---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-031273"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2025-10-17T23:59:59+00:00"
generated_at: "2026-05-17T03:23:34.781941+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Gyrodyne settles with Star Equity; board reduced to four, Star Equity withdraws nominations

## Summary
- Star Equity withdraws June 4, 2025 board nominations; board size cut from five to four.
- Richard Smith sole nominee at 2025 annual meeting; director fees frozen, chairman cap $65k.
- Star Equity agrees to standstill until Dec 31, 2026 (or Dec 31, 2027 if certain directors renominated).
- Separate pact with Leap Tide includes voting commitment and standstill until 2028 annual meeting.
- Director Paul Lamb, 28-year board member, will not stand for re-election.

## SEC filing metadata
- accession: 0001437749-25-031273
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2025-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774925031273/0001437749-25-031273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774925031273/gyrllc20251016_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-031273
- JSON: https://secwatch.observer/filing/0001437749-25-031273.json
- Plain text: https://secwatch.observer/filing/0001437749-25-031273.txt

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