Corre Horizon Fund Amends Team, Inc. Stake Filing

TL;DR

Corre Horizon Fund updated their 13D filing for Team Inc. - watch for potential moves.

AI Summary

Corre Horizon Fund, LP, along with related entities and individuals including Eric Soderlund and John Barrett, has filed an amendment (Amendment #8) to their Schedule 13D on March 26, 2024, regarding their holdings in Team, Inc. The filing indicates a change in their beneficial ownership of Team, Inc. common stock.

Why It Matters

This filing signals a potential shift in significant shareholder activity or strategy concerning Team, Inc., which could influence the company's stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in investor strategy, introducing uncertainty.

Key Players & Entities

• Corre Horizon Fund, LP (company) — Filing entity
• Team, Inc. (company) — Subject company
• Eric Soderlund (person) — Group member of filing entity
• John Barrett (person) — Group member of filing entity
• Corre Horizon II Fund, LP (company) — Group member of filing entity
• Corre Opportunities Qualified Master Fund, LP (company) — Group member of filing entity
• Corre Partners Advisors, LLC (company) — Group member of filing entity
• Corre Partners Management, LLC (company) — Group member of filing entity

FAQ

Key Financial Figures

• $0.30 — , Inc. (Name of Issuer) Common Stock, $0.30 par value (Title of Class of Securitie

Filing Documents

• c72623136a.htm (SC 13D/A) — 199KB
• c72623136b.htm (EX-99.1) — 15KB
• 0000899140-24-000378.txt ( ) — 216KB

From the Filing

SC 13D/A 1 c72623136a.htm SCHEDULE 13D/A, AMENDMENT #8 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No._ 8 _)* Team, Inc. (Name of Issuer) Common Stock, $0.30 par value (Title of Class of Securities) 878155100 (CUSIP Number) John Barrett Corre Partners Management, LLC 12 East 49 th Street, 40 th Floor, New York, NY 10017 Telephone Number: 646-863-7152 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 22, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d1(f) or 240.13d-1(g), check the following box [X]. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. CUSIP No. 878155100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corre Opportunities Qualified Master Fund, LP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 1,016,118 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 1,016,118 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,016,118 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.0% 14. TYPE OF REPORTING PERSON PN CUSIP No. 878155100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corre Horizon Fund, LP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 249,942 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 249,942 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 249,942 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7% 14. TYPE OF REPORTING PERSON PN CUSIP No. 878155100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corre Horizon II Fund, LP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 263,450 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 263,450 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 263,450 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.0% 14. TYPE OF REPORTING PERSON PN CUSIP No. 878155100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corre Partners Advisors, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 1,529,510 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 1,529,510 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,529,510 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.6% 14. TYPE OF REPORTING PERSON OO CUSIP No. 878155100 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corre Partners Management, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. C

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View this SC 13D/A filing on SEC EDGAR