OK, thank you.
...I had an idea while typing my response and just pinned down what's going on.

Example - In the Event Calendar we scheduled an event for 8pm. My time Option is set to US Eastern (EST / UTC-5). When I look at the Event...it states "8pm - date - (GMT/UTC-5)". This is correct, as the event will be at 8pm.
Then, I went to my profile and checked the box that says "automatically adjust for daylight savings time". Now when I look at the event it states "9pm - date - (GMT/UTC-4)". This is not correct....the event is still at 8pm even though we are now in observance of DST and are technically (EDT / UTC-4)
Does this help ?? The time of day of an event should not change with the DST...the event will still remain at the stated time.
From what I can see, it looks like all new events would be created at UTC-4. I think the only "problem" is for events posted/created prior to the switch to DST last month. All of these events are now off by one hour.
Thanks James !