secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0000318833-21-000162
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883321000162/0000318833-21-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883321000162/tisi-20211117.htm
  HTML page:      https://secwatch.observer/filing/0000318833-21-000162

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer