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Gencor Industries, Inc. (NYSE American:GENC), a $204 million market cap industrial manufacturer with notably strong financial metrics according to InvestingPro, announced Friday that its annual meeting of shareholders will be held on September 26, 2025. The meeting will follow the company’s fiscal year ended September 30, 2024. The exact time and location will be provided in the definitive proxy statement to be filed with the Securities and Exchange Commission.
The company, which maintains exceptional financial health with a current ratio of 18.19 and zero debt on its balance sheet, stated that shareholders of record as of August 11, 2025, will be entitled to receive notice of and vote at the annual meeting or any postponements or adjournments.
Gencor Industries indicated that, due to the annual meeting date being changed by more than 30 days from the prior year’s meeting, it has established a new deadline for shareholder proposals under Rule 14a-8 of the Securities Exchange Act of 1934. Proposals for inclusion in the company’s proxy materials must be received by the company’s Secretary no later than July 28, 2025. Proposals received after this date will not be considered timely and will be excluded from the proxy materials. All proposals must comply with SEC rules for inclusion.
Shareholders seeking to submit proposals outside of Rule 14a-8 or to nominate a director must also provide written notice to the company’s Secretary by the close of business on July 28, 2025. Such notices must comply with the requirements set out in Gencor Industries’ Amended and Restated By-Laws.
This information is based on a press release statement included in a filing with the Securities and Exchange Commission. Analysis from InvestingPro suggests the stock is currently trading below its Fair Value, with additional insights and metrics available through the platform’s comprehensive analysis tools.
In other recent news, Gencor Industries has received an extension from NYSE American LLC to regain compliance with continued listing standards. The company is currently not in compliance due to its failure to file its Annual Report on Form 10-K for the fiscal year ended September 30, 2024, and Quarterly Reports on Form 10-Q for the periods ended December 31, 2024, and March 31, 2025. Despite this non-compliance, Gencor’s listing will continue under the extension period, which lasts until August 19, 2025. During this time, the company will be subject to periodic reviews by NYSE. Gencor expects to file its Annual Report within the initial six-month period and the Quarterly Reports by the new deadline, although it acknowledged there is no guarantee of meeting these timeframes. If Gencor fails to make progress consistent with its compliance plan or does not regain compliance by the end of the extension period, it could face delisting from the NYSE American.
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