8-K filed January 7, 2022, 6:59 PM ET ticker TLSS CIK 0001463208

leadership confidence high sentiment neutral materiality 0.55

TLSS appoints Sebastian Giordano as CEO, President, and Chairman, James Giordano as CFO

Transportation & Logistics Systems, Inc.

Sebastian Giordano named CEO, President, and Chairman, replacing John Mercadante, who remains on the board.
Employment agreement through Dec 31, 2025; annual compensation $400,000 plus bonuses and up to 5% equity.
James Giordano appointed CFO and Treasurer, at will, with $250,000 annual compensation plus bonuses.
Sebastian Giordano previously CEO of Ascentaur and WPCS; James Giordano was CFO of Freight Connections.
Sebastian Giordano's prior consulting arrangement with TLSS terminated upon his employment.

item 5.02 item 9.01

Executive movements

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Appointed

Sebastian Giordano

Chief Executive Officer, President, and Chairman

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2022-01-04
Filed: January 7, 2022, 6:59 PM ET

On January 4, 2022, Transportation and Logistics Systems, Inc. (OTCQB:TLSS), (“TLSS” or the “Company”), a growing logistics service provider, retained the services of Mr. Sebastian Giordano (age 64) as Chief Executive Officer of the Company. In addition, Mr. Sebastian Giordano is appointed the Company’s President.

Appointed

James Giordano

Chief Financial Officer and Treasurer

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2022-01-03
Filed: January 7, 2022, 6:59 PM ET

On January, 3, 2022, the Company retained the services of Mr. James Giordano (age 52 and no relation to Mr. Sebastian Giordano) as Chief Financial Officer. In addition, Mr. James Giordano is appointed the Company’s Treasurer.

Departed

John Mercadante

Chief Financial Officer and Treasurer

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2022-01-03
Successor: James Giordano
Filed: January 7, 2022, 6:59 PM ET

Mr. James Giordano replaces Mr. Mercadante as Chief Financial Officer and Treasurer of the Company.

Departed

John Mercadante

Chief Executive Officer, President, and Chairman

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2022-01-04
Successor: Sebastian Giordano
Filed: January 7, 2022, 6:59 PM ET

Mr. Sebastian Giordano replaces Mr. John Mercadante as the Company’s Chief Executive Officer and President.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sebastian Giordano was appointed as Chief Executive Officer, President, and Chairman at Transportation & Logistics Systems, Inc..

Action: appointed
Role: Chief Executive Officer, President, and Chairman

Exact text from the filing

On January 4, 2022, Transportation and Logistics Systems, Inc. (OTCQB:TLSS), (“TLSS” or the “Company”), a growing logistics service provider, retained the services of Mr. Sebastian Giordano (age 64) as Chief Executive Officer of the Company. In addition, Mr. Sebastian Giordano is appointed the Company’s President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Giordano was appointed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On January, 3, 2022, the Company retained the services of Mr. James Giordano (age 52 and no relation to Mr. Sebastian Giordano) as Chief Financial Officer. In addition, Mr. James Giordano is appointed the Company’s Treasurer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Mercadante departed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..

Action: replaced
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Mr. James Giordano replaces Mr. Mercadante as Chief Financial Officer and Treasurer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Mercadante departed as Chief Executive Officer, President, and Chairman at Transportation & Logistics Systems, Inc..

Action: replaced
Role: Chief Executive Officer, President, and Chairman

Exact text from the filing

Mr. Sebastian Giordano replaces Mr. John Mercadante as the Company’s Chief Executive Officer and President.

View on SEC.gov

Transportation & Logistics Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-000622

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