secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0000318833-22-000049
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883322000049/0000318833-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883322000049/tisi-20220613.htm
  HTML page:      https://secwatch.observer/filing/0000318833-22-000049

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