8-K filed March 6, 2024, 6:59 PM ET ticker TLSS CIK 0001463208

leadership confidence high sentiment negative materiality 0.90

TLSS lays off CFO and Secretary due to cessation of operations and insolvency

Transportation & Logistics Systems, Inc.

CFO Marc Weiss and Secretary Tasrin Ahmed terminated Feb 29, 2024 due to cessation of all operations and insolvency.
Sebastian Giordano appointed CFO/Treasurer (also CEO) effective March 1; serving without pay.
John Mercadante appointed Secretary effective March 1.
Company has ceased all logistics/transportation operations and is insolvent, unable to meet obligations.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Sebastian Giordano

Chief Financial Officer

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2024-03-01
Filed: March 6, 2024, 6:59 PM ET

appointed Sebastian Giordano to the offices of Chief Financial Officer and Treasurer

Departed

Tasrin Ahmed

Secretary

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2024-02-29
Successor: John Mercadante
Filed: March 6, 2024, 6:59 PM ET

Director of Accounting/Finance and Secretary, Ms. Tasrin Ahmed

Appointed

John Mercadante

Secretary

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2024-03-01
Filed: March 6, 2024, 6:59 PM ET

John Mercadante to the office of Secretary

Departed

Marc Weiss

Chief Financial Officer and Treasurer

TLSS · Transportation & Logistics Systems, Inc.

Effective: 2024-02-29
Successor: Sebastian Giordano
Filed: March 6, 2024, 6:59 PM ET

laid-off its Chief Financial Officer and Treasurer, Mr. Marc Weiss

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 Financial Officer at Transportation & Logistics Systems, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

appointed Sebastian Giordano to the offices of Chief Financial Officer and Treasurer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tasrin Ahmed departed as Secretary at Transportation & Logistics Systems, Inc..

Action: laid off
Role: Secretary

Exact text from the filing

Director of Accounting/Finance and Secretary, Ms. Tasrin Ahmed

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Mercadante was appointed as Secretary at Transportation & Logistics Systems, Inc..

Action: appointed
Role: Secretary

Exact text from the filing

John Mercadante to the office of Secretary

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Weiss departed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..

Action: laid off
Role: Chief Financial Officer and Treasurer

Exact text from the filing

laid-off its Chief Financial Officer and Treasurer, Mr. Marc Weiss

View on SEC.gov

Transportation & Logistics Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-009021

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