TEAM Inc. Reports on Shareholder Votes

TL;DR

TEAM Inc. held a shareholder vote on May 22nd, details filed today.

AI Summary

TEAM, Inc. filed an 8-K on May 24, 2024, reporting on matters submitted to a vote of security holders on May 22, 2024. The filing details the company's principal executive offices located at 13131 Dairy Ashford, Suite 600, Sugar Land, Texas.

Why It Matters

This filing informs investors about important decisions made during a shareholder meeting, which could impact the company's governance and future direction.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a shareholder vote and does not contain new financial or operational risks.

Key Players & Entities

• TEAM, Inc. (company) — Registrant
• May 22, 2024 (date) — Date of earliest event reported
• May 24, 2024 (date) — Date of report
• 13131 Dairy Ashford, Suite 600, Sugar Land, Texas (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.30 — ange on which registered Common Stock, $0.30 par value TISI New York Stock Exchange

Filing Documents

• tisi-20240522.htm (8-K) — 44KB
• 0000318833-24-000042.txt ( ) — 169KB
• tisi-20240522.xsd (EX-101.SCH) — 2KB
• tisi-20240522_lab.xml (EX-101.LAB) — 22KB
• tisi-20240522_pre.xml (EX-101.PRE) — 13KB
• tisi-20240522_htm.xml (XML) — 3KB

07

Item 5.07 Submission of Matters to a Vote of Security Holders. Team, Inc. (the "Company") held its 2024 Annual Meeting of Shareholders on May 22, 2024 (the "Annual Meeting") where the Company's shareholders considered four proposals, each of which is described in more detail in the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 10, 2024. At the Annual Meeting, the nominees for election as directors set forth in Proposal One were each re-elected and Proposals Two through Four were each approved. The matters voted upon at the Annual Meeting and the results of the votes were as follows: Proposal One: Election of Directors The Company's shareholders elected three Class II directors to the Board of Directors of the Company (the "Board") to each serve for a three-year term expiring at the 2027 Annual Meeting of Shareholders or until their successors are duly elected and qualified. Nominee Votes For Withheld Broker Non-Vote Michael J. Caliel 2,183,548 88,017 541,950 Pamela J. McGinnis 2,186,743 84,822 541,950 Edward J. Stenger 2,159,454 112,111 541,950 Proposal Two: Advisory Vote on Named Executive Officer Compensation The Company's shareholders approved, on an advisory basis, named executive officer compensation for fiscal year 2024. Votes For Votes Against Abstentions Broker Non-Vote 2,117,810 102,550 51,205 541,950 Proposal Three: Approval of the second amendment and restatement of the Team, Inc. 2018 Equity Incentive Plan The Company's shareholders approved the second amendment and restatement of the Team, Inc. 2018 Equity Incentive Plan. Votes For Votes Against Abstentions Broker Non-Vote 2,115,657 105,633 50,275 541,950 Proposal Four: Ratification of the Appointment of KPMG LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year ending December 31, 2024 The Company's shareholders ratified the appointment of KPMG LLP as the Company's

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TEAM, Inc. By: /s/ Andr C. Bouchard Andr C. Bouchard Executive Vice President, Administration, Chief Legal Officer and Secretary Dated: May 24, 2024

View Full Filing

View this 8-K filing on SEC EDGAR