• Gyrodyne disclosed that Chief Operating Officer Peter Pitsiokos will leave the company effective Oct. 2, 2026.
• The company expects the exit to leave one full-time employee to pursue entitlements, market remaining properties, and complete liquidation by end-2028.
• Management projected the change will cut costs by about USD 620,000 over the remaining liquidation timeline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gyrodyne LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-026570), on August 07, 2026, and is solely responsible for the information contained therein.