---
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"
generated_at: "2026-06-05T02:33:52.495133+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009021
- JSON: https://secwatch.observer/filing/0001493152-24-009021.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009021.txt

## Key facts
- Executive change
  Sebastian Giordano was appointed as Chief Financial Officer at Transportation & Logistics Systems, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: appointed Sebastian Giordano to the offices of Chief Financial Officer and Treasurer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm
- Executive change
  Tasrin Ahmed departed as Secretary at Transportation & Logistics Systems, Inc..
  - Action: laid off
  - Role: Secretary
  source text: Director of Accounting/Finance and Secretary, Ms. Tasrin Ahmed
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm
- Executive change
  John Mercadante was appointed as Secretary at Transportation & Logistics Systems, Inc..
  - Action: appointed
  - Role: Secretary
  source text: John Mercadante to the office of Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm
- Executive change
  Marc Weiss departed as Chief Financial Officer and Treasurer at Transportation & Logistics Systems, Inc..
  - Action: laid off
  - Role: Chief Financial Officer and Treasurer
  source text: laid-off its Chief Financial Officer and Treasurer, Mr. Marc Weiss
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315224009021/0001493152-24-009021-index.htm

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