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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 16
GENCOR INDUSTRIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
368-678-108
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(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)
December 31, 1996
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(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 10
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SCHEDULE 13D
CUSIP NO. 368-678-108 Page 2 of 10 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) [ ]
____________________________________________________________
3. SEC USE ONLY
____________________________________________________________
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 York
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7. SOLE VOTING POWER
Number of
Shares -0-
Beneficially 8. SHARED VOTING POWER
Owned by
Each 3,012
Reporting 9. SOLE DISPOSITIVE POWER
Person
With -0-
10. SHARED DISPOSITIVE POWER
3,012
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,012
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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)
0.2%
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14. TYPE OF REPORTING PERSON
BD
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SCHEDULE 13D
CUSIP NO. 368-678-108 Page 3 of 10 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) [ ]
____________________________________________________________
3. SEC USE ONLY
____________________________________________________________
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 -9,733-
Reporting 9. SOLE DISPOSITIVE POWER
Person
With -0-
10. SHARED DISPOSITIVE POWER
9,733-
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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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)
0.6%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
CUSIP NO. 368-678-108 Page 4 of 10 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) [ ]
____________________________________________________________
3. SEC USE ONLY
____________________________________________________________
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
7. SOLE VOTING POWER
Number of
Shares 178,857
Beneficially 8. SHARED VOTING POWER
Owned by
Each 23,265
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 178,857
10. SHARED DISPOSITIVE POWER
23,265
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,122
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [x]
CERTAIN SHARES
_____________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.5%
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14. TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
CUSIP NO. 368-678-108 Page 5 of 10 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) [ ]
____________________________________________________________
3. SEC USE ONLY
____________________________________________________________
4. SOURCE OF FUNDS
PF 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
7. SOLE VOTING POWER
Number of
Shares 44,565
Beneficially 8. SHARED VOTING POWER
Owned by
Each 13,856
Reporting 9. SOLE DISPOSITIVE POWER
Person
With 44,565
10. SHARED DISPOSITIVE POWER
13,856
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,421
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [x]
CERTAIN SHARES
_____________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
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14. TYPE OF REPORTING PERSON
IN
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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.
16 thereto. Information with respect to Rushmore is as
follows:
(a) Rushmore Financial Services, Inc.
(b) 160 Summit Avenue
Montvale, New Jersey 07645
(c) Holding company of All-Tech Investment Group, Inc.
and Domestic Securities, Inc.
(d) No
(e) No
(f) New Jersey
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. 16 thereto.
(a) Harvey Houtkin
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
Page 6 of 10
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(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. 16 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
(d) No
(e) No
(f) New York
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,
Page 7 of 10
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purchased 3,012 shares (0.2%)in a margin account. All of
the stock of All-Tech is owned by Rushmore.
PF/OO All 178,857 of the shares directly beneficially
owned by Mr. Houtkin individually 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 adult son Stuart Houtkin is the
beneficial owner of 2,575 shares (0.2%). Mr. Houtkin
disclaims beneficial ownership of all of such shares.
All of the shares owned by Stuart Houtkin were purchased
for cash.
PF/OO The 44,565 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 10,188 shares (0.6%); Mr. Shefts disclaims
beneficial ownership of the shares owned by his wife.
All of such shares were purchased for cash.
WC/OO Rushmore owns 6,721 shares (0.4%) of the issuer
directly which were purchased on margin and indirectly
owns 3,012 shares (.2%) 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.
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 December 31,
1996, by all reporting persons submitting this joint filing
was 260,498 equaling approximately 16.1% of the common stock
outstanding on such date.
Page 8 of 10
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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 are subject to sole voting and
dispositive power, except as to shares each of such persons
owns jointly with his respective mother.
(b) Shares beneficially owned by each reporting person:
All-Tech Investment Group, Inc. TOTAL: 3,012
PERCENTAGE: 0.2%
Rushmore Financial Services, Inc.
(excluding shares TOTAL: 6,721
of All-Tech) PERCENTAGE: 0.4%
Harvey Houtkin, individually 178,857
Harvey Houtkin jointly with
Esther Houtkin 13,532
Harvey Houtkin as a control person of
Rushmore (excluding shares owned
by All-Tech) 6,721
Harvey Houtkin as a control person of
All-Tech 3,012
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TOTAL: 202,122
PERCENTAGE: 12.5%
Mark Shefts, individually 44,565
Mark Shefts jointly with his mother,
Edith Shefts 4,123
Mark Shefts as a control person
of Rushmore 6,721
Mark Shefts as a control person
of All-Tech 3,012
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TOTAL: 58,421
Mr. Shefts disclaims beneficial ownership of 10,188
shares (0.6%) owned by his wife, Wanda Shefts.
Mr. Houtkin disclaims beneficial ownership of 2,575
shares (0.1%) owned by his adult son Stuart Houtkin.
(c) All-Tech, a market-maker in the issuer's stock, effects
transactions in the issuer's stock continually.
(d) N/A
Page 9 of 10
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(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.
Item 7. Material to be Filed as Exhibits
None
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.
March 11, 1996 ALL-TECH INVESTMENT GROUP, INC.
By: /s/ Harvey Houtkin
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Harvey Houtkin, President
RUSHMORE FINANCIAL SERVICES, INC.
By: /s/ Harvey Houtkin
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Harvey Houtkin, President
/s/ Harvey Houtkin
-----------------------------
Harvey Houtkin
/s/Mark Shefts
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Mark Shefts
Page 10 of 10
