Duos Technologies Group, Inc. (OTCMKTS:DUOT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
Submission of Matters to a Vote of Security |
On February 23, 2017, Duos Technologies Group, Inc. (the Company)
held a special meeting of stockholders (the Special Meeting).
Greater than fifty percent (50%) of the shares of common stock
outstanding and entitled to vote at the Special Meeting were
present in person or by proxy thereby constituting a quorum.
The matters voted upon at the Special Meeting, and the number of
votes cast for or against/withheld, as well as the number of
abstentions and broker non-votes, as to such matters, where
applicable are set forth in the table below.
Proposal 1: To approve the amendment to the
Companys Articles of Incorporation to effect a reverse stock
split of the Companys issued and outstanding common stock at an
exchange ratio of between, and including, 1-for-5 and 1-for-500,
with the exact ratio to be determined by the board of directors
of the Company in its discretion.
Votes For |
Votes Against/Withheld |
Abstentions |
Broker Non-Votes |
|||
39,507,141 |
66,303 |
|
|
On the basis of the above votes at the Special Meeting, Proposal
1 was adopted.
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. Duos Technologies Group, Inc. (OTCMKTS:DUOT) Recent Trading Information
Duos Technologies Group, Inc. (OTCMKTS:DUOT) closed its last trading session up +0.0070 at 0.0500 with 90,600 shares trading hands.