Duos Technologies Group, Inc. filed a Form 8-K on August 18, 2026, disclosing the appointment of Dipan Patel as Chief Operating Officer, effective August 14, 2026, along with details of his compensation and background.

Key Highlights

  • New COO appointed: Dipan Patel was named Chief Operating Officer of Duos Technologies Group on August 14, 2026.
  • Annual base salary: Patel will receive a base salary of $375,000, with a potential bonus of up to 80% of base salary.
  • Equity grant: Patel was granted 200,000 restricted shares of common stock under the Company's 2021 Equity Incentive Plan.
  • Vesting schedule: The restricted shares are subject to a three-year cliff vesting period and will vest on July 1, 2029.
  • Prior role: Patel most recently served as Executive, Digital Infrastructure Solutions, with Telstra InfraCo in Melbourne, Australia, directing a $25 billion digital infrastructure portfolio from 2024 to 2026.
  • No employment agreement: According to the filing, Patel currently does not have an employment agreement with the Company.

Dipan Patel's Background and Compensation at Duos Technologies

According to the filing, Patel joined Duos Technologies Group in June 2026 and was formally named COO on August 14, 2026. The Company, listed on NASDAQ:DUOT, disclosed his appointment under Item 5.02, covering the appointment of certain officers. The filing states that Patel holds a PhD in Intelligent and Interactive Systems from the University of London and has been granted 14 patents.

The filing outlines Patel's professional history in detail. From 2024 to 2026, he served as Executive, Digital Infrastructure Solutions, at Telstra InfraCo in Melbourne, Australia, where he directed the company's $25 billion digital infrastructure portfolio. From 2019 to 2026, he held the role of Executive Vice President, Strategy, Technology and New Business Initiatives, at SBA Communications Corporation, described in the filing as "a leading independent owner and operator of wireless communications infrastructure." Before that, he served at Cox Communications starting in May 2012 as Executive Director, later becoming Vice President, New Growth and Development. Prior to Cox, he was a Partner in the Communications, Media and Technology practice at Accenture plc from December 2003 to May 2012.

On compensation, the filing states that Patel's annual base salary is $375,000, with a potential bonus of up to 80% of base salary based on achievement of Company and individual performance metrics as set by the Board of Directors and the Chief Executive Officer. The 200,000 restricted shares granted under the 2021 Equity Incentive Plan are subject to a three-year cliff vesting period, vesting on July 1, 2029. The filing also states there are no family relationships between Patel and any director or executive officer of the Company or its subsidiaries, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

What Was Disclosed

Duos Technologies Group disclosed the appointment of Dipan Patel as Chief Operating Officer on August 14, 2026, along with his compensation terms, including a $375,000 base salary, a bonus opportunity of up to 80% of base salary, and a grant of 200,000 restricted shares vesting July 1, 2029.