DUOS Technologies Announces CEO Transition and Amends Former CEO's Equity Award

summarizeSummary

Duos Technologies Group appointed Douglas Recker as its new CEO, following Charles Ferry's resignation, and significantly reduced Ferry's restricted stock award while he remains a director.

check_boxKey Events

• New CEO Appointed

  Douglas Recker was appointed Chief Executive Officer and President, effective April 1, 2026.

• Former CEO Resigns but Remains Director

  Charles Ferry resigned as Chief Executive Officer but will continue to serve as a Director of the Company.

• Former CEO's Equity Award Reduced

  Mr. Ferry's restricted stock award was reduced from 552,889 shares to 261,445 shares, representing a reduction of 291,444 shares valued at approximately $1.97 million.

• Continued Role in Affiliate

  Mr. Ferry will also continue as Chief Executive Officer of New APR Energy, LLC, in which Duos Technologies Group holds a 5% equity interest.

auto_awesomeAnalysis

This 8-K details a significant leadership transition at Duos Technologies Group, with Douglas Recker taking over as CEO. While former CEO Charles Ferry has stepped down from the executive role, his continued presence on the board provides some continuity. The material reduction in his restricted stock award, valued at approximately $1.97 million, is a notable adjustment to his compensation package following his role change. Investors should monitor the company's strategic direction under the new leadership.