Gyrodyne COO Peter Pitsiokos to depart Oct 2; $100K severance, $620K savings expected

Gyrodyne, LLC

COO Peter Pitsiokos' employment terminates Oct 2, 2026; separation agreement signed Aug 3.
Severance: $100,000 lump sum (6 months' pay) plus base salary through termination date.
Company will have one full-time employee remaining to oversee liquidation after his departure.
Expected savings of ~$620,000 over remaining liquidation timeline, targeted completion by end of 2028.
Pitsiokos retains eligibility for retention bonus under plan if property sale conditions met.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.