---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-22-000049"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2022-06-13T23:59:59+00:00"
generated_at: "2026-06-25T02:32:59.695650+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000318833-22-000049
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2022-06-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883322000049/0000318833-22-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883322000049/tisi-20220613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-22-000049
- JSON: https://secwatch.observer/filing/0000318833-22-000049.json
- Plain text: https://secwatch.observer/filing/0000318833-22-000049.txt

## Key facts
- Executive change
  Sylvia J. Kerrigan resigned as Director at TEAM INC.
  - Action: resigned
  - Role: Director
  source text: Resignation of Director On June 9, 2022, Sylvia J. Kerrigan notified the Chairman of the Company’s Board of Directors (the “Board”) of
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883322000049/0000318833-22-000049-index.htm
- Executive change
  Nelson M. Haight was appointed as Executive Vice President – Chief Financial Officer at TEAM INC.
  - Action: appointed
  - Role: Executive Vice President – Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318833/000031883322000049/0000318833-22-000049-index.htm

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