Gyrodyne, LLC filings document a New York limited liability company with common shares of limited liability company interests listed on the Nasdaq Capital Market under GYRO. The company’s regulatory record focuses on its real estate portfolio, including the Flowerfield property and related subsidiary agreements.
Gyrodyne’s Form 8-K filings report material definitive agreements, amendments to property-sale arrangements, shareholder engagement agreements, annual meeting voting results, and Regulation FD materials such as management remarks and net asset value reconciliations. Its proxy statements describe director elections, executive compensation votes, auditor ratification, board governance, and shareholder voting mechanics.
Gyrodyne (GYRO) 8-K: Subsidiary GSD Flowerfield LLC signed a definitive agreement (30-Jul-25) to sell an ~49-acre vacant parcel at the Flowerfield complex in St. James, NY to B2K Smithtown LLC for $24.0-$28.74 million, with the final price tied to the number of market-rate units ultimately approved.
Key deal terms: (i) $250k earnest deposit; (ii) 90-day due-diligence period permitting full refund; (iii) closing deadline on the earlier of 8 months after town site-plan approval or 60 days after waiver, with a latest estimated closing of Dec-2027 (Aug-2028 if options exercised); (iv) purchase is contingent upon subdivision and other approvals within 18 months, after which the buyer may terminate or waive.
Management extended the estimated company liquidation date to 31-Dec-2027 and projects Net Asset Value in liquidation at $32.6 million, or $14.83 per share, as of 30-Jun-25, inclusive of expected transaction proceeds and additional carrying costs.
Full agreement (Ex 10.1) and related press release (Ex 99.1) filed.