---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-018775"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2022-07-07T23:59:59+00:00"
generated_at: "2026-06-24T19:24:09.870605+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# TLSS formalizes CFO James Giordano employment through Dec 2025 with $250K base salary

## Summary
- James Giordano appointed CFO under 2.5-year term ending Dec 31, 2025; base salary $250,000/year.
- 2022 bonus up to $125,000 tied to milestones: NASDAQ uplist, $100M revenue, positive EBITDA, $125M market cap, $10M capital raise.
- Agreement converts prior letter agreement; includes non-compete for 2 years post-termination.
- Severance: if terminated without cause, 12 months base salary continuation and accelerated equity vesting.
- Change of control triggers lump sum of greater of remaining salary or 2 years base plus average bonuses.

## SEC filing metadata
- accession: 0001493152-22-018775
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2022-07-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315222018775/0001493152-22-018775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315222018775/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-018775
- JSON: https://secwatch.observer/filing/0001493152-22-018775.json
- Plain text: https://secwatch.observer/filing/0001493152-22-018775.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.