Business Context and Reporting Period
This Form 8-K is filed by Gencor Industries, Inc. (NYSE American: GENC) on January 27, 2026. The report discloses a change in the Company's independent registered public accounting firm. The Company is headquartered in Orlando, Florida.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Accountant Change: The Board of Directors dismissed Berkowitz Pollack Brant Advisors + CPAs, LLP (BPB) and appointed Carr, Riggs & Ingram, L.L.C. (CRI) as the new independent registered public accounting firm, effective January 1, 2026. This change resulted from CRI acquiring certain assets of BPB's capital markets practice.
- Audit Opinions: BPB issued unqualified opinions on the consolidated financial statements for fiscal years ended September 30, 2025, and September 30, 2024. However, BPB issued adverse opinions on the effectiveness of internal control over financial reporting for both periods.
- Material Weaknesses: The adverse opinions were due to material weaknesses in Information Technology General Controls (ITGCs), including user access, program change management, and controls over third-party service providers. Additional weaknesses were noted in the period-end close process, journal entry reviews, account reconciliations, and segregation of duties.
Guidance, Outlook, and Risks
- Disagreements and Reportable Events: The Company reported no disagreements with BPB regarding accounting principles or auditing scope. The only reportable events were the previously disclosed material weaknesses in internal controls.
- Consultations: The Company confirmed it did not consult CRI regarding accounting principles or audit opinions prior to the appointment.
- Risk Factors: The continued existence of material weaknesses in internal controls, specifically regarding ITGCs and financial reporting processes, represents a significant risk to the reliability of future financial reporting until remediated.
Investor Verification Checklist
- Verify the status of remediation efforts for the material weaknesses in ITGCs and financial reporting controls disclosed in the 2024 and 2025 Form 10-K filings.
- Review the transition plan between BPB and CRI to ensure continuity in audit oversight.
- Confirm that no new disagreements or reportable events have arisen during the interim period following the accountant change.
- Examine the specific details of the "adverse opinion" on internal controls to understand the potential impact on future financial statement reliability.