DUOS TECHNOLOGIES GROUP, INC. 8-K

What Happened

• Duos Technologies Group, Inc. (DUOT) filed an 8-K reporting that Douglas Recker was appointed Chief Executive Officer and President effective April 1, 2026. Recker has been President since September 2025 and was Founder and President of Duos Edge AI, Inc. since July 2024. Current CEO Charles Ferry will resign as CEO effective April 1, 2026, but will remain on the board; Ferry will continue as CEO of New APR Energy, LLC (in which Duos holds a 5% equity interest).
• The filing also discloses a non-binding letter of intent dated February 16, 2026 between Duos Edge and Hydra Host, Inc. for a proposed GPU-as-a-Service contract. The LOI covers a 2,304-GPU B800 cluster (potentially scalable to 4,608 GPUs) where Duos Edge would own the data center assets and Hydra would operate the cluster.

Key Details

• CEO change effective date: April 1, 2026 — Douglas Recker named CEO/President; Charles Ferry stepping down as CEO but remaining a director.
• LOI date: February 16, 2026; announced via press release on February 27, 2026.
• Projected commercial metrics (per LOI): approximately $176 million revenue over a 36-month term; modeled gross margins above 80%; projected EBITDA in excess of $40 million; incremental colocation revenue ≈ $25 million over 36 months.
• LOI status: non-binding and subject to conditions including financing; specifications may change and there is no assurance the project will be completed.

Why It Matters

• Leadership: The CEO transition centralizes operational leadership with Douglas Recker, who has led Duos Edge and served as company President since late 2025—an important governance change investors track for strategy and execution continuity.
• Growth potential: The LOI, if executed, represents a material expansion of Duos’ Edge Data Center business with sizable revenue and margin projections over three years. However, the LOI is non-binding and contingent on financing and other conditions, so investors should treat the financial projections as potential upside rather than guaranteed results.