SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 18)(1)
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)
April 19, 1999
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |X|.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
- ----------
(1) 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 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>
CUSIP No. 368-678-108 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
All-Tech Investment Group, Inc. EIN 13-2581640
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 19,955
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,955
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,955
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 368-678-108 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rushmore Financial Services, Inc. EIN 22-2837760
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 40,036
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,036
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,036
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 368-678-108 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Harvey Houtkin
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 30,136
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 71,484
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
30,136
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
71,484
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
101,620
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 368-678-108 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mark Shefts
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY --------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 16,492
PERSON --------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
16,492
--------------------------------------------------------
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,492
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |X|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<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) Delaware
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.
18 thereto. Information with respect to Rushmore is as
follows:
<PAGE>
(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 All-Tech is set forth below.
(a) All-Tech Investment Group, Inc.
(b) 160 Summit Avenue, Montvale, NJ 07645
(c) Broker/Dealer
(d) No
(e) No
(f) Delaware
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. 18 thereto.
(a) Harvey Houtkin
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) Chairman of the Board, 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. 18 thereto.
(a) Mark Shefts
(b) c/o All-Tech Investment Group, Inc.
160 Summit Avenue
Montvale, New Jersey 07645
(c) President/Treasurer All-Tech Investment Group,
Inc., Domestic Securities, Inc. and Rushmore
Financial Services, Inc., 160 Summit Avenue,
<PAGE>
Montvale, NJ 07645
(d) No
(e) No
(f) United States
(d) No
(e) No
(f) Delaware
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, owned 40,036 shares as
of April 19, 1999. All of the stock of All-Tech is owned by
Rushmore.
PF/OO All 30,136 of the shares directly beneficially
owned by Mr. Houtkin individually were purchased for
cash. Mr. Houtkin owns 30,728 shares (0.4%) together
with his mother Esther Houtkin, all of which were
purchased for cash. Mr. Houtkin's wife Sherry Houtkin
owns 34,291 shares (0.5%) which were purchased for cash.
Mr. Houtkin's adult son Stuart Houtkin is the beneficial
owner of 720 shares (0.0%) which were purchased for cash.
Mr. Houtkin's adult son Brad owns 13,840 shares (0.2%)
which were purchased for cash. Mr. Houtkin's adult son
Michael Houtkin is the beneficial owner of 3,400 shares
(0.0%) which were purchased for cash. Mr. Houtkin
disclaims beneficial ownership of all of the shares owned
by his wife and his sons Brad and Michael.
Rushmore owned no shares of the issuer directly as of
March 19, 1999. Rushmore is owned 50% by Mr. Shefts and
50% by Mr. Houtkin.
PF All 16,492 of the shares directly beneficially owned by Mr.
Shefts and his mother were purchased for cash. Mr. Shefts' wife,
Wanda Shefts, owns 8,300 shares (0.1%), all of which were purchased
for cash.
Item 4. Purpose of Transaction
The shares were purchased for investment purposes only. From time to time
All-Tech purchases and sells shares in connection with 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 April 19, 1999, by all reporting persons
submitting this joint filing was
<PAGE>
118,112 equaling approximately 1.6% of the common stock outstanding on
such date. Thus this is the final joint filing which will be made by this
group.
All shares held in corporate name as set forth below are subject to shared
voting and dispositive power; shares owned by Mr. Houtkin are subject to
sole and shared voting and dispositive power. Shares owned by Mr. Shefts
are subject to shared voting and dispositive power.
(b) Shares beneficially owned by each reporting person:
All-Tech Investment Group, Inc. TOTAL: 40,036
PERCENTAGE: 0.5%
Rushmore Financial Services, Inc.
(excluding shares TOTAL: -0-
of All-Tech) PERCENTAGE: 0.0%
Harvey Houtkin, individually 36,136
Harvey Houtkin jointly with Esther Houtkin 30,728
Harvey Houtkin's son Stuart Houtkin 720
Harvey Houtkin as a control person of
Rushmore (excluding shares owned
by All-Tech) -0-
Harvey Houtkin as a control person of
All-Tech 40,036
-------
TOTAL: 106,580
PERCENTAGE: 1.1
Mark Shefts, individually 16,492
Mark Shefts as a control person
of Rushmore (excluding shares owned
By All-Tech) -0-
Mark Shefts as a control person
of All-Tech 40,036
-------
TOTAL: 56,528
PERCENTAGE: 0.8%
Mr. Shefts disclaims beneficial ownership of 8,300 shares
(0.1%) owned by his wife, Wanda Shefts.
Mr. Houtkin disclaims beneficial ownership of 13,840 shares (0.2%)
owned by his adult son Brad Houtkin; 3,400 shares (0.0%) owned by
his adult son Michael Houtkin and 34,291 shares (0.5%) owned by his
wife Sherry 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
<PAGE>
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.
April 22, 1999 ALL-TECH INVESTMENT GROUP, INC.
By s/Harvey Houtkin
-------------------------------
Harvey Houtkin, Chairman
RUSHMORE FINANCIAL SERVICES, INC.
By s/Harvey Houtkin
-------------------------------
Harvey Houtkin, Chairman
s/Harvey Houtkin
-------------------------------
Harvey Houtkin
s/Mark Shefts
-------------------------------
Mark Shefts
