secwatch.observer — SEC 8-K summary
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Issuer:     Gyrodyne, LLC (GYRO)
CIK:        0001589061
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001437749-23-021419
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589061/000143774923021419/0001437749-23-021419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589061/000143774923021419/gyrllc20230801_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021419

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