{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-000622","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2022-01-07T23:59:59+00:00","discovered_at":"2026-05-14T18:04:06.557225+00:00","generated_at":"2026-06-27T19:49:58.191823+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"TLSS appoints Sebastian Giordano as CEO, President, and Chairman, James Giordano as CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-000622","json":"https://secwatch.observer/filing/0001493152-22-000622.json","markdown":"https://secwatch.observer/filing/0001493152-22-000622.md","text":"https://secwatch.observer/filing/0001493152-22-000622.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222000622/0001493152-22-000622-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222000622/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T19:49:58.191823+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05c50dca72","claim":"Sebastian Giordano was appointed as Chief Executive Officer, President, and Chairman at Transportation & Logistics Systems, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222000622/0001493152-22-000622-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer, President, and Chairman"}],"fact_type":"executive_change"},{"claim_id":"4609ada49d","claim":"James Giordano was appointed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222000622/0001493152-22-000622-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"},{"claim_id":"4f510adfda","claim":"John Mercadante departed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..","evidence_excerpt":"Mr. James Giordano replaces Mr. Mercadante as Chief Financial Officer and Treasurer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222000622/0001493152-22-000622-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"replaced"},{"label":"Role","value":"Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"},{"claim_id":"783bd212a1","claim":"John Mercadante departed as Chief Executive Officer, President, and Chairman at Transportation & Logistics Systems, Inc..","evidence_excerpt":"Mr. Sebastian Giordano replaces Mr. John Mercadante as the Company’s Chief Executive Officer and President.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222000622/0001493152-22-000622-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"replaced"},{"label":"Role","value":"Chief Executive Officer, President, and Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}