UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 15
GENCOR INDUSTRIES, INC.
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(Name of Issuer)
Common Stock
------------------------------------
(Title of Class of Securities)
368-678-108
-------------------------
(CUSIP Number)
Harvey Houtkin, c/o All-Tech Investment Group, Inc.
160 Summit Avenue, Montvale, New Jersey 07645//(201) 782-0200
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 1, 1996
---------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [x]
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
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).
Page 1 of 11
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 2 of 11 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
All-Tech Investment Group, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7. SOLE VOTING POWER
Number of
Shares -0-
--------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 27,883
-----------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With -0-
-----------------------------------------------
10. SHARED DISPOSITIVE POWER
27,883
- ------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,883
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
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14. TYPE OF REPORTING PERSON
BD
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<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 3 of 11 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RUSHMORE FINANCIAL SERVICES, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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7. SOLE VOTING POWER
Number of
Shares -0-
----------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned By
Each 34,617
----------------------------------------------------
Reporting
Person With 9. SOLE DISPOSITIVE POWER
-0-
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
34,617
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,617
---------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES
---------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.6%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 4 of 11 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey Houtkin
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF WC OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
---------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
Number of
Shares 126,098
------------------------------------------------
Beneficially 8. SHARED VOTING POWER
Owned by
Each 76,032
------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 126,098
-------
10. SHARED DISPOSITIVE POWER
76,032
- --------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,130
--------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [x]
CERTAIN SHARES
-------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.1%
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14. TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 368-678-108 Page 5 of 11 Pages
----------- ------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark Shefts
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF OO
-------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
Number of
Shares 38,140
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Beneficially 8. SHARED VOTING POWER
Owned by
Each 66,623
------------------------------------------------
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 38,140
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10. SHARED DISPOSITIVE POWER
66,623
- ------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
104,763
-------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [x]
CERTAIN SHARES
-------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
Item 1. Security and Issuer
Common Stock
Gencor Industries, Inc.
5201 North Orange Blossom Trail
Orlando, FL 32810
Item 2. Identity and Background
(a) All-Tech Investment Group, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Registered broker/dealer, 160 Summit Avenue,
Montvale, NJ 07645
(d) No
(e) No
(f) New York
All of the shares of All-Tech Investment Group, Inc. ("All-Tech"), a
registered broker/dealer which makes a market in the issuer's stock
are owned by Rushmore Financial Services, Inc. ("Rushmore"). All-Tech
previously filed a Report on Schedule 13D with respect to the issuer;
this joint filing constitutes Amendment No. 15 thereto. Information
with respect to Rushmore is as follows. Thru Wanshef Inc.'s merger
with Rushmore Financial Services, Rushmore Financial Services now owns
100% of All-Tech stock.
(a) Rushmore Financial Services, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Financial Services, 160 Summit Avenue, Montvale,
New Jersey 07645
(d) No
(e) No
(f) New York
Page 6 of 11 Pages
<PAGE>
Information with respect to Mr. Houtkin is set forth below. Mr.
Houtkin has previously filed a Report on Schedule 13D with respect to
the issuer; this joint filing constitutes Amendment No. 15 thereto.
(a) Harvey Houtkin
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Chairman of the Board and President, All-Tech Investment Group,
Inc. and Domestic Securities, Inc., registered broker-dealers
located at 160 Summit Avenue, Montvale, NJ 07645, and Rushmore
Financial Services, Inc.
(d) No
(e) In 1990 a consent order was issued by the New Jersey Bureau of
Securities pursuant to a negotiated amicable resolution of the
application for registration of Domestic Securities, Inc.
("Domestic"), a registered broker-dealer, in the State of New
Jersey. The order provided that neither Domestic nor Mr. Houtkin
would reapply for registration for three years and the New Jersey
Bureau of Securities would be reimbursed $50,000 in respect of
its costs of investigation of the application. Mr. Houtkin and
Domestic are now registered in the State of New Jersey.
(f) United States
Information with respect to Mr. Shefts is set forth below. Mr. Shefts
has previously filed a Report on Schedule 13D with respect to the
issuer; this joint filing constitutes Amendment No. 15 thereto.
(a) Mark Shefts
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Executive VP/Secretary/Treasurer All-Tech Investment Group, Inc.,
Domestic Securities, Inc. and Rushmore Financial Services, Inc.,
160 Summit Avenue, Montvale, NJ 07645
(d) No
(e) No
(f) United States
Page 7 of 11 Pages
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration.
Amounts set forth below are for shares owned directly by a reporting
person.
WC/OO All-Tech Investment Group, Inc., a registered broker/dealer
which makes a market in the issuer's stock, purchased 27,883 (2.1%)
shares in a margin account. All of the stock of All-Tech is owned
by Rushmore.
PF/OO 5,241 of the shares directly beneficially owned by Mr. Houtkin
individually were purchased in a margin account and 120,857 were
purchased for cash. 13,532 shares directly beneficially owned by Mr.
Houtkin and his mother, Esther Houtkin, were purchased for cash. Mr.
Houtkin's wife Sherry Houtkin owns 77,000 shares (5.8%) and his adult
son Brad Houtkin is the beneficial owner of 7,810 shares (0.6%). Mr.
Houtkin disclaims beneficial ownership of all of such shares. All of
the shares owned by Mrs. Houtkin were purchased for cash. All of the
shares owned by Mrs. Houtkin were purchased for cash. 7,100 (0.6%) of
of the shares owned by Brad Houtkin were purchased in a margin
in a margin account; 710 shares were issued as a dividend.
PF/OO The 38,140 shares directly beneficially owned by Mr. Shefts
were purchased for cash. Mr. Shefts owns 4,123 shares jointly with
Edith Shefts, his mother, which were purchased for cash. Mr. Shefts'
wife, Wanda Shefts, owns 47,293 shares (3.5%); Mr. Shefts disclaims
beneficial ownership of such shares. All of such shares were
purchased for cash.
WC/OO Rushmore owns 34,617 shares (2.6%) of the issuer directly which
were purchased on margin and indirectly owns 27,883 shares (2.1%)
through its ownership of All-Tech. Rushmore is owned 50% by Mr.
Shefts and 50% by Mr. Houtkin.
Item 4. Purpose of Transaction
The shares were purchased for investment purposes only, except for the
shares owned by All-Tech, which were purchased as inventory for its market-
making activity.
Except for All-Tech's continuing to make a market in the issuer's stock,
there are no current plans or proposals to acquire or dispose of the
issuer's securities or to seek any change in the issuer's business or
corporate structure.
Page 8 of 11
<PAGE>
Item 5. Interest in Securities of the Issuer
(a) The aggregate number of the issuer's common shares beneficially owned
at the close of business on July 1, 1996, (the record date for the issuer's
annual meeting of shareholders), by all reporting persons submitting this
joint filing equals approximately 28.1% of the common stock outstanding on
July 1, 1996.
All shares held in corporate name as set forth below are subject to shared
voting and dispositive power; shares owned by Messrs. Houtkin, and Shefts
individually are subject to sole voting and dispositive power.
(b) Shares beneficially owned by each reporting person:
All-Tech Investment Group, Inc. TOTAL: 27,883
PERCENTAGE: 2.1%
Rushmore Financial Services, Inc.
(excluding shares TOTAL: 34,617
of All-Tech) PERCENTAGE: 2.6%
Harvey Houtkin, individually 126,098
Harvey Houtkin jointly with
Esther Houtkin 13,532
Harvey Houtkin as a control person of
Rushmore (excluding shares owned
by All-Tech) 34,617
Harvey Houtkin as a control person of
All-Tech 27,883
-------
TOTAL: 202,130
PERCENTAGE: 15.1%
Mark Shefts, individually 38,140
Mark Shefts jointly with his mother,
Edith Shefts 4,123
Mark Shefts as a control person
of Rushmore 34,617
Mark Shefts as a control person
of All-Tech 27,883
------
TOTAL: 104,763
PERCENTAGE: 7.8%
Page 9 of 11
<PAGE>
Mr. Shefts disclaims beneficial ownership of 47,293 shares (3.5%)
owned by his wife, Wanda Shefts.
Mr. Houtkin disclaims beneficial owner of 77,000 shares (5.8%) owned
by his wife, Sherry Houtkin, and 7,810 shares (0.6%) owned by his
adult son Brad Houtkin.
(c) All-Tech, a market-maker in the issuer's stock, effects transactions
in the issuer's stock continually.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
The parties filing this Report on Form 13D have orally agreed to make
this joint filing.
The parties filing this Report on Form 13D intend to vote their shares
for the election of Robert D. Kashan to serve as the director of the
issuer elected by the common stockholders or have given a proxy to Mr.
Houtkin, or Mr. Josef Ross, who has solicited proxies in connection
with the annual meeting of stockholders of the issuer. Messrs.
Houtkin and Ross intend to vote all shares as to which they hold a
proxy for the election of Mr. Kashan. Mr. Ross and Mr. Kashan are
customers of All-Tech, owned indirectly by Mr. Houtkin and Mr. Shefts.
Item 7. Material to be Filed as Exhibits
None
Page 10 of 11
<PAGE>
Signature
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
August 13, 1996 ALL-TECH INVESTMENT GROUP, INC.
By s/Harvey Houtkin
-----------------------------
Harvey Houtkin, President
RUSHMORE FINANCIAL SERVICES, INC.
By s/Harvey Houtkin
-----------------------------
Harvey Houtkin, President
s/Harvey Houtkin
------------------------------
Harvey Houtkin
s/Mark Shefts
------------------------------
Mark Shefts
Signature
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete
and correct.
August 13, 1996 ALL-TECH INVESTMENT GROUP, INC.
By
--------------------------
Harvey Houtkin, President
RUSHMORE FINANCIAL SERVICES, INC.
By
--------------------------
Harvey Houtkin, President
----------------------------
Harvey Houtkin
----------------------------
Mark Shefts
Page 11 of 11
