DUOS TECHNOLOGIES GROUP, INC. 8-K

What Happened Duos Technologies Group, Inc. filed an 8-K (Apr 7, 2026) announcing that Douglas Recker was appointed Chief Executive Officer and President effective April 1, 2026, and that Charles P. Ferry resigned as CEO but will remain a director. In connection with Ferry’s change in role, the company and Ferry amended his January 1, 2025 equity award under the 2021 Equity Incentive Plan. The original grant of 552,889 shares was reduced to 261,445 shares; the vesting date remains December 31, 2027, but the shares now vest only if Ferry continues to serve as a director through that date. Ferry also continues as CEO of New APR Energy, LLC, in which Duos holds a 5% equity interest.

Key Details

• Douglas Recker named CEO and President effective April 1, 2026.
• Charles Ferry resigned as CEO but remains a Company director.
• Original equity award: 552,889 shares (granted Jan 1, 2025); amended to 261,445 shares.
• Vesting date unchanged: December 31, 2027; new forfeiture condition requires Ferry to remain a director to vest.

Why It Matters A CEO transition is a material leadership change that investors watch for potential shifts in strategy and execution. The amendment reducing Ferry’s award lowers potential future dilution from that grant, while tying remaining equity to continued board service (not employment) clarifies retention incentives. Ferry’s continued board role and his outside CEO position at New APR Energy (where Duos has a 5% stake) are disclosed facts investors may consider when evaluating governance and related-party dynamics.