Gyrodyne, LLC — fact timeline

Gyrodyne, LLC amended Second Amendment with B2K Smithtown LLC valued at $1,520,222 (effective 2026-01-06).

“GSD Flowerfield LLC, a New York limited liability company (“GSD”) and wholly-owned subsidiary of Gyrodyne, LLC, a New York limited liability company (the “Company”), and B2K Smithtown LLC, a Delaware limited liability company (“B2K”), have entered into a Second Amendment dated as of January 6, 2026 (the “Second Amendment”) to the Purchase and Sale Agreement effective as of July 30, 2025 (the “Purchase Agreement”) between GSD and B2K.”

Gyrodyne, LLC entered into Mortgage Loan with LLYR Resources, LLC valued at $1,500,000 (effective 2023-12-27).

“the Company, through its subsidiaries GSD Cortlandt, LLC (“GSD Cortlandt”) and Buttonwood Acquisition, LLC (“Buttonwood”), secured a term mortgage loan (the “Mortgage Loan”) on December 27, 2023 in the principal amount of $1,500,000 with LLYR Resources, LLC.”

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 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”

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 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”

Gyrodyne, LLC shareholders approved Election of two directors to serve for a term of three years at the 2023-10-12 meeting.

“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”

Gyrodyne, LLC shareholders approved Ratification and approval of the Gyrodyne, LLC Restricted Stock Award Plan at the 2023-10-12 meeting.

“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”

Gyrodyne, LLC entered into Cooperation Agreement with Star Equity Fund, LP valued at directors exchange benefits under Bonus Plan (reduced by $579,328) for equivalent value shares under (effective 2023-09-05).

“On September 5, 2023, Gyrodyne, LLC, a New York limited liability company (the “Company”), entered into a letter agreement (the “Cooperation Agreement”) with Star Equity Fund, LP (collectively with its affiliates, “Star Equity”).”

Jan H. Loeb was appointed as Director at Gyrodyne, LLC.

“appointed Jan H. Loeb to the Board to fill the vacancy on the Board created by Mr. Palmedo’s resignation”

Philip F. Palmedo resigned as Director at Gyrodyne, LLC.

“resigned as a director of the Company due to health concerns, effective July 28, 2023.”