Business Context and Reporting Period
This Form 8-K reports on the results of the 2025 Annual Meeting of Shareholders held by Gyrodyne, LLC on November 5, 2025. The company is incorporated in New York and its common shares trade on the Nasdaq Capital Market under the symbol "GYRO".
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Of the 2,199,308 shares eligible to vote, 1,462,572 shares (66.50%) were present or represented by proxy. The results for the three proposals were as follows:
- Proposal 1 (Election of Director): Richard B. Smith was elected with 1,394,282 votes FOR, 29,759 WITHHELD, and 38,531 BROKER NON-VOTES.
- Proposal 2 (Executive Compensation): The advisory vote passed with 1,392,477 votes FOR, 31,202 AGAINST, 362 ABSTAIN, and 38,531 BROKER NON-VOTES.
- Proposal 3 (Auditor Ratification): The engagement of Baker Tilly US, LLP was ratified with 1,438,045 votes FOR, 284 AGAINST, and 24,243 ABSTAIN.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the disclosure of shareholder voting outcomes.
Key Facts for Investor Verification
- Shareholder participation rate was 66.50% of eligible common stock.
- Richard B. Smith was elected to the Board of Directors for a three-year term.
- Shareholders approved the executive compensation package on a non-binding advisory basis.
- Baker Tilly US, LLP was ratified as the independent public accounting firm for the 2025 fiscal year.