Team, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Team, Inc. is holding its 2024 Annual Meeting of Shareholders on May 22, 2024, and is providing proxy materials for voting.</b>

AI Summary

TEAM INC (TISI) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. The 2024 Annual Meeting of Shareholders for Team, Inc. will be held on May 22, 2024, at 3:00 p.m. Central Time. The meeting will take place at the company's headquarters located at 13131 Dairy Ashford, Suite 600, Sugar Land, Texas 77478. Shareholders are encouraged to review the company's Annual Report on Form 10-K for the year ended December 31, 2023. Proxy materials, including the Proxy Statement and Annual Report, are available on the company's website at www.teaminc.com/proxy2024. Shareholders can vote by proxy via mail, internet, or telephone, or in person at the meeting.

Why It Matters

For investors and stakeholders tracking TEAM INC, this filing contains several important signals. This filing is a definitive proxy statement, indicating that the company is formally soliciting shareholder votes for matters to be discussed at the annual meeting. The availability of the 2023 Annual Report on Form 10-K alongside the proxy statement provides shareholders with comprehensive financial and operational information to inform their voting decisions.

Risk Assessment

Risk Level: low — TEAM INC shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or strategic shifts that would inherently increase risk.

Analyst Insight

Shareholders should review the proxy statement and accompanying annual report to understand the proposals and make informed voting decisions for the upcoming annual meeting.

Key Numbers

• 2024 — Annual Meeting Year (2024 Annual Meeting of Shareholders)
• May 22 — Meeting Date (Date of Annual Meeting)
• 3:00 p.m. Central Time — Meeting Time (Time of Annual Meeting)
• 2023 — Fiscal Year End (Annual Report for year ended December 31, 2023)

Key Players & Entities

• Team, Inc. (company) — Registrant
• May 22, 2024 (date) — Date of Annual Meeting
• December 31, 2023 (date) — Fiscal Year End
• 13131 Dairy Ashford, Suite 600, Sugar Land, Texas 77478 (location) — Company Headquarters
• Securities Exchange Act of 1934 (regulation) — Governing Act for Proxy Statement

FAQ

Industry Context

Team, Inc. operates in the services sector, specifically focusing on repair services. This filing is a standard proxy statement for its annual shareholder meeting.

Regulatory Implications

This filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the Proxy Statement and the 2023 Annual Report on Form 10-K.
2. Vote on the proposals presented at the 2024 Annual Meeting of Shareholders.
3. Ensure proxy voting is completed by mail, internet, or telephone before the meeting, or attend in person.

Key Dates

• 2024-05-22: 2024 Annual Meeting of Shareholders — Shareholders will vote on company matters.
• 2024-04-10: Filing Date — Definitive Proxy Statement filed with the SEC.

Year-Over-Year Comparison

This is the initial filing of the definitive proxy statement for the 2024 Annual Meeting of Shareholders.

Key Financial Figures

• $0.30 — f record of our common stock, par value $0.30 per share ("Common Stock"), as of the c
• $12,000 — eorgeson LLC will be paid approximately $12,000 for their solicitation services plus ex

Filing Documents

• teaminc2024definitiveproxy.htm (DEF 14A) — 966KB
• computerimage2.jpg (GRAPHIC) — 4KB
• image.jpg (GRAPHIC) — 4KB
• image1.jpg (GRAPHIC) — 9KB
• proxyimagephonea01.jpg (GRAPHIC) — 2KB
• proxyimagevotea01.jpg (GRAPHIC) — 4KB
• proxyleaf2a01.jpg (GRAPHIC) — 9KB
• proxyleafa01.jpg (GRAPHIC) — 9KB
• qrcodeimage.jpg (GRAPHIC) — 18KB
• teamproxya01.jpg (GRAPHIC) — 13KB
• 0000318833-24-000028.txt (&nbsp;) — 1050KB

Executive Compensation

Executive Compensation 34 Summary Compensation Table 38 Outstanding Equity Awards at 202 3 Year-End 44 Pay Versus Performance 47 Equity Compensation Plan Information 49 Holdings of Major Shareholders, Officers and Directors 50 Transactions with Related Persons 52 Audit Committee Report 53 Information on Independent Public Accountants 55 Annual Report on Form 10-K 55 Delivery of Proxy Materials to Shareholders Sharing an Address 55 Shareholder Proposals for Next Year's Annual Meeting 56 Other Business 57 Appendix A Team, Inc. Second Amended and Restated 2018 Equity Incentive Plan A-1 TEAM, INC. 13131 Dairy Ashford, Suite 600 Sugar Land, Texas 77478 __________________________ PROXY STATEMENT GENERAL These proxy materials are being furnished to you in connection with the solicitation of proxies by the Board of Directors of Team, Inc. for use at the 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held on Wednesday, May 22, 2024 at 300 p.m. Central Time. This Proxy Statement, the accompanying proxy card and the 2023 Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report") were first mailed to our shareholders on or about April 10, 2024. This Proxy Statement contains important information for you to consider when deciding how to vote on the matters to be brought before the Annual Meeting. Please read it carefully. In accordance with rules promulgated by the U.S. Securities and Exchange Commission ("SEC"), we have elected to provide access to our proxy materials both by sending you this full set of proxy materials, including a Proxy Statement, a proxy card and our Annual Report and by notifying you of the availability of our proxy materials on the Internet. This Proxy Statement and our Annual Report are available at www.teaminc.comproxy2024 , under the "Investors" page. Our Annual Report does not form a part of the material for the solicitation of proxies. Unless otherwise indic

View Full Filing

View this DEF 14A filing on SEC EDGAR