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United Kingdom

Gencor Industries Inc (GENC.OQ)

GENC.OQ on NASDAQ Stock Exchange Global Market

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20 Jul 2018
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Summary

Name Age Since Current Position

E. Elliott

88 2016 Chairman of the Board

Marc Elliott

52 2017 President, Director

John Elliott

57 2016 Chief Executive Officer

Eric Mellen

49 2014 Chief Financial Officer, Treasurer

Dennis Hunt

61 2012 Senior Vice President - Sales

Jeanne Lyons

59 1996 Secretary

David Air

84 2004 Independent Director

Cort Dondero

66 2008 Independent Director

Randolph Fields

76 2002 Independent Director

James Sharp

65 2010 Independent Director

Biographies

Name Description

E. Elliott

Mr. E. J. Elliott is Chairman of the Board of Gencor Industries, Inc. Mr. Elliott’s long tenure has provided him with detailed knowledge of the Company. He has structured and overseen its growth and transformation over the Company’s history. He has been active and held leadership positions in virtually all national and many international associations dealing with heavy machinery manufacturing, and the nation’s highway systems, and has insightful relationships with senior industry executives on a global basis. These leadership experiences allow Mr. Elliott to communicate relevant information about the Company to the Board efficiently and effectively. He has extensive operational experience that provides the Board with timely and valuable insights into Company financial reports, opportunities, and risks.

Marc Elliott

Mr. Marc G. Elliott is President, Director of Gencor Industries, Inc. He joined the company in 1988 and has served in numerous positions in virtually all areas and operations of the company. Mr. Elliott has served as an executive officer of Gencor Industries, Inc. since 1993 and was promoted to President of Gencor Industries, Inc. in 2005. During his tenure with the company he has held numerous positions including President – Construction Equipment Group, President of General Combustion Corporation, Vice President of Marketing and Director of Financial Services for Gencor. Mr. Elliott also served as the Acting Chief Financial Officer of the Company from September 2010 to May 2012. Mr. Elliott has been active in several industry organizations including National Asphalt Pavement Association, Construction Equipment Manufacturer’s Association, Association of Equipment Manufacturer’s, National Stone Sand & Gravel Association, and American Road & Transportation Builder’s Association.

John Elliott

Mr. John E. Elliott is Chief Executive Officer of the Company. Prior to joining Gencor, Mr. Elliott was Managing Director of Spectrasyne Ltd., an environmental service and consulting company to the petroleum, chemical, and energy industry. Mr. Elliott had been an Officer of the Company from 1985 to 2006, serving as Executive Vice President and a member of the Company’s Board of Directors. Mr. Elliott holds a law degree and brings significant management and operational experience from his service at Gencor Industries, Inc. and various senior management roles.

Eric Mellen

Mr. Eric E. Mellen is Chief Financial Officer, Treasurer of Gencor Industries, Inc., since May 28, 2012. Previously, Mr. Mellen was Director of Corporate Development for Gencor Industries, Inc. From 1992 to 2002, Mr. Mellen worked at PricewaterhouseCoopers where he was a key member of the corporate finance, global strategy, and investment teams. Mr. Mellen worked on the due diligence and integration teams for the Price Waterhouse and Coopers & Lybrand merger, as well as the sale of PricewaterhouseCoopers Consulting to IBM Corporation in 2002. He worked in corporate finance at IBM Corporation from 2002 to 2008. Mr. Mellen’s responsibilities included pricing and financial management, as well as managing the worldwide budget of IBM’s Business Consulting Division. Mr. Mellen’s business valuation and financial advisory experience from 2008 to 2011 includes valuation and strategic planning of numerous companies across a variety of manufacturing and service industries. Mr. Mellen holds a BS in Finance and Management and an MBA and brings 25 years of financial management experience.

Dennis Hunt

Mr. Dennis Bryan Hunt is Senior Vice President - Sales of Gencor Industries, Inc. Prior to joining Gencor, Mr. Hunt served as Vice President of Asphalt and Ready Mix Operations for Vulcan Materials Company, Western Division. During his prior business career Mr. Hunt was a principal and officer with Industrial Asphalt. Mr. Hunt’s grandfather, Wallace E. Hunt Sr., founded Industrial Asphalt in 1941 and the Hunt family built Industrial Asphalt into one of the largest producers of hot mix asphalt in the United States. Mr. Hunt earned a BS degree from the University of San Francisco and an MBA from California State University Bakersfield. Mr. Hunt has 35 years of experience at all levels of the asphalt and construction industry. He is recognized as an expert in the industry and is regularly invited to speak at conferences and technical meetings. His unique experience allows him to understand all the inner works of the asphalt industry and gives valuable insight into Gencor’s customer’s business requirements. His industry experience, coupled with his educational background, allow him to contribute to a wide spectrum of Gencor’s processes and decisions.

Jeanne Lyons

Ms. Jeanne M. Lyons is an Secretary of Gencor Industries, Inc. In 1995 she served as Administrative Assistant to the Chairman.

David Air

Mr. David A. Air is Independent Director of Gencor Industries, Inc., since 2004. Mr. Air also served as a Director of Dunlop Engineering in England from 1975 to November 1984 and as CEO of its Engineered Industrial Products Division. During this time he had responsibilities for plants internationally in the United States, South Africa and Australia. From 1985 to 1992 Mr. Air was CEO of Genco Beverley Ltd in the United Kingdom, retiring in 1992. Mr. Air’s long tenure in senior management positions with engineering companies has provided him with a broad knowledge of related skills in areas other than engineering such as production, technical, finance, compensation matters, and human relations.

Cort Dondero

Mr. Cort J. Dondero is Independent Director of Gencor Industries, Inc., since July 2008. Mr. Dondero retired from his position as Chief Operating Officer of Panadero Aggregates, the Holding Company for Bluegrass Materials. Bluegrass Materials owns and operates 26 manufacturing plants (quarries and block plants) in Kentucky, Tennessee, South Carolina, Georgia, and Maryland. Previously, Mr. Dondero was Vice President of Quality Assurance for Ryder Transportation Group where he founded SAI Consulting which was subsequently sold. SAI serviced multiple fortune 500 firms in North America. In 2006 Mr. Dondero joined Florida Rock Industries (former client) as President of Georgia Aggregates with total P&L responsibility. Florida Rock was purchased by Vulcan Materials and Mr. Dondero was retained by Vulcan Materials as a Vice President and General Manager. He was responsible for managing the assets that Vulcan Materials was required to divest as a condition of purchasing Florida Rock. Mr. Dondero reported directly to Vulcan’s Executive Committee and the Department of Justice. Mr. Dondero founded Dondero & Associates and subsequently left Vulcan Materials to assist with the founding of Panadero Aggregates (Bluegrass Materials) with other former Executives of Florida Rock Industries. Mr. Dondero also served on the Board of Directors for the Georgia Construction Aggregate Association.

Randolph Fields

Mr. Randolph H. Fields is Independent Director of Gencor Industries, Inc. Mr. Fields has represented the Company as primary outside counsel since 1982. In addition he has served as a director since 2002. Mr. Fields has served on the Audit and Compensation Committees and continues to serve on the Executive and Nominating Committees. Mr. Fields serves as a corporate attorney with GrayRobinson, P.A., one of Florida’s largest law firms. He has an MBA and J.D. from the University of Michigan and an AB from Dartmouth College. His practice involves mergers, acquisitions, corporate finance, securities law, banking law and international transactions. He is a principal in businesses engaged in natural resources, automobile dealerships, investment banking, commercial banking, investing, real estate and charitable foundations. He has assisted the Company in numerous acquisitions and financings and continues to present the Company with opportunities for future investment and growth.

James Sharp

Mr. James P. Sharp is Independent Director of Gencor Industries, Inc., since March 26, 2010. Mr. Sharp has 30 years of business and financial experience as a senior executive for public corporations. Most recently he was with CNH Global NV, last serving as President, Parts and Service. Prior to that, Mr. Sharp was with Ingersoll- Rand Company for 25 years, where he was President of various businesses with sales ranging from $300 million to $1.2 billion. Mr. Sharp began his career as an auditor with Price Waterhouse for four years. Mr. Sharp received a BA degree in Economics from Rutgers University and an MBA in accounting, also from Rutgers University. Mr. Sharp has served as a member of the Board of Directors of the Association of Equipment manufacturers (AEM) and the American Road and Transportation Builders Association (ARTBA). Mr. Sharp brings executive, financial, and operational experience to the Gencor Board and its Audit Committee. Mr. Sharp’s accounting education, audit experience with Price Waterhouse, and executive and financial business leadership experience allow him to bring to Gencor’s Board significant talents in assessing the Company’s financial results, and supervise the relationship with the Company’s independent auditors as Chairman of the Audit Committee.

Basic Compensation

Name Fiscal Year Total

E. Elliott

606,353

Marc Elliott

402,539

John Elliott

463,138

Eric Mellen

280,670

Dennis Hunt

283,447

Jeanne Lyons

--

David Air

--

Cort Dondero

--

Randolph Fields

--

James Sharp

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As Of  30 Sep 2017

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