Gyrodyne, LLC Files 8-K on Security Holder Vote Matters

TL;DR

Gyrodyne, LLC is holding a shareholder vote; expect potential corporate changes.

AI Summary

On October 7, 2024, Gyrodyne, LLC filed an 8-K report indicating a submission of matters to a vote of security holders. The filing, made on October 11, 2024, pertains to Gyrodyne, LLC, a New York-based company operating in the real estate sector, specifically as an operator of nonresidential buildings.

Why It Matters

This filing signals that Gyrodyne, LLC is engaging in a process requiring shareholder approval, which could lead to significant corporate actions or changes in governance.

Risk Assessment

Risk Level: medium — Filings related to security holder votes can indicate significant corporate events, such as mergers, acquisitions, or changes in management, which carry inherent risks.

Key Numbers

• 001-37547 — Commission File Number (Identifies the specific SEC filing for Gyrodyne, LLC.)
• 46-3838291 — IRS Employer Identification No. (Tax identification number for Gyrodyne, LLC.)

Key Players & Entities

• Gyrodyne, LLC (company) — Registrant
• October 7, 2024 (date) — Earliest event reported
• October 11, 2024 (date) — Filing date
• New York (location) — State of incorporation

FAQ

Filing Documents

• gyrllc20241011_8k.htm (8-K) — 35KB
• 0001437749-24-031068.txt ( ) — 164KB
• gyro-20241007.xsd (EX-101.SCH) — 3KB
• gyro-20241007_def.xml (EX-101.DEF) — 11KB
• gyro-20241007_lab.xml (EX-101.LAB) — 15KB
• gyro-20241007_pre.xml (EX-101.PRE) — 11KB
• gyrllc20241011_8k_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders On October 7, 2024, Gyrodyne, LLC (the "Company") held its 2024 annual meeting of shareholders (the "Annual Meeting"). The shareholders considered three proposals. Of the 2,199,308 shares of the Company's common stock outstanding and eligible to vote at the Annual Meeting, holders of 1,940,765 shares, or 88.24% of the eligible common stock, were present either in person or represented by proxy. Set forth below are the results of the matters submitted for a vote at the Annual Meeting. Proposal No. 1 : Election of one (1) director to serve for a term of three years, and until his successor shall have been duly elected and qualified. The votes were cast as follows: DIRECTOR FOR WITHHOLD BROKER NON-VOTE Ronald J. Macklin 1,030,041 325,673 585,051 Proposal No. 2 : Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers, as disclosed in the definitive proxy statement. The votes were cast as follows: FOR AGAINST ABSTAIN BROKER NON-VOTE 1,061,249 283,493 10,972 585,051 Proposal No. 3: Ratification of the engagement of Baker Tilly US, LLP as independent public accounting firm for the 2024 fiscal year. The votes were cast as follows: FOR AGAINST ABSTAIN 1,816,419 119,241 5,105 SIGNATURE 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, thereunto duly authorized. GYRODYNE, LLC Dated: October 11, 2024 By: /s/ Gary Fitlin Gary Fitlin President, Chief Executive Officer, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR