---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021419"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:14:17.766209+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-021419
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774923021419/0001437749-23-021419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774923021419/gyrllc20230801_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021419
- JSON: https://secwatch.observer/filing/0001437749-23-021419.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021419.txt

## Key facts
- Executive change
  Philip F. Palmedo resigned as Director at Gyrodyne, LLC.
  - Action: resigned
  - Role: Director
  source text: resigned as a director of the Company due to health concerns, effective July 28, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589061/000143774923021419/0001437749-23-021419-index.htm
- Executive change
  Jan H. Loeb was appointed as Director at Gyrodyne, LLC.
  - Action: appointed
  - Role: Director
  source text: appointed Jan H. Loeb to the Board to fill the vacancy on the Board created by Mr. Palmedo’s resignation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589061/000143774923021419/0001437749-23-021419-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.