leadership
confidence high
sentiment neutral
materiality 0.50
Duos CEO Recker (base $650k) and COO Patel ($375k) finalize employment agreements
DUOS TECHNOLOGIES GROUP, INC.
- CEO Recker agreement effective Apr 1 2026, 3-yr term; base $650k, target bonus 125% (max 200%).
- Bonus scorecard: 60% revenue (targets $54M/108M/216M for FY26-28) and 40% EBITDA margin (10%/20%/30%).
- Recker equity: 400k existing shares plus 880k new in two tranches; change of control accelerates all.
- COO Patel agreement effective Jun 15 2026, 3-yr term; base $375k, target bonus 80%, 200k restricted shares cliff vesting Jun 30 2029.
- Severance: without cause = 1x base+bonus, COBRA 12mo; on change of control 1.5x, COBRA 18mo.