Welcome to our dedicated page for TEAM SEC filings (Ticker: TISI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Team, Inc. filings document a specialty industrial services issuer with NYSE-listed common stock and disclosure focused on operating results, governance and capital structure. Form 8-K reports furnish quarterly financial results and describe material events, including executive separation arrangements, board appointments, committee assignments and changes in director compensation.
TEAM’s regulatory record also includes definitive proxy materials covering annual meeting matters, director elections, executive compensation and pay-versus-performance tables. Capital-structure filings describe material definitive agreements, Series B Preferred Stock, warrants to purchase common stock and related shareholder-agreement terms tied to the company’s financing activity.
TEAM INC (TISI) reports that its Chief Financial Officer, Clinton William Roeder, purchased 8,000 shares of common stock on September 3, 2026 in an open-market or private transaction at $27.59 per share. Following this purchase, he directly holds 17,000 shares of TEAM INC common stock. No Rule 10b5-1 plan is reported for this transaction.
TEAM INC (TISI) reported that its Chief Financial Officer, Clinton William Roeder, purchased common stock on August 21, 2026. He bought 8,000 shares at $22.90 per share and an additional 1,000 shares at $22.84 per share in open market or private transactions, all held as direct ownership and not under a Rule 10b5-1 trading plan.
For TEAM INC (TISI), director Anthony R. Horton reported open-market purchases of common stock. He bought 2,000 shares at $23.15 on August 21, 2026 and 2,000 shares at $22.90 on August 24, 2026, for a total of 4,000 shares, held as direct ownership. The Rule 10b5-1 checkbox was not marked, so these trades are not indicated as being under a trading plan.
TEAM INC (TISI) director Anthony R. Horton purchased 2,000 shares of common stock on 2026-08-18 at a price of $22.71 per share in an open-market or private transaction. Following this buy, he directly owns 24,082 TEAM INC common shares.
TEAM INC (TISI) director Evan S. Lederman reported purchasing common stock in the company. On 2026-08-17, he bought 500 shares of TEAM INC common stock at $23.00 per share in an open-market or private transaction, increasing his directly held position to 7,078 shares.
TEAM INC (TISI) director Pamela J. McGinnis purchased common stock in an open market or private transaction. On 2026-08-13 she bought 2,000 shares of common stock at $22.90 per share, bringing her directly held position to 3,332 shares following the transaction.
Team, Inc. reported changes in its shareholder base and related governance arrangements. On August 6, 2026, Corre Partners Management, LLC and affiliated holders irrevocably waived most rights under a prior Board Rights Agreement, including board observation rights and nomination rights for Investor Equity Directors and the right to designate the chairman. Rights relating to the Lender Director remain in effect.
An entity controlled by Stellex Capital Management LLC acquired all 1,604,326 shares of Team’s common stock previously held by Corre and its affiliates in a privately negotiated transaction at $35.50 per share. Team is not issuing any shares in connection with this transaction and will not receive any proceeds. Upon closing, Stellex is expected to own approximately 35% of Team’s outstanding common stock, in addition to preferred stock and warrants issued to Stellex in September 2025, making Stellex the largest common equity shareholder.
Team, Inc. reported for the quarter ended June 30, 2026 revenues of $228.7 million, down 7.8% year over year, generating operating income of $2.2 million versus $12.1 million a year ago and a net loss of $6.8 million versus $4.3 million.
For the first six months, revenue was $443.7 million (down 0.7%), with an operating loss of $1.2 million and a net loss of $18.1 million, improved from a $34.0 million loss primarily due to lower interest expense and the absence of prior-year debt extinguishment costs. Adjusted EBITDA fell to $12.8 million in Q2 from $24.5 million.
Total assets were $498.8 million, with total debt and finance obligations of $326.3 million, redeemable preferred stock of $57.8 million (including a 10.5% paid-in-kind dividend), and a shareholders’ deficit of $49.7 million. Cash and cash equivalents were $26.0 million, operating cash outflow improved to $8.4 million, and availability under the ABL facility was $28.9 million, with an additional $30.0 million Series B delayed draw capacity.
TEAM, Inc. reported weaker results for the quarter ended June 30, 2026 while reaffirming a more optimistic full‑year outlook. Second quarter revenue was $228.7 million versus $248.0 million a year earlier, with consolidated gross margin of $54.4 million (23.8% of revenue). Operating income dropped to $2.2 million from $12.1 million, and net loss widened to $6.8 million, or $2.15 per share attributable to common shareholders after preferred dividends and accretion. Consolidated Adjusted EBITDA fell to $12.8 million (5.6% margin) from $24.5 million (9.9%).
Segment results showed lower turnaround and project activity. Inspection and Heat-Treating revenue declined to $131.3 million with operating income of $13.3 million, while Mechanical Services revenue fell to $97.4 million with operating income of $2.3 million. For the first half, the company reported a consolidated operating loss of $1.2 million.
Leverage remains elevated: total debt at June 30, 2026 was $326.3 million and net debt was $300.3 million, with liquidity of $51.2 million and a stockholders’ deficit of $49.7 million. Management targets structural cost improvements of $8–$15 million in 2026, with a full run‑rate goal of $20–$35 million, and maintained 2026 guidance for revenue of $920–$945 million, gross margin of $240–$260 million, and Adjusted EBITDA of $68–$73 million, implying mid‑teens growth in Adjusted EBITDA versus 2025 at the midpoint.
Team Inc (TISI) shareholder group led by Corre Partners Advisors, LLC amended its Schedule 13D to reflect a major secondary sale and reduced ownership. On August 6, 2026, Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP and Corre Horizon II Fund, LP sold all of their common stock in Team Inc to InspectionTech Holdings LP for aggregate consideration of $56,953,573, including 1,054,719 shares, 249,942 shares and 299,665 shares, respectively.
The Corre Holders continue to hold warrants exercisable for 500,000 shares of common stock (Warrant Nos. 2, 3 and 4), but exercises are subject to a 4.99% Beneficial Ownership Limitation, and a notice was delivered on August 7, 2026 decreasing this limit to 4.99%. As a result, the group states it is no longer a reporting person under the beneficial ownership rules, based on 4,571,382 shares outstanding as of May 11, 2026. The Corre Holders also agreed to standstill provisions, consultation and "reasonable best efforts" obligations regarding board nomination rights and potential resignation of the Lender Director, and irrevocably waived most of their Board Observer and Board Nomination Rights under a prior Board Rights Agreement. The amendment also notes that Eric Soderlund retired from Corre entities effective February 1, 2026 and was removed as a reporting person.