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: As of September 30, 2024, the aggregate appraised value of our remaining unsold properties exceeded the respective 2014 aggregate appraised value for such properties.
+Added: As of March 31, 2025, 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.
13 unchanged sentences
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: On March 17, 2025, the Supreme Court of the State of New York, Suffolk County issued an order denying the appellants motion to stay enforcement of the order, pending hearing and determination of appeal.
+Added: On March 21, 2025, the Supreme Court of the State of New York, Suffolk County issued an order denying the Petitioners motion to renew and reargue.
+Added: On April 16, 2025 the Petitioners filed a notice of appeal seeking to appeal the March 17, 2025 order denying the appellants motion to stay enforcement of the order dismissing the Petition pending the appeal.
+Added: On April 28, 2025 the Petitioners perfected their appeal on the original Petition.
+Added: The Petitioners’ memorandum of law largely repeats their earlier position and arguments, which the Supreme Court previously found to be an insufficient basis for overturning the Planning Board’s determinations.
+Added: Gyrodyne will coordinate with the Town of Smithtown on promptly responding to the Petitioners’ appellate papers.
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.
1 unchanged sentence
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 nine-months ended September 30, 2024.
+Added: Items 2 through 5 are not applicable to the Company in the three-months ended March 31, 2025.
Articles of Organization of Gyrodyne, LLC, dated as of October 3, 2013 (1)
12 unchanged sentences
Restricted Stock Plan (8)
−Removed: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated February 6, 2024 (10)
−Removed: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated October 11, 2024 (11)
−Removed: 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.
1 unchanged sentence
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
+Added: 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: Petitioners’ Notice of Appeal, received October 28, 2024 (13)
+Added: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated March 17, 2025 (13)
+Added: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated March 21, 2025 (12)
+Added: Petitioners’ Notice of Appeal, received April 16, 2025 (13)
101.INS Inline XBRL Instance (13)
15 unchanged sentences
Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on February 9, 2024.
+Added: Incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Ex-change Commission on November 19, 2024.
+Added: Incorporated herein by reference to the Company’s Annual Report on Form 10-K, filed with the Securities and Ex-change Commission on March 28, 2025.
Filed as part of this report.
4 unchanged sentences
GYRODYNE, LLC
−Removed: November 19, 2024
/s/ Gary Fitlin
15 unchanged sentences
5 to the Retention Bonus Plan (8)
−Removed: Restricted Stock Plan (9)
+Added: Nonqualified Deferred Compensation Plan (9)
Restricted Stock Plan (8)
−Removed: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated February 6, 2024 (10)
−Removed: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated October 11, 2024 (11)
−Removed: 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.
1 unchanged sentence
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
+Added: 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: Petitioners’ Notice of Appeal, received October 28, 2024 (13)
+Added: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated March 17, 2025 (13)
+Added: Short Form Order of the Supreme Court of the State of New York, Suffolk County, dated March 21, 2025 (12)
+Added: Petitioners’ Notice of Appeal, received April 16, 2025 (13)
101.INS Inline XBRL Instance (13)
15 unchanged sentences
Incorporated herein by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on February 9, 2024.
+Added: Incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q, filed with the Securities and Ex-change Commission on November 19, 2024.
+Added: Incorporated herein by reference to the Company’s Annual Report on Form 10-K, filed with the Securities and Ex-change Commission on March 28, 2025.
Filed as part of this report.
3 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.