Duos Technologies Group, Inc. (OTCMKTS:DUOT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Mr. Kenneth Ehrman

On January 29, 2019, the Board of Directors (the “Board”) of Duos Technologies Group, Inc., a Florida corporation (the “Company”), appointed Mr. Kenneth Ehrman as a member of the Board and will serve as Chairman of its Compensation Committee and Nominating Committee. Below is a description of Mr. Ehrman’s professional work experience.

Kenneth Ehrman, Age 49 Director and Chairman of the Compensation Committee and Nominating Committee

Mr. Kenneth Ehrman currently serves as an independent consultant to several high-technology companies in supply chain/logistics and transportation. Mr. Ehrman advises technology companies focused on solutions for these industries and joins the Company with a strong background in technology. As an innovator in intelligent machine-to-machine (“M2M”) wireless technology and industrial applications of the Internet of Things (“IoT”), Mr. Ehrman has been awarded more than 20 patents in wireless communications, mobile data, asset tracking, power management, cargo and impact sensing, and connected car technology. Mr. Ehrman previously served as Chief Executive Officer of I.D. Systems, Inc. (“IDS”), a company he founded in 1993 as a Stanford University engineering student, pioneering the commercial use of radio frequency identification (“RFID”) technology for industrial asset management. Under Mr. Ehrman’s leadership, IDS began trading on the NASDAQ in 1999 and was named one of North America’s fastest growing technology companies by Deloitte in 2005, 2006, and 2012. During his tenure at IDS, Mr. Ehrman received multiple awards, including Deloitte Entrepreneur of the Year and Ground Support Worldwide Engineer/Innovator Leader. He also served on the Board of Financial Services, Inc. from 2012-2016 before it was successfully sold to a large financial software company.

The Board believes that Mr. Ehrman’s management experience, engineering expertise and long history and familiarity with industries the Company currently operates in, makes him ideally qualified to help lead the Company towards continued growth.

Family Relationships

Mr. Ehrman does not have a family relationship with any of the current officers or directors of the Company.

Related Party Transactions

There are no related party transactions with regard to Mr. Ehrman reportable under Item 404(a) of Regulation S-K.

Compensatory Arrangements

In 2019, as an independent director of the Board, Mr. Ehrman is entitled to receive $15,000 per annum in compensation for his services. Additionally, in 2019 as Chairman of the Compensation Committee, Mr. Ehrman is entitled to receive an additional $5,000 per annum in compensation for his services.

On January 31, 2019, the Company issued a press release announcing the appointment of Mr. Ehrman as a member of the Board and Chairman of the Compensation Committee and Nominating Committee. A copy of the press release is filed to as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

* filed herewith

DUOS TECHNOLOGIES GROUP, INC. Exhibit
EX-99.1 2 duot_ex99z1.htm PRESS RELEASE Press Release   EXHIBIT 99.1 Duos Technologies Group Appoints Ken Ehrman to Its Board Company’s Board Strengthened with Experienced Public Company Executive JACKSONVILLE,…
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About Duos Technologies Group, Inc. (OTCMKTS:DUOT)

Duos Technologies Group, Inc. (Duos), formerly Information Systems Associates, Inc., is primarily engaged in the design and deployment of artificial intelligence driven intelligent technologies systems and information technology (IT) infrastructure services. The Company’s subsidiary, Duos Technologies, Inc. (duostech), is focused on the design, development and deployment of technology applications and turnkey engineered systems. It develops and deploys homeland and border security-centric critical infrastructure applications suite. It has two technology platforms: praesidium and centraco, both distributed as licensed software suites, and embedded within engineered turnkey systems. praesidium is a modular suite of analytics applications, which process and analyze data streams from conventional sensors and/or data points.