---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-21-000162"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2021-11-22T23:59:59+00:00"
generated_at: "2026-06-28T06:18:59.656088+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TEAM, Inc. announces resignation of seven directors and appointment of two new directors

## Summary
- Seven directors (Louis Waters, Brian Ferraioli, Robert Skaggs, Candice Koederitz, Gary Yesavage, Craig Martin, Michael Lucas) resigned effective Nov 22, 2021; no disagreements.
- Board reduced to seven members; Ted Stenger and J. Michael Anderson appointed as new directors effective Nov 22.
- New directors appointed pursuant to Nov 9, 2021 credit agreements with Corre Credit Fund, LLC and Atlantic Park.
- Anthony Horton named Chair; committees restructured; Amerino Gatti remains CEO and Chairman.

## SEC filing metadata
- accession: 0000318833-21-000162
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2021-11-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883321000162/0000318833-21-000162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883321000162/tisi-20211117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-21-000162
- JSON: https://secwatch.observer/filing/0000318833-21-000162.json
- Plain text: https://secwatch.observer/filing/0000318833-21-000162.txt

## Key facts
- Executive change
  J. Michael Anderson was appointed as Director at TEAM INC.
  - Action: appointed
  - Role: Director
  source text: The Board then appointed Ted Stenger and J. Michael Anderson as members of the Board effective November 22, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883321000162/0000318833-21-000162-index.htm
- Executive change
  Ted Stenger was appointed as Director at TEAM INC.
  - Action: appointed
  - Role: Director
  source text: The Board then appointed Ted Stenger and J. Michael Anderson as members of the Board effective November 22, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883321000162/0000318833-21-000162-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.