On March 23, 2022, Star Equity Fund, LP announced its intent to nominate a slate of director candidates for election to the Gyrodyne board of directors at the Company's 2022 annual meeting of shareholders. Star Equity also added that it had requested Gyrodyne to send the director nominee questionnaire and the representation and agreement for shareholder nominees, but the Company has not responded to their request. Star Equity requests Gyrodyne to waive these prohibitive requirements in order to facilitate shareholder input at the Company.