Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 24, 2026, Duos Technologies Group, Inc. (the “Company”) named Christopher J. DeAlmeida as the Chief Financial Officer of the Company.…
Filed Aug 26, 2026Accepted Aug 26, 2026, 9:00 AM EDTCIK 1396536Accession 0001079973-26-001181
Duos Technologies, until recently, was our sole operating entity and is currently being led by our Chief Technology Officer. Its mission is to develop leading edge technologies as Duos has done since its inception. It consists of a dedicated team of developers focused on creating solutions for the transportation industry and has spent much of the past five years focused on building the premier offering for large rail operators. It has been successful in securing 11 patents that cover much of the “best in class” wayside technology offerings.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 24, 2026, Duos Technologies
Group, Inc. (the “Company”) named Christopher J. DeAlmeida as the Chief Financial Officer of the Company. Adrian Goldfarb,
who had been serving as Interim Chief Financial Officer since June 2026, will return to his prior position as Strategic Advisor to the
Chief Executive Officer of the Company.
Mr.
DeAlmeida is a strategic financial executive with over 20 years’ experience leading finance, operations and corporate development
for NYSE and NASDAQ-listed companies, private equity backed platforms and high-growth ventures. He served as President and Chief Financial
Officer of SaferMobility, an early stage SaaS company, and was a Financial Advisor to the Founder/CEO of Odilia Holdings, a multi-entity
DTC portfolio, from 2024 to 2026. Prior to that, from July 2022 to January 2024, he was the Chief Financial Officer of Wrap Technologies,
Inc., a NASDAQ-listed global public safety technology and services company. Previously, Mr. DeAlmeida was Chief Financial Officer of
Encore Drilling Partners, a private-equity backed marine infrastructure platform, from 2018 to 2022. From 2007 to 2018, he held
increasingly responsible positions, culminating as Chief Financial Officer, Treasurer and Executive Vice President, at Orion Group Holdings,
Inc., an NYSE-listed leading specialty construction company.
Mr. DeAlmeida currently does not have an
employment agreement with the Company. He is being paid an annual base salary of $350,000, 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. The Company will provide Mr. DeAlmeida with corporate housing in Jacksonville for 90 days and pay relocation
assistance of $12,000 net of taxes. 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 September 1, 2029.
There are no family relationships between Mr. DeAlmeida 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. DeAlmeida has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
The Company issued a press release on August
26, 2026 announcing Mr. DeAlmeida’s appointment. A copy of the press release is filed as Exhibit 99.1 to this Current Report
on Form 8-K.
