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Gencor (NASDAQ: GENC) chairman reports 27.3% beneficial ownership

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Gencor Industries’ chairman reports a significant ownership stake in the company. E.J. Elliott Family Limited Partnership, E.J. Elliott, LLC and Marc G. Elliott jointly report beneficial ownership of 1,787,844 shares of Common Stock and 2,214,757 shares of Class B Common Stock, representing 27.3% of the total shares outstanding as of February 5, 2026. Each Class B share is convertible into one Common share at the holder’s option.

FLP holds 1,518,828 Common and 2,022,477 Class B shares, which may be deemed beneficially owned by the LLC and Mr. Elliott. On May 1, 2026, Mr. Elliott was gifted membership interests making him majority member and manager of the LLC, giving him indirect control over FLP’s holdings. He also used about $3.7 million of personal funds to buy 269,016 Common and 192,280 Class B shares for investment purposes, and the reporting persons state they may buy or sell additional shares depending on conditions but have no specific corporate change plans beyond Mr. Elliott’s existing role as president and board chairman.

Positive

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Insights

Filing clarifies that Gencor’s chairman controls a 27.3% stake via family entities.

The filing shows Marc G. Elliott, through a family limited partnership and LLC, may be deemed to beneficially own 1,787,844 Common and 2,214,757 Class B shares, or 27.3% of Gencor Industries as of February 5, 2026. Class B shares are convertible one-for-one into Common, so this translates into substantial voting and economic influence.

Control is exercised through E.J. Elliott, LLC, general partner of the family limited partnership. On May 1, 2026, Elliott was gifted LLC membership interests, making him majority member and manager, which in turn gives him indirect control over the partnership’s 3,541,305 shares. He separately invested about $3.7 million of personal funds to acquire 269,016 Common and 192,280 Class B shares.

The reporting persons state the holdings are for investment and do not outline specific plans for mergers, restructurings, or other corporate actions, aside from Elliott’s ongoing role as president and chairman. Future changes in his stake or governance intentions would typically appear in later ownership or company filings.

FLP Common shares 1,518,828 shares Common Stock held by E.J. Elliott Family Limited Partnership
FLP Class B shares 2,022,477 shares Class B Common Stock held by E.J. Elliott Family Limited Partnership
Mr. Elliott direct Common 269,016 shares Common Stock directly owned by Marc G. Elliott
Mr. Elliott direct Class B 192,280 shares Class B Common Stock directly owned by Marc G. Elliott
Mr. Elliott total beneficial stake 27.3% Percent of total shares outstanding as of February 5, 2026
FLP beneficial stake 24.2% Percent of total shares outstanding as of February 5, 2026
Shares outstanding Common 12,338,845 shares Common Stock outstanding as of February 5, 2026
Shares outstanding Class B 2,318,857 shares Class B Common Stock outstanding as of February 5, 2026
Personal funds invested $3.7 million Approximate personal funds used by Marc G. Elliott to buy Common and Class B shares
beneficially owns financial
"Each Reporting Person may be deemed to have the following beneficial ownership of shares of the Issuer"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time into one share of Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Family Limited Partnership financial
"E.J. Elliott Family Limited Partnership, a Nevada limited partnership ("FLP")"
general partner financial
"LLC, the general partner of FLP"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
pecuniary interest financial
"LLC and Mr. Elliott disclaim beneficial ownership of these shares held by FLP except to the extent of their pecuniary interest therein"
Partnership Agreement financial
"pursuant to that certain Amended and Restated Limited Partnership Agreement of FLP"
A partnership agreement is a written contract that lays out how two or more parties will work together, splitting responsibilities, profits, losses and decision-making. Think of it as a detailed roadmap or house rulebook for a joint project; it matters to investors because the terms determine how much revenue and risk a company will take on, how quickly it can act, and whether the partnership could dilute control or boost growth potential.





368678108

(CUSIP Number)
Marc G. Elliott
5201 North Orange Blossom Trail,
Orlando, FL, 32810
407-290-6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10 consist of 1,518,828 Common Stock shares and 2,022,477 Class B Common Stock shares. The calculation for the percentage in Row 13 is based on 12,338,845 shares of Common Stock outstanding and 2,318,857 shares of Class B Common Stock outstanding as of February 5, 2026 reported in the Issuer's Quarterly Report on Form 10-Q of the Issuer for the quarter ended December 31, 2025, filed with the SEC on February 6, 2026. Each share of Class B Common Stock is convertible at any time into one share of Common Stock at the option of the holder.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8 and 10 consist of 1,518,828 Common Stock shares and 2,022,477 Class B Common Stock shares. The calculation for the percentage in Row 13 is based on 12,338,845 shares of Common Stock outstanding and 2,318,857 shares of Class B Common Stock outstanding as of February 5, 2026 reported in the Issuer's Quarterly Report on Form 10-Q of the Issuer for the quarter ended December 31, 2025, filed with the SEC on February 6, 2026. Each share of Class B Common Stock is convertible at any time into one share of Common Stock at the option of the holder.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 7 and 9 consist of 269,016 Common Stock shares and 192,280 Class B Common Stock shares. Rows 8 and 10 consist of 1,518,828 Common Stock shares and 2,022,477 Class B Common Stock shares. The calculation for the percentage in Row 13 is based on 12,338,845 shares of Common Stock outstanding and 2,318,857 shares of Class B Common Stock outstanding as of February 5, 2026 reported in the Issuer's Quarterly Report on Form 10-Q of the Issuer for the quarter ended December 31, 2025, filed with the SEC on February 6, 2026. Each share of Class B Common Stock is convertible at any time into one share of Common Stock at the option of the holder.


SCHEDULE 13D


E.J. Elliott Family Limited Partnership
Signature:/s/ Marc G. Elliott
Name/Title:Marc G. Elliott, Manager of its general partner
Date:05/08/2026
E.J. Elliott, LLC
Signature:/s/ Marc G. Elliott
Name/Title:Marc G. Elliott, Manager
Date:05/08/2026
Marc G. Elliott
Signature:/s/ Marc G. Elliott
Name/Title:Marc G. Elliott
Date:05/08/2026

FAQ

How much of Gencor Industries (GENC) does Marc G. Elliott beneficially own?

Marc G. Elliott may be deemed to beneficially own 1,787,844 Common and 2,214,757 Class B Gencor shares, or about 27.3% of total shares outstanding. This percentage is based on Common and Class B share counts reported as of February 5, 2026.

What Gencor (GENC) holdings are reported by the E.J. Elliott Family Limited Partnership?

The E.J. Elliott Family Limited Partnership reports beneficial ownership of 1,518,828 Common Stock shares and 2,022,477 Class B Common Stock shares of Gencor Industries. These holdings represent 24.2% of the total shares outstanding as of February 5, 2026.

How are Gencor (GENC) Class B Common Stock shares treated in this Schedule 13D?

Each Gencor Class B Common Stock share is convertible at any time into one Common Stock share at the option of the holder. The ownership percentages in the filing use the reported outstanding Common and Class B counts as of February 5, 2026.

What personal Gencor (GENC) share purchases has Marc G. Elliott made?

Marc G. Elliott used about $3.7 million of personal funds to buy 269,016 Common Stock shares and 192,280 Class B Common Stock shares of Gencor Industries. These directly held shares are in addition to his indirect interests through family entities.

Did a change occur that affected Marc G. Elliott’s indirect Gencor (GENC) ownership?

On May 1, 2026, Marc G. Elliott was gifted membership interests in E.J. Elliott, LLC, making him the majority member and manager. Because that LLC is general partner of the family partnership, he may now be deemed to own its Gencor share holdings indirectly.

What are the reporting persons’ intentions for their Gencor (GENC) holdings?

The reporting persons state they hold Gencor securities for investment purposes. Depending on market conditions and other factors, they may buy more shares, sell some or all holdings, or engage in hedging, but they describe no specific corporate change plans in the filing.