{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-009021","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.246233+00:00","generated_at":"2026-06-05T02:33:52.495133+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"TLSS lays off CFO and Secretary due to cessation of operations and insolvency","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-009021","json":"https://secwatch.observer/filing/0001493152-24-009021.json","markdown":"https://secwatch.observer/filing/0001493152-24-009021.md","text":"https://secwatch.observer/filing/0001493152-24-009021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:33:52.495133+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":"2674f127ca","claim":"Sebastian Giordano was appointed as Chief Financial Officer at Transportation & Logistics Systems, Inc..","evidence_excerpt":"appointed Sebastian Giordano to the offices of Chief Financial Officer and Treasurer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"9df0c07759","claim":"Tasrin Ahmed departed as Secretary at Transportation & Logistics Systems, Inc..","evidence_excerpt":"Director of Accounting/Finance and Secretary, Ms. Tasrin Ahmed","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"laid off"},{"label":"Role","value":"Secretary"}],"fact_type":"executive_change"},{"claim_id":"dc6871bfb3","claim":"John Mercadante was appointed as Secretary at Transportation & Logistics Systems, Inc..","evidence_excerpt":"John Mercadante to the office of Secretary","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Secretary"}],"fact_type":"executive_change"},{"claim_id":"f152329f73","claim":"Marc Weiss departed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..","evidence_excerpt":"laid-off its Chief Financial Officer and Treasurer, Mr. Marc Weiss","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"laid off"},{"label":"Role","value":"Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}