrodyne, LLC Announces Board Changes Gyrodyne, LLC announced that it has appointed Jan Loeb to the Company’s Board of Directors, effective immediately. Mr. Loeb was appointed to the Board pursuant to a cooperation agreement between the Company and Leap Tide Capital Management LLC (collectively with its affiliates, Leap Tide). The Company also announced that Philip Palmedo, who has served as a director since July 1996, has stepped down from the Board, effective immediately. As part of the Agreement, the Company has agreed to include Mr. Loeb in the Company’s slate of director nominees for election at the 2023 Annual Meeting of Shareholders (the “Annual Meeting”) for a three-year term. Additionally, Leap Tide has agreed to customary standstill provisions. Mr. Loeb has more than 40 years of money management and investment banking experience. He has been the Managing Member of Leap Tide since 2007. From 2005 to 2007, he served as the President of Leap Tide’s predecessor, Leap Tide Capital Management Inc., which was formerly known as AmTrust Capital Management Inc. He served as a Portfolio Manager of Chesapeake Partners from February 2004 to January 2005. From January 2002 to December 2004, he served as Managing Director at Jefferies & Company Inc. From 1994 to 2001, he served as Managing Director at Dresdner Kleinwort Wasserstein Inc. (formerly Wasserstein Perella & Co. Inc.). He served as a Lead Director of American Pacific Corporation from July 8, 2013 to February 27, 2014, and also served as its Director from January 1997 to February 27, 2014. He served as an Independent Director of Pernix Therapeutics Holdings Inc. (formerly, Golf Trust of America Inc.) from 2006 to August 31, 2011. He served as a Director of TAT Technologies Ltd. from August 2009 to December 21, 2016. He served as a Director of Keweenaw Land Association Ltd. from December 2016 until May 2019. He has served as President, Executive Chairman and board member of Novelstem International Corp. since July 2018. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Nader G. Salour was the last director to join the board, commencing their role in 2006. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 18
Star Equity Fund Responds to Proxy Reports for Gyrodyne LLC On, August 16, 2022, Star Equity Fund announced that it responds to proxy reports for Gyrodyne, LLC from the Glass Lewis & Co LLC and Institutional Shareholder Services reaffirm Company’s continued track record of poor corporate governance. Star Equity Fund also expressed its view that the apathy of Company’s incumbent board of directors has been a root cause of shareholder value destruction. Announcement • Jul 22
Gyrodyne, LLC, Annual General Meeting, Aug 24, 2022 Gyrodyne, LLC, Annual General Meeting, Aug 24, 2022, at 11:00 US Eastern Standard Time. Location: Flowerfield Celebrations, Mills Pond Road Saint James New York United States Agenda: To elect two directors to a three-year term of office, and until their successors shall be duly elected and qualified; to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers; and to ratify the engagement of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the 2022 fiscal year. Board Change • Jul 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Nader G. Salour was the last director to join the board, commencing their role in 2006. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. Independent Director Nader G. Salour was the last director to join the board, commencing their role in 2006. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Gyrodyne, LLC announced delayed annual 10-K filing On 03/31/2021, Gyrodyne, LLC announced that they will be unable to file their next 10-K by the deadline required by the SEC. 