Gencor Industries Inc. Announces Annual Meeting of Stockholders on March 7, 2024

TL;DR

<b>Gencor Industries, Inc. will hold its Annual Stockholder Meeting on March 7, 2024, to elect directors, ratify auditors, and vote on executive compensation frequency.</b>

AI Summary

GENCOR INDUSTRIES INC (GENC) filed a Proxy Statement (DEF 14A) with the SEC on January 29, 2024. Gencor Industries, Inc. will hold its Annual Meeting of Stockholders on March 7, 2024, at 10:00 A.M. local time in Orlando, Florida. The meeting agenda includes the election of Directors for Class B Stock and Common Stock holders. Stockholders will vote to ratify the appointment of MSL, P.A. as independent auditors for the fiscal year ending September 30, 2024. An advisory vote on the frequency of future executive compensation votes will be conducted. Stockholders of record as of January 29, 2024, are entitled to vote at the meeting.

Why It Matters

For investors and stakeholders tracking GENCOR INDUSTRIES INC, this filing contains several important signals. The meeting is a key governance event where shareholders exercise their voting rights on critical company matters, including board composition and auditor selection. The advisory vote on executive compensation frequency allows shareholders to express their views on how often they wish to provide input on executive pay, influencing future compensation practices.

Risk Assessment

Risk Level: low — GENCOR INDUSTRIES INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Stockholders should review the proxy materials to make informed voting decisions on director elections, auditor ratification, and executive compensation frequency.

Key Numbers

• March 7, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders)
• 10:00 A.M. — Meeting Time (Time of the Annual Meeting of Stockholders)
• January 29, 2024 — Record Date (Date to determine stockholders entitled to vote)
• September 30, 2024 — Auditor Fiscal Year End (Fiscal year for which MSL, P.A. is being ratified as auditors)

Key Players & Entities

• GENCOR INDUSTRIES INC (company) — Registrant name
• GENC (company) — Ticker symbol
• DEF 14A (company) — Filing type
• MSL, P.A. (company) — Independent certified public accountants
• Orlando, Florida (company) — Company address
• March 7, 2024 (company) — Annual Meeting date
• January 29, 2024 (company) — Record date for voting
• September 30, 2024 (company) — Fiscal year end for auditors

FAQ

Key Dates

• 2024-03-07: Annual Meeting of Stockholders — Election of directors, ratification of auditors, advisory vote on executive compensation frequency.
• 2024-01-29: Record Date — Determines stockholders entitled to notice of and vote at the Annual Meeting.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (This filing provides detailed information for stockholders to make informed voting decisions at the annual meeting.)

Class B Stock

A class of stock with specific voting rights, distinct from common stock. (Holders of Class B Stock will vote on the election of specific directors.)

Common Stock

The standard class of stock representing ownership in a company. (Holders of Common Stock will vote on the election of a specific director.)

Advisory Vote on Executive Compensation

A non-binding vote by shareholders on the compensation of the company's named executive officers. (This vote allows shareholders to express their opinion on executive pay practices.)

Filing Documents

• d641883ddef14a.htm (DEF 14A) — 233KB
• g641883g0125005534933.jpg (GRAPHIC) — 3KB
• 0001193125-24-017431.txt (&nbsp;) — 561KB
• genc-20230930.xsd (EX-101.SCH) — 3KB
• genc-20230930_lab.xml (EX-101.LAB) — 2KB
• genc-20230930_pre.xml (EX-101.PRE) — 1KB
• d641883ddef14a_htm.xml (XML) — 23KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14-A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Gencor Industries, Inc. (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. GENCOR INDUSTRIES, INC. 5201 NORTH ORANGE BLOSSOM TRAIL, ORLANDO, FLORIDA 32810 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD MARCH 7, 2024 TO THE STOCKHOLDERS OF GENCOR INDUSTRIES, INC.: Notice is hereby given that the Annual Meeting of Stockholders of Gencor Industries, Inc., a Delaware corporation (the "Company"), will be held at the Company's corporate offices; 5201 North Orange Blossom Trail, Orlando, Florida 32810, on March 7, 2024 at 10:00 A.M., local time, for the following purposes, all of which are more completely set forth in the accompanying Proxy Statement: 1. To elect the Directors to be voted upon by the holders of Class B Stock and to elect the Director to be voted upon by the holders of Common Stock. 2. To ratify the selection of MSL, P.A., ("MSL") independent certified public accountants, as auditors for the Company for the year ending September 30, 2024. 3. To have an advisory vote on the frequency of holding an advisory vote on executive compensation. 4. To transact such other business as may properly come before the meeting. Only Stockholders of record at the close of business on January 29, 2024 are entitled to notice of and to vote at the Annual Meeting or any adjournments thereof. Stockholders should review the information provided herein in conjunction with the Company's 2023 Annual Report to Stockholders, which accompanies this Proxy Statement. A copy of our Annual Report on Form 10-K for the year ended September 30, 2023, as filed with the Securities and Exchange Commission, except for exhibits, will be furnished without charge to any stockholder upon written or oral request to: Gencor Industries, Inc. Attn: Secretary 5201 N. Orange Blossom Trail Orlando, Florida 32810 Phone 407-290-6000 The Company's Proxy Statement and Proxy accompany this notice. By order of the Board of Directors, Jeanne M. Lyons, Secretary Orlando, Florida Date: January 29, 2024 Enclosures ****YOUR VOTE IS IMPORTANT**** YOU ARE URGED TO DATE, SIGN, AND PROMPTLY RETURN YOUR PROXY SO THAT YOUR SHARES MAY BE VOTED IN ACCORDANCE WITH YOUR WISHES AND IN ORDER THAT THE PRESENCE OF A QUORUM MAY BE ASSURED. THE PROMPT RETURN OF YOUR SIGNED PROXY, REGARDLESS OF THE NUMBER OF SHARES YOU HOLD, WILL AID THE COMPANY IN REDUCING THE EXPENSE OF ADDITIONAL PROXY SOLICITATION. THE GIVING OF SUCH PROXY DOES NOT AFFECT YOUR RIGHT TO VOTE IN PERSON IN THE EVENT YOU ATTEND THE MEETING. NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS Important Notice Regarding the Availability of Proxy Materials for the Annual Stockholder Meeting to be Held on March 7, 2024 Pursuant to rules promulgated by the Securities and Exchange Commission, we have elected to provide access to these proxy statement materials (which includes this proxy statement, a proxy card and our 2023 Annual Report) both by sending you this full set of proxy statement materials, including a proxy card, and by notifying you of the availability of such materials on the Internet. This proxy statement, the Company's 2023 Annual Report and a proxy card are available at h tt p: // p r o x y . g e n c o r .c o m . Please have your proxy card in hand when you access the website and follow the instructions. You will need your username and password, which is located on your proxy card. The Annual Meeting of Stockholders will be held March 7, 2024 at 10:00 A.M. local time at our corporate offices located at 5201 North Orange Blossom Trail, Orlando, Florida 32810. The proposals to be voted upon at the Annual Meeting of Stockholders, all of which are more completely set forth in this proxy statement, (the "Proposals"), are as follows: 1. To elect the Directors to be voted upon by the holders of Class B Stock and to elect the Director to be voted upon by the holders of Common Stock. 2. To ratify the selection of MSL, P.A. independent certified public accountants, as auditors for the Company for the year ending September 30, 2024. 3. To have an advisory vote on the frequency of holding an advisory vote on executive compensation. 4. To transact such other business as may properly come before the me

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View this DEF 14A filing on SEC EDGAR