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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 Holders.

On July 31, 2019, Duos Technologies Group, Inc. (the “Company”) held its 2019 annual meeting of stockholders (the “Annual Meeting”). Greater than 82% of the shares of common stock outstanding and entitled to vote at the Annual Meeting were present in person or by proxy thereby constituting a quorum.

 

The matters that were voted upon at the Annual Meeting, and the number of votes cast for or against/withheld, as well as the number of abstentions, as to such matters, where applicable, are set forth in the table below. With respect to the election of Gianni B. Arcaini, Adrian G. Goldfarb, Blair Fonda and Kenneth Ehrman as directors to each serve as directors on the Board until the next annual meeting or until each of their successors is elected and qualified, each nominee received the number of votes set forth opposite his name.

 

 

On the basis of the above votes, (i) Gianni B. Arcaini, Adrian G. Goldfarb, Blair Fonda and Kenneth Ehrman were elected as members of the Board, (ii) the proposal to ratify the selection of Salberg, as the Company’s independent registered public accountant to audit its consolidated financial statements for Salberg & Company, P.A was adopted, (iii) the proposal granting of discretionary authority to the Board, at any time or times for a period of up to twelve months from the date of the Annual Meeting, to adopt an amendment to the Company’s Articles of Incorporation, to effect a Reverse Stock Split at a ratio up to 1 for 20, with such ratio to be determined by the Board, or conversely, to determine not to proceed with the Reverse Stock Split was adopted, (iv) the compensation of the Company’s Named Executive Officers was approved in a non-binding advisory vote, (v) it was determined in a non-binding advisory vote, the desired frequency of future non-binding advisory votes on the compensation of our Named Executive Officers shall be every year, and (vi) an amendment increasing the number of shares issuable under the 2016 Equity Incentive Plan to 4,500,000 shares 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.

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This post first appeared on SEC Filings – Market Exclusive