Duos Technologies appoints Leah Brown CFO; Goldfarb becomes advisor

Rhea-AI Filing Summary

Duos Technologies Group, Inc. reported a leadership change in its finance organization. Adrian Goldfarb retired from his role as Chief Financial Officer effective November 15, 2025, and will continue with the company as a strategic advisor reporting to Chief Executive Officer Charles Ferry. This helps maintain continuity as responsibilities transition.

The company appointed Leah Brown as its new Chief Financial Officer, also effective November 15, 2025. Brown previously served as Senior Vice President of Accounting since January 2025 and joined Duos in 2022 after holding controller and leadership roles in the transportation sector. Her annual salary as CFO is $250,000, and she participates in the same benefit plans available to all employees. The company states that she has no family relationships with existing directors or executive officers and no related-party transactions requiring disclosure.

Insights

Corporate governance and executive leadership analyst

Duos announces a planned CFO transition with internal succession and advisory continuity.

The company disclosed that long-serving finance leader Adrian Goldfarb has retired as Chief Financial Officer effective November 15, 2025, while remaining as a strategic advisor to CEO Charles Ferry. Keeping Goldfarb in an advisory role can support knowledge transfer and reduce disruption during the handover of financial leadership duties.

Leah Brown has been promoted to CFO on the same effective date after serving as Senior Vice President of Accounting since January 2025. Her prior roles as Controller at Duos and at the Jacksonville Transportation Authority, along with over 30 years of industry experience and 18 years in transportation, indicate familiarity with the company’s sector and internal processes.

The filing notes an annual salary of $250,000 for Brown, with eligibility for standard employee benefits and no separate employment agreement. It also states there are no family relationships with directors or executive officers and no related-party transactions under Item 404(a) of Regulation S-K. Overall, this reads as a structured internal succession rather than an abrupt or contentious departure, though the ultimate impact will depend on Brown’s execution in the CFO role over future reporting periods.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

——————

FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 15, 2025

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Duos Technologies Group, Inc.

(Exact name of registrant as specified in its charter)

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Florida	001-39227	65-0493217
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

7660 Centurion Parkway, Suite 100, Jacksonville, Florida 32256

(Address of Principal Executive Offices) (Zip Code)

(904) 296-2807

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock (par value $0.001 per share)		DUOT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 12, 2025, Duos Technologies Group, Inc. (the “Company”) announced the retirement of Adrian Goldfarb as Chief Financial Officer effective November 15, 2025. Mr. Goldfarb will remain as a strategic advisor to the Company, reporting to Charles Ferry, our Chief Executive Officer.

The Company also announced the appointment of Leah Brown as the new Chief Financial Officer, effective November 15, 2025. Ms. Brown has served as Senior Vice President of Accounting of the Company since January 2025. Her responsibilities have included the oversight of the accounting operations of New APR Energy, LLC, as well as those of the Company. Ms. Brown joined the Company as Controller in July 2022. From August 2020 to July 2022, Ms. Brown served as Controller of the Jacksonville Transportation Authority.

Ms. Brown, age 55, has more than 30 years of industry experience, including 18 years in the transportation sector working with several companies, among them a Fortune 500 organization.  She has held a variety of management roles that have honed her expertise in strategic financial leadership and is recognized for her ability to align financial strategy with corporate objectives, driving sustainable growth and shareholder value. Her extensive background spans accounting, finance, budgeting, program oversight, and organizational planning. She has a proven track record of leading process improvements, optimizing financial operations, and guiding cross-functional teams to deliver end-to-end solutions that enhance efficiency and profitability. 

Ms. Brown received her Bachelors of Business Administration (with a concentration in Finance) from Florida International University and her Masters in Business Administration (with a concentration in Finance) from the University of North Florida.

There are no family relationships between Ms. Brown and any director or executive officer of the Company or its subsidiaries. Mr. Brown's annual salary is $250,000. She is not a party to an employment agreement or other compensation arrangement with the Company other than her eligibility to participate in such employee benefits as are provided by the Company to all employees. There are also no transactions to which the Company is or was a participant in which Ms. Brown has a material interest subject to disclosure under Item 404(a) of Regulation S-K.

Item 9.01  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description of Exhibit
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	DUOS TECHNOLOGIES GROUP, INC.
Dated: November 19, 2025	By:	/s/ Frank D. Recker
		Frank D. Recker President

FAQ

What executive leadership change did Duos Technologies Group (DUOT) announce?

Duos Technologies Group, Inc. announced that Adrian Goldfarb retired as Chief Financial Officer effective November 15, 2025, and that Leah Brown was appointed as the new Chief Financial Officer on the same date.

Will Adrian Goldfarb remain involved with Duos Technologies Group after retiring as CFO?

Yes. After retiring as CFO, Adrian Goldfarb will continue with the company as a strategic advisor, reporting to Chief Executive Officer Charles Ferry.

Who is Leah Brown, the new CFO of Duos Technologies Group (DUOT)?

Leah Brown has more than 30 years of industry experience, including 18 years in the transportation sector. She joined Duos as Controller in July 2022 and became Senior Vice President of Accounting in January 2025 before being appointed Chief Financial Officer.

What is the reported salary and compensation structure for Duos Technologies Groups new CFO?

The filing states that Leah Browns annual salary as Chief Financial Officer is $250,000, and she is eligible to participate in the same employee benefit plans provided to all company employees, without a separate employment agreement.

Are there any related-party or family relationships involving Duos Technologies Groups new CFO?

The company states there are no family relationships between Leah Brown and any director or executive officer of Duos Technologies Group or its subsidiaries, and no transactions involving her that require disclosure under Item 404(a) of Regulation S-K.

What are Leah Browns educational qualifications as disclosed by Duos Technologies Group?

Leah Brown holds a Bachelor of Business Administration with a concentration in Finance from Florida International University and a Master of Business Administration with a concentration in Finance from the University of North Florida.