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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 16, 1999
(Date of earliest event reported)
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GENCOR INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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Delaware 0-3821 59-0933147
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation or
organization)
5201 NORTH ORANGE BLOSSOM TRAIL, ORLANDO, FLORIDA 32810
(Address of principal executive offices, zip code)
(407) 290-6000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
Gencor Industries, Inc., a Delaware corporation ("Gencor" or
"Registrant"), earlier indicated in a press release dated January 28, 1999 that
an internal investigation into the affairs of its wholly-owned subsidiary,
Gencor ACP Ltd. in the U.K. revealed accounting irregularities and other
improprieties that necessitate Gencor restate and re-audit its financial results
for fiscal year 1998.
Gencor and Deloitte & Touche LLP have been diligently working on
revising Gencor's consolidated financial statements as of and for the year-ended
September 30, 1998. Gencor anticipates having its revised financial statements
as of and for the year ended September 30, 1998 available and furnished to the
public shortly. As such, the consolidated financial statements of Gencor as of
and for the year-ended September 30, 1998 obviously should no longer be relied
upon.
Gencor received a letter from Deloitte & Touche LLP on February 1, 1999
to the effect that their report dated November 3, 1998 should no longer be
relied upon or associated with Gencor's consolidated financial statements as of
and for the year ended September 30, 1998. A copy of the said letter is attached
hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Letter from Deloitte & Touche LLP
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENCOR INDUSTRIES, INC.
(Registrant)
Date: February 16, 1999 By: /s/ E. J. Elliott
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E.J. Elliott
Chairman of the Board and President
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EXHIBIT 99.1
February 1, 1999
Mr. E.J. Elliott
Chairman and Chief Executive Officer
Gencor Industries, Inc.
5201 N. Orange Blossom Trail
Orlando, Florida 32810
Dear Mr. Elliott:
Under date of November 3, 1998, Deloitte & Touche LLP reported on the
consolidated financial statements of Gencor Industries, Inc. (the "Company") as
of and for the year ended September 30, 1998. Subsequent to the date of our
report, information has come to our attention which, had it been known to us at
the date thereof, would have affected our report.
Accordingly, we hereby notify you that our report dated November 3, 1998,
should no longer be relied upon or associated with the Company's consolidated
financial statements as of and for the year ended September 30, 1998.
We request that you immediately notify all entities and individuals whom you
know to be currently relying upon, or who are likely to rely upon, the
Company's consolidated financial statements and our report thereon, that our
report must no longer be relied upon or associated with the Company's
consolidated financial statements as of and for the year ended September 30,
1998.
Yours truly,
/s/ Deloitte & Touche LLP
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Deloitte & Touche LLP
