<SEC-DOCUMENT>0001553350-17-000500.txt : 20170509
<SEC-HEADER>0001553350-17-000500.hdr.sgml : 20170509
<ACCEPTANCE-DATETIME>20170508174248
ACCESSION NUMBER:		0001553350-17-000500
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170503
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20170509
DATE AS OF CHANGE:		20170508

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DUOS TECHNOLOGIES GROUP, INC.
		CENTRAL INDEX KEY:			0001396536
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				650493217
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-55497
		FILM NUMBER:		17823679

	BUSINESS ADDRESS:	
		STREET 1:		6622 SOUTHPOINT DRIVE S
		STREET 2:		SUITE 310
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32216
		BUSINESS PHONE:		904-296-2807

	MAIL ADDRESS:	
		STREET 1:		6622 SOUTHPOINT DRIVE S
		STREET 2:		SUITE 310
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DUOS TECHNOLOGY GROUP, INC.
		DATE OF NAME CHANGE:	20150710

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFORMATION SYSTEMS ASSOCIATES, INC.
		DATE OF NAME CHANGE:	20070416
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>duot_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<TITLE>Current Report</TITLE>
<META NAME="author" CONTENT="Edgar">
<META NAME="date" CONTENT="05/08/2017">
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<P style="margin-top:0px; margin-bottom:8.867px">&nbsp;</P>
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<P style="margin:0px; font-size:12pt" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
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<P style="margin:0px; font-size:12pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
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<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
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<P style="margin:0px" align=center><B>Date of Report (Date of earliest event reported): &nbsp;May 3, 2017</B></P>
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<P style="margin:0px; font-size:16pt" align=center><B>Duos Technologies Group, Inc.</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Exact name of registrant as specified in its charter)</I></P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=208.133 /><TD width=207.933 /><TD width=207.933 /></TR>
<TR><TD style="margin-top:0px" valign=top width=208.133><P style="margin:0px" align=center><B>Florida</B></P>
</TD><TD style="margin-top:0px" valign=top width=207.933><P style="margin:0px" align=center><B>000-55497</B></P>
</TD><TD style="margin-top:0px" valign=top width=207.933><P style="margin:0px" align=center><B>65-0493217</B></P>
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<TR><TD style="margin-top:0px" valign=top width=208.133><P style="margin:0px; font-size:8pt" align=center><I>(State or Other Jurisdiction</I></P>
</TD><TD style="margin-top:0px" valign=top width=207.933><P style="margin:0px; font-size:8pt" align=center><I>(Commission</I></P>
</TD><TD style="margin-top:0px" valign=top width=207.933><P style="margin:0px; font-size:8pt" align=center><I>(I.R.S. Employer</I></P>
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<TR><TD style="margin-top:0px" valign=top width=208.133><P style="margin:0px; font-size:8pt" align=center><I>of Incorporation)</I></P>
</TD><TD style="margin-top:0px" valign=top width=207.933><P style="margin:0px; font-size:8pt" align=center><I>File Number)</I></P>
</TD><TD style="margin-top:0px" valign=top width=207.933><P style="margin:0px; font-size:8pt" align=center><I>Identification No.)</I></P>
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<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>6622 Southpoint Drive S., Suite 310, Jacksonville, Florida 32216</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Address of Principal Executive Office) (Zip Code)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>(904) 652-1601</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Registrant&#146;s telephone number, including area code)</I></P>
<P style="margin-top:8.867px; margin-bottom:0px" align=justify>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:</P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings" align=justify>&#168;<FONT style="font-family:Times New Roman"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings" align=justify>&#168;<FONT style="font-family:Times New Roman"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings" align=justify>&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; font-family:Wingdings" align=justify>&#168;<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style="line-height:6pt; margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.067 /><TD width=319.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.067><P style="margin:0px" align=justify>Emerging growth company &nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
</TD><TD style="margin-top:0px" valign=top width=319.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
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<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px" align=justify>If an emerging growth company, indicate by checkmark 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.&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
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<P style="margin:0px"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px"><FONT style="background-color:#FFFFFF"><I>Appointment of Mr. John E. Giles</I></FONT></P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">On May 3, 2017, the Board of Directors (the &#147;Board&#148;) of Duos Technologies Group, Inc., a Florida corporation (the &#147;Company&#148;) appointed Mr. John E. Giles as a member of the Board, Chairman of the Compensation Committee, Chairman of the Corporate Governance and Nominating Committee, and member of the Audit Committee. &nbsp;Below is a description of Mr. Giles&#146; professional work experience.</FONT></P>
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<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF"><I>John E. Giles, Age 67, Director, Chairman of the Corporate Governance and Nominating Committee, Chairman of the Compensation Committee, and Member of the Audit Committee</I></FONT></P>
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<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">Mr. John E. Giles currently serves as the President and Chief Executive Officer of Central Maine &amp; Quebec Railway (CMQ) and has an extensive record of experience over his 46 years of service in the railroad industry. Working his way up through the ranks, Mr. Giles began his career as a fireman and locomotive engineer at the Baltimore &amp; Ohio Railroad, before obtaining a BA in business administration from Marian College in 1972 and an MSBA from Indiana University in 1980. In 1999, after a successful career at CSX as Chief Marketing Officer and its predecessor companies, Mr. Giles began working with private equity firms to acquire and transform underperforming railroad companies. From 2007</FONT><FONT style="font-family:Cambria Math,Times New Roman; background-color:#FFFFFF"> to </FONT><FONT style="background-color:#FFFFFF">2012, Mr. Giles served as Chief Executive Officer of RailAmerica, which owned and operated 45 short line railroads in the United States and Canada. At RailAmerica, Mr. Giles transformed the company's record on safety, profitability and customer service. In 2014, Mr. Giles partnered with Fortress Investment Group to purchase the assets of Montreal, Maine &amp; Atlantic Railway. Mr. Giles and his team have dedicated themselves to retain existing and developing new business, while partnering with connecting carriers to optimize routes and improve pricing and service for CMQ customers. Since CMQ began operations in June of 2014, CMQ has been awarded the 2016 Regional Railroad of the Year by Railway Age Magazine and the 2015 Railway Association of Canada Safety Award.</FONT></P>
<P style="line-height:11.4pt; margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The Board believes that Mr. Giles&#146; extensive and directly applicable leadership experience within the railroad industry makes him ideally qualified to help lead the Company towards continued growth.</P>
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<P style="line-height:11.4pt; margin:0px"><FONT style="background-color:#FFFFFF"><I>Appointment of Blair Fonda</I></FONT></P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">On May 3, 2017, the Board appointed Mr. Blair Fonda as a member of the Board, Chairman of the Audit Committee, a member of the Corporate Governance and Nominating Committee, and a member of the Compensation Committee. </FONT></P>
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<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF"><I>Blair Fonda, Age 51, Director, Chairman of the Audit Committee, Member of the</I></FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF"><I>Corporate Governance and Nominating Committee, and Member of the Compensation Committee</I></FONT></P>
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<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">Since 2013, Mr. Blair Fonda has served as the Chief Financial Officer of Emergent Financial Partners (&#147;EFP&#148;). EFP is an accounting and consulting services firm which offers financial consulting services to businesses and organizations throughout the United States and the Caribbean Islands. From 2013 to 2016, Mr. Fonda was contracted through EFP to serve as the outside Chief Financial Officer of Mountainstar Capital Engagement, a private equity and commercial real estate company. From 2007 to 2013, Mr. Fonda served as the Vice President and Controller of the Hospitality Division of Gate Petroleum, an owner and operator of convenience stores, resorts, construction and real estate operations throughout the United States. Mr. Fonda has previously served as Controller for Enterprise Rent-a-Car. &nbsp;</FONT></P>
<P style="line-height:11.4pt; margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>The Board believes that Mr. Fonda&#146;s education and background qualify him as a financial expert. &nbsp;He has extensive and directly applicable accounting experience qualifying him to serve as Chairman of the Audit Committee.</P>
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<P style="margin-top:0px; margin-bottom:8.867px" align=center>2</P>
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<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF"><B>Family Relationships</B></FONT></P>
<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">&nbsp;</FONT></P>
<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">Mr. Giles and Mr. Fonda do not have a family relationship with any of the current officers or directors of the Company.</FONT></P>
<P style="line-height:11.4pt; margin:0px" align=justify><FONT style="background-color:#FFFFFF">&nbsp;</FONT></P>
<P style="line-height:11.4pt; margin:0px"><FONT style="background-color:#FFFFFF"><B>Related Party Transactions</B></FONT></P>
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<P style="line-height:11.4pt; margin:0px"><FONT style="background-color:#FFFFFF">There are no applicable related party transactions.</FONT></P>
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<P style="line-height:11.4pt; margin:0px"><FONT style="background-color:#FFFFFF"><B>Compensatory Arrangements</B></FONT></P>
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<P style="margin:0px" align=justify>In 2017 as independent directors of the Board, Mr. Giles and Mr. Fonda are each entitled to receive $15,000 per annum in compensation for their services. Additionally, in 2017 as Chairmen of Committees of the Board, Mr. Giles and Mr. Fonda are entitled to receive an additional $5,000 per annum in compensation for their services.</P>
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<P style="margin-top:0px; margin-bottom:8.867px" align=center>3</P>
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<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin-top:8.867px; margin-bottom:0px">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.</P>
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</TD><TD style="margin-top:0px" valign=top width=290.267 colspan=2><P style="margin:0px"><B>DUOS TECHNOLOGIES GROUP, INC.</B></P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=260.333><P style="margin:0px">&nbsp;&nbsp;</P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px">Dated: May 8, 2017</P>
</TD><TD style="margin-top:0px" valign=top width=29.933><P style="margin:0px">By:&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=260.333><P style="margin:0px">/s/&nbsp;<I>Gianni Arcaini</I></P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=29.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=260.333 rowspan=2><P style="margin:0px">Gianni Arcaini</P>
<P style="margin:0px">Chief Executive Officer</P>
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<P style="margin-top:0px; margin-bottom:8.867px" align=center>4</P>
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