TEAM, Inc. appoints Nelson M. Haight as CFO; director Sylvia Kerrigan resigns

TEAM INC

Nelson M. Haight named EVP and CFO effective June 13, 2022, succeeding interim CFO Matt Kvarda who transitions to advisory role.
Haight brings over 30 years finance experience; most recently CFO at Key Energy Services (OTC:KEGX).
Compensation: $450k base salary, 75% target bonus ($150k min guaranteed), $25k sign-on, $450k RSUs vesting over 3 years.
Director Sylvia J. Kerrigan resigned effective June 13, 2022; no dispute with company.
Severance: 12 months salary (15 months if terminated within first year) or 24 months plus bonus upon change-of-control termination.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Sylvia J. Kerrigan

Director

TISI · TEAM INC

Filed: June 13, 2022, 7:59 PM ET

Resignation of Director On June 9, 2022, Sylvia J. Kerrigan notified the Chairman of the Company’s Board of Directors (the “Board”) of

Appointed

Nelson M. Haight

Executive Vice President – Chief Financial Officer

TISI · TEAM INC

Effective: 2022-06-13
Filed: June 13, 2022, 7:59 PM ET

On June 13, 2022, Team, Inc. (the “Company”) announced that Nelson M. Haight has been appointed as Executive Vice President – Chief Financial Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Sylvia J. Kerrigan resigned as Director at TEAM INC.

Action: resigned
Role: Director

Exact text from the filing

Resignation of Director On June 9, 2022, Sylvia J. Kerrigan notified the Chairman of the Company’s Board of Directors (the “Board”) of

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nelson M. Haight was appointed as Executive Vice President – Chief Financial Officer at TEAM INC.

Action: appointed
Role: Executive Vice President – Chief Financial Officer

Exact text from the filing

On June 13, 2022, Team, Inc. (the “Company”) announced that Nelson M. Haight has been appointed as Executive Vice President – Chief Financial Officer, effective immediately.

View on SEC.gov

TEAM INC filing history →

Source: SEC EDGAR

accession 0000318833-22-000049

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