Current Report Filing (8-k)
May 22 2019 - 4:34PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): May 20, 2019
Transportation
and Logistics Systems, Inc.
(Exact
name of registrant as specified in its charter)
Nevada
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001-34970
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26-3106763
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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2833
Exchange Court, Suite A
West
Palm Beach, Florida 33409
(Address
of Principal Executive Offices)
(561)
672-7068
(Issuer’s
telephone number)
PetroTerra
Corp.
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
May 20, 2019, the Board of Directors (the “
Board
”) of Transportation and Logistics Systems, Inc. (the “
Company
”),
appointed Wayne Moor as Vice President and Chief Financial Officer of the Company and Michael Grennan as Vice President and Treasurer
of the Company, effective immediately upon the filing of the Company’s quarterly report on Form 10-Q for the quarter ended
March 31, 2019. In addition, the Board appointed Mr. Moor to serve as a director on the Board effective immediately upon the filing
of the Form 10-Q. Summaries of Mr. Moor’s and Mr. Grennan’s background and experience appear below:
Wayne
Moor –
Director, Vice President and Chief Financial Officer
Wayne
Moor, age 67, has extensive experience as an executive officer in a variety of publicly and privately held companies.
Wayne’s employment over the past ten years includes serving as managing director of Corporate Forensics, a
consulting firm that provides detailed financial analysis and the set-up and operation of financial reporting systems for
clients in the rental car, hospitality, medical and real estate industries. Wayne was also an executive officer at
Corepointe. At several businesses during his career Wayne has organized and structured the accounting and reporting functions
and systems at development stage companies in order to set the foundation to support revenue growth and operation expansion.
Wayne has also been instrumental in supporting the successful capital raising efforts of several development stage
companies.
Michael
Grennan –
Vice President and Treasurer
Mike
Grennan, age 52, has extensive experience in the treasury, controller and chief financial officer functions, including
the successful facilitation of company-wide changes in culture and processes to improve productivity. Mike was treasurer at Corepointe
and worked with Wayne Moor in creating the entire accounting structure, and the reporting and forecasting financial management
systems. Mike has extensive experience in the preparation and completion of interim and audited financial statement reports for
publicly held companies.
There
are no familial relationships between Wayne Moor, Michael Grennan and any director or other executive officer of the Company
nor are there any transactions between Wayne Moor, Michael Grennan or any member of their immediate families and the Company or
any of its subsidiaries that would be reportable as a related party transaction under the rules of the Securities and Exchange
Commission. Further, there is no arrangement or understanding between Wayne Moor, Michael Grennan and any other persons or entities
pursuant to which Wayne Moor and Michael Grennan were appointed as directors or officers, as applicable, of the Company.
A
copy of the Company’s press release announcing the appointments of Wayne Moor and Michael Grennan is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated:
May 22, 2019
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TRANSPORTATION
AND LOGISTICS SYSTEMS, INC.
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By:
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/s/
John Mercadante
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Name:
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John
Mercadante
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Title:
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Chief
Executive Officer
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