Companies Gencor Industries
Gencor Industries (GENC): executive pay, fiscal 2025
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Gencor Industries's highest-paid named officer for fiscal year 2025, President and Chairman of the Board Marc Elliott, was paid $957,849 · source
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Marc Elliott | $950,000 | — | — | $0 | $0 | $0 | $7,849 | $957,849 |
| President and Chairman of the Board | ||||||||
| Dennis Hunt | 500,000 | — | — | 0 | 0 | 0 | 8,359 | 508,359 |
| SVP Sales and Marketing | ||||||||
| Eric Mellen | 350,000 | — | — | 0 | 0 | 0 | 7,398 | 357,398 |
| Chief Financial Officer & Treasurer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Marc Elliott | $957,849 | $959,319 | $959,319 | ↓ −1,470 |
| Dennis Hunt | 508,359 | 508,220 | 557,283 | ↑ +139 |
| Eric Mellen | 357,398 | 358,070 | 333,594 | ↓ −672 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Compensation Committee endeavors to ensure that the compensation program for Executive Officers is effective in attracting and retaining key executives responsible for our success and in promoting our long-term interests and those of our stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Eric Mellen | RSU | 229,750 | — | $89,100 |
| Elliott | RSU | 269,016 | — | 192,280 |
| Elliott | RSU | 1,635,295 | — | 2,037,477 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Thomas VecchiollaIndependent | $27,000 | — | $0 | — | — | $27,000 |
| Walter A. Ketcham JrIndependent | 27,000 | — | 0 | — | — | 27,000 |
| John G. CoburnIndependent | 26,000 | — | 0 | — | — | 26,000 |
| Marc G. ElliottEmployee director · Board Chair | — | — | — | — | — | 0 |
| EJ ElliottEmployee director · Departed during FY | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $18,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,000 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $80,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $80,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Gencor Industries as a peer
Companies that benchmark against GENC
1 company names GENC as a compensation peer
- EASTERN COEMLFY2025
- FUEL TECH, INC.FTEKFY2025
- MAMMOTH ENERGY SERVICES, INC.TUSKFY2025
- SHYFT GROUP, INC.SHYFFY2024
Each company listed discloses GENC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named GENC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Gencor Industries | 2025 | Marc Elliott | $950,000 | — | $0 | $0 | $957,849 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2023 | 2023-03-31 | 10,175,419 | 157,060 | 16,946 | 98.48% | Passed |
| 2020 | 2020-02-27 | 10,228,307 | 399,390 | 11,940 | 96.24% | Passed |
| 2017 | 2017-02-23 | 8,927,638 | 548,167 | 18,713 | 94.22% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2023 | 2023-03-31 | 98.48%a |
| 2020 | 2020-02-27 | 96.24%b |
| 2017 | 2017-02-23 | 94.22%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 8 : 1 |
|---|---|
| CEO total compensation | $451,138 |
| Median employee compensation | $55,077 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (15 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Marc Elliott. DEF 14A, filed 2026-01-28. Section “Executive Compensation”. As printed: 957,849. View filing ↗
- Section 01, Dennis Hunt. DEF 14A, filed 2026-01-28. Section “Executive Compensation”. As printed: 508,359. View filing ↗
- Section 01, Eric Mellen. DEF 14A, filed 2026-01-28. Section “Executive Compensation”. As printed: 357,398. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2022-02-01. Section “CEO Pay Ratio”. As printed: 8 : 1. View filing ↗
- Section 08, Thomas Vecchiolla. DEF 14A, filed 2026-01-28. Section “Director Compensation”. As printed: 27,000. View filing ↗
- Section 08, Walter A. Ketcham Jr. DEF 14A, filed 2026-01-28. Section “Director Compensation”. As printed: 27,000. View filing ↗
- Section 08, John G. Coburn. DEF 14A, filed 2026-01-28. Section “Director Compensation”. As printed: 26,000. View filing ↗
- Section 08, Marc G. Elliott. DEF 14A, filed 2026-01-28. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, EJ Elliott. DEF 14A, filed 2026-01-28. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-03-31. Item 5.07 · say-on-pay result. As reported: 98.48%. View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-02-27. Item 5.07 · say-on-pay result. As reported: 96.24%. View filing ↗
- Section 06, 2017 vote. Form 8-K, filed 2017-02-23. Item 5.07 · say-on-pay result. As reported: 94.22%. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 80,000 + equity 0 + all other 0 = 80,000, summed across the director compensation table rows.
- Gencor Industries (subject), Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Gencor Industries's own proxy. As printed: 957,849. View filing ↗