Gyrodyne appoints Jan Loeb to board under cooperation agreement; Palmedo resigns

Gyrodyne, LLC

Cooperation Agreement with Leap Tide Capital Management; Loeb appointed and will be nominated for 2023 annual meeting.
Director Philip Palmedo resigned effective July 28, 2023 due to health concerns after 27 years on board.
Jan Loeb, managing member of Leap Tide, appointed to fill vacancy; owns 66,000 GYRO shares; receives $42,000 annual director fee.
Annual meeting set for Oct 12, 2023; deadline for shareholder proposals is Aug 11, 2023.
Standstill and voting agreement in effect until after 2024 annual meeting; prohibits public strategic proposals.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Philip F. Palmedo

Director

GYRO · Gyrodyne, LLC

Effective: 2023-07-28
Successor: Jan H. Loeb
Filed: August 1, 2023, 7:59 PM ET

resigned as a director of the Company due to health concerns, effective July 28, 2023.

Appointed

Jan H. Loeb

Director

GYRO · Gyrodyne, LLC

Effective: 2023-07-28
Filed: August 1, 2023, 7:59 PM ET

appointed Jan H. Loeb to the Board to fill the vacancy on the Board created by Mr. Palmedo’s resignation

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Philip F. Palmedo resigned as Director at Gyrodyne, LLC.

Action: resigned
Role: Director

Exact text from the filing

resigned as a director of the Company due to health concerns, effective July 28, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jan H. Loeb was appointed as Director at Gyrodyne, LLC.

Action: appointed
Role: Director

Exact text from the filing

appointed Jan H. Loeb to the Board to fill the vacancy on the Board created by Mr. Palmedo’s resignation

View on SEC.gov

Gyrodyne, LLC filing history →

Source: SEC EDGAR

accession 0001437749-23-021419

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