Duos Technologies Group Inc.

06/09/2026 | Press release | Distributed by Public on 06/09/2026 04:02

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Duos Technologies Group, Inc. (the "Company") announced that, effective June 8, 2026, Leah Brown, the Company's Chief Financial Officer, resumed her previous position as Senior Vice President of Accounting. Also effective June 8, 2026, Adrian Goldfarb has been appointed Interim Chief Financial Officer. Mr. Goldfarb will lead a search committee to hire a permanent Chief Financial Officer and the Company expects to announce a replacement within 60 to 90 days.

Mr. Goldfarb has a long experience with the Company. Most recently, he has been Strategic Advisor to the Chief Executive Officer since November 2025. He also has been serving, since March 2026, as President of Duos Technologies, Inc., overseeing the operations and planned divestment of the Company's rail industry subsidiary. He was Chief Financial Officer of the Company from April 2024 to November 2025, as well as from 2015 to 2022. Mr. Goldfarb served as a Director from April 2010 to November 2020. Effective July 1, 2012, he was appointed as President and Chief Financial Officer of Information Systems Associates, Inc., which merged with Duos Technologies, Inc. in April 2015, upon which he agreed to continue serving the merged company, Duos Technologies Group, Inc., as Chief Financial Officer and Director. Mr. Goldfarb managed the Company's listing on the Nasdaq Capital Market in 2020. Prior to joining the Company, Mr. Goldfarb served as CFO for Ecosphere Technologies, overseeing growth from $0 to $24 million and profitability. Mr. Goldfarb was also Managing Director of WSI Europe, a division of the Weather Channel from 1998 until 2002. From 2002 to 2007, Mr. Goldfarb served as interim-CFO for MOWIS GmbH, a weather technology media start-up company which was successfully sold to a large European media group. Mr. Goldfarb's extensive business and financial experience includes 10 years at a subsidiary of Fujitsu where he served as Director of Operations for a new software venture. Mr. Goldfarb started his formal career at IBM and was given responsibility for an account team focused on Latin America and Southeast Asia.

Mr. Goldfarb also currently serves as non-Executive Chairman of GelStat Corporation, a public company engaged in the development, marketing and support of technology for industrial security applications. Mr. Goldfarb is a 40-year technology industry veteran including more than 30 years in information technology and 10 years in the media and communications industry.

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