Item 4.01. Changes in Registrant’s Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm
On February 13, 2025, the Board of Directors of the Company (the “Board”), upon recommendation by the Audit Committee of the Board of Gencor Industries, Inc. (the “Company”) dismissed Forvis Mazars, LLP (“Forvis Mazars”) as the independent registered public accounting firm of the Company, effective immediately.
From November 1, 2024 through February 13, 2025, the period during which Forvis Mazars was engaged as the Company’s independent registered public accounting firm, there were no disagreements with Forvis Mazars on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Forvis Mazars, would have caused Forvis Mazars to make reference to the subject matter of the disagreements as defined in Item 304 of Regulation S-K in connection with any reports it would have issued, and there were no “reportable events” as such term is described in Item 304 of Regulation S-K, except as noted below. Forvis Mazars did not issue any reports on the Company’s consolidated financial statements or the Company’s internal control over financial reporting.
During the audit for the year ended September 30, 2024, which has not been completed, material weaknesses were identified by management, in consultation with Forvis Mazars, in the Company’s internal control over financial reporting, as previously discussed in the Company’s NT 10-K filed with the Securities and Exchange Commission on December 17, 2024. The material weaknesses were due to (i) information technology general controls, (ii) controls over key third-party service provider System and Organizational reports, (iii) controls over the period-end close process, and (iv) the monitoring of the Company’s internal control framework.
The Company provided Forvis Mazars a copy of the statements made in this Item 4.01. Attached as Exhibit 16.1 to this Form 8-K is the letter from Forvis Mazars to the Securities and Exchange Commission, dated February 20, 2025.
(b) Engagement of New Independent Registered Public Accounting Firm
The Board, upon recommendation by the Audit Committee of the Board, approved the appointment of Berkowitz Pollack Brant Advisors + CPAs (“BPB”) as the Company’s new independent registered public accounting firm, which became effective on February 20, 2025 after completion of BPB’s client acceptance procedures.
Prior to the engagement of BPB, neither the Company nor anyone on its behalf consulted BPB regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement” or a “reportable event,” each as defined in Regulation S-K Item 304(a)(1)(iv) and 304(a)(1)(v), respectively.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
