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.
The SEC filings page for Team, Inc. (NYSE: TISI) brings together the company’s official regulatory disclosures, allowing readers to review how this specialty industrial services provider reports its financial condition, governance decisions, and material events. Team, Inc., headquartered in Sugar Land, Texas, files a range of documents with the U.S. Securities and Exchange Commission that complement its earnings releases and news announcements.
Among the key filings are current reports on Form 8-K, which the company uses to disclose items such as quarterly financial results, changes in its board of directors, shareholder meeting outcomes, and significant financing transactions. Examples include 8-K filings describing the March 2025 refinancing transaction, the June 2025 annual meeting voting results and related charter matters, the September 2025 securities purchase agreement for Series B Preferred Stock and warrants with an affiliate of Stellex Capital Management LLC, and the October 2025 appointments of new directors under a shareholders agreement.
Investors examining Team, Inc.’s filings can also follow how the company reports non-GAAP measures like Adjusted EBITDA and Adjusted EBIT alongside GAAP results, as referenced in earnings-related 8-Ks. Other filings address topics such as amendments to the certificate of incorporation, corrections to previously reported shareholder vote outcomes, and material modifications to the rights of security holders.
On Stock Titan, these SEC documents are supplemented by AI-powered summaries that help explain the context and main points of each filing, while preserving access to the full original text from EDGAR. Users can quickly scan recent 8-Ks and related exhibits, then drill down into details on capital structure changes, governance arrangements, and operational updates disclosed by Team, Inc.
TEAM Inc (TISI) reported an initial statement of beneficial ownership on Form 3 for a Director. The reporting person indicated 0 shares of common stock beneficially owned in direct (D) form. The event date was 10/24/2025, and the filing was made by one reporting person. No derivative securities were listed. The form was signed by /s/ James C. Webster, Attorney-in-Fact, with a reference to Exhibit 24 (Power of Attorney).
Team, Inc. (TISI) director Michael David Stewart filed a Form 3 disclosing initial beneficial ownership. He indirectly holds 75,000 shares of Series B Preferred Stock through InspectionTech Holdings LP.
He also reports derivative interests: Tranche A Warrants for 982,371 shares of Common Stock at $23, and Tranche B Warrants for 470,889 shares at $50, each first exercisable on 09/11/2025 and expiring on 09/11/2035. The warrants include a 4.99% beneficial ownership cap on exercise.
In addition, there is an obligation to purchase 30,000 Delayed Draw Series B Preferred Shares at $1,000 per share, exercisable from 09/11/2025 to 09/11/2027. Upon each issuance of 5,000 delayed draw shares, the holder receives 65,491 additional Tranche A and 31,393 additional Tranche B warrants; for issuances on or after 12/10/2025, Additional Tranche A Warrants price at the lesser of $30.00 or 110% of the 30‑day VWAP, while Additional Tranche B Warrants price at $50.00.
TEAM, Inc. expanded its Board by appointing K. Niclas Ytterdahl as a Class I director and Michael Stewart as a Class III director, effective October 24, 2025. The Board size increased from seven to nine with these appointments. Ytterdahl’s term runs to the 2026 annual meeting; Stewart’s runs to the 2028 annual meeting. Ytterdahl will receive a $172,500 annual cash retainer; per a Shareholders Agreement, Stewart will not receive compensation. Ytterdahl joins the Audit and Corporate Governance & Nominating Committees; Stewart joins the Compensation Committee.
The Shareholders Agreement entitles Stellex to designate two independent nominees, with that number reduced if its ownership thresholds decline as described. The Board determined both appointees meet NYSE independence standards. Jeffery G. Davis will resign effective December 31, 2025, with no dispute cited, and the Board will decrease from nine to eight at that time. The Company named Michael J. Caliel non‑executive Chairman on October 24, 2025, and assigned J. Michael Anderson to chair the Compensation Committee effective January 1, 2026.
Team Inc (TISI) reported an insider equity award on a Form 4. The company’s EVP and Chief Legal Officer received 5,548 restricted stock units (RSUs) on 10/13/2025.
Each RSU represents the right to receive one share of Team Inc common stock. The RSUs were reported at a price of $0 and are held directly. The award vests in three equal installments, with one-third vesting on 10/1/2026, one-third on 10/1/2027, and one-third on 10/1/2028, subject to continued service through each date.
Team, Inc. filed an S-3 shelf registration describing a securities offering and incorporating prior SEC reports and exhibits by reference. The filing lists corporate governance documents (certificates of incorporation and bylaws), recently filed securities and agreements dated September 11, 2025 (including Forms of Common Stock Purchase Warrants and a Securities Purchase Agreement), and a Registration Rights Agreement with InspectionTech Holdings LP. The filing states the company is a smaller reporting company and may rely on reduced disclosure requirements. The business-description text references onstream and off-line industrial services, non-destructive testing, metallurgical and chemical processing, digital imaging, leak repair, emissions control, hot tapping, line stopping, valve insertion, field machining, bolted-joint integrity, and valve management solutions. The prospectus shows an itemized exhibit list and a small dollar line item of $6,371.80 in the document.
Corre-linked investors disclosed coordinated holdings and voting support in TEAM INC. The filing shows several Corre funds and advisors collectively beneficially own 1,587,296 shares, representing 35.282% of common stock. On September 11, 2025, TEAM entered into a Purchase Agreement with an affiliate of Stellex and the Corre Holders entered a Support Agreement agreeing to vote for issuance of 65,491 Tranche A Warrants and 31,393 Tranche B Warrants (the "Additional Warrants") and to refrain from transfers subject to limited exceptions. The Support Agreement contains defined termination events including completion of the shareholder vote, expiration of warrant commitments, certain uncured breaches and September 30, 2026. The filing attaches the Support Agreement as Exhibit 99.1.
Team, Inc. disclosed a package of financing and governance documents dated September 11, 2025, that together change its capital and control arrangements. The filing lists a Certificate of Designation for Series B Preferred Stock, multiple Common Stock Purchase Warrants (including two warrants issued to InspectionTech Holdings LP and language specifying an $50.00 initial exercise price for Additional Tranche B Warrants), and a Securities Purchase Agreement with named purchasers. The company also filed a Shareholders Agreement, a Registration Rights Agreement, and a Voting and Support Agreement involving Corre-related funds and InspectionTech Holdings LP.
The filing shows amendments to three separate credit facilities (including first amendments to two term loan agreements and a seventh amendment to another credit agreement), a press release and an interactive cover page iXBRL file. The document states the Corre Holders hold approximately 35% of outstanding voting power without counting shares issuable from their warrants, and it references a 30-day volume weighted average price as an adjustment metric for warrant exercise pricing.
Pamela J. McGinnis, a director of Team, Inc. (TISI), reported purchases of common stock on August 15, 18 and 19, 2025. She acquired 602 shares on 08/15/2025 at a weighted average price of $19.49, 160 shares on 08/18/2025 at $18.91, and 570 shares on 08/19/2025 at $18.95, bringing her total reported beneficial ownership to 1,332 shares held directly. The filing discloses that each reported price is a weighted average across multiple transactions within the ranges noted in the footnotes.
Team, Inc. filed a Form 8-K to furnish a press release announcing its unaudited financial results for the first quarter ended March 31, 2025. The press release, dated August 12, 2025, is attached as Exhibit 99.1 and incorporated by reference into this report.
The company specifies that the information under Item 2.02, including Exhibit 99.1, is being furnished rather than filed, so it is not subject to liability under Section 18 of the Exchange Act and will not be automatically incorporated into other Securities Act or Exchange Act filings. The filing also includes Exhibit 104, the cover page interactive data file embedded within the Inline XBRL document.
Team, Inc. reported consolidated revenue of $248.0 million for the quarter ended June 30, 2025, up 8.5% from $228.6 million a year earlier, driven by a 15.2% increase in its Inspection and Heat Treating (IHT) segment and modest growth in Mechanical Services (MS). Operating income was $12.1 million for the quarter (versus $11.2 million prior-year), and consolidated adjusted EBITDA rose to $24.5 million from $21.8 million, showing improved operating performance when excluding identified non-core items.
Despite revenue gains, the company reported a net loss of $4.3 million for the quarter and a year-to-date net loss of $34.0 million, reflecting higher non-operating charges including $11.9 million loss on debt extinguishment recorded in the six months. Total long-term debt and finance lease obligations were $370.2 million as of June 30, 2025. Liquidity included $16.6 million unrestricted cash and approximately $32.7 million available borrowing capacity, and management stated covenant compliance as of that date.