Item 5.07 Submissions of Matters to a Vote of Security Holders
On August 24, 2022, Gyrodyne, LLC (the "Company") held its 2022 annual meeting of shareholders (the "Annual Meeting"). The shareholders considered three proposals. Of the 1,482,680 shares of the Company's common stock outstanding and eligible to vote at the Annual Meeting, 1,270,616 shares, or 85.70% of the eligible common stock, were present either in person or represented by proxy. Set forth below are the results of the matters submitted for a vote at the Annual Meeting.
Proposal No. 1: Election of two (2) directors to serve for a term of three years, and until their respective successors shall have been duly elected and qualified. The votes were cast as follows:
DIRECTOR FOR WITHHOLD BROKER
NON-VOTE
Paul L. Lamb 443,666 576,900 249,960
Richard B. Smith 446,127 574,529 249,960
Proposal No. 2: Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers, as disclosed in the definitive proxy statement. The votes were cast as follows:
FOR AGAINST ABSTAIN BROKER
NON-VOTE 434,230 586,424 2 249,960
Proposal No. 3: Ratification of the engagement of Baker Tilly US, LLP as independent public accounting firm for the 2022 fiscal year. The votes were cast as follows:
FOR AGAINST ABSTAIN 1,141,119 119,894 9,603
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