Duos Technologies (NASDAQ: DUOT) appoints $25B infrastructure portfolio manager as COO

Rhea-AI Filing Summary

Duos Technologies Group, Inc. (DUOT) appointed Dipan Patel as its Chief Operating Officer, effective August 14, 2026. Patel joined the company in June 2026 and brings experience leading digital infrastructure businesses across North America, Asia-Pacific and Europe, including managing a $25 billion digital infrastructure portfolio at Telstra InfraCo.

His compensation includes an annual base salary of $375,000 and eligibility for a performance-based bonus of up to 80% of base salary. He also received 200,000 restricted shares of common stock under the 2021 Equity Incentive Plan, subject to a three-year cliff vesting schedule, vesting on July 1, 2029. The company states there are no family relationships or related-party transactions requiring disclosure.

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.

Key Figures

Base salary: $375,000 per year Bonus opportunity: 80% of base salary Restricted shares granted: 200,000 shares +4 more

7 metrics

Base salary $375,000 per year Annual base salary for Chief Operating Officer Dipan Patel

Bonus opportunity 80% of base salary Maximum potential performance-based bonus for COO

Restricted shares granted 200,000 shares Restricted shares of common stock granted to COO under 2021 Equity Incentive Plan

Vesting date July 1, 2029 Cliff vesting date for 200,000 restricted shares

Cliff vesting period 3 years Restricted shares subject to three-year cliff vesting period

Digital infrastructure portfolio size $25 billion Size of digital infrastructure portfolio Patel directed at Telstra InfraCo

Patents granted 14 Number of patents granted to Dipan Patel

Key Terms

cliff vesting, restricted shares of common stock, 2021 Equity Incentive Plan, Emerging growth company, +1 more

5 terms

cliff vesting financial

"The shares are subject to a three-year cliff vesting period and will vest"

restricted shares of common stock financial

"He was also granted 200,000 restricted shares of common stock under"

Restricted shares of common stock are company shares that cannot be sold or transferred until specific conditions are met, such as a set time period, performance targets, or regulatory approvals; they are often granted to founders, employees or early investors. They matter to investors because when the restrictions lift those shares can enter the market and increase the supply, potentially diluting existing holders and changing the stock’s price, similar to a locked faucet being opened and more water joining the flow.

2021 Equity Incentive Plan financial

"restricted shares of common stock under the Company’s 2021 Equity Incentive Plan"

Emerging growth company regulatory

"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Inline XBRL technical

"Cover Page Interactive Data File (formatted as Inline XBRL and contained"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

What executive change did DUOT announce on August 14, 2026?

Duos Technologies Group, Inc. (DUOT) named Dipan Patel as its Chief Operating Officer. He joined in June 2026 and brings extensive digital infrastructure leadership experience from Telstra InfraCo, SBA Communications, Cox Communications, and Accenture.

What is the new COO’s compensation at DUOT?

Dipan Patel will receive an annual base salary of $375,000 and a potential bonus of up to 80% of base salary. The bonus depends on company and individual performance metrics set by the Board and the CEO.

What equity award did DUOT grant to COO Dipan Patel?

Duos granted Patel 200,000 restricted shares of common stock under its 2021 Equity Incentive Plan. These shares are subject to a three-year cliff vesting period and will fully vest on July 1, 2029, if conditions are met.

Does the new DUOT COO have an employment agreement?

The company reports that Dipan Patel currently does not have an employment agreement with Duos. His compensation and bonus eligibility are defined, but no separate employment contract is in place as of this disclosure.

Are there any related-party relationships between DUOT’s new COO and the company?

Duos states there are no family relationships between Dipan Patel and any director or executive officer. It also reports no transactions involving Patel that require disclosure under Item 404(a) of Regulation S-K.

What is notable about DUOT COO Dipan Patel’s background?

Patel previously directed a $25 billion digital infrastructure portfolio at Telstra InfraCo and held senior roles at SBA Communications and Cox Communications. He also earned a PhD in Intelligent and Interactive Systems and has been granted 14 patents.

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Understanding 8-K Material Events →

Available on EDGAR 08/18/2026 - 04:16 PM Accepted by SEC EDGAR 08/18/2026 - 04:15 PM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

——————

FORM 8-K

——————

CURRENT REPORT

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

Date of Report (Date of earliest event reported): August 14, 2026

——————

Duos Technologies Group, Inc.

(Exact name of registrant as specified in its charter)

——————

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

6551 Gate Parkway, 4th Floor, 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 August 14, 2026, Duos Technologies Group, Inc. (the “Company”) named Dipan Patel as the Chief Operating Officer of the Company. Mr. Patel has deep experience scaling businesses across data centers, fiber, power and edge networks across North America, Asia and the Pacific and Europe. Mr. Patel joined the Company in June 2026. He served as Executive, Digital Infrastructure Solutions, with Telstra InfraCo in Melbourne Australia, directing their $25 billion digital infrastructure portfolio, from 2024 to 2026. Prior to that, from 2019 to 2026, Mr. Patel was the Executive Vice President, Strategy, Technology and New Business Initiatives for SBA Communications Corporation, a leading independent owner and operator of wireless communications infrastructure. Prior to joining SBA, Mr. Patel served as Vice President, New Growth & Development at Cox Communications, a national cable television and broadband services provider, where he joined in May 2012 as Executive Director. Prior to Cox Communications, Mr. Patel served as a Partner in the Communications, Media and Technology practice at Accenture plc, a global management consulting and professional services firm, from December 2003 to May 2012. He also received a PhD in Intelligent and Interactive Systems from the University of London and has been granted 14 patents.

Mr. Patel currently does not have an employment agreement with the Company. He is being paid an annual base salary of $375,000, with a potential bonus of up to 80% of the base salary based on achievement of Company and individual performance metrics as set by the Board of Directors and the Chief Executive Officer. He was also granted 200,000 restricted shares of common stock under the Company’s 2021 Equity Incentive Plan. The shares are subject to a three-year cliff vesting period and will vest on July 1, 2029.

There are no family relationships between Mr. Patel and any director or executive officer of the Company or its subsidiaries.  There also are no transactions to which the Company is or was a participant in which Mr. Patel 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: August 18, 2026	By:	/s/ F. Douglas Recker
		F. Douglas Recker Chief Executive Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB