3 unchanged sentences
Under the Settlement, Gyrodyne agreed that any sales of its properties would be effected only in arm's-length transactions at prices at or above their appraised values as of 2014.
−Removed: The 2014 aggregate appraised value for our properties was approximately $100,000 higher than the 2013 aggregate appraised value for such properties.
−Removed: As of June 30, 2024, the aggregate appraised value of our remaining unsold properties exceeded the respective 2014 aggregate appraised value for such properties.
+Added: As of September 30, 2024, the aggregate appraised value of our remaining unsold properties exceeded the respective 2014 aggregate appraised value for such properties.
See, “Risk Factors – Stipulation of Settlement prohibits us from selling our remaining properties at prices below the December 2014 appraised values” in the Company’s annual report.
10 unchanged sentences
James-Head of the Harbor Neighborhood Preservation Coalition, Inc., (ii) granted the Motions as to the remaining twenty (20) individual Petitioners and the Village of Head of the Harbor, (iii) denied the branch of Gyrodyne’s motion alleging that Petitioners failed to state a claim.
−Removed: The parties submitted their respective briefs on the merits of the remaining Petitioners’ contentions and are awaiting the judge’s decision.
+Added: On October 11, 2024, the Supreme Court of the State of New York issued a ruling in favor of the Company dismissing the Article 78 petition in its entirety.
+Added: On October 28, 2024, the Company received a notice of appeal filed by the petitioners in this proceeding seeking to appeal the court’s dismissal of the Article 78 petition, citing as grounds for appeal “whether the court erred in denying the petition and dismissed the Article 78 proceeding, and any and all other issues which may arise upon further review of the record on appeal”.
+Added: On November 12, 2024, the petitioners filed a notice of motion to renew and reargue, seeking to have the court direct the respondents to undertake a supplemental environmental impact statement to address retaining of storm water at the property being developed in light of a recent storm, and to annul the resolution approving the preliminary site plan.
+Added: Pleadings filed in the Article 78 Proceeding may be accessed through a link (and related instructions) to the New York State Unified Court System which appears on the Company’s website at https://www.gyrodyne.com.
In addition to the foregoing, in the normal course of business, Gyrodyne is a party to various legal proceedings.
After reviewing all actions and proceedings pending against or involving Gyrodyne, management considers that any loss resulting from such proceedings individually or in the aggregate will not be material to Gyrodyne’s financial condition or results of operations.
−Removed: Items 2 through 5 are not applicable to the Company in the six-months ended June 30, 2024.
+Added: Items 2 through 5 are not applicable to the Company in the nine-months ended September 30, 2024.
Articles of Organization of Gyrodyne, LLC, dated as of October 3, 2013 (1)
8 unchanged sentences
Cooperation Agreement, dated July 26, 2023, among the Company, Leap Tide Capital Management LLC and Jan Loeb (7)
−Removed: Cooperation Agreement, dated September 5, 2023, between the Company and Star Equity Fund (8)
Amendment No.
3 unchanged sentences
Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated February 6, 2024 (10)
+Added: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated October 11, 2024 (11)
+Added: Notice of Appeal (11)
Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
16 unchanged sentences
Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 11, 2023.
−Removed: Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 11, 2023.
Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 13, 2019.
6 unchanged sentences
GYRODYNE, LLC
−Removed: August 9, 2024
+Added: November 19, 2024
/s/ Gary Fitlin
13 unchanged sentences
Cooperation Agreement, dated July 26, 2023, among the Company, Leap Tide Capital Management LLC and Jan Loeb (7)
−Removed: Cooperation Agreement, dated September 5, 2023, between the Company and Star Equity Fund (8)
Amendment No.
3 unchanged sentences
Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated February 6, 2024 (10)
+Added: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated October 11, 2024 (11)
+Added: Notice of Appeal (11)
Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
16 unchanged sentences
Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 11, 2023.
−Removed: Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 11, 2023.
Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 13, 2019.
5 unchanged sentences
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.