What changed 10-Q

Item 1. Legal Proceedings

2023-05-12 compared with 2022-11-08 · 3 added, 0 removed, 17 unchanged (15% of the section changed)

14 unchanged sentences

The Company and the Town of Smithtown are vigorously defending the Planning Board’s determinations against the Petition.

Shareholder Nomination

We received a notice dated April 25, 2023 from Star Equity Fund, LP (“Star Equity”), which allegedly owned approximately 5.4% of our outstanding shares at the time of submission, purporting to nominate a slate of two candidates for election as directors at our 2023 Annual Meeting of Shareholders.

We remain open to ongoing engagement with Star Equity. However, if the Company and Star Equity cannot reach an agreement in connection with its nomination, there will be a contested election at the Company’s 2023 Annual Meeting of Shareholders.

In addition to the foregoing, in the normal course of business, Gyrodyne is a party to various legal proceedings.

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.