---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-026570"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2026-08-07T20:00:25+00:00"
generated_at: "2026-08-07T20:01:12.768903+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-026570
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2026-08-07T20:00:25+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774926026570/0001437749-26-026570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774926026570/gyrllc20260807_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-026570
- JSON: https://secwatch.observer/filing/0001437749-26-026570.json
- Plain text: https://secwatch.observer/filing/0001437749-26-026570.txt

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