Duos Technologies Files Proxy Statement

TL;DR

DUOS proxy statement filed, shareholders vote soon.

AI Summary

Duos Technologies Group, Inc. filed a Definitive Proxy Statement (DEF 14A) on August 16, 2024, for the fiscal year ending September 30, 2024. The filing, which requires no fee, pertains to the company's annual shareholder meeting and related corporate governance matters. The company is incorporated in Florida and headquartered in Jacksonville.

Why It Matters

This filing provides shareholders with essential information regarding the company's governance, executive compensation, and voting matters, enabling informed participation in the annual meeting.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new financial information or significant corporate events.

Key Players & Entities

• DUOS TECHNOLOGIES GROUP, INC. (company) — Registrant
• 0001396536 (company) — Central Index Key
• 7660 CENTURION PARKWAY (company) — Business Address
• JACKSONVILLE (company) — Business City
• FL (company) — Business State
• 32256 (company) — Business Zip Code
• 904-296-2807 (company) — Business Phone

FAQ

Key Financial Figures

• $0.001 — Convertible Preferred Stock, par value $0.001 per share (the “Series E Preferre

Filing Documents

• duos_def14a.htm (DEF 14A) — 675KB
• image_001.jpg (GRAPHIC) — 12KB
• image_005.jpg (GRAPHIC) — 132KB
• image_006.jpg (GRAPHIC) — 119KB
• 0001079973-24-001273.txt ( ) — 1038KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 6 ELECTION OF DIRECTORS (Proposal No. 1) 8 CORPORATE GOVERNANCE 11 Board of Directors 11 Board Composition and Director Independence 11 Board Meetings and Attendance 11 Shareholder Communications with Board 11 Board Committees 11 Family Relationships 13 Involvement in Certain Legal Proceedings 13 Compliance with Section 16(a) of the Exchange Act 14 Code of Ethics 14 DIRECTORS COMPENSATION 14

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 15 Compensation-Setting Process/Role of Our Compensation Committee 15 Base Salary 15 Summary Compensation Table 16 Outstanding Equity Awards at December 31, 2023 17 Pay versus Performance 18 Employment Agreements 19 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 20 AUDIT COMMITTEE REPORT 21 ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (Proposal No. 2) 22 SECURITIES ISSUANCE PROPOSAL (Proposal No. 3) 23 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Proposal No. 4) 26 TO APPROVE AN AMENDMENT INCREASING THE NUMBER OF SHARES ISSUABLE UNDER THE 2021 EQUITY INCENTIVE PLAN FROM 1,000,000 TO THE GREATER OF 2,500,000 OR A NUMBER OF SHARES BASED ON A FORMULA TIED TO THE COMPANY’S FULLY-DILUTED COMMON EQUIVALENT SHARE CAPITALIZATION (EXCLUDING WARRANTS AND OPTIONS) (Proposal No. 5) 27 ADJOURNMENT OF THE ANNUAL MEETING IF NECESSARY TO PERMIT FURTHER SOLICITATION OF PROXIES (Proposal No. 6) 32 FUTURE SHAREHOLDER PROPOSALS 33 AVAILABILITY OF ANNUAL REPORT ON FORM 10-K AND HOUSEKEEPING 34

FINANCIAL STATEMENTS AND EXHIBITS TO FORM 10-K

FINANCIAL STATEMENTS AND EXHIBITS TO FORM 10-K 34 OTHER BUSINESS 34 ADDITIONAL INFORMATION 34 DUOS TECHNOLOGIES GROUP, INC. 7660 Centurion Parkway, Suite 100 Jacksonville, Florida 32256 (904) 296-2807 PROXY ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON September 30, 2024 GENERAL INFORMATION ABOUT THE PROXY General This Proxy Statement is being furnished to the shareholders of Duos Technologies Group, Inc. (together with its subsidiaries, the “Company”, “Duos”, “we”, “us” or “our”) in connection with the solicitation of proxies by our Board of Directors (the “Board of Directors” or the “Board”) for use at the Annual Meeting of Shareholders to be held on September 30, 2024 at 11:00 A.M., Eastern Time, in person at the Company's headquarters at 7660 Centurion Parkway, Suite 100, Jacksonville, Florida 32256, and at any and all adjournments or postponements thereof (the “Annual Meeting”), for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. Accompanying this Proxy Statement is a proxy/voting instruction form (the “Proxy”) for the Annual Meeting, which you may use to indicate your vote as to the proposals described in this Proxy Statement. This Proxy Statement and the accompanying form of proxy will be distributed to shareholders, and will be available for viewing, downloading and printing by shareholders at www.ProxyVote.com, on or about August 20, 2024. The Company will solicit proxies from the Company's shareholders by the Internet or mail through its regular employees and will request banks and brokers and other custodians, nominees and fiduciaries to solicit proxies from their customers who have stock of the Company registered in the names of such persons and will reimburse them for reasonable, out-of-pocket costs. In addition, the Company may use the service

View Full Filing

View this DEF 14A filing on SEC EDGAR