SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND
EXCHANGE ACT OF 1934
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GYRODYNE COMPANY OF AMERICA, INC.
(Exact name of Registrant as Specified in its Charter)
New York 000-01684 11-1688021
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification Number)
Date of Report: November 27, 2002
102 FLOWERFIELD
ST. JAMES, NEW YORK 11780
(631) 584-5400
(Address, Including Zip Code, and Telephone Number,
Including Area Code, of Registrant's Principal Executive Offices)
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ITEM 5. OTHER EVENTS.
The number of the Directors of the Company has been increased from 5 to 6. There
are three classes of directors, each with two members. The Board of Directors of
the Company (the "Board") has appointed Richard B. Smith to fill the vacancy
arising from the increase. Mr. Smith currently serves as Senior Vice President
for Sales at Suffolk County National Bank. Previously, he worked for 10 years at
Key Bank (Dime Savings Bank) and for 3 years at L.I. Trust/Apple Bank. He
received an MBA in Finance from SUNY Albany in 1983. Mr. Smith serves as the
Mayor of the Incorporated Village of Nissequogue and the President of the
Smithtown Historical Society
The Board also fixed the date of the next Annual Meeting of Shareholders as
January 23, 2003. The Board has announced that it will nominate the incumbent
directors to continue in office. The nominees are as follows:
Class Term Expiring Nominee
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Class II 2005 Robert F. Friemann
Class II 2005 Robert H. Beyer
Class I 2003 Richard Smith
December 1, 2002 has been fixed as the Record Date for the determination of
shareholders entitled to notice of, and to vote at, the Annual Meeting.
Item 7. (c) Exhibits: None
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
GYRODYNE COMPANY OF AMERICA, INC.
By: /s/ Stephen V. Maroney
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Stephen V. Maroney
President, Chief Executive Officer
and Treasurer
Date: November 27, 2002