---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-012569"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:49:34.740684+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TLSS borrows $50K, awards 4,775 Series J shares; CEO Giordano termination now Nov 30

## Summary
- Entered $50,000 unsecured promissory note with C/M Capital Master Fund at 10% interest, due in 6 months, for compliance costs.
- Granted 4,775 shares of Series J Senior Convertible Preferred Stock to CEO and other grantees for past and future services.
- CEO Sebastian Giordano submitted termination notice Aug 26 for nonpayment; termination extended to Nov 30, 2025, compensation continues accruing.

## SEC filing metadata
- accession: 0001493152-25-012569
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315225012569/0001493152-25-012569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315225012569/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-012569
- JSON: https://secwatch.observer/filing/0001493152-25-012569.json
- Plain text: https://secwatch.observer/filing/0001493152-25-012569.txt

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