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.
Entities associated with Corre Partners Management, LLC, identified as ten percent owners of Team Inc., reported a sale of 1,604,326 shares of common stock on 2026-08-06 at $35.50 per share. The shares are reported as held through indirect ownership, with additional explanatory notes referenced in an exhibit.
InspectionTech Holdings LP and affiliated Stellex entities reported a significant equity and governance position in TEAM INC. They beneficially own 1,604,326 shares of common stock, representing approximately 35.1% of the 4,571,382 shares outstanding as of May 11, 2026, all with shared voting and dispositive power.
The position reflects a broader financing and governance framework. In September 2025, Team issued to InspectionTech 75,000 Series B Preferred shares and Tranche A and B Warrants for 982,371 and 470,889 common shares, respectively, for total consideration of $75.0 million, plus an option for up to $30.0 million of additional preferred and warrants via delayed draws. On August 6, 2026, InspectionTech purchased 1,604,326 common shares from Corre-managed funds for $56,953,573.
Stellex obtained board and governance rights, including the ability to nominate up to two independent directors and appoint a board observer, subject to ownership thresholds. Warrants carry 10‑year terms and anti-dilution protections, with exercise limited by a 4.99% beneficial ownership cap. Corre and its funds agreed to a standstill restricting additional acquisitions, proxy activity and certain governance actions during a defined period, while progressively waiving board-related rights in favor of InspectionTech’s evolving designation rights.
TEAM INC director and ten percent owner Michael David Stewart reported an indirect purchase of TEAM INC common stock through InspectionTech Holdings LP. On August 6, 2026, InspectionTech Holdings LP (the Stellex SPV) purchased 1,604,326 shares of common stock from certain Corre entities for an aggregate purchase price of $56,953,573.00 under a Securities Purchase Agreement. Following this transaction, the indirectly held position reported for this entity is 1,604,326 shares. The securities are held of record by the Stellex SPV, and a group of related Stellex entities, including Stewart and another managing member, may be deemed to share beneficial ownership of these shares.
InspectionTech Holdings LP and related Stellex entities, together with Raymond Whiteman, reported indirect ownership positions in TEAM INC. Through InspectionTech Holdings LP (the Stellex SPV), they hold 1,604,326 shares of Common Stock and 75,000 shares of Series B Preferred Stock, plus derivative securities. Indirect warrant positions include Tranche A Warrants over 982,371 Common shares at an exercise price of $23.00 and Tranche B Warrants over 470,889 Common shares at $50.00, subject to a 4.99% beneficial ownership cap. They also hold rights to 30,000 Delayed Draw Preferred Shares of Series B Preferred Stock at $1,000 per share, which, upon each 5,000-share issuance, trigger additional Tranche A and Tranche B Warrants on specified terms.
Team, Inc. revised its Corporate Executive Officer Compensation and Benefits Continuation Policy to reduce benefits payable upon qualifying terminations related to a change in control. Section III was amended so that any supplemental salary or supplemental compensation periods longer than 24 months are now capped at 24 months.
The amendment also standardizes how supplemental compensation for forgone annual incentives or bonuses is calculated. Covered executives will receive a single lump-sum payment based on the period used for supplemental salary, computed using the higher of the most recent year’s actual bonus or the average bonus from the last two years, or the target bonus if no annual bonus has yet been paid. This lump sum is paid on the same date as the executive’s supplemental salary payment and is in addition to any earned but unpaid incentive or bonus amounts prior to a change in control.
TEAM INC Chief Financial Officer Clinton William Roeder filed an initial statement of beneficial ownership. He reports holding 9,175 restricted stock units, each representing a right to receive one share of TISI common stock. These RSUs vest in three equal installments on May 31, 2027, 2028, and 2029, subject to continued service. The filing shows no directly owned common shares at this time.
Team, Inc. announced a chief financial officer transition. Nelson Haight will step down as Executive Vice President and CFO on June 22, 2026, then serve briefly as a special advisor. The company states his departure is not due to any disagreement over operations, policies, or practices.
Under a Severance Agreement, Haight will receive $603,750 over 15 months, a prorated 2026 bonus at target, and a $15,500 lump-sum for healthcare. His unvested time-based restricted stock units will fully vest, while performance share units will continue to vest based on performance with payouts prorated to 92%, subject to a release of claims and 12‑month non‑compete and non‑solicitation covenants.
The Board appointed Clinton Roeder as the new Executive Vice President and CFO effective June 22, 2026. Roeder will receive a $500,000 base salary, eligibility for an annual cash bonus targeted at 75% of base salary, and equity awards valued at about $500,000, split between time‑vested restricted stock units and performance stock units tied to aggregate Adjusted EBITDA through December 31, 2028.
Webster James C. reported acquisition or exercise transactions in this Form 4 filing.
TEAM INC executive James C. Webster, EVP and Chief Legal Officer, received a grant of 5,505 Restricted Stock Units, each tied to one share of common stock. After this award, he holds 11,053 RSUs in total. These units vest in three equal installments on May 31, 2027, May 31, 2028, and May 31, 2029, contingent on continued service.
Team Inc.'s Chief Executive Officer Gary L. Hill bought additional company stock in the open market. On this transaction, he purchased 6,250 shares of Common Stock at $16.00 per share. After the purchase, he directly holds 51,687 shares, indicating a relatively small incremental increase to his existing stake.
Team Inc Chief Executive Officer Gary L. Hill made an open-market purchase of company stock. On this transaction date, he bought 5,800 shares of Team Inc Common Stock at a price of $16.22 per share. Following the purchase, he directly owns 45,437 shares.