Home/Filings/8-K/0001079973-26-000110
8-K//Current report

DUOS TECHNOLOGIES GROUP, INC. 8-K

Accession 0001079973-26-000110

$DUOTCIK 0001396536operating

Filed

Jan 26, 7:00 PM ET

Accepted

Jan 27, 8:00 AM ET

Size

351.5 KB

Accession

0001079973-26-000110

Research Summary

AI-generated summary of this filing

Updated

Duos Technologies Agrees 3-Year Employment Deal with CFO Leah Brown

What Happened
Duos Technologies Group, Inc. (DUOT) filed an 8-K reporting that on November 16, 2025 it entered into a three-year Employment Agreement with its Chief Financial Officer, Leah F. Brown. The agreement sets Ms. Brown’s base salary at $250,000 per year (subject to annual review), makes her eligible for an annual performance bonus of up to 80% of base salary, and includes a grant of 150,000 restricted shares under the company’s 2021 Equity Incentive Plan. The employment term automatically renews for successive one-year periods unless either party gives at least 60 days’ written notice before the term’s end.

Key Details

  • Base salary: $250,000 per year, subject to annual review.
  • Annual performance bonus: up to 80% of base salary, tied to targets (e.g., revenue, profitability) as recommended by the CEO and approved by the Board.
  • Equity award: 150,000 restricted common shares with a three‑year cliff vesting schedule (fully vesting on December 31, 2028) subject to continued employment; vesting accelerates on change of control, death/disability, termination without cause, or resignation for good reason.
  • Term/protection: Initial three-year term with automatic one‑year renewals unless 60 days’ notice of non‑renewal; Agreement may be terminated with or without cause and by Ms. Brown for good reason.

Why It Matters
This filing documents the company’s step to secure and retain its finance chief through multi-year compensation and equity incentives. For investors, the salary and sizable equity grant signal management’s effort to align the CFO’s interests with company performance (bonus tied to revenue/profitability) but also creates potential dilution from the 150,000 restricted shares and acceleration provisions that could accelerate vesting in certain events (e.g., change of control). The agreement’s terms are factual and procedural (salary, bonus framework, vesting schedule) and help clarify executive compensation and governance for shareholders.