Gyrodyne, LLC announced the termination of Chief Operating Officer Peter Pitsiokos effective October 2, 2026. The company will pay a six-month severance lump sum of $100,000 and continue his base salary through the termination date. Following this departure, Gyrodyne will retain only one full-time employee to manage the liquidation process, which is expected to conclude by the end of 2028. The company anticipates approximately $620,000 in savings over the remaining timeline. Gyrodyne operates in the real estate industry, focusing on the marketing, sale, and liquidation of its remaining property assets.