On August 16, 2022, Star Equity Fund, LP issued a press release regarding Gyrodyne, LLC's 2022 annual meeting of shareholders, taking note of Institutional Shareholder Services (ISS) and Glass Lewis & Co. LLC recommendations to vote against the re-election of the Company's Board of Directors incumbent Board members Paul Lamb and Richard Smith and against the ratification of the executive officers' compensation. Star Equity Fund also reiterated its intent to vote at the annual meeting as follows: (i) withhold on the re-election of incumbent Board members and (ii) against the compensation of the Company's named executive officers.