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. reported modest growth with ongoing losses for 2025. Revenue reached $896.5 million, up 5.2% from 2024, while consolidated Adjusted EBITDA rose 11.9% to $60.7 million or 6.8% of revenue, reflecting cost cuts and better job mix.
The company still recorded a net loss of $49.2 million, including a $13.1 million loss on debt extinguishment, and net loss attributable to common shareholders of $52.7 million or $11.70 per share. Fourth quarter revenue grew 5.4% to $224.8 million and the quarterly net loss improved to $3.8 million.
Liquidity at December 31, 2025 was $77.4 million, with $14.1 million in cash and $63.4 million of undrawn credit, while total debt decreased to $297.2 million from $325.1 million. New CEO Gary Hill emphasized growth, margin improvement and cash generation, but the company will provide 2026 guidance only after first-quarter results.
Barclays PLC has filed an amended beneficial ownership report showing it holds 313,458 shares of INC common stock, representing 6.92% of the class as of December 31, 2025. Barclays has sole voting and dispositive power over these shares and reports holding them in the ordinary course of business, not to influence control of the company.
Team, Inc.39,637 restricted stock units (RSUs), each representing a contingent right to receive one share of TISI common stock, and no shares of common stock outright.
The RSU award of 39,637 units was granted on February 1, 2026. These RSUs vest in three equal installments, with one-third vesting on each of February 1, 2027, February 1, 2028, and February 1, 2029, subject to his continued service through each vesting date.
Team, Inc. detailed the severance and consulting terms for former Chief Executive Officer Keith Tucker following his termination without cause effective January 31, 2026. The company confirms his departure was not due to any disagreement over operations, policies, or practices.
Under a Severance and Consulting Agreement dated February 6, 2026, Mr. Tucker will receive $1,125,000 in severance, paid over 18 months, an additional cash amount equal to the annual bonus he would have earned for the 2025 performance period, and a lump-sum $19,000 for health and welfare benefits. His unvested time-based restricted stock units vest immediately, while performance share units continue to vest based on their terms with any payout prorated to 78%.
After leaving the CEO role, Mr. Tucker will serve as a consultant to Team, Inc. for 12 months for a $375,000 consulting fee. All payments depend on his signing a broad release of claims and complying with non-competition and non-solicitation covenants for 24 months.
Team, Inc. announced a leadership transition, with Chief Executive Officer Keith Tucker departing effective January 31, 2026, and the Board appointing Gary Hill as Chief Executive Officer effective February 1, 2026. The company states that Mr. Tucker’s departure is not due to any disagreement regarding operations, policies, or practices.
Gary Hill, age 60, has over 30 years of industrial services experience, including senior roles at Shermco Industries, AIS Holdings Company LLC, and AZZ Inc. Under a new offer letter, he will receive a $750,000 base salary, be eligible for an annual cash bonus targeted at 100% of base salary with a 200% maximum, and be granted restricted stock units valued at $562,500 and performance stock units valued at $1,312,500, plus relocation and temporary housing support. The company also outlines intended severance protections, including enhanced benefits if terminated following a change in control.
Team Inc director Michael J. Caliel reported an equity compensation grant. On January 14, 2026, he received an award of 48,403 restricted stock units, each representing a contingent right to one share of Team Inc common stock.
Of this award, 23,110 restricted stock units vested immediately into common stock at a price of $0, leaving him with 91,691 common shares held directly after the transaction. The remaining 25,293 restricted stock units will vest on October 24, 2026, subject to his continued service with the company.
Team Inc. insider group reports additional open-market stock purchases. Investment entities affiliated with Corre Partners disclosed three separate buys of Team Inc. common stock in early December 2025. They purchased 600 shares at $14.81 on December 4, 2025, 1,320 shares at $14.78 on December 5, 2025, and 1,076 shares at $15.13 on December 8, 2025, all coded as open-market purchases.
After these transactions, the reporting persons indirectly beneficially owned 1,604,326 shares of Team Inc. common stock. The holdings are reported as indirect ownership through investment funds noted in the signature block, with further explanatory notes referenced in Exhibit 99.1.
Team Inc (TISI) reported insider share purchases by a director-level investor group affiliated with Corre funds. On 12/01/2025, the group bought 13,334 shares of common stock at $14.83 per share, and on 12/03/2025 they purchased another 700 shares at $14.89 per share, totaling 14,034 shares acquired. After these transactions, the group beneficially owned 1,601,330 shares, reported as held indirectly. The filing notes that additional explanatory details are provided in Exhibit 99.1.
Team Inc. director reports a small stock sale. A board member of TEAM Inc. (ticker TISI) sold 1,000 shares of common stock on 12/02/2025. The sale was reported at a weighted average price of about $14.80 per share, with individual trades occurring between $14.78 and $14.82.
After this transaction, the director beneficially owns 9,276 Team Inc. shares in direct ownership. The filing notes that detailed trade-by-trade pricing information within the reported range is available from the company, the reporting person, or the SEC staff upon request.
TEAM Inc (TISI) reported an insider stock transaction by a director. On 11/21/2025, the director sold 573 shares of common stock at a price of $15 per share. After this sale, the director directly beneficially owned 10,276 shares of TEAM Inc common stock. The filing was submitted as a Form 4, which reports changes in ownership by company insiders.