---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028280"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:19:25.116096+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Gyrodyne shareholders approve all four proposals at 2023 annual meeting

## Summary
- Jan H. Loeb and Nader G.M. Salour elected as directors for three-year terms with 705,265 and 732,037 FOR votes, respectively.
- Restricted Stock Award Plan ratified with 856,420 FOR votes, 128,576 AGAINST.
- Non-binding advisory vote on executive compensation passed with 854,360 FOR, 128,867 AGAINST.
- Baker Tilly US, LLP ratified as independent auditor for FY2023 with 1,133,470 FOR, 123,662 AGAINST.
- 84.86% of eligible shares were present at the meeting.

## SEC filing metadata
- accession: 0001437749-23-028280
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774923028280/0001437749-23-028280-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774923028280/gyrllc20231016_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028280
- JSON: https://secwatch.observer/filing/0001437749-23-028280.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028280.txt

## Key facts
- Shareholder Votes
  Gyrodyne, LLC shareholders approved Ratification and approval of the Gyrodyne, LLC Restricted Stock Award Plan at the 2023-10-12 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-10-12
  source text: Proposal No. 1 : Ratification and approval of the Gyrodyne, LLC Restricted Stock Award Plan (the “Stock Plan”). FOR AGAINST ABSTAIN BROKER NON-VOTE 856,420 128,576 318 272,948
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589061/000143774923028280/0001437749-23-028280-index.htm
- Shareholder Votes
  Gyrodyne, LLC shareholders approved Election of two directors to serve for a term of three years at the 2023-10-12 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-10-12
  source text: Proposal No. 2 : Election of two (2) directors to serve for a term of three years, and until their respective successors shall have been duly elected and qualified. The votes were cast as follows: DIRECTOR FOR WITHHOLD BROKER NON-VOTE Jan H. Loeb 705,265 280,049 272,948 Nader G.M. Salour 732,037 255,262 272,948
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589061/000143774923028280/0001437749-23-028280-index.htm
- Shareholder Votes
  Gyrodyne, LLC shareholders approved Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers at the 2023-10-12 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-10-12
  source text: Proposal No. 3 : 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 854,360 128,867 2087 272,948
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589061/000143774923028280/0001437749-23-028280-index.htm
- Shareholder Votes
  Gyrodyne, LLC shareholders approved Ratification of the engagement of Baker Tilly US, LLP as independent public accounting firm for the 2023 fiscal year at the 2023-10-12 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-10-12
  source text: Proposal No. 4: Ratification of the engagement of Baker Tilly US, LLP as independent public accounting firm for the 2023 fiscal year. The votes were cast as follows: FOR AGAINST ABSTAIN 1,133,470 123,662 1,130
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589061/000143774923028280/0001437749-23-028280-index.htm

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