Management ChangeSep 17, 2026, 06:06 AM
Duos Technologies CEO, COO Sign New Employment Agreements
AI Summary
Duos Technologies Group, Inc. has formalized employment agreements for its CEO, F. Douglas Recker, and COO, Dipan Patel. The agreement with CEO Recker, effective April 1, 2026, establishes a three-year term with a base salary of $650,000 and performance-based bonuses tied to revenue and EBITDA targets. It also details significant restricted stock grants with potential acceleration clauses. The agreement with COO Patel, effective June 15, 2026, includes a three-year term and a base salary of $375,000.
Key Highlights
- Duos Technologies Group, Inc. entered into an Employment Agreement with CEO F. Douglas Recker, effective April 1, 2026.
- The agreement has a three-year term through March 31, 2029, with automatic one-year renewals.
- Recker's base salary is $650,000, subject to annual review and potential increases.
- He is eligible for an annual performance bonus with a target of 125% and a maximum of 200% of base salary.
- Bonus targets are 60% based on revenue and 40% on EBITDA margins.
- Recker retains 400,000 restricted shares vesting Jan 1, 2028, with potential acceleration.
- The company will grant up to 880,000 additional restricted shares in two tranches for 2027 and 2028.
- Employment agreement with COO Dipan Patel also entered, effective June 15, 2026, with a $375,000 base salary.
Price Impact
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