other material
confidence high
sentiment negative
materiality 0.15
Gyrodyne (GYRO) shareholders withhold majority from both director nominees; say-on-pay fails
Gyrodyne, LLC
- 85.70% of eligible shares voted at Aug 24 annual meeting; 1,270,616 of 1,482,680 shares represented.
- Director nominees Lamb and Smith each received more withhold than for votes (Lamb: 443,666 for, 576,900 withhold; Smith: 446,127 for, 574,529 withhold); 249,960 broker non-votes.
- Non-binding advisory say-on-pay failed: 434,230 for, 586,424 against, 2 abstain, plus 249,960 broker non-votes.
- Ratification of Baker Tilly as auditor approved: 1,141,119 for, 119,894 against, 9,603 abstain.