Gencor Industries Appoints Raymond Cole As Interim Chief Financial Officer

On June 1, 2026, Gencor Industries, Inc. (the "Company") appointed Mr. Raymond Cole as the Company's Interim Chief Financial Officer.

Mr. Cole, age 61, most recently served as a consultant to ECD Automotive Design, Inc. ("ECD Auto Design") (NASDAQ:ECDA), an automotive restoration company, and the world's largest Land Rover restoration company, from January 2025 to May 2026, assisting with specialty sales and business development. Previously, Mr. Cole served as the Chief Financial Officer of ECD Auto Design from May 2023 to October 2024, where Mr. Cole led and oversaw restructuring of the internal financial department and internal controls, the Company's de-SPAC transaction, capital raises and two acquisitions. Mr. Cole also previously served as the Chief Executive Officer at LuckyJack, LLC from November 2020 to April 2023. Prior to this Mr. Cole was the Chief Operating Officer and Chief Financial Officer at Empowered Media, LLC, and was a Director at American Express. Mr. Cole began his career in the mergers and acquisitions groups at Salomon Smith Barney and JPMorgan Chase. Mr. Cole holds a master's degree in business administration and finance from the Zicklin School of Business at Baruch College and a bachelor's degree in economics from Fordham University. Mr. Cole also served as an adjunct professor at Berkeley College in NYC, and at the New York Institute of Finance, where he taught corporate finance. Mr. Cole has a consulting agreement with the Company, and his employment will be on an at-will basis at $32,500 per month.

There are no transactions between Mr. Cole or any member of his immediate family and the Company, or any of its subsidiaries, that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission. In addition, there are no family relationships between Mr. Cole and any current director or executive officer of the Company.