GENC · Gencor Industries, Inc.

On May 1, 2026, a change in control of Gencor Industries, Inc. occurred when Marc G. Elliott acquired indirect beneficial ownership of shares from E.J. Elliott. Prior to the change, E.J. Elliott beneficially owned approximately 13.3% of common stock and 87.9% of Class B stock. Through a series of assignments of membership interests in E.J. Elliott Family Limited Partnership's general partner LLC, Marc G. Elliott's membership interest exceeded 50%, making him the manager of the LLC and indirectly the controlling person of the LP. As a result, Marc G. Elliott is deemed to beneficially own 14.5% of common stock and 95.5% of Class B stock. Since Class B stockholders elect 75% of the board, this change gives Marc G. Elliott significant influence over the Company's board composition and control. The transfer was a gift for no consideration, and no other arrangements for further control changes are known.