TEAM Inc. Reports Director Changes and Officer Compensation Updates
Ticker: TISI · Form: 8-K · Filed: Jan 10, 2025 · CIK: 318833
| Field | Detail |
|---|---|
| Company | Team Inc (TISI) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.30 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
Related Tickers: TISI
TL;DR
TEAM Inc. board shakeup and exec pay changes filed. Watch for new strategy.
AI Summary
On January 10, 2025, TEAM, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates a departure of directors or certain officers, the election of new directors, and updates to the compensatory arrangements for certain officers. Specific details regarding the individuals involved and the nature of the compensation changes are outlined within the report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company performance and strategy.
Key Numbers
- 001-08604 — Commission File Number (Identifies the company's filing with the SEC.)
- 74-1765729 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- TEAM, Inc. (company) — Registrant
- January 10, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of Incorporation
- 13131 Dairy Ashford, Suite 600 Sugar Land, Texas 77478 (address) — Principal Executive Offices
- 281-331-6154 (phone_number) — Registrant's telephone number
FAQ
Who are the directors departing from TEAM, Inc. as reported on January 10, 2025?
The filing indicates the departure of directors or certain officers, but specific names are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated January 10, 2025.
What is TEAM, Inc.'s principal executive office address?
The principal executive offices are located at 13131 Dairy Ashford, Suite 600, Sugar Land, Texas 77478.
What is the Commission File Number for TEAM, Inc.?
The Commission File Number for TEAM, Inc. is 001-08604.
What are the main items covered in this 8-K filing?
The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 486 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2025-01-10 16:34:54
Key Financial Figures
- $0.30 — ange on which registered Common Stock, $0.30 par value TISI New York Stock Exchange
Filing Documents
- tisi-20250108.htm (8-K) — 27KB
- 0000318833-25-000008.txt ( ) — 149KB
- tisi-20250108.xsd (EX-101.SCH) — 2KB
- tisi-20250108_lab.xml (EX-101.LAB) — 22KB
- tisi-20250108_pre.xml (EX-101.PRE) — 13KB
- tisi-20250108_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. The following exhibit is furnished as part of Item 5.02 of this Current Report on Form 8-K: Exhibit number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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/ Nelson M. Haight Nelson M. Haight Chief Financial Officer (Principal Financial Officer) Dated: January 10, 2025