Business Context and Reporting Period
This Form 8-K is a current report filed by Gencor Industries, Inc. (NYSE American: GENC) on November 1, 2024. The filing addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly procedural regarding the appointment of a new auditor.
Material Changes
- Accountant Change: On November 1, 2024, the Board of Directors dismissed MSL, P.A. and appointed Forvis Mazars, LLP as the new independent registered public accounting firm.
- Reason for Change: The change resulted from Forvis Mazars acquiring substantially all assets of MSL, with MSL partners and employees joining Forvis Mazars.
- Audit History: MSL's audit reports for fiscal years ended September 30, 2023, and September 30, 2022, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: The Company reported no disagreements with MSL regarding accounting principles, practices, or audit scope during the two most recent fiscal years or the interim period through June 30, 2024.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of new risks or contingencies. It confirms that no consultations occurred with Forvis Mazars regarding accounting principles or reportable events prior to their appointment.
Investor Verification Checklist
- Verify the transition timeline and effective date of the new auditor (Forvis Mazars) to ensure continuity in audit oversight.
- Review the attached letter from MSL, P.A. (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor future filings (10-K/10-Q) for the first audit report issued by Forvis Mazars to assess any changes in audit scope or findings.